PT Superkrane Mitra Utama Tbk (ISX:SKRN) Beneish M-Score: 0.00 (As of Sep. 07, 2026)

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ISX:SKRN PT Superkrane Mitra Utama Tbk ISX:SKRN
90 GF Score
Price Rp396.00
GF Value Rp414.58
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is PT Superkrane Mitra Utama Tbk Beneish M-Score?

PT Superkrane Mitra Utama Tbk ISX:SKRN +0.51% 90 Beneish M-Score is 0.00 as of Sep. 07, 2026. GuruFocus rates ISX:SKRN with a GF Score™ of 90/100 and a GF Value™ of Rp414.58 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,015 Business Services companies, PT Superkrane Mitra Utama Tbk ranks worse than 98522.07% 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 Superkrane Mitra Utama Tbk's Beneish M-Score or its related term are showing as below:

During the past 11 years, the highest Beneish M-Score of PT Superkrane Mitra Utama Tbk was 28.05. The lowest was -4.22. And the median was -2.93.

PT Superkrane Mitra Utama Tbk Beneish M-Score Historical Data

* Premium members only.

The historical data trend for PT Superkrane Mitra Utama 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 Superkrane Mitra Utama Tbk Beneish M-Score Chart

PT Superkrane Mitra Utama 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 -0.75 -4.12 12.81 -3.52 -1.83

PT Superkrane Mitra Utama 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 -3.75 -3.66 -1.83 -2.81 0.00

ISX:SKRN vs URI, SUNB, AER: Beneish M-Score Comparison

For the Rental & Leasing Services subindustry, PT Superkrane Mitra Utama 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 Superkrane Mitra Utama Tbk Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, PT Superkrane Mitra Utama Tbk's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where PT Superkrane Mitra Utama Tbk's Beneish M-Score falls into.


ISX:SKRN
90GF Score
PT Superkrane Mitra Utama Tbk ISX:SKRN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Superkrane Mitra Utama 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 Superkrane Mitra Utama 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 Rp279,216 Mil.
Revenue was 269237.32 + 218831.883 + 177725.538 + 208009.785 = Rp873,805 Mil.
Gross Profit was 107805.984 + 83388.858 + -7653.578 + 89998.377 = Rp273,540 Mil.
Total Current Assets was Rp379,805 Mil.
Total Assets was Rp1,432,472 Mil.
Property, Plant and Equipment(Net PPE) was Rp1,052,667 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp7,672 Mil.
Selling, General, & Admin. Expense(SGA) was Rp7,811 Mil.
Total Current Liabilities was Rp311,122 Mil.
Long-Term Debt & Capital Lease Obligation was Rp146,798 Mil.
Net Income was 55748.345 + 57192.513 + 29172.24 + 37368.243 = Rp179,481 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = Rp0 Mil.
Cash Flow from Operations was 121346.458 + 90576.425 + 106566.905 + 64930.566 = Rp383,420 Mil.
 Total Receivables was Rp182,053 Mil.
Revenue was 189563.75 + 224768.242 + 266133.233 + 214243.091 = Rp894,708 Mil.
Gross Profit was 81959.397 + 115714.242 + 45436.228 + 101384.767 = Rp344,495 Mil.
Total Current Assets was Rp320,704 Mil.
Total Assets was Rp1,445,585 Mil.
Property, Plant and Equipment(Net PPE) was Rp1,124,881 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp15,638 Mil.
Selling, General, & Admin. Expense(SGA) was Rp16,930 Mil.
Total Current Liabilities was Rp275,591 Mil.
Long-Term Debt & Capital Lease Obligation was Rp419,951 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)
=(279215.624 / 873804.526) / (182053.007 / 894708.316)
=0.31954 / 0.203477
=

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)
=(344494.634 / 894708.316) / (273539.641 / 873804.526)
=0.385036 / 0.313044
=

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 - (379804.798 + 1052667.138) / 1432471.936) / (1 - (320703.63 + 1124881.045) / 1445584.675)
=0 / 0
=

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
=873804.526 / 894708.316
=

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))
=(15638.15 / (15638.15 + 1124881.045)) / (7671.848 / (7671.848 + 1052667.138))
=0.013711 / 0.007235
=

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)
=(7811.491 / 873804.526) / (16929.993 / 894708.316)
=0.00894 / 0.018922
=

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)
=((146798.006 + 311121.526) / 1432471.936) / ((419951.082 + 275590.719) / 1445584.675)
=0.319671 / 0.481149
=

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
=(179481.341 - 0 - 383420.354) / 1432471.936
=-0.142369

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 Superkrane Mitra Utama Tbk (ISX:SKRN) has a Beneish M-Score of 0.00 as of Sep. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Superkrane Mitra Utama Tbk and its competitors. According to the industry distribution chart, PT Superkrane Mitra Utama Tbk ranks #999999 out of 1015 companies in the Business Services industry.
Is PT Superkrane Mitra Utama Tbk's Beneish M-Score too high?
PT Superkrane Mitra Utama Tbk's current Beneish M-Score is 0.00. Based on the distribution chart, PT Superkrane Mitra Utama Tbk ranks #999999 out of 1015 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, PT Superkrane Mitra Utama Tbk has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Superkrane Mitra Utama Tbk's Beneish M-Score compare to URI and SUNB?
According to the Business Services industry distribution chart, PT Superkrane Mitra Utama Tbk ranks #999999 out of 1015 companies for Beneish M-Score. This places PT Superkrane Mitra Utama 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 Business Services company?
A good Beneish M-Score depends on the Business 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 Superkrane Mitra Utama Tbk and its competitors. PT Superkrane Mitra Utama 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 Superkrane Mitra Utama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Superkrane Mitra Utama Tbk (ISX:SKRN) is currently considered Fairly Valued. The stock's GF Value™ is Rp414.58, compared to a current price of Rp396.00 — trading 4.5% below its estimated fair value. The current Beneish M-Score is 0.00. PT Superkrane Mitra Utama Tbk's overall GF Score™ is 90/100 with 3 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 Superkrane Mitra Utama Tbk (ISX:SKRN), the current Beneish M-Score is 0.00 as of Sep. 07, 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 Superkrane Mitra Utama Tbk (ISX:SKRN) Overvalued in 2026?

Based on GuruFocus' analysis, PT Superkrane Mitra Utama Tbk stock appears to be undervalued. The current stock price of Rp396.00 is trading 4.5% below its estimated GF Value™ of Rp414.58. GuruFocus considers PT Superkrane Mitra Utama Tbk to be Fairly Valued.

Key valuation signals for ISX:SKRN:

  • Beneish M-Score: 0.00
  • GF Value™: Rp414.58 vs. price of Rp396.00 (4.5% below fair value)
  • GF Score™: 90/100 with 3 warning signs

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

PT Superkrane Mitra Utama Tbk Business Description

Address Jalan Cakung Cilincing Raya, No. 9B, RT.11/RW.4, Semper Bar, Kecamatan Cilincing, Jakarta, IDN, 14130
PT Superkrane Mitra Utama Tbk is an Indonesia-based company, focused on the heavy equipment rental business. It is engaged in providing and leasing heavy lifting equipment and providing lifting & rigging solutions for the construction/infrastructure, mining, petrochemical, power plant, and other industries that require heavy equipment lifting services. It has two segments Crane rental and Construction. It generates the majority of its revenue from Crane rental.
90GF Score

Get the complete analysis for ISX:SKRN

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

Rp396.00
Price
Rp414.58
GF Value