PT Cakra Buana Resources Energi Tbk (ISX:CBRE) Beneish M-Score: 1.07 (As of Jul. 05, 2026) — Near Median


ISX:CBRE PT Cakra Buana Resources Energi Tbk ISX:CBRE
25 GF Score
Price Rp700.00
GF Value Rp241.43
Valuation Significantly Overvalued
! 3 Warning Signs
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What is PT Cakra Buana Resources Energi Tbk Beneish M-Score?

PT Cakra Buana Resources Energi Tbk ISX:CBRE +0.72% 25 Beneish M-Score is 1.07 as of Jul. 05, 2026, which is at its 10-year median of 1.07. GuruFocus rates ISX:CBRE with a GF Score™ of 25/100 and a GF Value™ of Rp241.43 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 964 Transportation companies, PT Cakra Buana Resources Energi Tbk ranks worse than 96.37% on this metric.

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

The historical rank and industry rank for PT Cakra Buana Resources Energi Tbk's Beneish M-Score or its related term are showing as below:

ISX:CBRE' s Beneish M-Score Range Over the Past 10 Years
Min: 1.07   Med: 1.07   Max: 1.07
Current: 1.07

During the past 5 years, the highest Beneish M-Score of PT Cakra Buana Resources Energi Tbk was 1.07. The lowest was 1.07. And the median was 1.07.

PT Cakra Buana Resources Energi Tbk Beneish M-Score Historical Data

* Premium members only.

The historical data trend for PT Cakra Buana Resources Energi Tbk's Beneish M-Score can be seen below:

* 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 Cakra Buana Resources Energi Tbk Beneish M-Score Chart

PT Cakra Buana Resources Energi Tbk Annual Data
Trend Dec19 Dec20 Dec21 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00 0.00

PT Cakra Buana Resources Energi Tbk Quarterly Data
Dec19 Dec20 Dec21 Jun22 Dec24 Mar25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 1.07

PT Cakra Buana Resources Energi Tbk Beneish M-Score Competitor Comparison

For the Marine Shipping subindustry, PT Cakra Buana Resources Energi 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 Cakra Buana Resources Energi Tbk Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, PT Cakra Buana Resources Energi Tbk's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where PT Cakra Buana Resources Energi Tbk's Beneish M-Score falls into.


ISX:CBRE
25GF Score
PT Cakra Buana Resources Energi Tbk ISX:CBRE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Cakra Buana Resources Energi 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 Cakra Buana Resources Energi 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 * 1.5658+0.528 * -0.3662+0.404 * 0.0157+0.892 * 5.7253+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1779+4.679 * -0.0189-0.327 * 0.8377
=1.07

* 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 (Dec24) TTM:
Total Receivables was Rp72,791 Mil.
Revenue was 67351.18 + 26621.241 + 0 + 21688.975 = Rp115,661 Mil.
Gross Profit was 15202.245 + 7599.311 + 0 + 8747.812 = Rp31,549 Mil.
Total Current Assets was Rp88,845 Mil.
Total Assets was Rp2,024,817 Mil.
Property, Plant and Equipment(Net PPE) was Rp1,935,572 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp963 Mil.
Selling, General, & Admin. Expense(SGA) was Rp4,833 Mil.
Total Current Liabilities was Rp825,339 Mil.
Long-Term Debt & Capital Lease Obligation was Rp172,006 Mil.
Net Income was 6599.116 + -37515.099 + 0 + 1336.85 = Rp-29,579 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = Rp0 Mil.
Cash Flow from Operations was 6788.689 + 0 + 0 + 1901.628 = Rp8,690 Mil.
 Total Receivables was Rp8,119 Mil.
Revenue was 20201.686 + 0 + 0 + 0 = Rp20,202 Mil.
Gross Profit was -2017.791 + 0 + 0 + 0 = Rp-2,018 Mil.
Total Current Assets was Rp23,175 Mil.
Total Assets was Rp333,653 Mil.
Property, Plant and Equipment(Net PPE) was Rp306,264 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp0 Mil.
Selling, General, & Admin. Expense(SGA) was Rp717 Mil.
Total Current Liabilities was Rp68,813 Mil.
Long-Term Debt & Capital Lease Obligation was Rp127,381 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)
=(72790.747 / 115661.396) / (8119.424 / 20201.686)
=0.629343 / 0.401918
=1.5658

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)
=(-2017.791 / 20201.686) / (31549.368 / 115661.396)
=-0.099882 / 0.272774
=-0.3662

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 - (88844.95 + 1935572.403) / 2024817.353) / (1 - (23174.847 + 306264.114) / 333652.847)
=0.000198 / 0.01263
=0.0157

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
=115661.396 / 20201.686
=5.7253

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))
=(0 / (0 + 306264.114)) / (963.183 / (963.183 + 1935572.403))
=0 / 0.000497
=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

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)
=(4833.016 / 115661.396) / (716.66 / 20201.686)
=0.041786 / 0.035475
=1.1779

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)
=((172006.481 + 825339.354) / 2024817.353) / ((127380.509 + 68812.722) / 333652.847)
=0.492561 / 0.588016
=0.8377

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
=(-29579.133 - 0 - 8690.317) / 2024817.353
=-0.0189

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 Cakra Buana Resources Energi Tbk has a M-score of 1.07 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 1.07 mean?
PT Cakra Buana Resources Energi Tbk (ISX:CBRE) has a Beneish M-Score of 1.07 as of Jul. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Cakra Buana Resources Energi Tbk and its competitors. This is near median its historical median of 1.07. Over the past decade, PT Cakra Buana Resources Energi Tbk's Beneish M-Score has ranged from 1.07 to 1.07. According to the industry distribution chart, PT Cakra Buana Resources Energi Tbk ranks #929 out of 964 companies in the Transportation industry, placing it in the top 96.4%.
Is PT Cakra Buana Resources Energi Tbk's Beneish M-Score too high?
PT Cakra Buana Resources Energi Tbk's current Beneish M-Score of 1.07 is near median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 1.07. Based on the distribution chart, PT Cakra Buana Resources Energi Tbk ranks #929 out of 964 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, PT Cakra Buana Resources Energi Tbk has a GF Score™ of 25/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Cakra Buana Resources Energi Tbk's Beneish M-Score compare to competitors?
According to the Transportation industry distribution chart, PT Cakra Buana Resources Energi Tbk ranks #929 out of 964 companies for Beneish M-Score. This places PT Cakra Buana Resources Energi Tbk in the lower half of its industry. Historically, PT Cakra Buana Resources Energi Tbk's own Beneish M-Score has ranged from 1.07 to 1.07 over the past decade. 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Cakra Buana Resources Energi Tbk and its competitors. PT Cakra Buana Resources Energi Tbk's current Beneish M-Score is 1.07, which is near median its own 10-year median of 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Cakra Buana Resources Energi Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Cakra Buana Resources Energi Tbk (ISX:CBRE) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp241.43, compared to a current price of Rp700.00 — trading 189.9% above its estimated fair value. The current Beneish M-Score is 1.07, which is near median its 10-year median of 1.07. PT Cakra Buana Resources Energi Tbk's overall GF Score™ is 25/100 with 3 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 Cakra Buana Resources Energi Tbk (ISX:CBRE), the current Beneish M-Score is 1.07 as of Jul. 05, 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 Cakra Buana Resources Energi Tbk (ISX:CBRE) Overvalued in 2026?

Based on GuruFocus' analysis, PT Cakra Buana Resources Energi Tbk stock appears to be overvalued. The current stock price of Rp700.00 is trading 189.9% above its estimated GF Value™ of Rp241.43. GuruFocus considers PT Cakra Buana Resources Energi Tbk to be Significantly Overvalued.

Key valuation signals for ISX:CBRE:

  • Beneish M-Score: 1.07 (near median its 10-year median of 1.07)
  • GF Value™: Rp241.43 vs. price of Rp700.00 (189.9% above fair value)
  • GF Score™: 25/100 with 3 warning signs

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

PT Cakra Buana Resources Energi Tbk Business Description

Address Jlalan Jenderal Sudirman Kav.26, Sona Topas Tower Lt. 5A, Karet, Setiabudi District, Selatan, Jakarta, IDN, 10220
PT Cakra Buana Resources Energi Tbk is a shipping company. It runs sea transportation service activities based on time-based contracts (Time Charter), certain trip-based contracts (Freight Charter), and fleet management (Ship Management). The business activities include special goods transportation services such as mining goods, construction goods, heavy equipment, agricultural goods, and industrial goods.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp700.00
Price
Rp241.43
GF Value