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Indonesian (IDX) General Merchandise and Department Stores Industry Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies7
  • 7D3.5%
  • 3M-7.2%
  • 1Y-10.7%
  • YTD-17.8%

Over the last 7 days, the General Merchandise and Department Stores industry has risen 2.5%, driven by gains from Global Digital Niaga of 5.1%. However, the industry is down 14% over the past year. As for the next few years, earnings are expected to grow by 51% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Sep 2025Rp180.0tRp104.4t-Rp2,393,250,264,000.0011.5x-75.2x1.7x
Sat, 16 Aug 2025Rp192.4tRp104.4t-Rp2,393,250,264,000.0012.3x-80.4x1.8x
Mon, 14 Jul 2025Rp187.5tRp102.3t-Rp4,140,309,050,000.0011.2x-45.3x1.8x
Wed, 11 Jun 2025Rp203.7tRp102.3t-Rp4,140,309,050,000.0011.9x-49.2x2x
Fri, 09 May 2025Rp225.5tRp101.6t-Rp4,266,053,050,000.0012.1x-52.9x2.2x
Sun, 06 Apr 2025Rp222.6tRp99.5t-Rp5,406,521,467,000.0011.2x-41.2x2.2x
Tue, 04 Mar 2025Rp224.8tRp96.0t-Rp85,915,069,065,000.0011.5x-2.6x2.3x
Thu, 30 Jan 2025Rp228.5tRp96.0t-Rp85,915,069,065,000.0010.9x-2.7x2.4x
Sat, 28 Dec 2024Rp209.5tRp96.0t-Rp85,915,069,065,000.0010.5x-2.4x2.2x
Mon, 25 Nov 2024Rp183.5tRp90.6t-Rp86,606,954,065,000.0011.1x-2.1x2x
Wed, 23 Oct 2024Rp182.5tRp88.5t-Rp88,512,496,460,000.0011.9x-2.1x2.1x
Fri, 20 Sep 2024Rp169.8tRp88.5t-Rp88,512,496,460,000.006.3x-1.9x1.9x
Sun, 18 Aug 2024Rp154.3tRp88.5t-Rp88,512,496,460,000.005.5x-1.7x1.7x
Tue, 16 Jul 2024Rp150.5tRp88.1t-Rp88,260,769,030,000.005x-1.7x1.7x
Thu, 13 Jun 2024Rp154.8tRp88.1t-Rp88,260,769,030,000.004.7x-1.8x1.8x
Sat, 11 May 2024Rp170.6tRp88.0t-Rp88,447,657,030,000.005.4x-1.9x1.9x
Mon, 08 Apr 2024Rp178.8tRp78.2t-Rp93,337,102,038,000.0010.5x-1.9x2.3x
Wed, 06 Mar 2024Rp174.7tRp77.2t-Rp33,368,704,500,000.0010.2x-5.2x2.3x
Fri, 02 Feb 2024Rp207.9tRp77.2t-Rp33,368,704,500,000.0010.5x-6.2x2.7x
Sun, 31 Dec 2023Rp204.4tRp77.2t-Rp33,368,704,500,000.0010x-6.1x2.6x
Tue, 28 Nov 2023Rp208.8tRp77.4t-Rp33,733,992,500,000.0010x-6.2x2.7x
Thu, 26 Oct 2023Rp175.3tRp76.3t-Rp42,612,700,120,000.0011.2x-4.1x2.3x
Sat, 23 Sep 2023Rp202.9tRp76.3t-Rp42,612,700,120,000.0011.3x-4.8x2.7x
Mon, 21 Aug 2023Rp209.2tRp76.3t-Rp42,612,700,120,000.0011.5x-4.9x2.7x
Wed, 19 Jul 2023Rp240.7tRp79.0t-Rp52,328,522,432,000.006.1x-4.6x3x
Fri, 16 Jun 2023Rp237.5tRp79.0t-Rp52,328,522,432,000.006.4x-4.5x3x
Sun, 14 May 2023Rp237.9tRp78.3t-Rp37,060,610,995,000.0010.4x-6.4x3x
Tue, 11 Apr 2023Rp220.8tRp74.5t-Rp39,446,664,995,000.0010.2x-5.6x3x
Thu, 09 Mar 2023Rp44.4tRp45.7tRp3.9t11.5x11.4x1x
Sat, 04 Feb 2023Rp40.5tRp45.7tRp4.0t11.6x10x0.9x
Mon, 02 Jan 2023Rp41.4tRp45.7tRp4.0t10.8x10.3x0.9x
Wed, 30 Nov 2022Rp41.7tRp45.7tRp4.0t10.7x10.3x0.9x
Fri, 28 Oct 2022Rp38.7tRp41.5tRp3.5t9.8x10.9x0.9x
Sun, 25 Sep 2022Rp34.2tRp40.8tRp3.3t10.5x10.4x0.8x
Price to Earnings Ratio

10.4x


Total Market Cap: Rp34.2tTotal Earnings: Rp3.3tTotal Revenue: Rp40.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian General Merchandise and Department Stores Industry Price to Earnings3Y Average -9.5x202320242025
Current Industry PE
  • Investors are pessimistic on the Indonesian Multiline Retail industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • Total earnings for the Multiline Retail industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 37% 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 Market4.55%
Consumer Discretionary2.58%
General Merchandise and Department Stores3.47%
Broadline Retail3.47%
Department Stores0%0
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 51% over the next 5 years.
    • This is better than its past earnings growth rate of 30% per year.
    • In contrast, the Broadline Retail industry is expected to see its earnings grow by 51% 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
    BELI Global Digital NiagaRp370.005.1%
    +Rp2.4t
    -17.8%PS2.7x
    MAPI PT. Mitra AdiperkasaRp1.27k8.1%
    +Rp1.6t
    -29.4%PE11.5x
    MDIY Daya Intiguna YasaRp1.08k4.9%
    +Rp1.3t
    n/aPE25.9x
    GOTO GoTo Gojek TokopediaRp57.001.8%
    +Rp1.1t
    -6.6%PS3.6x
    MLPL MultipolarRp160.0020.3%
    +Rp421.6b
    95.1%PS0.2x