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Indonesian (IDX) Market Analysis & Valuation

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies842
  • 7D12.2%
  • 3M-16.0%
  • 1Y20.0%
  • YTD-14.4%

The market has climbed by 9.8% over the past week, with every sector up and the Materials sector leading the way. As for the past 12 months, the market is up 19%. Looking forward, earnings are forecast to grow by 5.0% annually.

Trending IndustriesOil and GasSoftwareRenewable Energy

Market Valuation and Performance

Has the Indonesian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026Rp13359.0tRp5480.9tRp640.8t17.6x20.8x2.4x
Fri, 13 Mar 2026Rp12747.3tRp5396.8tRp626.5t16.1x20.3x2.4x
Sun, 08 Feb 2026Rp13955.0tRp5319.0tRp621.3t17.5x22.5x2.6x
Tue, 06 Jan 2026Rp15725.8tRp5310.7tRp620.2t19.1x25.4x3x
Thu, 04 Dec 2025Rp15417.9tRp5312.3tRp616.1t18.1x25x2.9x
Sat, 01 Nov 2025Rp14502.1tRp5280.9tRp634.2t17.1x22.9x2.7x
Mon, 29 Sep 2025Rp14440.1tRp5274.6tRp630.1t16.8x22.9x2.7x
Wed, 27 Aug 2025Rp13863.5tRp5225.6tRp639.5t15.6x21.7x2.7x
Fri, 25 Jul 2025Rp13122.0tRp5138.2tRp625.8t15.2x21x2.6x
Sun, 22 Jun 2025Rp11921.3tRp5142.3tRp627.8t15x19x2.3x
Tue, 20 May 2025Rp12082.9tRp5151.9tRp630.5t15.5x19.2x2.3x
Thu, 17 Apr 2025Rp10837.2tRp5215.9tRp637.1t14.1x17x2.1x
Sat, 15 Mar 2025Rp11039.8tRp5140.6tRp633.8t14.2x17.4x2.1x
Mon, 10 Feb 2025Rp11355.3tRp5174.5tRp575.8t14.5x19.7x2.2x
Wed, 08 Jan 2025Rp12160.6tRp5180.6tRp573.6t14.9x21.2x2.3x
Fri, 06 Dec 2024Rp12228.5tRp5151.6tRp570.9t14.7x21.4x2.4x
Sun, 03 Nov 2024Rp12388.0tRp5041.2tRp543.6t15.7x22.8x2.5x
Tue, 01 Oct 2024Rp12396.5tRp4933.1tRp523.8t15.8x23.7x2.5x
Thu, 29 Aug 2024Rp12888.6tRp4964.6tRp503.4t15.4x25.6x2.6x
Sat, 27 Jul 2024Rp12098.9tRp4972.6tRp497.0t15.1x24.3x2.4x
Mon, 24 Jun 2024Rp11594.2tRp5011.8tRp502.2t13.6x23.1x2.3x
Wed, 22 May 2024Rp12247.7tRp4980.1tRp503.7t14.4x24.3x2.5x
Fri, 19 Apr 2024Rp11658.9tRp4959.1tRp524.0t14.7x22.3x2.4x
Sun, 17 Mar 2024Rp11545.2tRp4869.2tRp596.8t14.4x19.3x2.4x
Tue, 13 Feb 2024Rp11429.0tRp4915.0tRp596.0t14.9x19.2x2.3x
Thu, 11 Jan 2024Rp11281.7tRp4938.7tRp583.3t15.2x19.3x2.3x
Sat, 09 Dec 2023Rp11331.4tRp4933.7tRp584.3t14.7x19.4x2.3x
Mon, 06 Nov 2023Rp10435.4tRp4971.1tRp609.7t14.9x17.1x2.1x
Wed, 04 Oct 2023Rp10208.1tRp4987.8tRp617.6t16x16.5x2x
Fri, 01 Sep 2023Rp10129.4tRp4966.4tRp618.8t15.9x16.4x2x
Sun, 30 Jul 2023Rp9886.5tRp4972.9tRp629.3t16.4x15.7x2x
Tue, 27 Jun 2023Rp9350.8tRp4905.9tRp605.5t15.8x15.4x1.9x
Thu, 25 May 2023Rp9425.9tRp4890.0tRp604.6t16.2x15.6x1.9x
Sat, 22 Apr 2023Rp9568.0tRp4818.6tRp615.7t15.1x15.5x2x
Price to Earnings Ratio

15.5x


Total Market Cap: Rp9568.0tTotal Earnings: Rp615.7tTotal Revenue: Rp4818.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 20.5x202420252026
Current Market PE
  • Investors are relatively neutral on the Indonesian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 20.5x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 4.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Indonesian Market?

ID Market12.22%
Utilities36.12%
Materials23.22%
Energy13.87%
Industrials11.53%
Telecom9.88%
Real Estate9.51%
Consumer Discretionary6.09%
Consumer Staples5.65%
Financials4.73%
Tech1.52%
Healthcare1.05%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 126x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.4%, which is higher than its past year's earnings growth of 13.6% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.5x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 14% per year.
  • In contrast, the Materials sector is expected to see its earnings decline by 8.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
BREN Barito Renewables EnergyRp6.50k39.8%
+Rp247.5t		10.2%PE383.9xUtilities
TPIA Chandra Asri PacificRp6.55k56.7%
+Rp205.0t		-10.9%PE30.3xMaterials
DSSA Dian Swastatika SentosaRp3.30k24.5%
+Rp100.6t		92.1%PE129.3xEnergy
BRPT Barito PacificRp2.44k67.1%
+Rp91.8t		246.1%PE27.2xMaterials
AMMN Amman Mineral InternasionalRp5.73k17.6%
+Rp61.9t		-5.4%PE97.2xMaterials
See more

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MORA
Rp5,725.00
Mora Telematika Indonesia
7D
48.7%
1Y
1,310.1%
TPIA
Rp6,550.00
Chandra Asri Pacific
7D
56.7%
1Y
-10.9%
AMMN
Rp5,725.00
Amman Mineral Internasional
7D
17.6%
1Y
-5.4%
NISP
Rp1,360.00
Bank OCBC NISP
7D
-8.1%
1Y
7.5%
BRPT
Rp2,440.00
Barito Pacific
7D
67.1%
1Y
246.1%
CDIA
Rp1,280.00
Chandra Daya Investasi
7D
46.3%
1Y
n/a
BYAN
Rp12,350.00
Bayan Resources
7D
12.8%
1Y
-38.3%
SILO
Rp2,660.00
Siloam International Hospitals
7D
-3.6%
1Y
25.5%
ICBP
Rp7,225.00
Indofood CBP Sukses Makmur
7D
-1.4%
1Y
-31.0%
MPRO
Rp9,350.00
Maha Properti Indonesia
7D
-1.6%
1Y
362.9%
ELPI
Rp1,745.00
Pelayaran Nasional Ekalya Purnamasari
7D
-4.9%
1Y
382.0%
DSSA
Rp3,300.00
Dian Swastatika Sentosa
7D
24.5%
1Y
92.1%
BREN
Rp6,500.00
Barito Renewables Energy
7D
39.8%
1Y
10.2%
SMMA
Rp13,750.00
Sinar Mas Multiartha
7D
-6.9%
1Y
-11.3%
AADI
Rp10,300.00
Adaro Andalan Indonesia
7D
-2.4%
1Y
59.1%
DCII
Rp199,000.00
DCI Indonesia
7D
-1.4%
1Y
31.1%