Banco de Credito del Peru (LIM:CREDITC1) Beneish M-Score: -2.32 (As of Aug. 28, 2026)

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LIM:CREDITC1 Banco de Credito del Peru LIM:CREDITC1
37 GF Score
Price S/.7.24
GF Value S/.4.04
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Banco de Credito del Peru Beneish M-Score?

Banco de Credito del Peru LIM:CREDITC1 37 Beneish M-Score is -2.32 as of Aug. 28, 2026. GuruFocus rates LIM:CREDITC1 with a GF Score™ of 37/100 and a GF Value™ of S/.4.04 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,391 Banks companies, Banco de Credito del Peru ranks worse than 65.13% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.32 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Banco de Credito del Peru's Beneish M-Score or its related term are showing as below:

LIM:CREDITC1' s Beneish M-Score Range Over the Past 10 Years
Min: -2.72   Med: -2.43   Max: -2.18
Current: -2.32

During the past 13 years, the highest Beneish M-Score of Banco de Credito del Peru was -2.18. The lowest was -2.72. And the median was -2.43.

LIM:CREDITC1
37GF Score
Banco de Credito del Peru LIM:CREDITC1
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Banco de Credito del Peru 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 Banco de Credito del Peru 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+0.528 * 1+0.404 * 1.0002+0.892 * 1.0507+0.115 * 0.8455
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9128+4.679 * 0.015408-0.327 * 0.8757
=-2.32

* 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 S/.0 Mil.
Revenue was 4786.121 + 4813.985 + 4855.702 + 4559.021 = S/.19,015 Mil.
Gross Profit was 4786.121 + 4813.985 + 4855.702 + 4559.021 = S/.19,015 Mil.
Total Current Assets was S/.0 Mil.
Total Assets was S/.218,160 Mil.
Property, Plant and Equipment(Net PPE) was S/.1,261 Mil.
Depreciation, Depletion and Amortization(DDA) was S/.627 Mil.
Selling, General, & Admin. Expense(SGA) was S/.3,013 Mil.
Total Current Liabilities was S/.0 Mil.
Long-Term Debt & Capital Lease Obligation was S/.21,434 Mil.
Net Income was 1587.094 + 1599.767 + 1711.821 + 1572.936 = S/.6,472 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = S/.0 Mil.
Cash Flow from Operations was 0 + 1690.422 + 3765.562 + -2345.761 = S/.3,110 Mil.
 Total Receivables was S/.0 Mil.
Revenue was 4614.972 + 4627.369 + 4497.426 + 4357.155 = S/.18,097 Mil.
Gross Profit was 4614.972 + 4627.369 + 4497.426 + 4357.155 = S/.18,097 Mil.
Total Current Assets was S/.0 Mil.
Total Assets was S/.208,943 Mil.
Property, Plant and Equipment(Net PPE) was S/.1,246 Mil.
Depreciation, Depletion and Amortization(DDA) was S/.486 Mil.
Selling, General, & Admin. Expense(SGA) was S/.3,142 Mil.
Total Current Liabilities was S/.0 Mil.
Long-Term Debt & Capital Lease Obligation was S/.23,442 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)
=(0 / 19014.829) / (0 / 18096.922)
=0 / 0
=1

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)
=(18096.922 / 18096.922) / (19014.829 / 19014.829)
=1 / 1
=1

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 - (0 + 1261.374) / 218160.086) / (1 - (0 + 1245.629) / 208943.346)
=0.994218 / 0.994038
=1.0002

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
=19014.829 / 18096.922
=1.0507

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))
=(485.842 / (485.842 + 1245.629)) / (626.561 / (626.561 + 1261.374))
=0.280595 / 0.331876
=0.8455

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)
=(3013.315 / 19014.829) / (3141.813 / 18096.922)
=0.158472 / 0.17361
=0.9128

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)
=((21433.806 + 0) / 218160.086) / ((23442.379 + 0) / 208943.346)
=0.098248 / 0.112195
=0.8757

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
=(6471.618 - 0 - 3110.223) / 218160.086
=0.015408

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.

Banco de Credito del Peru has a M-score of -2.32 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 -2.32 mean?
Banco de Credito del Peru (LIM:CREDITC1) has a Beneish M-Score of -2.32 as of Aug. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Banco de Credito del Peru and its competitors. According to the industry distribution chart, Banco de Credito del Peru ranks #906 out of 1391 companies in the Banks industry, placing it in the top 65.1%.
Is Banco de Credito del Peru's Beneish M-Score too high?
Banco de Credito del Peru's current Beneish M-Score is -2.32. Based on the distribution chart, Banco de Credito del Peru ranks #906 out of 1391 companies in the Banks industry, which is below the industry midpoint. Overall, Banco de Credito del Peru has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banco de Credito del Peru's Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Banco de Credito del Peru ranks #906 out of 1391 companies for Beneish M-Score. This places Banco de Credito del Peru 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Banco de Credito del Peru and its competitors. Banco de Credito del Peru's current Beneish M-Score is -2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco de Credito del Peru stock overvalued right now?
Based on GuruFocus' analysis, Banco de Credito del Peru (LIM:CREDITC1) is currently considered Significantly Overvalued. The stock's GF Value™ is S/.4.04, compared to a current price of S/.7.24 — trading 79.2% above its estimated fair value. The current Beneish M-Score is -2.32. Banco de Credito del Peru's overall GF Score™ is 37/100 with 7 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 Banco de Credito del Peru (LIM:CREDITC1), the current Beneish M-Score is -2.32 as of Aug. 28, 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 Banco de Credito del Peru (LIM:CREDITC1) Overvalued in 2026?

Based on GuruFocus' analysis, Banco de Credito del Peru stock appears to be overvalued. The current stock price of S/.7.24 is trading 79.2% above its estimated GF Value™ of S/.4.04. GuruFocus considers Banco de Credito del Peru to be Significantly Overvalued.

Key valuation signals for LIM:CREDITC1:

  • Beneish M-Score: -2.32
  • GF Value™: S/.4.04 vs. price of S/.7.24 (79.2% above fair value)
  • GF Score™: 37/100 with 7 warning signs

No single metric tells the full story. See the LIM:CREDITC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Banco de Credito del Peru Business Description

Address 156 Centenario Avenue, La Molina, Lima, PER, 12
Banco de Credito del Peru operates as a Bank. The company's business lines include Personal Banking: Consumer Banking, Exclusive Banking, Enalta; Private Banking; SME Banking: Business Banking, SME Banking Large Company and Corporate Banking; Digital Banking: Yape & iO. It's service channel includes BCP agents, ATM Branches, Internet banking, WhatsApp and Voicebot, Digital platforms, and Telecredito.
37GF Score

Get the complete analysis for LIM:CREDITC1

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

S/.7.24
Price
S/.4.04
GF Value