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Indonesian (IDX) Market Analysis & Valuation

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies844
  • 7D-12.3%
  • 3M-30.2%
  • 1Y-27.4%
  • YTD-42.1%

Over the last 7 days, the market has dropped 12%, driven by pullbacks in every sector, especially the Financials sector. In the last 12 months the market is down 27%. Earnings are forecast to grow by 15% annually.

Trending IndustriesOil and GasSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 21 Aug 2023Rp9938.1tRp4992.7tRp628.6t16.1x15.8x2x
Wed, 19 Jul 2023Rp9728.8tRp4963.6tRp625.3t16.1x15.6x2x
Fri, 16 Jun 2023Rp9381.0tRp4903.1tRp603.8t15.7x15.5x1.9x
Price to Earnings Ratio

15.5x


Total Market Cap: Rp9381.0tTotal Earnings: Rp603.8tTotal Revenue: Rp4903.1tTotal 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 13.5x which is lower than its 3-year average PE of 20.6x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 3.6% per year over the last three years.
  • Revenues for these companies have grown 5.3% 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-12.26%
Utilities-2.65%
Energy-6.29%
Consumer Discretionary-10.74%
Financials-11.81%
Consumer Staples-13.75%
Materials-14.22%
Real Estate-14.26%
Tech-14.50%
Healthcare-16.19%
Industrials-16.24%
Telecom-16.41%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 132x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.0% which is higher than its past year's earnings decline of 0.9% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.3x.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings growth rate of 6.9% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 6.7% 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
SMMA Sinar Mas MultiarthaRp24.00k33.5%
+Rp38.4t		50.7%PE50.9xFinancials
MSIN MNC Digital EntertainmentRp570.0054.1%
+Rp12.1t		9.6%PE33.6xTelecom
DSSA Dian Swastatika SentosaRp675.009.8%
+Rp9.3t		-70.5%PE24.9xEnergy
ADMR Alamtri Minerals IndonesiaRp1.59k9.3%
+Rp5.5t		56.9%PE12.2xMaterials
TPIA Chandra Asri PacificRp1.96k2.9%
+Rp4.8t		-81.4%PE7.4xMaterials
See more

Market Insights

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Latest News

BBRI
Rp2,790.00
Bank Rakyat Indonesia (Persero)
7D
-8.2%
1Y
-32.8%
SMMA
Rp24,000.00
Sinar Mas Multiartha
7D
33.5%
1Y
50.7%
TPIA
Rp1,955.00
Chandra Asri Pacific
7D
2.9%
1Y
-81.4%
AMMN
Rp3,410.00
Amman Mineral Internasional
7D
-12.3%
1Y
-57.4%
MMIX
Rp750.00
Multi Medika Internasional
7D
42.9%
1Y
733.3%
CDIA
Rp695.00
Chandra Daya Investasi
7D
-20.1%
1Y
n/a
DSSA
Rp675.00
Dian Swastatika Sentosa
7D
9.8%
1Y
-70.5%
TBIG
Rp1,525.00
Tower Bersama Infrastructure
7D
4.5%
1Y
-33.4%
ADMR
Rp1,585.00
Alamtri Minerals Indonesia
7D
9.3%
1Y
56.9%
MSIN
Rp570.00
MNC Digital Entertainment
7D
54.1%
1Y
9.6%
TLKM
Rp2,620.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-11.2%
1Y
-10.0%
Narrative Update • May 25

TLKM: Share Buyback And Governance Delays Will Shape Fairly Valued Outlook

Analysts now see fair value for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia at about IDR 3,023.79 per share, down from roughly IDR 3,169.91, reflecting updated assumptions for slower revenue growth, slightly higher profit margins, and a modestly lower future P/E multiple. What's in the News Announced a share repurchase program to buy back up to 10% of issued share capital, with funding of IDR 1,000,000 million sourced from existing cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026 (Key Developments).
BRPT
Rp1,660.00
Barito Pacific
7D
-14.0%
1Y
10.3%
MGLV
Rp8,325.00
Panca Anugrah Wisesa
7D
12.9%
1Y
4,062.5%
BBCA
Rp5,150.00
Bank Central Asia
7D
-11.6%
1Y
-43.4%
MORA
Rp5,925.00
Mora Telematika Indonesia
7D
-13.5%
1Y
1,234.5%
DCII
Rp173,500.00
DCI Indonesia
7D
-8.7%
1Y
13.4%