PT Allo Bank Indonesia Tbk (ISX:BBHI) Beneish M-Score: -0.90 (As of Jul. 03, 2026)


ISX:BBHI PT Allo Bank Indonesia Tbk ISX:BBHI
63 GF Score
Price Rp930.00
GF Value Rp1,765.01
Valuation Possible Value Trap
! 2 Warning Signs
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What is PT Allo Bank Indonesia Tbk Beneish M-Score?

PT Allo Bank Indonesia Tbk ISX:BBHI 63 Beneish M-Score is -0.90 as of Jul. 03, 2026. GuruFocus rates ISX:BBHI with a GF Score™ of 63/100 and a GF Value™ of Rp1,765.01 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,397 Banks companies, PT Allo Bank Indonesia Tbk ranks worse than 97.64% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -0.9 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for PT Allo Bank Indonesia Tbk's Beneish M-Score or its related term are showing as below:

ISX:BBHI' s Beneish M-Score Range Over the Past 10 Years
Min: -2.83   Med: -2.21   Max: 0.34
Current: -0.9

During the past 11 years, the highest Beneish M-Score of PT Allo Bank Indonesia Tbk was 0.34. The lowest was -2.83. And the median was -2.21.

ISX:BBHI
63GF Score
PT Allo Bank Indonesia Tbk ISX:BBHI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Allo Bank Indonesia 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 Allo Bank Indonesia 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+0.528 * 1+0.404 * 1.0059+0.892 * 1.3495+0.115 * 0.7541
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7796+4.679 * 0.234483-0.327 * 0.5016
=-0.90

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was Rp0 Mil.
Revenue was 489837.216 + 606651.449 + 530080.971 + 442674.965 = Rp2,069,245 Mil.
Gross Profit was 489837.216 + 606651.449 + 530080.971 + 442674.965 = Rp2,069,245 Mil.
Total Current Assets was Rp0 Mil.
Total Assets was Rp14,790,527 Mil.
Property, Plant and Equipment(Net PPE) was Rp205,735 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp78,986 Mil.
Selling, General, & Admin. Expense(SGA) was Rp541,742 Mil.
Total Current Liabilities was Rp0 Mil.
Long-Term Debt & Capital Lease Obligation was Rp11,651 Mil.
Net Income was 104062.238 + 194383.599 + 152806.51 + 114531.866 = Rp565,784 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = Rp0 Mil.
Cash Flow from Operations was -5884413.309 + 1900386.285 + 511087.359 + 570591.157 = Rp-2,902,349 Mil.
 Total Receivables was Rp0 Mil.
Revenue was 389388.985 + 463680.809 + 366356.404 + 313929.08 = Rp1,533,355 Mil.
Gross Profit was 389388.985 + 463680.809 + 366356.404 + 313929.08 = Rp1,533,355 Mil.
Total Current Assets was Rp0 Mil.
Total Assets was Rp13,264,575 Mil.
Property, Plant and Equipment(Net PPE) was Rp261,494 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp69,181 Mil.
Selling, General, & Admin. Expense(SGA) was Rp514,915 Mil.
Total Current Liabilities was Rp0 Mil.
Long-Term Debt & Capital Lease Obligation was Rp20,840 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(0 / 2069244.601) / (0 / 1533355.278)
=0 / 0
=1

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(1533355.278 / 1533355.278) / (2069244.601 / 2069244.601)
=1 / 1
=1

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (0 + 205734.531) / 14790527.489) / (1 - (0 + 261493.607) / 13264575.211)
=0.98609 / 0.980286
=1.0059

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=2069244.601 / 1533355.278
=1.3495

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
=(69181.028 / (69181.028 + 261493.607)) / (78985.858 / (78985.858 + 205734.531))
=0.209212 / 0.277416
=0.7541

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(541741.958 / 2069244.601) / (514915.211 / 1533355.278)
=0.261807 / 0.335809
=0.7796

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((11651.008 + 0) / 14790527.489) / ((20839.884 + 0) / 13264575.211)
=0.000788 / 0.001571
=0.5016

8. TATA = Total Accruals to Total Assets

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
=(565784.213 - 0 - -2902348.508) / 14790527.489
=0.234483

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 Allo Bank Indonesia Tbk has a M-score of -0.90 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -0.90 mean?
PT Allo Bank Indonesia Tbk (ISX:BBHI) has a Beneish M-Score of -0.90 as of Jul. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Allo Bank Indonesia Tbk and its competitors. According to the industry distribution chart, PT Allo Bank Indonesia Tbk ranks #1364 out of 1397 companies in the Banks industry, placing it in the top 97.6%.
Is PT Allo Bank Indonesia Tbk's Beneish M-Score too high?
PT Allo Bank Indonesia Tbk's current Beneish M-Score is -0.90. Based on the distribution chart, PT Allo Bank Indonesia Tbk ranks #1364 out of 1397 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, PT Allo Bank Indonesia Tbk has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Allo Bank Indonesia Tbk's Beneish M-Score compare to competitors?
According to the Banks industry distribution chart, PT Allo Bank Indonesia Tbk ranks #1364 out of 1397 companies for Beneish M-Score. This places PT Allo Bank Indonesia 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Allo Bank Indonesia Tbk and its competitors. PT Allo Bank Indonesia Tbk's current Beneish M-Score is -0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Allo Bank Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Allo Bank Indonesia Tbk (ISX:BBHI) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,765.01, compared to a current price of Rp930.00 — trading 47.3% below its estimated fair value. The current Beneish M-Score is -0.90. PT Allo Bank Indonesia Tbk's overall GF Score™ is 63/100 with 2 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 Allo Bank Indonesia Tbk (ISX:BBHI), the current Beneish M-Score is -0.90 as of Jul. 03, 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 Allo Bank Indonesia Tbk (ISX:BBHI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Allo Bank Indonesia Tbk stock appears to be undervalued. The current stock price of Rp930.00 is trading 47.3% below its estimated GF Value™ of Rp1,765.01. GuruFocus considers PT Allo Bank Indonesia Tbk to be Possible Value Trap.

Key valuation signals for ISX:BBHI:

  • Beneish M-Score: -0.90
  • GF Value™: Rp1,765.01 vs. price of Rp930.00 (47.3% below fair value)
  • GF Score™: 63/100 with 2 warning signs

No single metric tells the full story. See the ISX:BBHI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

PT Allo Bank Indonesia Tbk Business Description

Address Jalan Kapten P. Tendean No.12-14A, Menara Bank Mega, 5th-6th Floors, South Jakarta, Jakarta, IDN, 12790
PT Allo Bank Indonesia Tbk is engaged in providing banking products. Its products and services are Electronic money products with Allo Pay and Allo Pay+ branding, Savings products include Allo Prime and Allo Grow, Time Deposits, Digital credit with PayLater and Instant Cash branding, Fund Transfer Services, cardless cash withdrawals, electronic money top-ups, QRIS payments, biller payment services and loyalty programs in the form of Membership, Points, and Coupons (MPC). It operates through the Corporate segment, Retail segment, and Treasury segment. Its Corporate segment generates maximum revenue for the company.
63GF Score

Get the complete analysis for ISX:BBHI

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp930.00
Price
Rp1,765.01
GF Value