PT Pool Advista Finance Tbk (ISX:POLA) Beneish M-Score: 0.00 (As of Aug. 11, 2026)

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ISX:POLA PT Pool Advista Finance Tbk ISX:POLA
66 GF Score
Price Rp59.00
GF Value Rp27.85
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is PT Pool Advista Finance Tbk Beneish M-Score?

PT Pool Advista Finance Tbk ISX:POLA +1.72% 66 Beneish M-Score is 0.00 as of Aug. 11, 2026. GuruFocus rates ISX:POLA with a GF Score™ of 66/100 and a GF Value™ of Rp27.85 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 488 Credit Services companies, PT Pool Advista Finance Tbk ranks worse than 204917.83% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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.

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

During the past 9 years, the highest Beneish M-Score of PT Pool Advista Finance Tbk was -0.95. The lowest was -5.21. And the median was -2.57.

ISX:POLA
66GF Score
PT Pool Advista Finance Tbk ISX:POLA
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Pool Advista Finance 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 Pool Advista Finance 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 Rp0 Mil.
Revenue was 3691.11 + 3380.121 + 2437.273 + 6396.985 = Rp15,905 Mil.
Gross Profit was 3691.11 + 3380.121 + 2437.273 + 6396.985 = Rp15,905 Mil.
Total Current Assets was Rp0 Mil.
Total Assets was Rp230,147 Mil.
Property, Plant and Equipment(Net PPE) was Rp43,668 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp1,035 Mil.
Selling, General, & Admin. Expense(SGA) was Rp3,825 Mil.
Total Current Liabilities was Rp0 Mil.
Long-Term Debt & Capital Lease Obligation was Rp0 Mil.
Net Income was 758.965 + 864.295 + -2275.341 + 6298.504 = Rp5,646 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = Rp0 Mil.
Cash Flow from Operations was 26568.583 + 3214.5 + 8484.47 + 29011.106 = Rp67,279 Mil.
 Total Receivables was Rp0 Mil.
Revenue was 5932.077 + 6740.287 + 424.425 + 5432.701 = Rp18,529 Mil.
Gross Profit was 5932.077 + 6740.287 + 424.425 + 5432.701 = Rp18,529 Mil.
Total Current Assets was Rp0 Mil.
Total Assets was Rp213,773 Mil.
Property, Plant and Equipment(Net PPE) was Rp32,124 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp324 Mil.
Selling, General, & Admin. Expense(SGA) was Rp3,822 Mil.
Total Current Liabilities was Rp0 Mil.
Long-Term Debt & Capital Lease Obligation was Rp0 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)
=(0 / 15905.489) / (0 / 18529.49)
=0 / 0
=

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)
=(18529.49 / 18529.49) / (15905.489 / 15905.489)
=1 / 1
=

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 - (0 + 43668.162) / 230147.311) / (1 - (0 + 32123.841) / 213773.155)
=0.81026 / 0.849729
=

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
=15905.489 / 18529.49
=

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))
=(323.765 / (323.765 + 32123.841)) / (1035.011 / (1035.011 + 43668.162))
=0.009978 / 0.023153
=

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)
=(3824.659 / 15905.489) / (3821.54 / 18529.49)
=0.240462 / 0.206241
=

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)
=((0 + 0) / 230147.311) / ((0 + 0) / 213773.155)
=0 / 0
=

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
=(5646.423 - 0 - 67278.659) / 230147.311
=-0.267795

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
PT Pool Advista Finance Tbk (ISX:POLA) has a Beneish M-Score of 0.00 as of Aug. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Pool Advista Finance Tbk and its competitors. According to the industry distribution chart, PT Pool Advista Finance Tbk ranks #999999 out of 488 companies in the Credit Services industry.
Is PT Pool Advista Finance Tbk's Beneish M-Score too high?
PT Pool Advista Finance Tbk's current Beneish M-Score is 0.00. Based on the distribution chart, PT Pool Advista Finance Tbk ranks #999999 out of 488 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, PT Pool Advista Finance Tbk has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Pool Advista Finance Tbk's Beneish M-Score compare to V and MA?
According to the Credit Services industry distribution chart, PT Pool Advista Finance Tbk ranks #999999 out of 488 companies for Beneish M-Score. This places PT Pool Advista Finance 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 Credit Services company?
A good Beneish M-Score depends on the Credit Services 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 Pool Advista Finance Tbk and its competitors. PT Pool Advista Finance Tbk's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pool Advista Finance Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Pool Advista Finance Tbk (ISX:POLA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp27.85, compared to a current price of Rp59.00 — trading 111.8% above its estimated fair value. The current Beneish M-Score is 0.00. PT Pool Advista Finance Tbk's overall GF Score™ is 66/100 with 1 warning sign 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 Pool Advista Finance Tbk (ISX:POLA), the current Beneish M-Score is 0.00 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 Pool Advista Finance Tbk (ISX:POLA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Pool Advista Finance Tbk stock appears to be overvalued. The current stock price of Rp59.00 is trading 111.8% above its estimated GF Value™ of Rp27.85. GuruFocus considers PT Pool Advista Finance Tbk to be Significantly Overvalued.

Key valuation signals for ISX:POLA:

  • Beneish M-Score: 0.00
  • GF Value™: Rp27.85 vs. price of Rp59.00 (111.8% above fair value)
  • GF Score™: 66/100 with 1 warning sign

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

PT Pool Advista Finance Tbk Business Description

Address Jalan Letjen Soepeno Blok CC6, No 9 - 10, Arteri Permata Hijau, Jakarta Selatan, IDN, 12210
PT Pool Advista Finance Tbk Engaged in Conventional Financing, Operating Lease, and other fee-based activities, and Sharia Financing. The company's segments are divided into business segments, consisting of working capital financing, investment financing, multipurpose financing, Sharia Financing, and Others The company derives maximum revenue from Sharia Financing.
66GF Score

Get the complete analysis for ISX:POLA

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

Rp59.00
Price
Rp27.85
GF Value