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Indonesian (IDX) Metals and Mining Industry Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies31
  • 7D-4.4%
  • 3M-15.2%
  • 1Y17.3%
  • YTD-11.7%

Over the last 7 days, the Metals and Mining industry has dropped 4.4%, driven by a pullback from Amman Mineral Internasional of 3.4%. In contrast, Petrosea has gained 5.6%. Over the past 12 months, the industry was up 17%. Looking forward, earnings are forecast to grow by 38% annually.

Industry Valuation and Performance

Has the Indonesian Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 06 May 2026Rp1257.5tRp361.1tRp51.6t16.7x24.4x3.5x
Fri, 03 Apr 2026Rp1205.3tRp329.8tRp37.2t22x32.4x3.7x
Sun, 01 Mar 2026Rp1607.6tRp317.1tRp25.9t21.4x62.2x5.1x
Tue, 27 Jan 2026Rp1679.2tRp317.0tRp25.8t29.1x65x5.3x
Thu, 25 Dec 2025Rp1321.1tRp316.8tRp25.8t21.4x51.2x4.2x
Sat, 22 Nov 2025Rp1234.1tRp321.4tRp24.9t19.8x49.5x3.8x
Mon, 20 Oct 2025Rp1378.4tRp333.2tRp24.4t21.3x56.5x4.1x
Wed, 17 Sep 2025Rp1173.6tRp340.3tRp26.1t22.3x45x3.4x
Fri, 15 Aug 2025Rp1140.6tRp314.9tRp25.0t20.8x45.6x3.6x
Sun, 13 Jul 2025Rp1085.5tRp328.0tRp30.5t21.1x35.5x3.3x
Tue, 10 Jun 2025Rp1060.3tRp330.6tRp30.5t23.4x34.7x3.2x
Thu, 08 May 2025Rp960.9tRp330.8tRp28.9t19.6x33.2x2.9x
Sat, 05 Apr 2025Rp729.9tRp311.8tRp28.4t14.6x25.7x2.3x
Mon, 03 Mar 2025Rp820.3tRp327.0tRp33.0t16.7x24.8x2.5x
Wed, 29 Jan 2025Rp1007.5tRp323.0tRp33.1t15.2x30.5x3.1x
Fri, 27 Dec 2024Rp1034.1tRp324.0tRp33.1t14.7x31.3x3.2x
Sun, 24 Nov 2024Rp1127.2tRp315.8tRp29.5t16.4x38.2x3.6x
Tue, 22 Oct 2024Rp1168.2tRp301.1tRp29.7t27.8x39.3x3.9x
Thu, 19 Sep 2024Rp1146.2tRp291.2tRp28.0t18.1x40.9x3.9x
Sat, 17 Aug 2024Rp1135.3tRp293.4tRp27.7t18.9x41x3.9x
Mon, 15 Jul 2024Rp1253.6tRp278.3tRp19.8t19.8x63.3x4.5x
Wed, 12 Jun 2024Rp1259.3tRp289.7tRp22.9t11.5x55.1x4.3x
Fri, 10 May 2024Rp1101.2tRp280.4tRp22.3t14.2x49.3x3.9x
Sun, 07 Apr 2024Rp1054.1tRp281.5tRp24.1t11.6x43.7x3.7x
Tue, 05 Mar 2024Rp1001.1tRp268.3tRp26.8t10.2x37.3x3.7x
Thu, 01 Feb 2024Rp956.3tRp267.6tRp24.2t12.4x39.5x3.6x
Sat, 30 Dec 2023Rp882.3tRp262.2tRp24.1t11.6x36.6x3.4x
Mon, 27 Nov 2023Rp913.0tRp263.4tRp23.6t11.6x38.8x3.5x
Wed, 25 Oct 2023Rp899.3tRp262.9tRp25.9t14.2x34.7x3.4x
Fri, 22 Sep 2023Rp877.7tRp265.1tRp34.2t14.5x25.7x3.3x
Sun, 20 Aug 2023Rp697.7tRp265.3tRp35.2t13.6x19.8x2.6x
Tue, 18 Jul 2023Rp588.2tRp265.4tRp36.2t12.9x16.2x2.2x
Thu, 15 Jun 2023Rp441.2tRp223.9tRp21.3t13.1x20.7x2x
Sat, 13 May 2023Rp483.5tRp217.1tRp24.6t11.6x19.6x2.2x
Price to Earnings Ratio

19.6x


Total Market Cap: Rp483.5tTotal Earnings: Rp24.6tTotal Revenue: Rp217.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Metals and Mining Industry Price to Earnings3Y Average 38.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Indonesian Metals and Mining 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 24.4x which is lower than its 3-year average PE of 38.4x.
  • The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have grown 28% per year over the last three years.
  • Revenues for these companies have grown 18% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indonesian Materials industry?

ID Market0.19%
Materials0.80%
Metals and Mining-4.35%
Steel1.32%
Copper0.98%
Diversified Metals and Mining-6.37%
Gold-8.64%
Aluminum-12.44%
Industry PE
  • Investors are most optimistic about the Copper industry even though it's trading below its 3-year average PE ratio of 311x.
    • Analysts are expecting annual earnings growth of 38.5%, which is lower than the prior year's growth of 48.5% per year.
  • Investors are most pessimistic about the Steel industry, which is trading below its 3-year average of 12.5x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings growth rate of 33% per year.
  • In contrast, the Steel industry is expected to see its earnings grow by 25% 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
PTRO PetroseaRp5.65k5.6%
+Rp3.0t		84.6%PE112.1x
TINS TIMAHRp3.89k7.2%
+Rp1.9t		220.2%PE10.7x
ADMR Alamtri Minerals IndonesiaRp1.88k1.1%
+Rp817.6b		105.5%PE15.1x
DEWA Darma HenwaRp520.004.0%
+Rp813.7b		263.6%PE4.9x
PSAB J Resources Asia PasifikRp570.005.6%
+Rp793.8b		85.1%PE28.2x

Latest News

NIKL
Rp448.00
Pelat Timah Nusantara
7D
57.7%
1Y
83.6%
MBMA
Rp655.00
Merdeka Battery Materials
7D
-5.1%
1Y
85.0%
MDKA
Rp3,110.00
Merdeka Copper Gold
7D
-8.5%
1Y
67.7%
CITA
Rp3,500.00
Cita Mineral Investindo
7D
-15.5%
1Y
-13.2%
ANTM
Rp3,800.00
Antam (Persero)
7D
-2.1%
1Y
38.2%
GGRP
Rp302.00
Gunung Raja Paksi
7D
3.4%
1Y
n/a
ARCI
Rp1,585.00
Archi Indonesia
7D
1.0%
1Y
321.5%
ADMR
Rp1,880.00
Alamtri Minerals Indonesia
7D
1.1%
1Y
105.5%
INCO
Rp6,125.00
Vale Indonesia
7D
-10.3%
1Y
114.9%

INCO: Higher Future P/E Will Support Stronger Upside Potential

Analysts have trimmed their price target for Vale Indonesia slightly to IDR10,042 from about IDR10,080, reflecting updated assumptions that combine stronger forecast revenue growth with lower profit margin expectations and a higher future P/E multiple. Valuation Changes Fair Value: Trimmed slightly to IDR10,041.60 from IDR10,080.41.
DEWA
Rp520.00
Darma Henwa
7D
4.0%
1Y
263.6%
AMMN
Rp5,000.00
Amman Mineral Internasional
7D
-3.8%
1Y
-32.4%
PSAB
Rp570.00
J Resources Asia Pasifik
7D
5.6%
1Y
85.1%
PTRO
Rp5,650.00
Petrosea
7D
5.6%
1Y
84.6%
TINS
Rp3,890.00
TIMAH
7D
7.2%
1Y
220.2%
EMAS
Rp8,825.00
Merdeka Gold Resources
7D
-6.9%
1Y
n/a
NCKL
Rp1,060.00
Trimegah Bangun Persada
7D
-4.1%
1Y
54.7%