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Indonesian (IDX) Market Analysis & Valuation

UpdatedOct 26, 2025
DataAggregated Company Financials
Companies846
  • 7D3.3%
  • 3M11.8%
  • 1Y13.6%
  • YTD19.8%

Over the last 7 days, the market has risen 3.3%, driven by gains of 8.3% in the Financials sector. On the other hand, with a decline of 5.9%, the Information Technology sector is lagging behind. As for the past 12 months, the market is up 14%. Earnings are forecast to grow by 8.8% annually.

Trending IndustriesOil and GasSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Oct 2025Rp14793.8tRp5265.7tRp629.0t17x23.5x2.8x
Tue, 23 Sep 2025Rp14246.5tRp5277.1tRp630.3t16.9x22.6x2.7x
Thu, 21 Aug 2025Rp13871.1tRp5220.8tRp639.0t15.7x21.7x2.7x
Sat, 19 Jul 2025Rp12647.4tRp5138.3tRp625.5t15.1x20.2x2.5x
Mon, 16 Jun 2025Rp12220.2tRp5136.3tRp627.0t15.4x19.5x2.4x
Wed, 14 May 2025Rp11612.4tRp5172.6tRp634.3t15.2x18.3x2.2x
Fri, 11 Apr 2025Rp10460.0tRp5197.1tRp633.9t13.8x16.5x2x
Sun, 09 Mar 2025Rp11272.1tRp5133.4tRp551.4t14.3x20.4x2.2x
Tue, 04 Feb 2025Rp11907.8tRp5174.7tRp578.8t14.8x20.6x2.3x
Thu, 02 Jan 2025Rp12098.8tRp5169.6tRp572.5t14.6x21.1x2.3x
Sat, 30 Nov 2024Rp11818.1tRp5065.7tRp550.3t14.3x21.5x2.3x
Mon, 28 Oct 2024Rp12680.3tRp4974.8tRp529.7t16x23.9x2.5x
Wed, 25 Sep 2024Rp12789.1tRp4947.6tRp524.5t16x24.4x2.6x
Fri, 23 Aug 2024Rp12538.1tRp4974.1tRp502.5t15x25x2.5x
Sun, 21 Jul 2024Rp12165.4tRp4962.8tRp494.4t15.1x24.6x2.5x
Tue, 18 Jun 2024Rp11357.6tRp5010.0tRp502.0t14.1x22.6x2.3x
Thu, 16 May 2024Rp11784.8tRp4986.7tRp508.1t14.5x23.2x2.4x
Sat, 13 Apr 2024Rp11692.1tRp4932.7tRp520.1t15.3x22.5x2.4x
Mon, 11 Mar 2024Rp11674.3tRp4890.8tRp591.2t14.4x19.7x2.4x
Wed, 07 Feb 2024Rp11393.7tRp4928.4tRp598.2t14.9x19x2.3x
Fri, 05 Jan 2024Rp11672.3tRp4931.8tRp582.2t15.3x20x2.4x
Sun, 03 Dec 2023Rp10939.5tRp4921.7tRp586.2t15.1x18.7x2.2x
Tue, 31 Oct 2023Rp10411.6tRp5003.4tRp614.6t15.2x16.9x2.1x
Thu, 28 Sep 2023Rp10159.8tRp4985.9tRp619.0t15.9x16.4x2x
Sat, 26 Aug 2023Rp10032.0tRp4979.2tRp620.2t15.9x16.2x2x
Mon, 24 Jul 2023Rp9811.0tRp4967.0tRp625.7t16.5x15.7x2x
Wed, 21 Jun 2023Rp9330.5tRp4908.0tRp604.5t15.6x15.4x1.9x
Fri, 19 May 2023Rp9334.0tRp4887.5tRp604.5t16.1x15.4x1.9x
Sun, 16 Apr 2023Rp9459.0tRp4777.2tRp608.2t15.1x15.6x2x
Tue, 14 Mar 2023Rp9246.6tRp4757.2tRp638.7t14.3x14.5x1.9x
Thu, 09 Feb 2023Rp9374.3tRp4667.3tRp630.4t14.4x14.9x2x
Sat, 07 Jan 2023Rp9060.6tRp4660.6tRp626.8t14.1x14.5x1.9x
Mon, 05 Dec 2022Rp9339.8tRp4627.4tRp627.4t14.7x14.9x2x
Wed, 02 Nov 2022Rp9180.7tRp4460.2tRp601.8t15.7x15.3x2.1x
Price to Earnings Ratio

15.3x


Total Market Cap: Rp9180.7tTotal Earnings: Rp601.8tTotal Revenue: Rp4460.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 19.2x202320242025
Current Market PE
  • Investors are optimistic on the Indonesian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 23.5x which is higher than its 3-year average PE of 19.2x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 5.7% 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 Market3.34%
Real Estate12.38%
Industrials11.42%
Financials8.31%
Telecom6.24%
Consumer Staples3.41%
Healthcare2.87%
Energy1.68%
Consumer Discretionary0.31%
Utilities-0.11%
Materials-0.24%
Tech-5.85%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 107x.
    • Analysts are expecting annual earnings growth of 7.3%, which is lower than the prior year's growth of 12.2% per year.
  • The Industrials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.7x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Industrials sector is expected to see its earnings grow by 2.6% 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
BBCA Bank Central AsiaRp8.28k10.3%
+Rp95.5t		-23.0%PB3.7xFinancials
RISE Jaya Sukses Makmur SentosaRp12.60k106.6%
+Rp71.1t		1,172.7%PE2231.5xReal Estate
BBRI Bank Rakyat Indonesia (Persero)Rp3.85k10.0%
+Rp52.7t		-19.3%PB1.8xFinancials
BMRI Bank Mandiri (Persero)Rp4.55k12.3%
+Rp46.7t		-35.5%PB1.6xFinancials
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.29k14.2%
+Rp40.6t		13.1%PE14.3xTelecom
See more

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TLKM
Rp3,290.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
14.2%
1Y
13.1%

Management Changes And Improved Margins Will Drive Digital Connectivity Forward

Analysts have slightly raised their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from Rp3,510 to approximately Rp3,517. This change reflects updated assumptions around revenue growth and market conditions.
ANTM
Rp3,130.00
Aneka Tambang
7D
-9.3%
1Y
97.5%
UNVR
Rp2,530.00
Unilever Indonesia
7D
33.2%
1Y
20.5%
BRMS
Rp880.00
Bumi Resources Minerals
7D
-14.1%
1Y
151.4%
TPIA
Rp7,275.00
Chandra Asri Pacific
7D
5.1%
1Y
-20.1%
BBRI
Rp3,850.00
Bank Rakyat Indonesia (Persero)
7D
10.0%
1Y
-19.3%
BMRI
Rp4,550.00
Bank Mandiri (Persero)
7D
12.3%
1Y
-35.5%
RISE
Rp12,600.00
Jaya Sukses Makmur Sentosa
7D
106.6%
1Y
1,172.7%
EMTK
Rp1,100.00
Elang Mahkota Teknologi
7D
-11.6%
1Y
123.6%
ICBP
Rp8,800.00
Indofood CBP Sukses Makmur
7D
-6.4%
1Y
-30.4%
ASII
Rp6,575.00
Astra International
7D
16.9%
1Y
25.8%
BBCA
Rp8,275.00
Bank Central Asia
7D
10.3%
1Y
-23.0%
BREN
Rp9,175.00
Barito Renewables Energy
7D
-1.3%
1Y
26.1%
AMMN
Rp7,675.00
Amman Mineral Internasional
7D
-4.1%
1Y
-16.8%
MLPT
Rp84,750.00
Multipolar Technology
7D
-32.2%
1Y
509.7%