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Indonesian (IDX) Luxury Industry Analysis

UpdatedAug 31, 2025
DataAggregated Company Financials
Companies16
  • 7D-3.0%
  • 3M27.4%
  • 1Y26.1%
  • YTD33.8%

Over the last 7 days, the Luxury industry has dropped 3.0%, driven by a pullback from Golden Flower of 14%. In contrast, Hartadinata Abadi has gained 7.8%. Over the past 12 months, the industry was up 26%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

Has the Indonesian Luxury Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 Aug 2025Rp20.9tRp53.2tRp2.0t12.4x10.3x0.4x
Tue, 29 Jul 2025Rp17.0tRp49.0t-Rp5,257,347,455,827.0015.4x-3.2x0.3x
Thu, 26 Jun 2025Rp12.5tRp47.0t-Rp5,366,592,716,716.0016x-2.3x0.3x
Sat, 24 May 2025Rp19.6tRp47.1t-Rp5,340,163,296,000.0015.1x-3.7x0.4x
Mon, 21 Apr 2025Rp18.6tRp43.6tRp328.5b19.1x56.5x0.4x
Wed, 19 Mar 2025Rp14.1tRp41.7tRp204.2b18.6x69x0.3x
Fri, 14 Feb 2025Rp13.9tRp41.0tRp146.6b18.2x94.8x0.3x
Sun, 12 Jan 2025Rp14.8tRp50.0tRp112.0b20.7x132.5x0.3x
Tue, 10 Dec 2024Rp15.3tRp49.4tRp48.9b17.7x313.3x0.3x
Thu, 07 Nov 2024Rp16.3tRp49.3tRp49.4b18.5x329.9x0.3x
Sat, 05 Oct 2024Rp15.8tRp46.1t-Rp603,234,483,861.0025x-26.2x0.3x
Mon, 02 Sep 2024Rp16.6tRp46.1t-Rp674,985,639,834.0027x-24.7x0.4x
Wed, 31 Jul 2024Rp14.4tRp48.5t-Rp737,695,563,069.0025.2x-19.5x0.3x
Fri, 28 Jun 2024Rp15.2tRp48.6t-Rp731,125,321,082.0017.1x-20.8x0.3x
Sun, 26 May 2024Rp15.2tRp47.9t-Rp739,725,358,249.0014.3x-20.5x0.3x
Tue, 23 Apr 2024Rp15.2tRp47.3t-Rp628,868,048,374.0013.3x-24.2x0.3x
Thu, 21 Mar 2024Rp16.8tRp44.8t-Rp718,580,092,509.0017.7x-23.4x0.4x
Sat, 17 Feb 2024Rp16.8tRp44.5t-Rp813,188,295,493.0018.9x-20.6x0.4x
Mon, 15 Jan 2024Rp17.0tRp44.3t-Rp814,760,734,764.0018.9x-20.8x0.4x
Wed, 13 Dec 2023Rp15.0tRp43.3t-Rp868,311,138,534.0017.3x-17.3x0.3x
Fri, 10 Nov 2023Rp12.9tRp42.7t-Rp440,663,291,344.0020.9x-29.2x0.3x
Sun, 08 Oct 2023Rp12.9tRp43.4t-Rp206,584,255,066.0015.9x-62.7x0.3x
Tue, 05 Sep 2023Rp13.6tRp42.7t-Rp188,172,816,322.0017.2x-72.2x0.3x
Thu, 03 Aug 2023Rp13.7tRp41.4tRp326.6b16.3x41.9x0.3x
Sat, 01 Jul 2023Rp13.2tRp41.4tRp234.8b59.6x56.4x0.3x
Mon, 29 May 2023Rp13.4tRp41.3tRp225.7b59.7x59.4x0.3x
Wed, 26 Apr 2023Rp13.5tRp41.8tRp773.1b21.1x17.5x0.3x
Fri, 24 Mar 2023Rp13.3tRp42.3tRp1.2t14.4x11.1x0.3x
Sun, 19 Feb 2023Rp13.0tRp42.8tRp1.9t14.3x7x0.3x
Tue, 17 Jan 2023Rp13.9tRp42.6tRp1.8t16.8x7.5x0.3x
Thu, 15 Dec 2022Rp14.3tRp43.6tRp1.9t15.7x7.5x0.3x
Sat, 12 Nov 2022Rp14.2tRp42.6tRp2.0t13.8x7.1x0.3x
Mon, 10 Oct 2022Rp14.1tRp41.8tRp2.0t13.1x7.1x0.3x
Wed, 07 Sep 2022Rp15.1tRp41.0tRp2.1t9.7x7.3x0.4x
Price to Earnings Ratio

7.3x


Total Market Cap: Rp15.1tTotal Earnings: Rp2.1tTotal Revenue: Rp41.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Luxury Industry Price to Earnings3Y Average 21.2x202320242025
Current Industry PE
  • Investors are pessimistic on the Indonesian Luxury industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 10.3x which is lower than its 3-year average PE of 21.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.34x.
Past Earnings Growth
  • The earnings for companies in the Luxury industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 9.1% 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.

Industry Trends

Which industries have driven the changes within the Indonesian Consumer Discretionary industry?

ID Market0.16%
Consumer Discretionary-2.72%
Luxury-2.98%
Footwear8.33%
Textiles-2.91%
Apparel, Accessories and Luxury Goods-3.12%
Industry PE
  • Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry even though it's trading below its 3-year average PE ratio of 12.7x.
    • Analysts are expecting annual earnings growth of 14.9%, which is lower than the prior year's growth of 69.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Apparel, Accessories and Luxury Goods industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 70% per year.
  • In contrast, the Apparel, Accessories and Luxury Goods industry is expected to see its earnings grow by 15% 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
HRTA Hartadinata AbadiRp690.007.8%
+Rp230.3b		79.7%PE5.4x
PBRX Pan BrothersRp33.0022.2%
+Rp128.9b		65.0%PE0.5x
INDR PT. Indo-Rama SyntheticsRp2.74k4.6%
+Rp78.5b		-17.0%PS0.1x
ZATA Bersama Zatta JayaRp22.0037.5%
+Rp51.0b		83.3%PE124.3x
TRIS Trisula InternationalRp193.003.8%
+Rp21.5b		5.5%PE10.8x

Latest News

MSJA
Rp308.00
Multi Spunindo Jaya
7D
-1.9%
1Y
-14.9%
ERTX
Rp112.00
Eratex Djaja
7D
-0.9%
1Y
-7.4%
ZATA
Rp22.00
Bersama Zatta Jaya
7D
37.5%
1Y
83.3%
POLY
Rp26.00
Asia Pacific Fibers
7D
44.4%
1Y
0%
ARGO
Rp1,320.00
Argo Pantes
7D
-8.7%
1Y
-2.2%
SSTM
Rp260.00
Sunson Textile Manufacturer
7D
4.8%
1Y
22.6%
INDR
Rp2,740.00
PT. Indo-Rama Synthetics
7D
4.6%
1Y
-17.0%
ACRO
Rp84.00
Samcro Hyosung Adilestari
7D
-11.6%
1Y
7.7%
PBRX
Rp33.00
Pan Brothers
7D
22.2%
1Y
65.0%
INOV
Rp98.00
Inocycle Technology Group
7D
10.1%
1Y
0%
POLU
Rp6,050.00
Golden Flower
7D
-13.9%
1Y
628.9%
HRTA
Rp690.00
Hartadinata Abadi
7D
7.8%
1Y
79.7%
TRIS
Rp193.00
Trisula International
7D
3.8%
1Y
5.5%