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Indonesian (IDX) Healthcare Sector Analysis

UpdatedJul 11, 2025
DataAggregated Company Financials
Companies35
  • 7D-0.5%
  • 3M23.0%
  • 1Y6.0%
  • YTD6.7%

The Healthcare is pretty flat in the last 7 days, but Kalbe Farma has stood out, gaining 5.3%. The past year has been better, since the industry has gained 6.0% in that time. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 12 Jul 2025Rp280.4tRp167.4tRp8.4t19.5x33.4x1.7x
Mon, 09 Jun 2025Rp276.7tRp166.6tRp7.3t19.9x37.8x1.7x
Wed, 07 May 2025Rp258.1tRp166.2tRp7.5t18.2x34.2x1.6x
Fri, 04 Apr 2025Rp230.0tRp150.5tRp7.5t22.3x30.8x1.5x
Sun, 02 Mar 2025Rp240.9tRp148.4tRp7.0t26.1x34.4x1.6x
Tue, 28 Jan 2025Rp249.7tRp148.4tRp7.0t26.3x35.6x1.7x
Thu, 26 Dec 2024Rp262.6tRp148.1tRp7.0t27.5x37.3x1.8x
Sat, 23 Nov 2024Rp273.5tRp148.0tRp7.0t31.1x38.8x1.8x
Mon, 21 Oct 2024Rp292.4tRp145.5tRp7.2t38.1x40.7x2x
Wed, 18 Sep 2024Rp282.7tRp145.7tRp7.4t36.2x38.4x1.9x
Fri, 16 Aug 2024Rp271.3tRp145.8tRp7.5t34.2x36.3x1.9x
Sun, 14 Jul 2024Rp263.5tRp142.1tRp6.7t25.2x39.3x1.9x
Tue, 11 Jun 2024Rp261.4tRp141.9tRp6.8t25.7x38.2x1.8x
Thu, 09 May 2024Rp251.7tRp141.7tRp8.1t27.1x30.9x1.8x
Sat, 06 Apr 2024Rp250.2tRp138.7tRp8.2t20.6x30.4x1.8x
Mon, 04 Mar 2024Rp238.4tRp136.2tRp8.6t22.5x27.8x1.8x
Wed, 31 Jan 2024Rp239.3tRp136.2tRp8.6t22.9x27.9x1.8x
Fri, 29 Dec 2023Rp245.2tRp136.1tRp8.6t25.4x28.6x1.8x
Sun, 26 Nov 2023Rp240.6tRp135.7tRp9.0t22.5x26.6x1.8x
Tue, 24 Oct 2023Rp264.2tRp135.4tRp9.2t23.3x28.7x2x
Thu, 21 Sep 2023Rp260.6tRp135.2tRp9.1t23.5x28.5x1.9x
Sat, 19 Aug 2023Rp265.4tRp135.1tRp9.1t23.8x29x2x
Mon, 17 Jul 2023Rp279.2tRp132.9tRp8.9t25.7x31.3x2.1x
Wed, 14 Jun 2023Rp275.0tRp132.8tRp8.9t26.2x31.1x2.1x
Fri, 12 May 2023Rp268.6tRp134.5tRp8.6t25.2x31.3x2x
Sun, 09 Apr 2023Rp270.1tRp133.3tRp8.4t21.2x32.2x2x
Tue, 07 Mar 2023Rp274.4tRp132.8tRp8.7t23.6x31.4x2.1x
Thu, 02 Feb 2023Rp276.5tRp132.5tRp8.8t24.8x31.5x2.1x
Sat, 31 Dec 2022Rp277.9tRp130.7tRp8.8t26.3x31.7x2.1x
Mon, 28 Nov 2022Rp268.4tRp127.9tRp8.6t27.5x31.1x2.1x
Wed, 26 Oct 2022Rp247.2tRp125.1tRp8.8t28x28x2x
Fri, 23 Sep 2022Rp238.9tRp126.2tRp9.1t25.1x26.3x1.9x
Sun, 21 Aug 2022Rp227.5tRp126.2tRp9.6t20.7x23.8x1.8x
Tue, 19 Jul 2022Rp238.4tRp125.8tRp10.0t20.5x23.8x1.9x
Price to Earnings Ratio

23.8x


Total Market Cap: Rp238.4tTotal Earnings: Rp10.0tTotal Revenue: Rp125.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Healthcare Sector Price to Earnings3Y Average 31.9x202320242025
Current Industry PE
  • Investors are relatively neutral on the Indonesian Healthcare industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 31.9x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 5.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 10.0% 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 Market1.73%
Healthcare-0.53%
Healthcare Services0.50%
Medical Equipment-1.44%
Pharma-2.31%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry, which is trading close to its 3-year average PE ratio of 41.2x.
    • Analysts are expecting annual earnings growth of 14.0%, which is higher than its past year's earnings growth of 11.7% 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 14% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Pharma industry is expected to see its earnings grow by 9.3% 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
KLBF Kalbe FarmaRp1.60k5.3%
+Rp3.6t		2.2%PE21.6x
SILO Siloam International HospitalsRp2.22k0.9%
+Rp259.8b		-16.5%PE25.4x
HEAL Medikaloka HerminaRp1.50k1.0%
+Rp223.4b		13.3%PE47.4x
CARE Metro Healthcare IndonesiaRp234.002.6%
+Rp199.5b		188.9%PS24.7x
PYFA Pyridam FarmaRp234.005.4%
+Rp134.8b		114.7%PS1.1x

Latest News

OMED
Rp175.00
Jayamas Medica Industri
7D
-2.8%
1Y
-8.4%
MDLA
Rp193.00
Medela Potentia
7D
-2.0%
1Y
n/a
MIKA
Rp2,510.00
Mitra Keluarga Karyasehat
7D
-3.5%
1Y
-16.3%
CARE
Rp234.00
Metro Healthcare Indonesia
7D
2.6%
1Y
188.9%
SOHO
Rp690.00
Soho Global Health
7D
-1.4%
1Y
2.2%
KLBF
Rp1,595.00
Kalbe Farma
7D
5.3%
1Y
2.2%
KAEF
Rp635.00
Kimia Farma
7D
-5.9%
1Y
-2.3%
PYFA
Rp234.00
Pyridam Farma
7D
5.4%
1Y
114.7%
DVLA
Rp1,650.00
Darya-Varia Laboratoria
7D
3.8%
1Y
4.8%
MERK
Rp2,920.00
Merck
7D
-2.3%
1Y
-27.5%
LABS
Rp147.00
UBC Medical Indonesia
7D
8.1%
1Y
-25.0%
SAME
Rp248.00
Sarana Meditama Metropolitan
7D
-0.8%
1Y
-1.6%
SILO
Rp2,220.00
Siloam International Hospitals
7D
0.9%
1Y
-16.5%
TSPC
Rp2,320.00
Tempo Scan Pacific
7D
0.4%
1Y
13.7%
PRAY
Rp615.00
Famon Awal Bros Sedaya
7D
-1.6%
1Y
2.5%
HEAL
Rp1,495.00
Medikaloka Hermina
7D
1.0%
1Y
13.3%