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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.
Good Sign:
Beneish M-Score -2 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for PT Sekar Bumi Tbk's Beneish M-Score or its related term are showing as below:
ISX:SKBM'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.27 Med: -2.38 Max: 0.01
Current: -2
During the past 13 years, the highest Beneish M-Score of PT Sekar Bumi Tbk was 0.01. The lowest was -3.27. And the median was -2.38.
PT Sekar Bumi Tbk Beneish M-Score Related Terms
PT Sekar Bumi Tbk Beneish M-Score Historical Data
* Premium members only.
The historical data trend for PT Sekar Bumi 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 Packaged Foods subindustry, PT Sekar Bumi 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 Sekar Bumi Tbk Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Sekar Bumi Tbk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PT Sekar Bumi 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 Sekar Bumi 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 * 1.2655
+
0.528 * 0.4676
+
0.404 * 0.748
+
0.892 * 1.4202
+
0.115 * 1.2546
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8185
+
4.679 * 0.046682
-
0.327 * 1.1064
=
-2.00
* 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))
=
(12880.471 / (12880.471 + 452035.923))
/
(9861.343 / (9861.343 + 436707.89))
=
0.027705
/
0.022082
=
1.2546
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
=
(115925.678 - 0
-
15047.529)
/
2160967.219
=
0.046682
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 Sekar Bumi Tbk has a M-score of -2.00 suggests that the company is unlikely to be a manipulator.
PT Sekar Bumi Tbk (ISX:SKBM) has a Beneish M-Score of -2.00 as of Jul. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Sekar Bumi Tbk and its competitors. According to the industry distribution chart, PT Sekar Bumi Tbk ranks #1447 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 78.2%.
Is PT Sekar Bumi Tbk's Beneish M-Score too high?
PT Sekar Bumi Tbk's current Beneish M-Score is -2.00. Based on the distribution chart, PT Sekar Bumi Tbk ranks #1447 out of 1851 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, PT Sekar Bumi Tbk has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Sekar Bumi Tbk's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PT Sekar Bumi Tbk ranks #1447 out of 1851 companies for Beneish M-Score. This places PT Sekar Bumi 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Sekar Bumi Tbk and its competitors. PT Sekar Bumi Tbk's current Beneish M-Score is -2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Sekar Bumi Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Sekar Bumi Tbk (ISX:SKBM) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp471.83, compared to a current price of Rp590.00 — trading 25% above its estimated fair value. The current Beneish M-Score is -2.00. PT Sekar Bumi Tbk's overall GF Score™ is 69/100 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 Sekar Bumi Tbk (ISX:SKBM), the current Beneish M-Score is -2.00 as of Jul. 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 Sekar Bumi Tbk (ISX:SKBM) Overvalued in 2026?
Based on GuruFocus' analysis, PT Sekar Bumi Tbk stock appears to be overvalued.
The current stock price of Rp590.00 is trading 25% above its estimated GF Value™ of Rp471.83.
GuruFocus considers PT Sekar Bumi Tbk to be Modestly Overvalued.
Key valuation signals for ISX:SKBM:
Beneish M-Score: -2.00
GF Value™: Rp471.83 vs. price of Rp590.00 (25% above fair value)
No single metric tells the full story. See the ISX:SKBM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Sekar Bumi Tbk is engaged in the manufacturing of food products, which are Value-Added Seafood and Processed Food. Under the Frozen Value-Added Seafood product line, it produces value-added shrimps, as well as fish, squid and other seafood products. Its Processed Food products include a wide variety of dim sum products, fish balls, breaded shrimps and sausages, amongst others. Additionally, it also produces shrimp and fish feed, and cashew nuts. These products are sold domestically as well as internationally to the USA, Europe, Australia, Japan, South Korea, and other Asian countries, under FINNA, SKB, Bumifood, Mitraku brands. Its segments include value-added seafood segment and processed food segment. The value-added seafood segment derives majority of revenue.
69GF Score
Get the complete analysis for ISX:SKBM
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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