Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indonesian (IDX) Market Analysis & Valuation

UpdatedSep 16, 2026
DataAggregated Company Financials
Companies844
  • 7D-3.5%
  • 3M4.1%
  • 1Y-23.2%
  • YTD-31.3%

Over the last 7 days, the market has dropped 3.5%, driven by pullbacks in every sector, especially the Energy sector. In the last 12 months the market is down 23%. Earnings are forecast to grow by 18% annually.

Trending IndustriesOil and GasGoldSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Sep 2026Rp10960.8tRp5874.4tRp672.9t15x16.3x1.9x
Fri, 14 Aug 2026Rp10761.4tRp5876.7tRp676.9t14.1x15.9x1.8x
Sun, 12 Jul 2026Rp10105.9tRp5748.8tRp686.6t14.3x14.7x1.8x
Tue, 09 Jun 2026Rp9071.4tRp5720.5tRp671.2t12.8x13.5x1.6x
Thu, 07 May 2026Rp12290.1tRp5630.6tRp666.5t17.3x18.4x2.2x
Sat, 04 Apr 2026Rp11970.0tRp5472.4tRp654.3t16.7x18.3x2.2x
Mon, 02 Mar 2026Rp14389.7tRp5324.8tRp625.7t18x23x2.7x
Wed, 28 Jan 2026Rp15897.9tRp5310.9tRp619.8t19.7x25.7x3x
Fri, 26 Dec 2025Rp15162.6tRp5316.8tRp621.8t18.1x24.4x2.9x
Sun, 23 Nov 2025Rp15003.3tRp5342.0tRp613.6t17.8x24.5x2.8x
Tue, 21 Oct 2025Rp14301.8tRp5261.7tRp628.2t16.9x22.8x2.7x
Thu, 18 Sep 2025Rp14092.9tRp5246.3tRp631.1t16.9x22.3x2.7x
Sat, 16 Aug 2025Rp13909.9tRp5215.9tRp658.6t15.4x21.1x2.7x
Mon, 14 Jul 2025Rp12064.3tRp5131.7tRp624.7t14.8x19.3x2.4x
Wed, 11 Jun 2025Rp12342.7tRp5135.8tRp626.5t15.4x19.7x2.4x
Fri, 09 May 2025Rp11629.9tRp5166.7tRp633.4t15.5x18.4x2.3x
Sun, 06 Apr 2025Rp10930.6tRp5159.6tRp632.9t14.3x17.3x2.1x
Tue, 04 Mar 2025Rp11110.9tRp5216.1tRp577.0t14.2x19.3x2.1x
Thu, 30 Jan 2025Rp12213.6tRp5154.3tRp576.3t15.2x21.2x2.4x
Sat, 28 Dec 2024Rp12028.2tRp5179.3tRp573.6t14.7x21x2.3x
Mon, 25 Nov 2024Rp11865.0tRp5061.0tRp545.4t14.7x21.8x2.3x
Wed, 23 Oct 2024Rp12818.9tRp4963.3tRp526.3t16.2x24.4x2.6x
Fri, 20 Sep 2024Rp13321.8tRp4951.0tRp505.0t16x26.4x2.7x
Sun, 18 Aug 2024Rp12393.1tRp4972.5tRp503.9t15.1x24.6x2.5x
Tue, 16 Jul 2024Rp12331.1tRp4962.5tRp495.8t14.7x24.9x2.5x
Thu, 13 Jun 2024Rp11453.2tRp5002.8tRp501.2t14.1x22.8x2.3x
Sat, 11 May 2024Rp11776.9tRp4993.6tRp510.7t14.8x23.1x2.4x
Mon, 08 Apr 2024Rp11692.0tRp4916.2tRp522.0t15.2x22.4x2.4x
Wed, 06 Mar 2024Rp11445.9tRp4908.8tRp597.4t14.4x19.2x2.3x
Fri, 02 Feb 2024Rp11273.8tRp4956.2tRp586.9t14.7x19.2x2.3x
Sun, 31 Dec 2023Rp11537.5tRp4923.7tRp583.5t15x19.8x2.3x
Tue, 28 Nov 2023Rp10950.9tRp4960.1tRp601.9t15.1x18.2x2.2x
Thu, 26 Oct 2023Rp10401.7tRp5005.8tRp611.9t15.2x17x2.1x
Sat, 23 Sep 2023Rp10221.3tRp4972.1tRp616.7t16.1x16.6x2.1x
Price to Earnings Ratio

16.6x


Total Market Cap: Rp10221.3tTotal Earnings: Rp616.7tTotal Revenue: Rp4972.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 20.6x202420252026
Current Market PE
  • Investors are pessimistic on the Indonesian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 16.3x which is lower than its 3-year average PE of 20.6x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 2.9% per year over the last three years.
  • Revenues for these companies have grown 5.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Indonesian Market?

ID Market-3.55%
Healthcare-0.53%
Tech-1.73%
Materials-1.89%
Telecom-2.47%
Financials-2.65%
Industrials-2.76%
Real Estate-3.19%
Consumer Discretionary-3.25%
Consumer Staples-3.46%
Utilities-4.08%
Energy-9.90%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 141x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.1%, which is higher than its past year's earnings growth of 2.3% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.7x.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Real Estate industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
AMMN Amman Mineral InternasionalRp5.15k4.9%
+Rp17.4t		-36.0%PE38.5xMaterials
SRAJ Sejahteraraya AnugrahjayaRp13.65k3.6%
+Rp5.8t		40.0%PS61.8xHealthcare
JARR Jhonlin Agro RayaRp3.89k14.1%
+Rp4.4t		117.3%PE134.5xConsumer Staples
BRMS Bumi Resources MineralsRp730.003.5%
+Rp3.5t		29.2%PE146.5xMaterials
ULTJ Ultrajaya Milk Industry & TradingRp1.88k21.3%
+Rp3.4t		44.1%PE10.9xConsumer Staples
See more

Market Insights

Header cover image
Greater regulatory scrutiny is catching up with digital platforms, posing a rising risk for social media stocks. But as Big Tobacco discovered, that's not always a bad outcome for shareholders.
Continue reading
What 13F filings won't tell you about a billionaire's stock picks

Latest News

BRMS
Rp730.00
Bumi Resources Minerals
7D
3.5%
1Y
29.2%
ULTJ
Rp1,880.00
Ultrajaya Milk Industry & Trading
7D
21.3%
1Y
44.1%
AMMN
Rp5,150.00
Amman Mineral Internasional
7D
4.9%
1Y
-36.0%
BYAN
Rp11,350.00
Bayan Resources
7D
-17.6%
1Y
-38.4%
SRAJ
Rp13,650.00
Sejahteraraya Anugrahjaya
7D
3.6%
1Y
40.0%
BBRI
Rp3,330.00
Bank Rakyat Indonesia (Persero)
7D
-2.6%
1Y
-21.1%
Narrative Update • Sep 11

BBRI: Higher Fair Value Will Signal Limited Upside And Overvaluation

Analysts have revised their fair value estimate for Bank Rakyat Indonesia (Persero) to IDR 2,860 from IDR 2,730, citing updated assumptions for revenue growth, profit margins and future P/E levels, together with a slightly lower discount rate. What’s in the News for Bank Rakyat Indonesia (Persero) No recent company specific news items for Bank Rakyat Indonesia (Persero) were identified in the provided sources up to 11 Sep 2026.
VICI
Rp1,225.00
Victoria Care Indonesia
7D
16.7%
1Y
92.9%
EMAS
Rp7,475.00
Merdeka Gold Resources
7D
-13.1%
1Y
n/a
BBCA
Rp6,325.00
Bank Central Asia
7D
-3.1%
1Y
-19.4%
JARR
Rp3,890.00
Jhonlin Agro Raya
7D
14.1%
1Y
117.3%
DSSA
Rp1,085.00
Dian Swastatika Sentosa
7D
-7.3%
1Y
-75.3%
ALKA
Rp7,400.00
Alakasa Industrindo
7D
63.4%
1Y
2,212.5%
MORA
Rp5,100.00
Mora Telematika Indonesia
7D
-5.6%
1Y
1,080.6%
SMMT
Rp3,100.00
Golden Eagle Energy
7D
13.1%
1Y
161.6%
BREN
Rp3,090.00
Barito Renewables Energy
7D
-6.4%
1Y
-65.4%
DCII
Rp192,900.00
DCI Indonesia
7D
-4.3%
1Y
-36.7%