PT Metrodata Electronics Tbk (ISX:MTDL) Beneish M-Score: -1.66 (As of Aug. 03, 2026)

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ISX:MTDL PT Metrodata Electronics Tbk ISX:MTDL
83 GF Score
Price Rp510.00
GF Value Rp696.86
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is PT Metrodata Electronics Tbk Beneish M-Score?

PT Metrodata Electronics Tbk ISX:MTDL -1.94% 83 Beneish M-Score is -1.66 as of Aug. 03, 2026. GuruFocus rates ISX:MTDL with a GF Score™ of 83/100 and a GF Value™ of Rp696.86 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,400 Hardware companies, PT Metrodata Electronics Tbk ranks worse than 85.96% 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 -1.66 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for PT Metrodata Electronics Tbk's Beneish M-Score or its related term are showing as below:

ISX:MTDL' s Beneish M-Score Range Over the Past 10 Years
Min: -6.67   Med: -2.22   Max: -0.99
Current: -1.66

During the past 13 years, the highest Beneish M-Score of PT Metrodata Electronics Tbk was -0.99. The lowest was -6.67. And the median was -2.22.


PT Metrodata Electronics Tbk Beneish M-Score Historical Data

* Premium members only.

The historical data trend for PT Metrodata Electronics 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 Metrodata Electronics Tbk Beneish M-Score Chart

PT Metrodata Electronics 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 -1.91 -2.08 -1.81 -2.07 -1.95

PT Metrodata Electronics 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 -1.76 -1.89 -1.95 -1.66 0.00

ISX:MTDL vs SNX, ARW, AVT: Beneish M-Score Comparison

For the Electronics & Computer Distribution subindustry, PT Metrodata Electronics 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 Metrodata Electronics Tbk Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, PT Metrodata Electronics Tbk's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where PT Metrodata Electronics Tbk's Beneish M-Score falls into.


ISX:MTDL
83GF Score
PT Metrodata Electronics Tbk ISX:MTDL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Metrodata Electronics 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 Metrodata Electronics 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 * 1.0356+0.528 * 1.0357+0.404 * 1.0701+0.892 * 1.1065+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.166659-0.327 * 1.1295
=-1.57

* 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 Rp4,861,389 Mil.
Revenue was 6919075 + 6711485 + 8371986 + 7129815 = Rp29,132,361 Mil.
Gross Profit was 524938 + 510159 + 822553 + 521210 = Rp2,378,860 Mil.
Total Current Assets was Rp14,135,267 Mil.
Total Assets was Rp15,284,097 Mil.
Property, Plant and Equipment(Net PPE) was Rp383,816 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp0 Mil.
Selling, General, & Admin. Expense(SGA) was Rp0 Mil.
Total Current Liabilities was Rp8,511,547 Mil.
Long-Term Debt & Capital Lease Obligation was Rp109,013 Mil.
Net Income was 154788 + 158926 + 344378 + 175317 = Rp833,409 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = Rp0 Mil.
Cash Flow from Operations was -1193512 + -1058554 + 580128 + -41888 = Rp-1,713,826 Mil.
Total Receivables was Rp4,242,353 Mil.
Revenue was 6148467 + 5527491 + 7901546 + 6750082 = Rp26,327,586 Mil.
Gross Profit was 452630 + 436151 + 792799 + 544951 = Rp2,226,531 Mil.
Total Current Assets was Rp10,962,165 Mil.
Total Assets was Rp11,926,236 Mil.
Property, Plant and Equipment(Net PPE) was Rp406,217 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp0 Mil.
Selling, General, & Admin. Expense(SGA) was Rp0 Mil.
Total Current Liabilities was Rp5,916,078 Mil.
Long-Term Debt & Capital Lease Obligation was Rp39,322 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)
=(4861389 / 29132361) / (4242353 / 26327586)
=0.166872 / 0.161137
=1.0356

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)
=(2226531 / 26327586) / (2378860 / 29132361)
=0.08457 / 0.081657
=1.0357

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 - (14135267 + 383816) / 15284097) / (1 - (10962165 + 406217) / 11926236)
=0.050053 / 0.046775
=1.0701

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
=29132361 / 26327586
=1.1065

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 + 406217)) / (0 / (0 + 383816))
=0 / 0
=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)
=(0 / 29132361) / (0 / 26327586)
=0 / 0
=1

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)
=((109013 + 8511547) / 15284097) / ((39322 + 5916078) / 11926236)
=0.564022 / 0.499353
=1.1295

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
=(833409 - 0 - -1713826) / 15284097
=0.166659

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 Metrodata Electronics Tbk has a M-score of -1.57 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 -1.66 mean?
PT Metrodata Electronics Tbk (ISX:MTDL) has a Beneish M-Score of -1.66 as of Aug. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Metrodata Electronics Tbk and its competitors. According to the industry distribution chart, PT Metrodata Electronics Tbk ranks #2063 out of 2400 companies in the Hardware industry, placing it in the top 86%.
Is PT Metrodata Electronics Tbk's Beneish M-Score too high?
PT Metrodata Electronics Tbk's current Beneish M-Score is -1.66. Based on the distribution chart, PT Metrodata Electronics Tbk ranks #2063 out of 2400 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, PT Metrodata Electronics Tbk has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Metrodata Electronics Tbk's Beneish M-Score compare to SNX and ARW?
According to the Hardware industry distribution chart, PT Metrodata Electronics Tbk ranks #2063 out of 2400 companies for Beneish M-Score. This places PT Metrodata Electronics 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Metrodata Electronics Tbk and its competitors. PT Metrodata Electronics Tbk's current Beneish M-Score is -1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Metrodata Electronics Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Metrodata Electronics Tbk (ISX:MTDL) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp696.86, compared to a current price of Rp510.00 — trading 26.8% below its estimated fair value. The current Beneish M-Score is -1.66. PT Metrodata Electronics Tbk's overall GF Score™ is 83/100 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 Metrodata Electronics Tbk (ISX:MTDL), the current Beneish M-Score is -1.66 as of Aug. 03, 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 Metrodata Electronics Tbk (ISX:MTDL) Overvalued in 2026?

Based on GuruFocus' analysis, PT Metrodata Electronics Tbk stock appears to be undervalued. The current stock price of Rp510.00 is trading 26.8% below its estimated GF Value™ of Rp696.86. GuruFocus considers PT Metrodata Electronics Tbk to be Modestly Undervalued.

Key valuation signals for ISX:MTDL:

  • Beneish M-Score: -1.66
  • GF Value™: Rp696.86 vs. price of Rp510.00 (26.8% below fair value)
  • GF Score™: 83/100 with 4 warning signs

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


PT Metrodata Electronics Tbk Business Description

Address Jalan Letjen S. Parman Kav. 28, Suite 3, APL Tower, 37th Floor, Jakarta, IDN, 11470
PT Metrodata Electronics Tbk is an Indonesian company engaged in the Information Communication and Technology (ICT) business. Its operating segments are: Distribution, and Solution, and Consultation. The Distribution segment, which generates maximum revenue, includes the sale of hardware and software, basic peripherals such as data storage devices, terminals, memory, and peripherals. The Solution and consultation segment includes maintenance service, hardware, and software rental, sale of hardware, system management software, middleware, serverware, and system-level software, professional service for consultation, implementation, and training, and sale of software.
83GF Score

Get the complete analysis for ISX:MTDL

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

Rp510.00
Price
Rp696.86
GF Value