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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 -0.59 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for PT Tifico Fiber Indonesia Tbk's Beneish M-Score or its related term are showing as below:
ISX:TFCO'
s Beneish M-Score Range Over the Past 10 Years
Min: -111.92 Med: -2.59 Max: 15.55
Current: -0.59
During the past 13 years, the highest Beneish M-Score of PT Tifico Fiber Indonesia Tbk was 15.55. The lowest was -111.92. And the median was -2.59.
* 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 Tifico Fiber Indonesia Tbk Beneish M-Score Chart
For the Textile Manufacturing subindustry, PT Tifico Fiber Indonesia 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 Tifico Fiber Indonesia Tbk Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Tifico Fiber Indonesia Tbk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PT Tifico Fiber Indonesia Tbk's Beneish M-Score falls into.
PT Tifico Fiber Indonesia 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 Tifico Fiber Indonesia 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 * 0.9875
+
0.528 * 4.1494
+
0.404 * 0.9062
+
0.892 * 1.0768
+
0.115 * 0.9621
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0514
+
4.679 * 0.056988
-
0.327 * 1.1525
=
-0.59
* 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))
=
(1042.157 / (1042.157 + 2737033.008))
/
(1174.967 / (1174.967 + 2967591.547))
=
0.000381
/
0.000396
=
0.9621
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
=
(-21551.94 - 0
-
-372830.469)
/
6164056.145
=
0.056988
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 Tifico Fiber Indonesia Tbk has a M-score of -0.59 signals that the company is likely to be a manipulator.
PT Tifico Fiber Indonesia Tbk (ISX:TFCO) has a Beneish M-Score of -0.59 as of Aug. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Tifico Fiber Indonesia Tbk and its competitors. According to the industry distribution chart, PT Tifico Fiber Indonesia Tbk ranks #917 out of 995 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 92.2%.
Is PT Tifico Fiber Indonesia Tbk's Beneish M-Score too high?
PT Tifico Fiber Indonesia Tbk's current Beneish M-Score is -0.59. Based on the distribution chart, PT Tifico Fiber Indonesia Tbk ranks #917 out of 995 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, PT Tifico Fiber Indonesia Tbk has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Tifico Fiber Indonesia Tbk's Beneish M-Score compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, PT Tifico Fiber Indonesia Tbk ranks #917 out of 995 companies for Beneish M-Score. This places PT Tifico Fiber Indonesia 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Tifico Fiber Indonesia Tbk and its competitors. PT Tifico Fiber Indonesia Tbk's current Beneish M-Score is -0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Tifico Fiber Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Tifico Fiber Indonesia Tbk (ISX:TFCO) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp700.71, compared to a current price of Rp900.00 — trading 28.4% above its estimated fair value. The current Beneish M-Score is -0.59. PT Tifico Fiber Indonesia Tbk's overall GF Score™ is 70/100 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 Tifico Fiber Indonesia Tbk (ISX:TFCO), the current Beneish M-Score is -0.59 as of Aug. 21, 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 Tifico Fiber Indonesia Tbk (ISX:TFCO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Tifico Fiber Indonesia Tbk stock appears to be overvalued.
The current stock price of Rp900.00 is trading 28.4% above its estimated GF Value™ of Rp700.71.
GuruFocus considers PT Tifico Fiber Indonesia Tbk to be Modestly Overvalued.
Key valuation signals for ISX:TFCO:
Beneish M-Score: -0.59
GF Value™: Rp700.71 vs. price of Rp900.00 (28.4% above fair value)
No single metric tells the full story. See the ISX:TFCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Tifico Fiber Indonesia Tbk is an Indonesian company principally engaged in the manufacture of polyester chips, staple fiber, and filament yarn, and sells and markets those products. Its products include Polyester Filament Yarn (PFY), Polyester Staple Fiber (PSF), and Polyester CHIP, which includes semi-dull, full-dull, bright, and cationic dye. The company uses Japanese technology and machinery to produce the finest polyester fiber. It manages its business into four segments, namely Chip, Staple Fiber, Filament Yarn, and RCL.
70GF Score
Get the complete analysis for ISX:TFCO
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