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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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for PT MNC Asia Holding Tbk's Beneish M-Score or its related term are showing as below:
ISX:BHIT'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.01 Med: -2.64 Max: -2.23
Current: -2.53
During the past 13 years, the highest Beneish M-Score of PT MNC Asia Holding Tbk was -2.23. The lowest was -3.01. And the median was -2.64.
PT MNC Asia Holding Tbk Beneish M-Score Related Terms
PT MNC Asia Holding Tbk Beneish M-Score Historical Data
* 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:BHIT vs NFLX, DIS, WBD: Beneish M-Score Comparison
For the Entertainment subindustry, PT MNC Asia Holding 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 MNC Asia Holding Tbk Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, PT MNC Asia Holding Tbk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PT MNC Asia Holding Tbk's Beneish M-Score falls into.
PT MNC Asia Holding 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 MNC Asia Holding 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 * 1.1324
+
0.528 * 0.9661
+
0.404 * 1.0618
+
0.892 * 0.9348
+
0.115 * 0.8815
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0336
+
4.679 * -0.020615
-
0.327 * 1.0217
=
-2.53
* 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))
=
(477206 / (477206 + 16222913))
/
(462400 / (462400 + 13802662))
=
0.028575
/
0.032415
=
0.8815
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
=
(491397 - 0
-
2060722)
/
76125747
=
-0.020615
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 MNC Asia Holding Tbk has a M-score of -2.53 suggests that the company is unlikely to be a manipulator.
PT MNC Asia Holding Tbk (ISX:BHIT) has a Beneish M-Score of -2.53 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT MNC Asia Holding Tbk and its competitors. According to the industry distribution chart, PT MNC Asia Holding Tbk ranks #516 out of 976 companies in the Media - Diversified industry, placing it in the top 52.9%.
Is PT MNC Asia Holding Tbk's Beneish M-Score too high?
PT MNC Asia Holding Tbk's current Beneish M-Score is -2.53. Based on the distribution chart, PT MNC Asia Holding Tbk ranks #516 out of 976 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, PT MNC Asia Holding Tbk has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT MNC Asia Holding Tbk's Beneish M-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, PT MNC Asia Holding Tbk ranks #516 out of 976 companies for Beneish M-Score. This places PT MNC Asia Holding 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 MNC Asia Holding Tbk and its competitors. PT MNC Asia Holding Tbk's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT MNC Asia Holding Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT MNC Asia Holding Tbk (ISX:BHIT) is currently considered Possible Value Trap. The stock's GF Value™ is Rp37.29, compared to a current price of Rp25.00 — trading 33% below its estimated fair value. The current Beneish M-Score is -2.53. PT MNC Asia Holding Tbk's overall GF Score™ is 66/100 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 MNC Asia Holding Tbk (ISX:BHIT), the current Beneish M-Score is -2.53 as of Jul. 14, 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 MNC Asia Holding Tbk (ISX:BHIT) Overvalued in 2026?
Based on GuruFocus' analysis, PT MNC Asia Holding Tbk stock appears to be undervalued.
The current stock price of Rp25.00 is trading 33% below its estimated GF Value™ of Rp37.29.
GuruFocus considers PT MNC Asia Holding Tbk to be Possible Value Trap.
Key valuation signals for ISX:BHIT:
Beneish M-Score: -2.53
GF Value™: Rp37.29 vs. price of Rp25.00 (33% below fair value)
No single metric tells the full story. See the ISX:BHIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressJalan Kebon Sirih Timur Kav. 21-27, MNC Bank Tower, MNC Center, 21st Floor, RT.15/RW.7, Kota Jakarta Pusat, Gambir, Kec. Menteng, Daerah Khusus Ibukota Jakarta, Jakarta, IDN, 10340
PT MNC Asia Holding Tbk is an integrated investment group with a strategic portfolio across the media and entertainment, financial services, and tourism and hospitality sectors. The Group's operating segments are: Financing and securities, Bank financial institution, Advertising and content, Pay TV and Broadband, Mining, and Others. The majority of its revenue is derived from the Advertising and content segment, which represents income generated from the Group's advertising and content-based media businesses, including direct-to-home pay TV services, operation of media networks, content production and distribution, and offering digital and OTT streaming services, among other related business activities.
66GF Score
Get the complete analysis for ISX:BHIT
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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