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Indonesian (IDX) Healthcare Sector Analysis

UpdatedNov 19, 2025
DataAggregated Company Financials
Companies34
  • 7D1.1%
  • 3M29.7%
  • 1Y48.0%
  • YTD52.7%

In the last week, the Healthcare industry is up 1.1%, with Sejahteraraya Anugrahjaya up 10.0%. Meanwhile, Soho Global Health actually underperformed within the industry, shrinking 27% in the last week. In the last 12 months, the industry was up 48%. 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
Thu, 20 Nov 2025Rp401.8tRp171.2tRp9.3t21.3x43.3x2.3x
Sat, 18 Oct 2025Rp368.3tRp167.4tRp8.7t19.5x42.4x2.2x
Mon, 15 Sep 2025Rp333.3tRp168.3tRp8.4t16.7x39.6x2x
Wed, 13 Aug 2025Rp292.1tRp168.7tRp8.4t17.6x34.9x1.7x
Fri, 11 Jul 2025Rp280.4tRp167.4tRp8.4t19.5x33.4x1.7x
Sun, 08 Jun 2025Rp276.7tRp166.6tRp7.3t19.9x37.8x1.7x
Tue, 06 May 2025Rp257.8tRp166.0tRp7.5t18.5x34.2x1.6x
Thu, 03 Apr 2025Rp230.2tRp150.5tRp7.5t17.4x30.9x1.5x
Sat, 01 Mar 2025Rp241.1tRp148.4tRp7.0t26.1x34.4x1.6x
Mon, 27 Jan 2025Rp249.7tRp148.4tRp7.0t26.3x35.6x1.7x
Wed, 25 Dec 2024Rp262.2tRp148.1tRp7.0t27.5x37.3x1.8x
Fri, 22 Nov 2024Rp271.6tRp148.0tRp7.0t30.6x38.6x1.8x
Sun, 20 Oct 2024Rp292.4tRp145.5tRp7.2t38.1x40.7x2x
Tue, 17 Sep 2024Rp281.2tRp145.7tRp7.4t35.2x38.2x1.9x
Thu, 15 Aug 2024Rp270.6tRp145.8tRp7.5t34.2x36.2x1.9x
Sat, 13 Jul 2024Rp263.3tRp142.1tRp6.7t25.2x39.2x1.9x
Mon, 10 Jun 2024Rp261.4tRp141.9tRp6.8t26.7x38.2x1.8x
Wed, 08 May 2024Rp252.1tRp141.7tRp8.1t27.3x30.9x1.8x
Fri, 05 Apr 2024Rp249.9tRp138.7tRp8.2t20.6x30.3x1.8x
Sun, 03 Mar 2024Rp238.4tRp136.2tRp8.6t22.5x27.8x1.8x
Tue, 30 Jan 2024Rp237.8tRp136.2tRp8.6t23.4x27.7x1.7x
Thu, 28 Dec 2023Rp245.8tRp136.1tRp8.6t25.5x28.7x1.8x
Sat, 25 Nov 2023Rp242.5tRp135.7tRp9.0t22.5x26.8x1.8x
Mon, 23 Oct 2023Rp265.1tRp135.4tRp9.2t23.3x28.8x2x
Wed, 20 Sep 2023Rp260.6tRp135.2tRp9.1t23.4x28.5x1.9x
Fri, 18 Aug 2023Rp265.4tRp135.1tRp9.1t24.3x29x2x
Sun, 16 Jul 2023Rp279.2tRp132.9tRp8.9t25.7x31.3x2.1x
Tue, 13 Jun 2023Rp274.5tRp132.8tRp8.9t24x31x2.1x
Thu, 11 May 2023Rp267.5tRp134.5tRp8.6t25.3x31.1x2x
Sat, 08 Apr 2023Rp270.1tRp134.4tRp8.9t25.1x30.5x2x
Mon, 06 Mar 2023Rp274.5tRp132.8tRp8.7t23.6x31.4x2.1x
Wed, 01 Feb 2023Rp276.0tRp132.5tRp8.8t24.8x31.4x2.1x
Fri, 30 Dec 2022Rp277.9tRp130.7tRp8.8t26.2x31.7x2.1x
Sun, 27 Nov 2022Rp268.4tRp127.9tRp8.6t27.5x31.1x2.1x
Price to Earnings Ratio

31.1x


Total Market Cap: Rp268.4tTotal Earnings: Rp8.6tTotal Revenue: Rp127.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Healthcare Sector Price to Earnings3Y Average 33.5x202320242025
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 44.9x which is higher than its 3-year average PE of 33.5x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have remained mostly flat 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Indonesian Healthcare sector?

ID Market0.00092%
Healthcare1.14%
Healthcare Services6.03%
Medical Equipment0.88%
Pharma-11.23%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 44.5x.
    • Analysts are expecting annual earnings growth of 16.4%, which is higher than its past year's earnings growth of 8.0% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading close to its 3-year average of 20.5x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings growth rate of 8.0% 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
SRAJ Sejahteraraya AnugrahjayaRp14.13k20.2%
+Rp28.5t
372.4%PS51.4x
CARE Metro Healthcare IndonesiaRp358.0015.5%
+Rp1.6t
138.7%PS37.7x
SILO Siloam International HospitalsRp2.49k2.9%
+Rp909.1b
-16.4%PE31.4x
MIKA Mitra Keluarga KaryasehatRp2.56k1.6%
+Rp556.3b
-1.9%PE27.6x
HEAL Medikaloka HerminaRp1.44k1.4%
+Rp307.3b
5.5%PE52x

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