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Indonesian (IDX) Market Analysis & Valuation

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies841
  • 7D0.9%
  • 3M-3.8%
  • 1Y22.9%
  • YTD-7.0%

Over the last 7 days, the market has remained flat, although notably the Consumer Discretionary sector gained 3.9% in that time. More promisingly, the market is up 23% over the past year. Looking forward, earnings are forecast to grow by 14% annually.

Trending IndustriesOil and GasSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026Rp14617.5tRp5325.6tRp624.6t18.3x23.4x2.7x
Sat, 17 Jan 2026Rp16033.9tRp5321.5tRp621.0t20.3x25.8x3x
Mon, 15 Dec 2025Rp15449.8tRp5313.4tRp619.9t18.1x24.9x2.9x
Wed, 12 Nov 2025Rp14910.5tRp5338.8tRp615.3t17.5x24.2x2.8x
Fri, 10 Oct 2025Rp14979.7tRp5259.3tRp628.0t17.4x23.9x2.8x
Sun, 07 Sep 2025Rp13803.4tRp5246.4tRp631.7t15.8x21.8x2.6x
Tue, 05 Aug 2025Rp13044.2tRp5227.4tRp659.3t14.9x19.8x2.5x
Thu, 03 Jul 2025Rp11816.8tRp5127.5tRp624.4t14.7x18.9x2.3x
Sat, 31 May 2025Rp12147.8tRp5137.2tRp627.7t15.3x19.4x2.4x
Mon, 28 Apr 2025Rp11360.3tRp5184.6tRp641.0t15.1x17.7x2.2x
Wed, 26 Mar 2025Rp10476.6tRp5160.3tRp635.9t13.7x16.5x2x
Fri, 21 Feb 2025Rp11465.7tRp5177.0tRp573.5t14.6x20x2.2x
Sun, 19 Jan 2025Rp12227.9tRp5165.3tRp575.5t15.2x21.2x2.4x
Tue, 17 Dec 2024Rp12228.4tRp5158.8tRp572.4t14.8x21.4x2.4x
Thu, 14 Nov 2024Rp12127.1tRp5052.0tRp543.8t14.7x22.3x2.4x
Sat, 12 Oct 2024Rp12318.4tRp4973.2tRp527.0t16x23.4x2.5x
Mon, 09 Sep 2024Rp13062.8tRp4959.5tRp506.0t16x25.8x2.6x
Wed, 07 Aug 2024Rp11830.5tRp5007.1tRp508.3t14.2x23.3x2.4x
Fri, 05 Jul 2024Rp12259.0tRp4979.1tRp500.2t14.1x24.5x2.5x
Sun, 02 Jun 2024Rp11698.4tRp4999.7tRp505.9t14.3x23.1x2.3x
Tue, 30 Apr 2024Rp11604.9tRp4966.5tRp526.1t15x22.1x2.3x
Thu, 28 Mar 2024Rp11589.5tRp4908.0tRp540.5t14x21.4x2.4x
Sat, 24 Feb 2024Rp11493.3tRp4909.7tRp594.5t14.5x19.3x2.3x
Mon, 22 Jan 2024Rp11287.8tRp4943.3tRp584.0t15.2x19.3x2.3x
Wed, 20 Dec 2023Rp11405.8tRp4932.9tRp584.6t14.8x19.5x2.3x
Fri, 17 Nov 2023Rp10806.8tRp4954.3tRp601.1t15x18x2.2x
Sun, 15 Oct 2023Rp10247.1tRp4989.6tRp608.9t15.7x16.8x2.1x
Tue, 12 Sep 2023Rp10143.5tRp4971.2tRp616.7t16.4x16.4x2x
Thu, 10 Aug 2023Rp9890.8tRp4978.3tRp623.4t16.3x15.9x2x
Sat, 08 Jul 2023Rp9600.1tRp4974.4tRp624.3t15.8x15.4x1.9x
Mon, 05 Jun 2023Rp9227.3tRp4891.9tRp604.2t15.7x15.3x1.9x
Wed, 03 May 2023Rp9685.2tRp4824.1tRp616.3t15.7x15.7x2x
Fri, 31 Mar 2023Rp9365.0tRp4751.4tRp622.8t14.2x15x2x
Sun, 26 Feb 2023Rp9324.8tRp4692.4tRp633.4t14.4x14.7x2x
Price to Earnings Ratio

14.7x


Total Market Cap: Rp9324.8tTotal Earnings: Rp633.4tTotal Revenue: Rp4692.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 20.2x202420252026
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 23.2x which is higher than its 3-year average PE of 20.2x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 4.3% 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 Market-0.078%
Consumer Discretionary3.65%
Industrials2.69%
Telecom1.33%
Consumer Staples0.80%
Financials0.21%
Real Estate-0.16%
Tech-0.55%
Energy-0.65%
Healthcare-1.20%
Utilities-1.26%
Materials-1.34%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 121x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.9%, which is higher than its past year's earnings growth of 7.0% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.7x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 8.0% 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
BMRI Bank Mandiri (Persero)Rp5.28k5.0%
+Rp23.3t		1.9%PB1.7xFinancials
MORA Mora Telematika IndonesiaRp7.70k9.6%
+Rp16.0t		1,981.1%PE653xTelecom
HMSP Hanjaya Mandala SampoernaRp935.0011.3%
+Rp11.1t		58.5%PE18.3xConsumer Staples
EMAS Merdeka Gold ResourcesRp7.70k8.5%
+Rp8.8t		n/aPS59228.3xMaterials
INDS IndospringRp2.76k94.4%
+Rp8.8t		1,110.5%PE262.9xConsumer Discretionary
See more

Market Insights

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INDS
Rp2,760.00
Indospring
7D
94.4%
1Y
1,110.5%
ENRG
Rp1,540.00
Energi Mega Persada
7D
24.7%
1Y
647.6%
BMRI
Rp5,275.00
Bank Mandiri (Persero)
7D
5.0%
1Y
1.9%
TPIA
Rp6,900.00
Chandra Asri Pacific
7D
-5.8%
1Y
-13.8%
BBCA
Rp7,275.00
Bank Central Asia
7D
-2.3%
1Y
-18.7%
BREN
Rp8,225.00
Barito Renewables Energy
7D
-0.9%
1Y
22.3%
CUAN
Rp1,795.00
Petrindo Jaya Kreasi
7D
-6.8%
1Y
120.2%
BRPT
Rp2,150.00
Barito Pacific
7D
-5.7%
1Y
151.5%
IMPC
Rp2,400.00
Impack Pratama Industri
7D
4.8%
1Y
654.7%
AMMN
Rp7,525.00
Amman Mineral Internasional
7D
-3.5%
1Y
7.1%
EMAS
Rp7,700.00
Merdeka Gold Resources
7D
8.5%
1Y
n/a
MBMA
Rp785.00
Merdeka Battery Materials
7D
7.5%
1Y
109.9%
BRMS
Rp1,040.00
Bumi Resources Minerals
7D
-4.1%
1Y
164.0%
DSSA
Rp91,500.00
Dian Swastatika Sentosa
7D
-5.7%
1Y
149.0%
HMSP
Rp935.00
Hanjaya Mandala Sampoerna
7D
11.3%
1Y
58.5%
MORA
Rp7,700.00
Mora Telematika Indonesia
7D
9.6%
1Y
1,981.1%