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Indonesian (IDX) Healthcare Sector Analysis

UpdatedAug 27, 2025
DataAggregated Company Financials
Companies35
  • 7D1.2%
  • 3M13.2%
  • 1Y10.7%
  • YTD17.6%

The Healthcare industry is up 1.7% in the last week, with Sejahteraraya Anugrahjaya up 11%. During this same period, the Kalbe Farma underperformed, falling 5.5%. This means that the industry has gained 11% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

Has the Indonesian Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 Aug 2025Rp310.2tRp168.8tRp8.3t17.7x37.4x1.8x
Fri, 25 Jul 2025Rp285.8tRp167.4tRp8.4t19.5x34.1x1.7x
Sun, 22 Jun 2025Rp272.4tRp167.0tRp7.6t18.7x36.1x1.6x
Tue, 20 May 2025Rp266.3tRp166.4tRp7.2t19x36.8x1.6x
Thu, 17 Apr 2025Rp235.6tRp165.7tRp7.6t16.7x31.1x1.4x
Sat, 15 Mar 2025Rp233.2tRp148.4tRp7.0t26.3x33.3x1.6x
Mon, 10 Feb 2025Rp248.9tRp148.4tRp7.0t26.6x35.5x1.7x
Wed, 08 Jan 2025Rp258.7tRp148.3tRp7.0t26.7x36.9x1.7x
Fri, 06 Dec 2024Rp273.5tRp148.1tRp7.0t30.1x38.9x1.8x
Sun, 03 Nov 2024Rp289.1tRp147.7tRp7.3t32.5x39.7x2x
Tue, 01 Oct 2024Rp295.8tRp145.7tRp7.4t39.3x40.2x2x
Thu, 29 Aug 2024Rp277.0tRp145.8tRp7.5t34.5x37x1.9x
Sat, 27 Jul 2024Rp264.9tRp142.6tRp6.9t29.8x38.6x1.9x
Mon, 24 Jun 2024Rp261.0tRp141.9tRp6.8t25.3x38.1x1.8x
Wed, 22 May 2024Rp258.5tRp141.9tRp8.2t28.3x31.7x1.8x
Fri, 19 Apr 2024Rp241.1tRp138.6tRp8.2t22.1x29.3x1.7x
Sun, 17 Mar 2024Rp241.4tRp136.2tRp8.5t20.6x28.5x1.8x
Tue, 13 Feb 2024Rp241.5tRp136.2tRp8.6t22.6x28.2x1.8x
Thu, 11 Jan 2024Rp240.6tRp136.2tRp8.6t24.8x28.1x1.8x
Sat, 09 Dec 2023Rp243.9tRp136.2tRp8.6t25.7x28.4x1.8x
Mon, 06 Nov 2023Rp244.9tRp136.2tRp9.3t25.3x26.4x1.8x
Wed, 04 Oct 2023Rp261.9tRp135.1tRp9.1t23.6x28.7x1.9x
Fri, 01 Sep 2023Rp268.7tRp135.2tRp9.1t22.6x29.4x2x
Sun, 30 Jul 2023Rp272.3tRp133.3tRp9.1t24.3x30x2x
Tue, 27 Jun 2023Rp268.4tRp132.9tRp8.9t23.2x30x2x
Thu, 25 May 2023Rp269.0tRp133.0tRp8.9t23.9x30.4x2x
Sat, 22 Apr 2023Rp272.8tRp132.2tRp8.4t23.7x32.5x2.1x
Mon, 20 Mar 2023Rp280.6tRp132.7tRp8.7t25.3x32.2x2.1x
Wed, 15 Feb 2023Rp289.1tRp132.8tRp8.7t23.7x33.1x2.2x
Fri, 13 Jan 2023Rp271.7tRp130.7tRp8.8t26x31x2.1x
Sun, 11 Dec 2022Rp275.4tRp127.8tRp8.9t24.4x31x2.2x
Tue, 08 Nov 2022Rp248.3tRp124.2tRp8.4t26.7x29.4x2x
Thu, 06 Oct 2022Rp238.5tRp126.2tRp9.1t23.6x26.3x1.9x
Sat, 03 Sep 2022Rp230.9tRp126.1tRp9.4t20.3x24.5x1.8x
Price to Earnings Ratio

24.5x


Total Market Cap: Rp230.9tTotal Earnings: Rp9.4tTotal Revenue: Rp126.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Healthcare Sector Price to Earnings3Y Average 32.4x202320242025
Current Industry PE
  • Investors are optimistic on the Indonesian Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 37.4x which is higher than its 3-year average PE of 32.4x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 4.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 10% 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 Healthcare sector?

ID Market0.45%
Healthcare1.23%
Healthcare Services3.03%
Medical Equipment0.79%
Pharma-2.67%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 42.0x.
    • Analysts are expecting annual earnings growth of 16.7%, which is higher than its past year's earnings growth of 11.5% per year.
  • Investors are most pessimistic about the Medical Equipment 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 Healthcare Services industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Pharma industry is expected to see its earnings grow by 9.2% 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
SRAJ Sejahteraraya AnugrahjayaRp6.90k11.3%
+Rp8.4t
185.1%PS25.9x
MDLA Medela PotentiaRp272.0032.0%
+Rp924.0b
n/aPE11x
PYFA Pyridam FarmaRp590.008.3%
+Rp505.7b
436.4%PS2.3x
SOHO Soho Global HealthRp755.004.1%
+Rp380.8b
16.2%PE18.2x
TSPC Tempo Scan PacificRp2.30k1.3%
+Rp135.3b
-9.8%PE7.8x

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