Banco de Credito e Inversiones (XSGO:BCI) Beneish M-Score: -2.44 (As of Jun. 29, 2026)


XSGO:BCI Banco de Credito e Inversiones SA XSGO:BCI
58 GF Score
Price CLP60,200.00
GF Value CLP30,416.79
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Banco de Credito e Inversiones Beneish M-Score?

Banco de Credito e Inversiones XSGO:BCI +2.03% 58 Beneish M-Score is -2.44 as of Jun. 29, 2026. GuruFocus rates XSGO:BCI with a GF Score™ of 58/100 and a GF Value™ of CLP30,416.79 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,399 Banks companies, Banco de Credito e Inversiones ranks better than 58.33% 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 -2.44 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 e Inversiones's Beneish M-Score or its related term are showing as below:

XSGO:BCI' s Beneish M-Score Range Over the Past 10 Years
Min: -2.6   Med: -2.38   Max: -1.9
Current: -2.44

During the past 13 years, the highest Beneish M-Score of Banco de Credito e Inversiones was -1.90. The lowest was -2.60. And the median was -2.38.

XSGO:BCI
58GF Score
Banco de Credito e Inversiones SA XSGO:BCI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Banco de Credito e Inversiones 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 e Inversiones 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 * 0.9999+0.892 * 1.0327+0.115 * 0.9974
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0194+4.679 * 0.004034-0.327 * 1.008
=-2.44

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was CLP0 Mil.
Revenue was 785218 + 810635 + 772764 + 754200 = CLP3,122,817 Mil.
Gross Profit was 785218 + 810635 + 772764 + 754200 = CLP3,122,817 Mil.
Total Current Assets was CLP0 Mil.
Total Assets was CLP85,653,004 Mil.
Property, Plant and Equipment(Net PPE) was CLP418,086 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP116,206 Mil.
Selling, General, & Admin. Expense(SGA) was CLP508,133 Mil.
Total Current Liabilities was CLP0 Mil.
Long-Term Debt & Capital Lease Obligation was CLP13,856,789 Mil.
Net Income was 287980 + 228864 + 234469 + 259275 = CLP1,010,588 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = CLP0 Mil.
Cash Flow from Operations was -103345 + 479833 + -856658 + 1145253 = CLP665,083 Mil.
 Total Receivables was CLP0 Mil.
Revenue was 865691 + 778202 + 684658 + 695361 = CLP3,023,912 Mil.
Gross Profit was 865691 + 778202 + 684658 + 695361 = CLP3,023,912 Mil.
Total Current Assets was CLP0 Mil.
Total Assets was CLP81,553,214 Mil.
Property, Plant and Equipment(Net PPE) was CLP392,050 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP108,603 Mil.
Selling, General, & Admin. Expense(SGA) was CLP482,685 Mil.
Total Current Liabilities was CLP0 Mil.
Long-Term Debt & Capital Lease Obligation was CLP13,089,438 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 / 3122817) / (0 / 3023912)
=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)
=(3023912 / 3023912) / (3122817 / 3122817)
=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 + 418086) / 85653004) / (1 - (0 + 392050) / 81553214)
=0.995119 / 0.995193
=0.9999

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
=3122817 / 3023912
=1.0327

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))
=(108603 / (108603 + 392050)) / (116206 / (116206 + 418086))
=0.216923 / 0.217495
=0.9974

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)
=(508133 / 3122817) / (482685 / 3023912)
=0.162716 / 0.159623
=1.0194

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)
=((13856789 + 0) / 85653004) / ((13089438 + 0) / 81553214)
=0.161778 / 0.160502
=1.008

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
=(1010588 - 0 - 665083) / 85653004
=0.004034

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 e Inversiones has a M-score of -2.44 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 -2.44 mean?
Banco de Credito e Inversiones (XSGO:BCI) has a Beneish M-Score of -2.44 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Banco de Credito e Inversiones and its competitors. According to the industry distribution chart, Banco de Credito e Inversiones ranks #583 out of 1399 companies in the Banks industry, placing it in the top 41.7%.
Is Banco de Credito e Inversiones' Beneish M-Score too high?
Banco de Credito e Inversiones' current Beneish M-Score is -2.44. Based on the distribution chart, Banco de Credito e Inversiones ranks #583 out of 1399 companies in the Banks industry, which is above the industry midpoint. Overall, Banco de Credito e Inversiones has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banco de Credito e Inversiones' Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Banco de Credito e Inversiones ranks #583 out of 1399 companies for Beneish M-Score. This puts Banco de Credito e Inversiones in the upper 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 e Inversiones and its competitors. Banco de Credito e Inversiones's current Beneish M-Score is -2.44. 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 e Inversiones stock overvalued right now?
Based on GuruFocus' analysis, Banco de Credito e Inversiones (XSGO:BCI) is currently considered Significantly Overvalued. The stock's GF Value™ is CLP30,416.79, compared to a current price of CLP60,200.00 — trading 97.9% above its estimated fair value. The current Beneish M-Score is -2.44. Banco de Credito e Inversiones' overall GF Score™ is 58/100 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 Banco de Credito e Inversiones (XSGO:BCI), the current Beneish M-Score is -2.44 as of Jun. 29, 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 e Inversiones (XSGO:BCI) Overvalued in 2026?

Based on GuruFocus' analysis, Banco de Credito e Inversiones stock appears to be overvalued. The current stock price of CLP60,200.00 is trading 97.9% above its estimated GF Value™ of CLP30,416.79. GuruFocus considers Banco de Credito e Inversiones to be Significantly Overvalued.

Key valuation signals for XSGO:BCI:

  • Beneish M-Score: -2.44
  • GF Value™: CLP30,416.79 vs. price of CLP60,200.00 (97.9% above fair value)
  • GF Score™: 58/100 with 5 warning signs

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

Banco de Credito e Inversiones Business Description

Address Avenida el Golf 125, Las Condes, Santiago, CHL
Banco de Credito e Inversiones SA is a commercial bank incorporated in Chile. The company operations are divided into three segments: retail banking, commercial banking and investment banking. Retail operations consist of savings accounts, demand deposits, consumer and mortgage loans, credit cards, investment and insurance products. The investment banking products and services include time deposits, mutual funds, and spot and futures transactions. The company also provides factoring, stock and insurance brokering, asset management, securitization, and financial consultancy.
58GF Score

Get the complete analysis for XSGO:BCI

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

CLP60,200.00
Price
CLP30,416.79
GF Value