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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 -3.27 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for PT Austindo Nusantara Jaya Tbk's Beneish M-Score or its related term are showing as below:
ISX:ANJT'
s Beneish M-Score Range Over the Past 10 Years
Min: -6.76 Med: -2.45 Max: 23.23
Current: -3.27
During the past 13 years, the highest Beneish M-Score of PT Austindo Nusantara Jaya Tbk was 23.23. The lowest was -6.76. And the median was -2.45.
* 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.
ISX:ANJT vs ADM, BG, TSN: Beneish M-Score Comparison
For the Farm Products subindustry, PT Austindo Nusantara Jaya Tbk'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.
PT Austindo Nusantara Jaya Tbk Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Austindo Nusantara Jaya Tbk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PT Austindo Nusantara Jaya Tbk'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 PT Austindo Nusantara Jaya Tbk 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 * 1.441
+
0.528 * 1.0069
+
0.404 * 0.569
+
0.892 * 1.1382
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9966
+
4.679 * -0.224466
-
0.327 * 1.2948
=
-3.27
* 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))
=
(-766.735 / (-766.735 + 7251309.901))
/
(0 / (0 + 3396090.127))
=
-0.000106
/
0
=
1
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
=
(-764884.332 - 0
-
818020.502)
/
7051871.645
=
-0.224466
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.
PT Austindo Nusantara Jaya Tbk has a M-score of -3.27 suggests that the company is unlikely to be a manipulator.
PT Austindo Nusantara Jaya Tbk (ISX:ANJT) has a Beneish M-Score of -3.27 as of Aug. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Austindo Nusantara Jaya Tbk and its competitors. According to the industry distribution chart, PT Austindo Nusantara Jaya Tbk ranks #176 out of 1855 companies in the Consumer Packaged Goods industry, placing it in the top 9.5%.
Is PT Austindo Nusantara Jaya Tbk's Beneish M-Score too high?
PT Austindo Nusantara Jaya Tbk's current Beneish M-Score is -3.27. Based on the distribution chart, PT Austindo Nusantara Jaya Tbk ranks #176 out of 1855 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Austindo Nusantara Jaya Tbk has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Austindo Nusantara Jaya Tbk's Beneish M-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, PT Austindo Nusantara Jaya Tbk ranks #176 out of 1855 companies for Beneish M-Score. This places PT Austindo Nusantara Jaya Tbk in the top 10% 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 PT Austindo Nusantara Jaya Tbk and its competitors. PT Austindo Nusantara Jaya Tbk's current Beneish M-Score is -3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Austindo Nusantara Jaya Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Austindo Nusantara Jaya Tbk (ISX:ANJT) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp946.12, compared to a current price of Rp1,495.00 — trading 58% above its estimated fair value. The current Beneish M-Score is -3.27. PT Austindo Nusantara Jaya Tbk's overall GF Score™ is 53/100 with 4 warning signs to review. 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 PT Austindo Nusantara Jaya Tbk (ISX:ANJT), the current Beneish M-Score is -3.27 as of Aug. 13, 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 PT Austindo Nusantara Jaya Tbk (ISX:ANJT) Overvalued in 2026?
Based on GuruFocus' analysis, PT Austindo Nusantara Jaya Tbk stock appears to be overvalued.
The current stock price of Rp1,495.00 is trading 58% above its estimated GF Value™ of Rp946.12.
GuruFocus considers PT Austindo Nusantara Jaya Tbk to be Significantly Overvalued.
Key valuation signals for ISX:ANJT:
Beneish M-Score: -3.27
GF Value™: Rp946.12 vs. price of Rp1,495.00 (58% above fair value)
No single metric tells the full story. See the ISX:ANJT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressLetnan Jenderal Siswondo Parman Street Kav. 28, APL Tower, 28th Floor, Tanjung Duren Selatan Subdistrict, Grogol Petamburan District, Jakarta, IDN, 11470
PT Austindo Nusantara Jaya Tbk business is mainly other management consulting activities, wholesale trading and palm oil plantations and processing industries. The Group operates across four main segments: Palm Oil, Vegetables (Edamame), Sago, and Renewable Energy. The Group is organized as one operating segment, i.e. oil palm plantation. Its products and services includes Crude Palm Oil (CPO), Palm Kernels (PK) and Palm Kernel Oil (PKO), Sago (Sapapua and Pati Alam brands), Vegetables (Edamame Edashiand Edanusa brands), and Renewable Energy from Palm Oil Mill Effluent (POME).
53GF Score
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