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Indonesian (IDX) General Merchandise and Department Stores Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies7
  • 7D0.2%
  • 3M5.7%
  • 1Y-4.6%
  • YTD-8.9%

Last week, the General Merchandise and Department Stores industry hasn't moved much but GoTo Gojek Tokopedia is up 6.6% in that time. Unfortunately though, the industry is down 5.4% over the past 12 months. Looking forward, earnings are forecast to grow by 36% annually.

Industry Valuation and Performance

Has the Indonesian General Merchandise and Department Stores Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 26 Nov 2025Rp196.9tRp108.5tRp1.4t9.9x136.6x1.8x
Fri, 24 Oct 2025Rp177.9tRp104.4t-Rp2,393,250,264,000.0011.3x-74.3x1.7x
Sun, 21 Sep 2025Rp177.7tRp104.4t-Rp2,393,250,264,000.0010.9x-74.3x1.7x
Tue, 19 Aug 2025Rp193.0tRp104.4t-Rp2,393,250,264,000.0012.3x-80.6x1.8x
Thu, 17 Jul 2025Rp186.8tRp102.3t-Rp4,140,309,050,000.0011.2x-45.1x1.8x
Sat, 14 Jun 2025Rp205.3tRp102.3t-Rp4,140,309,050,000.0011.4x-49.6x2x
Mon, 12 May 2025Rp224.7tRp102.3t-Rp4,140,309,050,000.0011.9x-54.3x2.2x
Wed, 09 Apr 2025Rp202.2tRp99.5t-Rp5,406,521,467,000.009.6x-37.4x2x
Fri, 07 Mar 2025Rp220.3tRp96.0t-Rp85,915,069,065,000.0011.5x-2.6x2.3x
Sun, 02 Feb 2025Rp225.8tRp96.0t-Rp85,915,069,065,000.0010.7x-2.6x2.4x
Tue, 31 Dec 2024Rp217.5tRp96.0t-Rp85,915,069,065,000.0010.6x-2.5x2.3x
Thu, 28 Nov 2024Rp179.7tRp90.6t-Rp86,606,954,065,000.0011.1x-2.1x2x
Sat, 26 Oct 2024Rp183.1tRp88.5t-Rp88,512,496,460,000.0013.6x-2.1x2.1x
Mon, 23 Sep 2024Rp171.0tRp88.5t-Rp88,512,496,460,000.007x-1.9x1.9x
Wed, 21 Aug 2024Rp154.8tRp88.5t-Rp88,512,496,460,000.005.6x-1.7x1.8x
Fri, 19 Jul 2024Rp152.0tRp88.1t-Rp88,260,769,030,000.005x-1.7x1.7x
Sun, 16 Jun 2024Rp153.3tRp88.1t-Rp88,260,769,030,000.004.6x-1.7x1.7x
Tue, 14 May 2024Rp170.6tRp88.1t-Rp88,260,769,030,000.005.4x-1.9x1.9x
Thu, 11 Apr 2024Rp178.8tRp78.2t-Rp93,337,102,038,000.0010.5x-1.9x2.3x
Sat, 09 Mar 2024Rp181.1tRp77.2t-Rp33,368,704,500,000.0010x-5.4x2.3x
Mon, 05 Feb 2024Rp208.2tRp77.2t-Rp33,368,704,500,000.0010.4x-6.2x2.7x
Wed, 03 Jan 2024Rp206.1tRp77.2t-Rp33,368,704,500,000.0010.4x-6.2x2.7x
Fri, 01 Dec 2023Rp211.3tRp77.4t-Rp33,733,992,500,000.009.8x-6.3x2.7x
Sun, 29 Oct 2023Rp164.9tRp76.6t-Rp38,029,962,500,000.0010.6x-4.3x2.2x
Tue, 26 Sep 2023Rp201.9tRp76.3t-Rp42,612,700,120,000.0011.1x-4.7x2.6x
Thu, 24 Aug 2023Rp203.9tRp76.3t-Rp42,612,700,120,000.0011.9x-4.8x2.7x
Sat, 22 Jul 2023Rp240.5tRp79.0t-Rp52,328,522,432,000.005.9x-4.6x3x
Mon, 19 Jun 2023Rp240.5tRp79.0t-Rp52,328,522,432,000.006.3x-4.6x3x
Wed, 17 May 2023Rp238.4tRp78.3t-Rp37,060,610,995,000.009.8x-6.4x3x
Fri, 14 Apr 2023Rp208.1tRp74.5t-Rp39,446,664,995,000.0010.1x-5.3x2.8x
Sun, 12 Mar 2023Rp41.6tRp45.7tRp3.9t11.5x10.7x0.9x
Tue, 07 Feb 2023Rp41.8tRp45.7tRp4.0t11.7x10.3x0.9x
Thu, 05 Jan 2023Rp40.4tRp45.7tRp4.0t10.9x10x0.9x
Sat, 03 Dec 2022Rp43.5tRp45.7tRp4.0t11x10.8x1x
Price to Earnings Ratio

10.8x


Total Market Cap: Rp43.5tTotal Earnings: Rp4.0tTotal Revenue: Rp45.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian General Merchandise and Department Stores Industry Price to Earnings3Y Average -9.8x202320242025
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 137x which is higher than its 3-year average PE of -9.9x.
  • The 3-year average PS ratio of 2.1x 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 Market1.89%
Consumer Discretionary4.44%
General Merchandise and Department Stores0.19%
Broadline Retail0.19%
Department Stores0%0
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 36.3%, 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 36% 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 36% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
GOTO GoTo Gojek TokopediaRp65.008.3%
+Rp5.3t
-12.2%PS3.9x
MLPL MultipolarRp148.006.5%
+Rp140.5b
13.0%PS0.2x
BUKA Bukalapak.comRp168.000.6%
+Rp94.5b
37.7%PE8.1x

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