PTtria Mega Kencana Tbk (ISX:SOTS) Beneish M-Score: -2.63 (As of Jun. 26, 2026)


ISX:SOTS PT Satria Mega Kencana Tbk ISX:SOTS
39 GF Score
Price Rp605.00
GF Value Rp388.98
Valuation Significantly Overvalued
! 5 Warning Signs
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What is PTtria Mega Kencana Tbk Beneish M-Score?

PTtria Mega Kencana Tbk ISX:SOTS +7.08% 39 Beneish M-Score is -2.63 as of Jun. 26, 2026. GuruFocus rates ISX:SOTS with a GF Score™ of 39/100 and a GF Value™ of Rp388.98 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 824 Travel & Leisure companies, PTtria Mega Kencana Tbk ranks worse than 50.61% 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.

Good Sign:

Beneish M-Score -2.63 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for PTtria Mega Kencana Tbk's Beneish M-Score or its related term are showing as below:

ISX:SOTS' s Beneish M-Score Range Over the Past 10 Years
Min: -2.63   Med: -2.42   Max: -1.41
Current: -2.63

During the past 5 years, the highest Beneish M-Score of PTtria Mega Kencana Tbk was -1.41. The lowest was -2.63. And the median was -2.42.

PTtria Mega Kencana Tbk Beneish M-Score Historical Data

* Premium members only.

The historical data trend for PTtria Mega Kencana 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.

PTtria Mega Kencana Tbk Beneish M-Score Chart

PTtria Mega Kencana Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.42 -1.41 -2.63

PTtria Mega Kencana Tbk Semi-Annual Data
Dec15 Dec16 Dec17 Dec24 Dec25
Beneish M-Score 0.00 0.00 -2.42 -1.41 -2.63

ISX:SOTS vs MAR, HLT, H: Beneish M-Score Comparison

For the Lodging subindustry, PTtria Mega Kencana 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.

PTtria Mega Kencana Tbk Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PTtria Mega Kencana Tbk's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where PTtria Mega Kencana Tbk's Beneish M-Score falls into.


ISX:SOTS
39GF Score
PT Satria Mega Kencana Tbk ISX:SOTS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PTtria Mega Kencana 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 PTtria Mega Kencana 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 * 1.0807+0.528 * 1.0197+0.404 * 1.0329+0.892 * 0.9191+0.115 * 0.9893
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1759+4.679 * -0.026037-0.327 * 1.0714
=-2.63

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was Rp646 Mil.
Revenue was Rp20,728 Mil.
Gross Profit was Rp12,933 Mil.
Total Current Assets was Rp13,643 Mil.
Total Assets was Rp415,202 Mil.
Property, Plant and Equipment(Net PPE) was Rp398,279 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp6,545 Mil.
Selling, General, & Admin. Expense(SGA) was Rp7,567 Mil.
Total Current Liabilities was Rp24,190 Mil.
Long-Term Debt & Capital Lease Obligation was Rp156,395 Mil.
Net Income was Rp-15,435 Mil.
Gross Profit was Rp0 Mil.
Cash Flow from Operations was Rp-4,625 Mil.
 Total Receivables was Rp650 Mil.
Revenue was Rp22,553 Mil.
Gross Profit was Rp14,348 Mil.
Total Current Assets was Rp14,076 Mil.
Total Assets was Rp421,142 Mil.
Property, Plant and Equipment(Net PPE) was Rp403,845 Mil.
Depreciation, Depletion and Amortization(DDA) was Rp6,565 Mil.
Selling, General, & Admin. Expense(SGA) was Rp7,001 Mil.
Total Current Liabilities was Rp14,169 Mil.
Long-Term Debt & Capital Lease Obligation was Rp156,799 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)
=(645.844 / 20728.192) / (650.213 / 22552.571)
=0.031158 / 0.028831
=1.0807

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)
=(14347.989 / 22552.571) / (12932.505 / 20728.192)
=0.636202 / 0.623909
=1.0197

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 - (13642.61 + 398279.05) / 415202.029) / (1 - (14076.432 + 403844.523) / 421142.413)
=0.007901 / 0.007649
=1.0329

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
=20728.192 / 22552.571
=0.9191

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))
=(6565.015 / (6565.015 + 403844.523)) / (6545.424 / (6545.424 + 398279.05))
=0.015996 / 0.016169
=0.9893

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)
=(7566.685 / 20728.192) / (7000.873 / 22552.571)
=0.365043 / 0.310425
=1.1759

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)
=((156395.053 + 24190.056) / 415202.029) / ((156799.172 + 14169.398) / 421142.413)
=0.434933 / 0.405964
=1.0714

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
=(-15435.287 - 0 - -4624.597) / 415202.029
=-0.026037

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.

PTtria Mega Kencana Tbk has a M-score of -2.63 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.63 mean?
PTtria Mega Kencana Tbk (ISX:SOTS) has a Beneish M-Score of -2.63 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PTtria Mega Kencana Tbk and its competitors. According to the industry distribution chart, PTtria Mega Kencana Tbk ranks #417 out of 824 companies in the Travel & Leisure industry, placing it in the top 50.6%.
Is PTtria Mega Kencana Tbk's Beneish M-Score too high?
PTtria Mega Kencana Tbk's current Beneish M-Score is -2.63. Based on the distribution chart, PTtria Mega Kencana Tbk ranks #417 out of 824 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, PTtria Mega Kencana Tbk has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PTtria Mega Kencana Tbk's Beneish M-Score compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, PTtria Mega Kencana Tbk ranks #417 out of 824 companies for Beneish M-Score. This places PTtria Mega Kencana 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 PTtria Mega Kencana Tbk and its competitors. PTtria Mega Kencana Tbk's current Beneish M-Score is -2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTtria Mega Kencana Tbk stock overvalued right now?
Based on GuruFocus' analysis, PTtria Mega Kencana Tbk (ISX:SOTS) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp388.98, compared to a current price of Rp605.00 — trading 55.5% above its estimated fair value. The current Beneish M-Score is -2.63. PTtria Mega Kencana Tbk's overall GF Score™ is 39/100 with 5 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 PTtria Mega Kencana Tbk (ISX:SOTS), the current Beneish M-Score is -2.63 as of Jun. 26, 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 PTtria Mega Kencana Tbk (ISX:SOTS) Overvalued in 2026?

Based on GuruFocus' analysis, PTtria Mega Kencana Tbk stock appears to be overvalued. The current stock price of Rp605.00 is trading 55.5% above its estimated GF Value™ of Rp388.98. GuruFocus considers PTtria Mega Kencana Tbk to be Significantly Overvalued.

Key valuation signals for ISX:SOTS:

  • Beneish M-Score: -2.63
  • GF Value™: Rp388.98 vs. price of Rp605.00 (55.5% above fair value)
  • GF Score™: 39/100 with 5 warning signs

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

PTtria Mega Kencana Tbk Business Description

Address Jl. Panglima Polim Raya No. 28, RT / RW. 009/007, Pulo Village, Kebayoran Baru Subdistrict, Jakarta, IDN, 12160
PT Satria Mega Kencana Tbk opeartes hotels in Indonesia. The company's hotel includes Sotia Hotel Blok M, Sotia Hotel Kupang, Sotia Villa Canggu, and Sotia Residence Pejompongan.
39GF Score

Get the complete analysis for ISX:SOTS

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

Rp605.00
Price
Rp388.98
GF Value