Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
PT Pakuan TbkISX:UANG +1.66%47 Beneish M-Score is 4.65 as of Aug. 19, 2026, which is 6% below its 10-year median of 4.96. GuruFocus rates ISX:UANG with a GF Score™ of 47/100 and a GF Value™ of Rp1,638.70 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,677 Real Estate companies, PT Pakuan Tbk ranks worse than 96.54% 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.
Warning Sign:
Beneish M-Score 4.65 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for PT Pakuan Tbk's Beneish M-Score or its related term are showing as below:
ISX:UANG'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.39 Med: 4.96 Max: 395.42
Current: 4.65
During the past 9 years, the highest Beneish M-Score of PT Pakuan Tbk was 395.42. The lowest was -3.39. And the median was 4.96.
The historical data trend for PT Pakuan 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:UANG vs AS, HAS, LTH: Beneish M-Score Comparison
For the Real Estate - Development subindustry, PT Pakuan 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 Pakuan Tbk Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PT Pakuan Tbk's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PT Pakuan 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 Pakuan 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 * 6.6584
+
0.528 * 1.0768
+
0.404 * 0.9116
+
0.892 * 2.2597
+
0.115 * 1.69
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.5763
+
4.679 * 0.139577
-
0.327 * 1.0438
=
4.65
* 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))
=
(5289 / (5289 + 5065))
/
(5624 / (5624 + 12983))
=
0.510817
/
0.302252
=
1.69
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
=
(70224 - 0
-
-189576)
/
1861339
=
0.139577
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 Pakuan Tbk has a M-score of 4.65 signals that the company is likely to be a manipulator.
PT Pakuan Tbk (ISX:UANG) has a Beneish M-Score of 4.65 as of Aug. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PT Pakuan Tbk and its competitors. This is near median its historical median of 4.96. According to the industry distribution chart, PT Pakuan Tbk ranks #1619 out of 1677 companies in the Real Estate industry, placing it in the top 96.5%.
Is PT Pakuan Tbk's Beneish M-Score too high?
PT Pakuan Tbk's current Beneish M-Score of 4.65 is near median its 10-year median of 4.96. Based on the distribution chart, PT Pakuan Tbk ranks #1619 out of 1677 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, PT Pakuan Tbk has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Pakuan Tbk's Beneish M-Score compare to AS and HAS?
According to the Real Estate industry distribution chart, PT Pakuan Tbk ranks #1619 out of 1677 companies for Beneish M-Score. This places PT Pakuan 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Pakuan Tbk and its competitors. PT Pakuan Tbk's current Beneish M-Score is 4.65, which is near median its own 10-year median of 4.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pakuan Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Pakuan Tbk (ISX:UANG) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp1,638.70, compared to a current price of Rp2,450.00 — trading 49.5% above its estimated fair value. The current Beneish M-Score is 4.65, which is near median its 10-year median of 4.96. PT Pakuan Tbk's overall GF Score™ is 47/100 with 6 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 Pakuan Tbk (ISX:UANG), the current Beneish M-Score is 4.65 as of Aug. 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 Pakuan Tbk (ISX:UANG) Overvalued in 2026?
Based on GuruFocus' analysis, PT Pakuan Tbk stock appears to be overvalued.
The current stock price of Rp2,450.00 is trading 49.5% above its estimated GF Value™ of Rp1,638.70.
GuruFocus considers PT Pakuan Tbk to be Significantly Overvalued.
Key valuation signals for ISX:UANG:
Beneish M-Score: 4.65 (near median its 10-year median of 4.96)
GF Value™: Rp1,638.70 vs. price of Rp2,450.00 (49.5% above fair value)
No single metric tells the full story. See the ISX:UANG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Pakuan Tbk is engaged in the fields of accommodation provision, real estate, other sports and recreational activities, and construction. Its current business activities include the construction of shopping buildings, real estate, the construction of lodging buildings, the construction of office buildings, and the construction of entertainment and sports buildings. Additionally, the company manages a property comprising an international standard golf course, hotel and resort, restaurant, and swimming pool known as Sawangan Golf, Hotel & Resort; along with other commercial properties. Its operating segments are: Sale of properties, which generate the maximum revenue, and Rental of properties.
47GF Score
Get the complete analysis for ISX:UANG
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISX:UANG has been successfully added to your 
