Banco Internacional (XSGO:BINT) Beneish M-Score: -2.19 (As of Jun. 26, 2026)


XSGO:BINT Banco Internacional XSGO:BINT
52 GF Score
Price CLP122.39
GF Value CLP88.20
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Banco Internacional Beneish M-Score?

Banco Internacional XSGO:BINT 52 Beneish M-Score is -2.19 as of Jun. 26, 2026. GuruFocus rates XSGO:BINT with a GF Score™ of 52/100 and a GF Value™ of CLP88.20 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,397 Banks companies, Banco Internacional ranks worse than 81.39% 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 -2.19 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XSGO:BINT' s Beneish M-Score Range Over the Past 10 Years
Min: -2.96   Med: -2.25   Max: -1.69
Current: -2.19

During the past 12 years, the highest Beneish M-Score of Banco Internacional was -1.69. The lowest was -2.96. And the median was -2.25.

XSGO:BINT
52GF Score
Banco Internacional XSGO:BINT
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Banco Internacional 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 Internacional 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 * 1.0011+0.892 * 1.121+0.115 * 0.7053
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8792+4.679 * 0.031286-0.327 * 0.8624
=-2.19

* 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 (Sep24) TTM:
Total Receivables was CLP0 Mil.
Revenue was 58307 + 53388 + 55219 + 51311 = CLP218,225 Mil.
Gross Profit was 58307 + 53388 + 55219 + 51311 = CLP218,225 Mil.
Total Current Assets was CLP0 Mil.
Total Assets was CLP5,579,402 Mil.
Property, Plant and Equipment(Net PPE) was CLP22,377 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP9,359 Mil.
Selling, General, & Admin. Expense(SGA) was CLP21,247 Mil.
Total Current Liabilities was CLP0 Mil.
Long-Term Debt & Capital Lease Obligation was CLP1,921,143 Mil.
Net Income was 20110 + 9889 + 9751 + 13312 = CLP53,062 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = CLP0 Mil.
Cash Flow from Operations was -119256 + 20437 + 0 + -22678 = CLP-121,497 Mil.
 Total Receivables was CLP0 Mil.
Revenue was 41131 + 49364 + 51105 + 53062 = CLP194,662 Mil.
Gross Profit was 41131 + 49364 + 51105 + 53062 = CLP194,662 Mil.
Total Current Assets was CLP0 Mil.
Total Assets was CLP4,769,695 Mil.
Property, Plant and Equipment(Net PPE) was CLP24,423 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP6,414 Mil.
Selling, General, & Admin. Expense(SGA) was CLP21,557 Mil.
Total Current Liabilities was CLP0 Mil.
Long-Term Debt & Capital Lease Obligation was CLP1,904,445 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 / 218225) / (0 / 194662)
=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)
=(194662 / 194662) / (218225 / 218225)
=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 + 22377) / 5579402) / (1 - (0 + 24423) / 4769695)
=0.995989 / 0.99488
=1.0011

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
=218225 / 194662
=1.121

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))
=(6414 / (6414 + 24423)) / (9359 / (9359 + 22377))
=0.207997 / 0.294902
=0.7053

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)
=(21247 / 218225) / (21557 / 194662)
=0.097363 / 0.110741
=0.8792

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)
=((1921143 + 0) / 5579402) / ((1904445 + 0) / 4769695)
=0.344328 / 0.39928
=0.8624

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
=(53062 - 0 - -121497) / 5579402
=0.031286

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 Internacional has a M-score of -2.19 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 -2.19 mean?
Banco Internacional (XSGO:BINT) has a Beneish M-Score of -2.19 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Banco Internacional and its competitors. According to the industry distribution chart, Banco Internacional ranks #1137 out of 1397 companies in the Banks industry, placing it in the top 81.4%.
Is Banco Internacional's Beneish M-Score too high?
Banco Internacional's current Beneish M-Score is -2.19. Based on the distribution chart, Banco Internacional ranks #1137 out of 1397 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Banco Internacional has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banco Internacional's Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Banco Internacional ranks #1137 out of 1397 companies for Beneish M-Score. This places Banco Internacional 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 Internacional and its competitors. Banco Internacional's current Beneish M-Score is -2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Internacional stock overvalued right now?
Based on GuruFocus' analysis, Banco Internacional (XSGO:BINT) is currently considered Significantly Overvalued. The stock's GF Value™ is CLP88.20, compared to a current price of CLP122.39 — trading 38.8% above its estimated fair value. The current Beneish M-Score is -2.19. Banco Internacional's overall GF Score™ is 52/100 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 Internacional (XSGO:BINT), the current Beneish M-Score is -2.19 as of Jun. 26, 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 Internacional (XSGO:BINT) Overvalued in 2026?

Based on GuruFocus' analysis, Banco Internacional stock appears to be overvalued. The current stock price of CLP122.39 is trading 38.8% above its estimated GF Value™ of CLP88.20. GuruFocus considers Banco Internacional to be Significantly Overvalued.

Key valuation signals for XSGO:BINT:

  • Beneish M-Score: -2.19
  • GF Value™: CLP88.20 vs. price of CLP122.39 (38.8% above fair value)
  • GF Score™: 52/100 with 5 warning signs

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

Banco Internacional Business Description

Address Avenida Apoquindo 6750, Piso 16, Las Condes, Santiago, CHL
Banco Internacional is engaged in providing banking products and services including retail & corporate banking including current accounts, insurance, leasing, factoring, money market and agricultural banking. It also provides mortgage credit, consumer credit, and online bank service. The operating segments of the company are: Commercial Banking; Personal Banking; and Treasury and Investments.
52GF Score

Get the complete analysis for XSGO:BINT

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

CLP122.39
Price
CLP88.20
GF Value