PT MNC Digital Entertainment Tbk (ISX:MSIN) Beneish M-Score: -2.48 (As of Aug. 19, 2026)

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ISX:MSIN PT MNC Digital Entertainment Tbk ISX:MSIN
80 GF Score
Price Rp350.00
GF Value Rp767.52
Valuation Significantly Undervalued
! 4 Warning Signs
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What is PT MNC Digital Entertainment Tbk Beneish M-Score?

PT MNC Digital Entertainment Tbk ISX:MSIN 80 Beneish M-Score is -2.48 as of Aug. 19, 2026. GuruFocus rates ISX:MSIN with a GF Score™ of 80/100 and a GF Value™ of Rp767.52 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 974 Media - Diversified companies, PT MNC Digital Entertainment Tbk ranks worse than 56.67% 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.

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 MNC Digital Entertainment Tbk's Beneish M-Score or its related term are showing as below:

ISX:MSIN' s Beneish M-Score Range Over the Past 10 Years
Min: -15.37   Med: -2.37   Max: 0.1
Current: -2.48

During the past 12 years, the highest Beneish M-Score of PT MNC Digital Entertainment Tbk was 0.10. The lowest was -15.37. And the median was -2.37.

PT MNC Digital Entertainment Tbk Beneish M-Score Historical Data

* Premium members only.

The historical data trend for PT MNC Digital Entertainment 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 MNC Digital Entertainment Tbk Beneish M-Score Chart

PT MNC Digital Entertainment Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.93 -3.75 -2.43 -1.96 -2.03

PT MNC Digital Entertainment Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.97 -1.79 -2.03 -2.11 -2.48

ISX:MSIN vs NFLX, DIS, WBD: Beneish M-Score Comparison

For the Entertainment subindustry, PT MNC Digital Entertainment 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 Digital Entertainment Tbk Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, PT MNC Digital Entertainment Tbk's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where PT MNC Digital Entertainment Tbk's Beneish M-Score falls into.


ISX:MSIN
80GF Score
PT MNC Digital Entertainment Tbk ISX:MSIN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT MNC Digital Entertainment 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 Digital Entertainment 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 * 0.9597+0.528 * 0.8922+0.404 * 0.981+0.892 * 1.1716+0.115 * 1.1857
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.4243+4.679 * 0.047689-0.327 * 1.6701
=-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.

This Year (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was Rp1,679,052 Mil.
Revenue was 937682 + 1065041 + 937189 + 1072649 = Rp4,012,561 Mil.
Gross Profit was 252412 + 276516 + 254546 + 375123 = Rp1,158,597 Mil.
Total Current Assets was Rp3,096,452 Mil.
Total Assets was Rp8,598,549 Mil.
Property, Plant and Equipment(Net PPE) was Rp1,731,048 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp262,653 Mil.
Selling, General, & Admin. Expense(SGA) was Rp219,634 Mil.
Total Current Liabilities was Rp1,042,070 Mil.
Long-Term Debt & Capital Lease Obligation was Rp232,057 Mil.
Net Income was 121870 + 162477 + 571543 + 162099 = Rp1,017,989 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = Rp0 Mil.
Cash Flow from Operations was 227933 + 8200 + 168733 + 203063 = Rp607,929 Mil.
 Total Receivables was Rp1,493,389 Mil.
Revenue was 919159 + 903799 + 935859 + 666062 = Rp3,424,879 Mil.
Gross Profit was 229010 + 240643 + 247063 + 165559 = Rp882,275 Mil.
Total Current Assets was Rp3,096,839 Mil.
Total Assets was Rp7,923,493 Mil.
Property, Plant and Equipment(Net PPE) was Rp1,284,489 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp237,792 Mil.
Selling, General, & Admin. Expense(SGA) was Rp131,624 Mil.
Total Current Liabilities was Rp548,181 Mil.
Long-Term Debt & Capital Lease Obligation was Rp154,825 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)
=(1679052 / 4012561) / (1493389 / 3424879)
=0.418449 / 0.436041
=0.9597

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)
=(882275 / 3424879) / (1158597 / 4012561)
=0.257608 / 0.288743
=0.8922

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 - (3096452 + 1731048) / 8598549) / (1 - (3096839 + 1284489) / 7923493)
=0.438568 / 0.447046
=0.981

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
=4012561 / 3424879
=1.1716

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))
=(237792 / (237792 + 1284489)) / (262653 / (262653 + 1731048))
=0.156208 / 0.131741
=1.1857

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)
=(219634 / 4012561) / (131624 / 3424879)
=0.054737 / 0.038432
=1.4243

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)
=((232057 + 1042070) / 8598549) / ((154825 + 548181) / 7923493)
=0.148179 / 0.088724
=1.6701

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
=(1017989 - 0 - 607929) / 8598549
=0.047689

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 Digital Entertainment Tbk has a M-score of -2.48 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.48 mean?
PT MNC Digital Entertainment Tbk (ISX:MSIN) has a Beneish M-Score of -2.48 as of Aug. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT MNC Digital Entertainment Tbk and its competitors. According to the industry distribution chart, PT MNC Digital Entertainment Tbk ranks #552 out of 974 companies in the Media - Diversified industry, placing it in the top 56.7%.
Is PT MNC Digital Entertainment Tbk's Beneish M-Score too high?
PT MNC Digital Entertainment Tbk's current Beneish M-Score is -2.48. Based on the distribution chart, PT MNC Digital Entertainment Tbk ranks #552 out of 974 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, PT MNC Digital Entertainment Tbk has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT MNC Digital Entertainment Tbk's Beneish M-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, PT MNC Digital Entertainment Tbk ranks #552 out of 974 companies for Beneish M-Score. This places PT MNC Digital Entertainment 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 Digital Entertainment Tbk and its competitors. PT MNC Digital Entertainment 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 MNC Digital Entertainment Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT MNC Digital Entertainment Tbk (ISX:MSIN) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp767.52, compared to a current price of Rp350.00 — trading 54.4% below its estimated fair value. The current Beneish M-Score is -2.48. PT MNC Digital Entertainment Tbk's overall GF Score™ is 80/100 with 4 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 Digital Entertainment Tbk (ISX:MSIN), the current Beneish M-Score is -2.48 as of Aug. 19, 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 Digital Entertainment Tbk (ISX:MSIN) Overvalued in 2026?

Based on GuruFocus' analysis, PT MNC Digital Entertainment Tbk stock appears to be undervalued. The current stock price of Rp350.00 is trading 54.4% below its estimated GF Value™ of Rp767.52. GuruFocus considers PT MNC Digital Entertainment Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MSIN:

  • Beneish M-Score: -2.48
  • GF Value™: Rp767.52 vs. price of Rp350.00 (54.4% below fair value)
  • GF Score™: 80/100 with 4 warning signs

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

PT MNC Digital Entertainment Tbk Business Description

Address Jalan Raya Pejuangan No. 1, 005/010, MNC Pictures Building, MNC Studios Complex, Kebon Jeruk, Jakarta Barat, Jakarta, IDN, 11530
PT MNC Digital Entertainment Tbk is a content provider in Indonesia, has its core business in producing, developing, and distributing content and intellectual properties across all existing media platforms. The company's main business is supported by its various business units engaged in media and entertainment activities, such as drama production houses, infotainment, reality shows, game shows, animation, films, original content, music labels, advertising agencies, content & IP licensing, talent management, social media, including multi-channel networks (MCN), OTT superapps, and online portals. The company's operating segments include Online advertising, Content, IP & Others, and Subscription. The company generates maximum revenue from the Content, IP & Others segment.
80GF Score

Get the complete analysis for ISX:MSIN

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

Rp350.00
Price
Rp767.52
GF Value