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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.
Warning Sign:
Beneish M-Score -1.7 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for PT Bali Towerindo Sentra Tbk's Beneish M-Score or its related term are showing as below:
ISX:BALI'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.25 Med: -2.79 Max: 0.47
Current: -1.7
During the past 13 years, the highest Beneish M-Score of PT Bali Towerindo Sentra Tbk was 0.47. The lowest was -3.25. And the median was -2.79.
* 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.
PT Bali Towerindo Sentra Tbk Beneish M-Score Chart
ISX:BALI vs VZ, TMUS, T: Beneish M-Score Comparison
For the Telecom Services subindustry, PT Bali Towerindo Sentra 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 Bali Towerindo Sentra Tbk Beneish M-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, PT Bali Towerindo Sentra Tbk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PT Bali Towerindo Sentra Tbk's Beneish M-Score falls into.
PT Bali Towerindo Sentra Tbk Beneish M-Score Calculation
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 Bali Towerindo Sentra 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 * 1.2894
+
0.528 * 1.0298
+
0.404 * 3.1826
+
0.892 * 1.0771
+
0.115 * 0.877
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1933
+
4.679 * -0.08205
-
0.327 * 1.0509
=
-1.70
* 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))
=
(16885.272 / (16885.272 + 5492113.184))
/
(19120.915 / (19120.915 + 5452590.882))
=
0.003065
/
0.003495
=
0.877
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
=
(178864.162 - 0
-
708376.88)
/
6453574.676
=
-0.08205
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 Bali Towerindo Sentra Tbk has a M-score of -1.70 signals that the company is likely to be a manipulator.
PT Bali Towerindo Sentra Tbk (ISX:BALI) has a Beneish M-Score of -1.70 as of Sep. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Bali Towerindo Sentra Tbk and its competitors. According to the industry distribution chart, PT Bali Towerindo Sentra Tbk ranks #325 out of 360 companies in the Telecommunication Services industry, placing it in the top 90.3%.
Is PT Bali Towerindo Sentra Tbk's Beneish M-Score too high?
PT Bali Towerindo Sentra Tbk's current Beneish M-Score is -1.70. Based on the distribution chart, PT Bali Towerindo Sentra Tbk ranks #325 out of 360 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, PT Bali Towerindo Sentra Tbk has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Bali Towerindo Sentra Tbk's Beneish M-Score compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, PT Bali Towerindo Sentra Tbk ranks #325 out of 360 companies for Beneish M-Score. This places PT Bali Towerindo Sentra Tbk in the lower half of its industry. 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 Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication Services 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 Bali Towerindo Sentra Tbk and its competitors. PT Bali Towerindo Sentra Tbk's current Beneish M-Score is -1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bali Towerindo Sentra Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bali Towerindo Sentra Tbk (ISX:BALI) is currently considered Fairly Valued. The stock's GF Value™ is Rp1,369.15, compared to a current price of Rp1,425.00 — trading 4.1% above its estimated fair value. The current Beneish M-Score is -1.70. PT Bali Towerindo Sentra Tbk's overall GF Score™ is 78/100 with 5 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 Bali Towerindo Sentra Tbk (ISX:BALI), the current Beneish M-Score is -1.70 as of Sep. 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 Bali Towerindo Sentra Tbk (ISX:BALI) Overvalued in 2026?
Based on GuruFocus' analysis, PT Bali Towerindo Sentra Tbk stock appears to be overvalued.
The current stock price of Rp1,425.00 is trading 4.1% above its estimated GF Value™ of Rp1,369.15.
GuruFocus considers PT Bali Towerindo Sentra Tbk to be Fairly Valued.
Key valuation signals for ISX:BALI:
Beneish M-Score: -1.70
GF Value™: Rp1,369.15 vs. price of Rp1,425.00 (4.1% above fair value)
No single metric tells the full story. See the ISX:BALI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Bali Towerindo Sentra Tbk is a provider of telecommunication tower leasing and transmission network services in Bali Province and is expanding outside Bali Province by building Microcell Poles in several cities in Indonesia. Its supporting business activity is management and human resources development consultancy services, telecommunication services, information technology services, and services for the installation of telecommunication devices. The company operates in two business segments, which include Cellular that includes tower leasing, transmission/bandwidth leasing, and operations & maintenance (O&M), covering electricity and backup power activities, and Non-cellular, which offers residential, corporate, and government Fiber-to-the-X (FTTX) products under the brand Balifiber.
78GF Score
Get the complete analysis for ISX:BALI
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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