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Indonesian (IDX) General Merchandise and Department Stores Industry Analysis
UpdatedJan 23, 2026
DataAggregated Company Financials
Companies7
- 7D-1.9%
- 3M12.0%
- 1Y-15.6%
- YTD-3.6%
The General Merchandise and Department Stores industry has been flat over the last week, but GoTo Gojek Tokopedia has lost 7.2%. As for the longer term, the industry has declined 13% in the last year. As for the next few years, earnings are expected to grow by 31% per annum.
Industry Valuation and Performance
Has the Indonesian General Merchandise and Department Stores Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 23 Jan 2026 | Rp196.2t | Rp108.5t | Rp1.4t | 9.6x | 136.2x | 1.8x |
| Sun, 21 Dec 2025 | Rp198.2t | Rp108.5t | Rp1.4t | 9.2x | 137.6x | 1.8x |
| Tue, 18 Nov 2025 | Rp198.5t | Rp108.5t | Rp1.4t | 10.1x | 137.7x | 1.8x |
| Thu, 16 Oct 2025 | Rp174.7t | Rp104.4t | -Rp2,393,250,264,000.00 | 10.4x | -73x | 1.7x |
| Sat, 13 Sep 2025 | Rp174.6t | Rp104.4t | -Rp2,393,250,264,000.00 | 10.7x | -73x | 1.7x |
| Mon, 11 Aug 2025 | Rp192.0t | Rp103.7t | -Rp3,933,759,264,000.00 | 10.9x | -48.8x | 1.9x |
| Wed, 09 Jul 2025 | Rp191.0t | Rp102.3t | -Rp4,140,309,050,000.00 | 10.8x | -46.1x | 1.9x |
| Fri, 06 Jun 2025 | Rp198.6t | Rp102.3t | -Rp4,140,309,050,000.00 | 11.3x | -48x | 1.9x |
| Sun, 04 May 2025 | Rp219.8t | Rp100.4t | -Rp4,617,040,050,000.00 | 11.3x | -47.6x | 2.2x |
| Tue, 01 Apr 2025 | Rp222.6t | Rp98.2t | -Rp5,788,420,467,000.00 | 11.2x | -38.5x | 2.3x |
| Thu, 27 Feb 2025 | Rp223.2t | Rp96.0t | -Rp85,915,069,065,000.00 | 12.5x | -2.6x | 2.3x |
| Sat, 25 Jan 2025 | Rp227.2t | Rp96.0t | -Rp85,915,069,065,000.00 | 10.9x | -2.6x | 2.4x |
| Mon, 23 Dec 2024 | Rp171.8t | Rp90.6t | -Rp86,606,954,065,000.00 | 8.7x | -2x | 1.9x |
| Wed, 20 Nov 2024 | Rp181.0t | Rp90.6t | -Rp86,606,954,065,000.00 | 12x | -2.1x | 2x |
| Fri, 18 Oct 2024 | Rp179.3t | Rp88.5t | -Rp88,512,496,460,000.00 | 9.1x | -2x | 2x |
| Sun, 15 Sep 2024 | Rp166.0t | Rp88.5t | -Rp88,512,496,460,000.00 | 6.1x | -1.9x | 1.9x |
| Tue, 13 Aug 2024 | Rp150.6t | Rp88.5t | -Rp88,512,496,460,000.00 | 5.2x | -1.7x | 1.7x |
| Thu, 11 Jul 2024 | Rp151.1t | Rp88.1t | -Rp88,260,769,030,000.00 | 5x | -1.7x | 1.7x |
| Sat, 08 Jun 2024 | Rp164.0t | Rp88.1t | -Rp88,260,769,030,000.00 | 4.8x | -1.9x | 1.9x |
| Mon, 06 May 2024 | Rp170.6t | Rp88.0t | -Rp88,447,656,030,000.00 | 4.6x | -1.9x | 1.9x |
| Wed, 03 Apr 2024 | Rp180.7t | Rp78.1t | -Rp93,296,458,038,000.00 | 10.2x | -1.9x | 2.3x |
| Fri, 01 Mar 2024 | Rp183.3t | Rp77.2t | -Rp33,368,704,500,000.00 | 10.1x | -5.5x | 2.4x |
| Sun, 28 Jan 2024 | Rp197.8t | Rp77.2t | -Rp33,368,704,500,000.00 | 10.2x | -5.9x | 2.6x |
| Tue, 26 Dec 2023 | Rp202.7t | Rp77.2t | -Rp33,368,704,500,000.00 | 9.9x | -6.1x | 2.6x |
| Thu, 23 Nov 2023 | Rp196.2t | Rp77.4t | -Rp33,733,992,500,000.00 | 9.5x | -5.8x | 2.5x |
| Sat, 21 Oct 2023 | Rp175.0t | Rp76.3t | -Rp42,612,700,120,000.00 | 11.1x | -4.1x | 2.3x |
| Mon, 18 Sep 2023 | Rp208.0t | Rp76.3t | -Rp42,612,700,120,000.00 | 11.1x | -4.9x | 2.7x |
| Wed, 16 Aug 2023 | Rp209.2t | Rp74.7t | -Rp46,490,563,120,000.00 | 11.9x | -4.5x | 2.8x |
| Fri, 14 Jul 2023 | Rp230.9t | Rp79.0t | -Rp52,328,522,432,000.00 | 5.9x | -4.4x | 2.9x |
| Sun, 11 Jun 2023 | Rp251.5t | Rp79.0t | -Rp52,328,522,432,000.00 | 6.2x | -4.8x | 3.2x |
| Tue, 09 May 2023 | Rp225.9t | Rp76.5t | -Rp39,669,047,995,000.00 | 10.7x | -5.7x | 3x |
| Thu, 06 Apr 2023 | Rp228.7t | Rp72.2t | -Rp30,008,597,995,000.00 | 10.3x | -7.6x | 3.2x |
| Sat, 04 Mar 2023 | Rp44.6t | Rp45.7t | Rp4.0t | 11.9x | 11x | 1x |
| Mon, 30 Jan 2023 | Rp37.8t | Rp45.7t | Rp4.0t | 10.9x | 9.4x | 0.8x |
Price to Earnings Ratio
9.4x
Current Industry PE
- Investors are optimistic on the Indonesian Multiline Retail industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 139x which is higher than its 3-year average PE of -3.1x.
- The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Multiline Retail industry have declined 29% per year over the last three years.
- Meanwhile revenues for these companies have grown 33% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Indonesian Consumer Discretionary industry?
| ID Market | -0.68% | |
| Consumer Discretionary | 1.56% | |
| General Merchandise and Department Stores | -1.95% | |
| Department Stores | 0% | 0 |
| Broadline Retail | -1.95% | |
Industry PE
- Investors are most optimistic about the Broadline Retail industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 30.9%, which is higher than its past year's earnings growth of 20.9% per year.
- Investors are most pessimistic about the Broadline Retail industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings growth rate of 21% per year.
- In contrast, the Broadline Retail industry is expected to see its earnings grow by 31% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MAPI PT. Mitra Adiperkasa | Rp1.26k | 6.4% +Rp1.2t | -6.0% | PE11.3x | |
| BELI Global Digital Niaga | Rp470.00 | 0.9% +Rp535.5b | 4.4% | PS3.2x | |
| BUKA Bukalapak.com | Rp160.00 | 1.3% +Rp189.0b | 35.6% | PE7.7x | |
| LPPF Matahari Department Store | Rp1.87k | 3.6% +Rp144.8b | 23.5% | PE5.2x | |
| MLPL Multipolar | Rp148.00 | 1.4% +Rp31.2b | 33.3% | PS0.2x |