PT Pancaranmudera Transport Tbk (ISX:PSAT) Beneish M-Score: 0.00 (As of Aug. 10, 2026)

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ISX:PSAT PT Pancaran Samudera Transport Tbk ISX:PSAT
12 GF Score
Price Rp910.00
! 1 Warning Sign
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What is PT Pancaranmudera Transport Tbk Beneish M-Score?

PT Pancaranmudera Transport Tbk ISX:PSAT 12 Beneish M-Score is 0.00 as of Aug. 10, 2026. GuruFocus rates ISX:PSAT with a GF Score™ of 12/100. The stock has 1 warning sign investors should review. Among 968 Transportation companies, PT Pancaranmudera Transport Tbk ranks worse than 103305.68% 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.

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

During the past 4 years, the highest Beneish M-Score of PT Pancaranmudera Transport Tbk was 0.00. The lowest was 0.00. And the median was 0.00.

PT Pancaranmudera Transport Tbk Beneish M-Score Historical Data

* Premium members only.

The historical data trend for PT Pancaranmudera Transport 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 Pancaranmudera Transport Tbk Beneish M-Score Chart

PT Pancaranmudera Transport Tbk Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00

PT Pancaranmudera Transport Tbk Quarterly Data
Dec22 Dec23 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

PT Pancaranmudera Transport Tbk Beneish M-Score Competitor Comparison

For the Marine Shipping subindustry, PT Pancaranmudera Transport 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 Pancaranmudera Transport Tbk Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, PT Pancaranmudera Transport Tbk's Beneish M-Score distribution charts can be found below:

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


ISX:PSAT
12GF Score
PT Pancaran Samudera Transport Tbk ISX:PSAT
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Pancaranmudera Transport 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 Pancaranmudera Transport 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 Rp197,302 Mil.
Revenue was 247488.399 + 187085.918 + 284277.502 + 246601.087 = Rp965,453 Mil.
Gross Profit was 45279.192 + 37628.65 + 16497.821 + -17452.386 = Rp81,953 Mil.
Total Current Assets was Rp542,012 Mil.
Total Assets was Rp1,670,605 Mil.
Property, Plant and Equipment(Net PPE) was Rp1,124,992 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp4,641 Mil.
Selling, General, & Admin. Expense(SGA) was Rp24,236 Mil.
Total Current Liabilities was Rp227,691 Mil.
Long-Term Debt & Capital Lease Obligation was Rp122,611 Mil.
Net Income was 8615.296 + 6202.382 + -17973.941 + -32457.985 = Rp-35,614 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = Rp0 Mil.
Cash Flow from Operations was 5016.993 + 52633.458 + 8158.84 + 83284.63 = Rp149,094 Mil.
 Total Receivables was Rp0 Mil.
Revenue was 283402.968 + 262532.231 + 288633.354 + 0 = Rp834,569 Mil.
Gross Profit was 54372.534 + 92410.99 + 89412.983 + 0 = Rp236,197 Mil.
Total Current Assets was Rp0 Mil.
Total Assets was Rp0 Mil.
Property, Plant and Equipment(Net PPE) was Rp0 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp2,031 Mil.
Selling, General, & Admin. Expense(SGA) was Rp26,207 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)
=(197302.386 / 965452.906) / (0 / 834568.553)
=0.204363 / 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)
=(236196.507 / 834568.553) / (81953.277 / 965452.906)
=0.283016 / 0.084886
=

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 - (542012.412 + 1124992.458) / 1670604.87) / (1 - (0 + 0) / 0)
=0.002155 /
=

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
=965452.906 / 834568.553
=

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))
=(2030.64 / (2030.64 + 0)) / (4641.352 / (4641.352 + 1124992.458))
=1 / 0.004109
=

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)
=(24236.483 / 965452.906) / (26207.485 / 834568.553)
=0.025104 / 0.031402
=

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)
=((122610.755 + 227691.324) / 1670604.87) / ((0 + 0) / 0)
=0.209686 /
=

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
=(-35614.248 - 0 - 149093.921) / 1670604.87
=-0.110564

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 Pancaranmudera Transport Tbk (ISX:PSAT) has a Beneish M-Score of 0.00 as of Aug. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Pancaranmudera Transport Tbk and its competitors. According to the industry distribution chart, PT Pancaranmudera Transport Tbk ranks #999999 out of 968 companies in the Transportation industry.
Is PT Pancaranmudera Transport Tbk's Beneish M-Score too high?
PT Pancaranmudera Transport Tbk's current Beneish M-Score is 0.00. Based on the distribution chart, PT Pancaranmudera Transport Tbk ranks #999999 out of 968 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, PT Pancaranmudera Transport Tbk has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does PT Pancaranmudera Transport Tbk's Beneish M-Score compare to competitors?
According to the Transportation industry distribution chart, PT Pancaranmudera Transport Tbk ranks #999999 out of 968 companies for Beneish M-Score. This places PT Pancaranmudera Transport 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 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 Pancaranmudera Transport Tbk and its competitors. PT Pancaranmudera Transport 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 Pancaranmudera Transport Tbk stock overvalued right now?
PT Pancaranmudera Transport Tbk (ISX:PSAT) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. PT Pancaranmudera Transport Tbk's overall GF Score™ is 12/100 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 Pancaranmudera Transport Tbk (ISX:PSAT), the current Beneish M-Score is 0.00 as of Aug. 10, 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.

PT Pancaranmudera Transport Tbk Business Description

Address Jalan Boulevard Raya Kav. 1, Gedung Kirana Three (Bellatera) Lt. 11, Kelapa Gading, Jakarta Utara, IDN, 14240
PT Pancaran Samudera Transport Tbk is engaged in the field of Domestic Sea Transportation for General Goods and Domestic Sea Transportation for Special Goods. The Company has approximately 36 (thirty-six) tugboat units used to assist other ships in maneuvering, anchoring, or sailing in narrow waters or with strong currents, 29 (twenty-nine) barges to transport various types of cargo, including mining materials, sand, coal, and large items that are difficult to transport by land, and 2 (two) types of bulk carrier ships to transport goods in large quantities by sea, especially from transit ports to destination ports.
12GF Score

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

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