PT Surya Pertiwi TbkISX:SPTO 80 Beneish M-Score is -2.54 as of Jun. 25, 2026. GuruFocus rates ISX:SPTO with a GF Score™ of 80/100 and a GF Value™ of Rp605.70 (Fairly Valued). The stock has 3 warning signs investors should review. Among 419 Furnishings, Fixtures & Appliances companies, PT Surya Pertiwi Tbk ranks worse than 52.74% 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 -2.54 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for PT Surya Pertiwi Tbk's Beneish M-Score or its related term are showing as below:
ISX:SPTO'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.43 Med: -2.51 Max: -2.19
Current: -2.54
During the past 11 years, the highest Beneish M-Score of PT Surya Pertiwi Tbk was -2.19. The lowest was -3.43. And the median was -2.51.
PT Surya Pertiwi Tbk Beneish M-Score Related Terms
PT Surya Pertiwi Tbk Beneish M-Score Historical Data
* Premium members only.
The historical data trend for PT Surya Pertiwi 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.
ISX:SPTO vs SN, SGI, MHK: Beneish M-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, PT Surya Pertiwi 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 Surya Pertiwi Tbk Beneish M-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, PT Surya Pertiwi Tbk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PT Surya Pertiwi 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 Surya Pertiwi 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 * 0.9341
+
0.528 * 1.002
+
0.404 * 1.0392
+
0.892 * 0.9254
+
0.115 * 1.1812
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.037
+
4.679 * -0.00253
-
0.327 * 0.8417
=
-2.54
* 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))
=
(35981.727 / (35981.727 + 1133559.838))
/
(30061.305 / (30061.305 + 1124079.257))
=
0.030766
/
0.026046
=
1.1812
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
=
(242586.175 - 0
-
250983.938)
/
3318830.743
=
-0.00253
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 Surya Pertiwi Tbk has a M-score of -2.54 suggests that the company is unlikely to be a manipulator.
PT Surya Pertiwi Tbk (ISX:SPTO) has a Beneish M-Score of -2.54 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Surya Pertiwi Tbk and its competitors. According to the industry distribution chart, PT Surya Pertiwi Tbk ranks #221 out of 419 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 52.7%.
Is PT Surya Pertiwi Tbk's Beneish M-Score too high?
PT Surya Pertiwi Tbk's current Beneish M-Score is -2.54. Based on the distribution chart, PT Surya Pertiwi Tbk ranks #221 out of 419 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, PT Surya Pertiwi Tbk has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Surya Pertiwi Tbk's Beneish M-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, PT Surya Pertiwi Tbk ranks #221 out of 419 companies for Beneish M-Score. This places PT Surya Pertiwi 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Surya Pertiwi Tbk and its competitors. PT Surya Pertiwi Tbk's current Beneish M-Score is -2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Surya Pertiwi Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Surya Pertiwi Tbk (ISX:SPTO) is currently considered Fairly Valued. The stock's GF Value™ is Rp605.70, compared to a current price of Rp555.00 — trading 8.4% below its estimated fair value. The current Beneish M-Score is -2.54. PT Surya Pertiwi Tbk's overall GF Score™ is 80/100 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 Surya Pertiwi Tbk (ISX:SPTO), the current Beneish M-Score is -2.54 as of Jun. 25, 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 Surya Pertiwi Tbk (ISX:SPTO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Surya Pertiwi Tbk stock appears to be undervalued.
The current stock price of Rp555.00 is trading 8.4% below its estimated GF Value™ of Rp605.70.
GuruFocus considers PT Surya Pertiwi Tbk to be Fairly Valued.
Key valuation signals for ISX:SPTO:
Beneish M-Score: -2.54
GF Value™: Rp605.70 vs. price of Rp555.00 (8.4% below fair value)
No single metric tells the full story. See the ISX:SPTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Surya Pertiwi Tbk mainly engage in porcelain sanitary industry, wood furnitures industry, others furnitures industry, flooring, walling, sanitary and ceiling equipment and self-owned or leased real estate. The company categorizes its operational activities into four segments: sanitary wares, fittings, kitchen products, and other related items. The four segments include Nine brands that are distributed by the Company, namely TOTO, Villeroy & Boch, Geberit, Stiebel Eltron, Franke, Kaldewei, Eco, Jacuzzi, and W.Atelier. Sanitary products, includes sanitary components, accessories and spare parts, among others (but not limited to) closet, urinal, bidet, washbasin as well as household appliances kitchen set, marbelite or synthetic marbles and vanity units, etc.
80GF Score
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