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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 -3.27 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for PT Duta Pertiwi Tbk's Beneish M-Score or its related term are showing as below:
ISX:DUTI'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.61 Med: -2.28 Max: 0.31
Current: -3.27
During the past 13 years, the highest Beneish M-Score of PT Duta Pertiwi Tbk was 0.31. The lowest was -3.61. And the median was -2.28.
PT Duta Pertiwi Tbk Beneish M-Score Historical Data
* Premium members only.
The historical data trend for PT Duta Pertiwi 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.
For the Real Estate - Development subindustry, PT Duta Pertiwi 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 Duta Pertiwi Tbk Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PT Duta Pertiwi Tbk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PT Duta Pertiwi Tbk's Beneish M-Score falls into.
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 Duta Pertiwi 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 * 0.32
+
0.528 * 0.8957
+
0.404 * 1.0062
+
0.892 * 0.898
+
0.115 * 0.9023
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9872
+
4.679 * 0.035113
-
0.327 * 1.5502
=
-3.27
* 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))
=
(19504.627 / (19504.627 + 221183.527))
/
(20079.646 / (20079.646 + 203494.118))
=
0.081037
/
0.089812
=
0.9023
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
=
(630514.353 - 0
-
38872.76)
/
16849864.469
=
0.035113
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 Duta Pertiwi Tbk has a M-score of -3.27 suggests that the company is unlikely to be a manipulator.
PT Duta Pertiwi Tbk (ISX:DUTI) has a Beneish M-Score of -3.27 as of Aug. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Duta Pertiwi Tbk and its competitors. According to the industry distribution chart, PT Duta Pertiwi Tbk ranks #171 out of 1679 companies in the Real Estate industry, placing it in the top 10.2%.
Is PT Duta Pertiwi Tbk's Beneish M-Score too high?
PT Duta Pertiwi Tbk's current Beneish M-Score is -3.27. Based on the distribution chart, PT Duta Pertiwi Tbk ranks #171 out of 1679 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, PT Duta Pertiwi Tbk has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Duta Pertiwi Tbk's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, PT Duta Pertiwi Tbk ranks #171 out of 1679 companies for Beneish M-Score. This places PT Duta Pertiwi Tbk in the top 10% of its industry — outperforming the majority of peers. 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Duta Pertiwi Tbk and its competitors. PT Duta Pertiwi Tbk's current Beneish M-Score is -3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Duta Pertiwi Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Duta Pertiwi Tbk (ISX:DUTI) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp3,547.60, compared to a current price of Rp4,300.00 — trading 21.2% above its estimated fair value. The current Beneish M-Score is -3.27. PT Duta Pertiwi Tbk's overall GF Score™ is 83/100 with 8 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 Duta Pertiwi Tbk (ISX:DUTI), the current Beneish M-Score is -3.27 as of Aug. 11, 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 Duta Pertiwi Tbk (ISX:DUTI) Overvalued in 2026?
Based on GuruFocus' analysis, PT Duta Pertiwi Tbk stock appears to be overvalued.
The current stock price of Rp4,300.00 is trading 21.2% above its estimated GF Value™ of Rp3,547.60.
GuruFocus considers PT Duta Pertiwi Tbk to be Modestly Overvalued.
Key valuation signals for ISX:DUTI:
Beneish M-Score: -3.27
GF Value™: Rp3,547.60 vs. price of Rp4,300.00 (21.2% above fair value)
No single metric tells the full story. See the ISX:DUTI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Duta Pertiwi Tbk is a prominent property developer with a diverse product portfolio that encompasses townships, residential, commercial spaces, office buildings and recreational arenas across three cities in Indonesia. Additionally, the company has successfully developed commercial areas under the renowned ITC brand. Its business units consist of residential, commercial, asset management, retail, and hospitality. Its segments include Real Estate, Property and Hotel. The majority of the revenue is derived from the Real Estate segment.
83GF Score
Get the complete analysis for ISX:DUTI
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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