Sky Tower PCLBKK:STOWER -20.00% Beneish M-Score is -3.17 as of Jun. 26, 2026. The stock has 4 warning signs investors should review. Among 592 Steel companies, Sky Tower PCL ranks better than 86.15% on this metric.
The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Good Sign:
Beneish M-Score -3.17 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Sky Tower PCL's Beneish M-Score or its related term are showing as below:
BKK:STOWER'
s Beneish M-Score Range Over the Past 10 Years
Min: -25.76 Med: -3.44 Max: 309.88
Current: -3.17
During the past 13 years, the highest Beneish M-Score of Sky Tower PCL was 309.88. The lowest was -25.76. And the median was -3.44.
Sky Tower PCL Beneish M-Score Related Terms
Sky Tower PCL Beneish M-Score Historical Data
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The historical data trend for Sky Tower PCL's Beneish M-Score 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.
BKK:STOWER vs NUE, STLD, RS: Beneish M-Score Comparison
For the Steel subindustry, Sky Tower PCL's Beneish M-Score, along with its competitors' market caps and Beneish M-Score 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.
Sky Tower PCL Beneish M-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Sky Tower PCL's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sky Tower PCL's Beneish M-Score falls into.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of Sky Tower PCL for today is based on a combination of the following eight different indices:
M
=
-4.84
+
0.92 * DSRI
+
0.528 * GMI
+
0.404 * AQI
+
0.892 * SGI
+
0.115 * DEPI
=
-4.84
+
0.92 * 0.8613
+
0.528 * 1.2638
+
0.404 * 1.151
+
0.892 * 0.5033
+
0.115 * 1.0477
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.6571
+
4.679 * -0.04391
-
0.327 * 1.0121
=
-3.17
* 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.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI
=
(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))
/
(Depreciation_t / (Depreciaton_t + PPE_t))
=
(21.524 / (21.524 + 278.597))
/
(19.226 / (19.226 + 261.651))
=
0.071718
/
0.06845
=
1.0477
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA
=
(IncomefromContinuingOperations_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(NetIncome_t - NonOperatingIncome_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(-85.63 - -20.152
-
-29.242)
/
825.23
=
-0.04391
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Sky Tower PCL has a M-score of -3.17 suggests that the company is unlikely to be a manipulator.
Sky Tower PCL (BKK:STOWER) has a Beneish M-Score of -3.17 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sky Tower PCL and its competitors. According to the industry distribution chart, Sky Tower PCL ranks #82 out of 592 companies in the Steel industry, placing it in the top 13.9%.
Is Sky Tower PCL's Beneish M-Score too high?
Sky Tower PCL's current Beneish M-Score is -3.17. Based on the distribution chart, Sky Tower PCL ranks #82 out of 592 companies in the Steel industry, which is in the top quartile — a strong position relative to peers.
How does Sky Tower PCL's Beneish M-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Sky Tower PCL ranks #82 out of 592 companies for Beneish M-Score. This places Sky Tower PCL in the top 14% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Steel company?
A good Beneish M-Score depends on the Steel industry context. However, Beneish M-Score 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 Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sky Tower PCL and its competitors. Sky Tower PCL's current Beneish M-Score is -3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sky Tower PCL stock overvalued right now?
Based on GuruFocus' analysis, Sky Tower PCL (BKK:STOWER) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.04, compared to a current price of ฿0.04 — trading right at its estimated fair value. The current Beneish M-Score is -3.17. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Sky Tower PCL (BKK:STOWER), the current Beneish M-Score is -3.17 as of Jun. 26, 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.
Sky Tower PCL is engaged in e the production and distribution of electricity poles, telecommunication poles, and electricity sub-stations, galvanizing service, provision of services for the telecommunication towers rental and consulting services, project management, planning, and installation, including equipment maintenance for communication and telecommunications, and technical advisors related to communications and telecommunications. The Group has three operating segments, which consist of the production and distribution of high voltage transmission towers and telecommunication towers, distribution of the industrial product segment, and the telecom implementation service segment. It operates in Thailand & the Philippines, out of which the maximum revenue is earned from the Philippines.
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