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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.
Warning Sign:
Beneish M-Score -1.61 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for PT Indo Straits Tbk's Beneish M-Score or its related term are showing as below:
ISX:PTIS'
s Beneish M-Score Range Over the Past 10 Years
Min: -47.82 Med: -2.5 Max: 3.82
Current: -1.61
During the past 13 years, the highest Beneish M-Score of PT Indo Straits Tbk was 3.82. The lowest was -47.82. And the median was -2.50.
PT Indo Straits Tbk Beneish M-Score Related Terms
PT Indo Straits Tbk Beneish M-Score Historical Data
* Premium members only.
The historical data trend for PT Indo Straits 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 Marine Shipping subindustry, PT Indo Straits 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 Indo Straits Tbk Beneish M-Score vs Transportation Industry
For the Transportation industry and Industrials sector, PT Indo Straits Tbk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PT Indo Straits 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 Indo Straits 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 * 1.368
+
0.528 * 2.1951
+
0.404 * 1.996
+
0.892 * 1.0177
+
0.115 * 0.0095
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8671
+
4.679 * -0.102391
-
0.327 * 0.842
=
-1.61
* 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))
=
(16.469 / (16.469 + 349927.208))
/
(1369.609 / (1369.609 + 276557.924))
=
4.7E-5
/
0.004928
=
0.0095
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
=
(-6869.98 - 0
-
46342.428)
/
519697.303
=
-0.102391
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 Indo Straits Tbk has a M-score of -1.61 signals that the company is likely to be a manipulator.
PT Indo Straits Tbk (ISX:PTIS) has a Beneish M-Score of -1.61 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Indo Straits Tbk and its competitors. According to the industry distribution chart, PT Indo Straits Tbk ranks #830 out of 964 companies in the Transportation industry, placing it in the top 86.1%.
Is PT Indo Straits Tbk's Beneish M-Score too high?
PT Indo Straits Tbk's current Beneish M-Score is -1.61. Based on the distribution chart, PT Indo Straits Tbk ranks #830 out of 964 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, PT Indo Straits Tbk has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Indo Straits Tbk's Beneish M-Score compare to competitors?
According to the Transportation industry distribution chart, PT Indo Straits Tbk ranks #830 out of 964 companies for Beneish M-Score. This places PT Indo Straits 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 Indo Straits Tbk and its competitors. PT Indo Straits Tbk's current Beneish M-Score is -1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indo Straits Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indo Straits Tbk (ISX:PTIS) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp297.78, compared to a current price of Rp268.00 — trading 10% below its estimated fair value. The current Beneish M-Score is -1.61. PT Indo Straits Tbk's overall GF Score™ is 61/100 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 Indo Straits Tbk (ISX:PTIS), the current Beneish M-Score is -1.61 as of Jul. 14, 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 Indo Straits Tbk (ISX:PTIS) Overvalued in 2026?
Based on GuruFocus' analysis, PT Indo Straits Tbk stock appears to be undervalued.
The current stock price of Rp268.00 is trading 10% below its estimated GF Value™ of Rp297.78.
GuruFocus considers PT Indo Straits Tbk to be Modestly Undervalued.
Key valuation signals for ISX:PTIS:
Beneish M-Score: -1.61
GF Value™: Rp297.78 vs. price of Rp268.00 (10% below fair value)
No single metric tells the full story. See the ISX:PTIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Indo Straits Tbk is an Indonesian-based firm. The company with its subsidiaries engaged in providing marine engineering solutions and related services. It operates in three segments namely; the Integrated Marine Engineering service segment which covers dredging, reclamation, port construction, installation of the pile, wave breaker, and coastal protection; Logistics Support service segment includes transshipment and sea transportation services; and Mining contractor Services segment providing mining, excavating, hauling, and contracting services. It generates the majority of its revenue from the Mining contractor Services segment.
61GF Score
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