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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
UPA Bhd's Sloan Ratio for the quarter that ended in Mar. 2026 was 6.73%.
As of Mar. 2026, UPA Bhd has a Sloan Ratio of 6.73%, indicating the company is in the safe zone and there is no funny business with accruals.
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, UPA Bhd has a Sloan Ratio of 6.73%, indicating the company is in the safe zone and there is no funny business with accruals.
UPA Bhd Sloan Ratio % Related Terms
UPA Bhd Sloan Ratio % Historical Data
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The historical data trend for UPA Bhd's Sloan Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Conglomerates subindustry, UPA Bhd's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
UPA Bhd Sloan Ratio % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, UPA Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where UPA Bhd's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
UPA Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
UPA Bhd's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 2.043 (Jun. 2025 ) + -0.878 (Sep. 2025 ) + 5.85 (Dec. 2025 ) + -2.885 (Mar. 2026 ) = RM4.1 Mil.
UPA Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -4.348 (Jun. 2025 ) + -10.581 (Sep. 2025 ) + 11.164 (Dec. 2025 ) + 0.566 (Mar. 2026 ) = RM-3.2 Mil.
UPA Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -1.014 (Jun. 2025 ) + -3.52 (Sep. 2025 ) + -4.165 (Dec. 2025 ) + -3.585 (Mar. 2026 ) = RM-12.3 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
UPA Bhd (XKLS:7757) has a Sloan Ratio % of 6.73% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on UPA Bhd and its competitors.
Is UPA Bhd's Sloan Ratio % too high?
UPA Bhd's current Sloan Ratio % is 6.73%. Overall, UPA Bhd has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does UPA Bhd's Sloan Ratio % compare to MMM and HON?
UPA Bhd's Sloan Ratio % of 6.73% can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Conglomerates company?
A good Sloan Ratio % depends on the Conglomerates industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on UPA Bhd and its competitors. UPA Bhd's current Sloan Ratio % is 6.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UPA Bhd stock overvalued right now?
Based on GuruFocus' analysis, UPA Bhd (XKLS:7757) is currently considered Fairly Valued. The stock's GF Value™ is RM0.66, compared to a current price of RM0.66 — trading right at its estimated fair value. The current Sloan Ratio % is 6.73%. UPA Bhd's overall GF Score™ is 51/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For UPA Bhd (XKLS:7757), the current Sloan Ratio % is 6.73% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is UPA Bhd (XKLS:7757) Overvalued in 2026?
Based on GuruFocus' analysis, UPA Bhd stock appears to be undervalued.
The current stock price of RM0.66 is trading 0% below its estimated GF Value™ of RM0.66.
GuruFocus considers UPA Bhd to be Fairly Valued.
Key valuation signals for XKLS:7757:
Sloan Ratio %: 6.73%
GF Value™: RM0.66 vs. price of RM0.66 (0% below fair value)
No single metric tells the full story. See the XKLS:7757 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
UPA Corp Bhd operates through four segments: manufacturing of paper-based products, manufacturing of plastic products, machine trading, and healthcare products. The paper-based products business manufactures notebooks, diaries, calendars, fine stationeries, planners, notepads, and journals using paper bonded leather, PVC, and PU for covers. The plastic products business manufactures rigid PVC, APET, PETG, and GAG sheets, as well as PVC and PETG shrinkable label films. The machine trading business sells new Komori printing machines from Japan as the sole distributor in Malaysia, refurbishes and sells used printing machines, and provides after-sales services. The healthcare products business manufactures and markets healthcare products, including face masks and non-woven melt blown fabric.
51GF Score
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