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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 -2.48 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for PT Eagle High Plantations Tbk's Beneish M-Score or its related term are showing as below:
ISX:BWPT'
s Beneish M-Score Range Over the Past 10 Years
Min: -9.47 Med: -2.59 Max: 25.47
Current: -2.48
During the past 13 years, the highest Beneish M-Score of PT Eagle High Plantations Tbk was 25.47. The lowest was -9.47. And the median was -2.59.
PT Eagle High Plantations Tbk Beneish M-Score Related Terms
PT Eagle High Plantations 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.
PT Eagle High Plantations Tbk Beneish M-Score Chart
For the Packaged Foods subindustry, PT Eagle High Plantations 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 Eagle High Plantations Tbk Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Eagle High Plantations Tbk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PT Eagle High Plantations Tbk's Beneish M-Score falls into.
PT Eagle High Plantations 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 Eagle High Plantations 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 * 0.7964
+
0.528 * 1.0735
+
0.404 * 1.9497
+
0.892 * 1.2631
+
0.115 * 0.5202
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.204
+
4.679 * -0.082525
-
0.327 * 0.9665
=
-2.48
* 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))
=
(9989 / (9989 + 5868605))
/
(11088 / (11088 + 3383653))
=
0.001699
/
0.003266
=
0.5202
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
=
(369386 - 0
-
1201729)
/
10085928
=
-0.082525
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 Eagle High Plantations Tbk has a M-score of -2.48 suggests that the company is unlikely to be a manipulator.
PT Eagle High Plantations Tbk (ISX:BWPT) has a Beneish M-Score of -2.48 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Eagle High Plantations Tbk and its competitors. According to the industry distribution chart, PT Eagle High Plantations Tbk ranks #995 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 53.8%.
Is PT Eagle High Plantations Tbk's Beneish M-Score too high?
PT Eagle High Plantations Tbk's current Beneish M-Score is -2.48. Based on the distribution chart, PT Eagle High Plantations Tbk ranks #995 out of 1851 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, PT Eagle High Plantations Tbk has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Eagle High Plantations Tbk's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PT Eagle High Plantations Tbk ranks #995 out of 1851 companies for Beneish M-Score. This places PT Eagle High Plantations 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 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 Eagle High Plantations Tbk and its competitors. PT Eagle High Plantations Tbk's current Beneish M-Score is -2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Eagle High Plantations Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Eagle High Plantations Tbk (ISX:BWPT) is currently considered Fairly Valued. The stock's GF Value™ is Rp81.60, compared to a current price of Rp77.00 — trading 5.6% below its estimated fair value. The current Beneish M-Score is -2.48. PT Eagle High Plantations Tbk's overall GF Score™ is 68/100 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 Eagle High Plantations Tbk (ISX:BWPT), the current Beneish M-Score is -2.48 as of Jul. 16, 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 Eagle High Plantations Tbk (ISX:BWPT) Overvalued in 2026?
Based on GuruFocus' analysis, PT Eagle High Plantations Tbk stock appears to be undervalued.
The current stock price of Rp77.00 is trading 5.6% below its estimated GF Value™ of Rp81.60.
GuruFocus considers PT Eagle High Plantations Tbk to be Fairly Valued.
Key valuation signals for ISX:BWPT:
Beneish M-Score: -2.48
GF Value™: Rp81.60 vs. price of Rp77.00 (5.6% below fair value)
No single metric tells the full story. See the ISX:BWPT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Eagle High Plantations Tbk Business Description
PT Eagle High Plantations Tbk is engaged in manufacturing, agricultural activities, and wholesale and retail trade. The Company and its subsidiaries conduct operations in Indonesia and Singapore. The scope of the activities of the Group mainly comprises plantation development, processing, and trading of plantation products. It currently engages in palm plantation, and its products consist of palm products such as crude palm oil, palm kernel, crude palm kernel oil, and wholesale trade of vegetable oils and fats. The Group has two operating segments, namely, plantations and manufacturing. Its geographical segments are Sumatera, Kalimantan, and Papua.
68GF Score
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