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Indonesian (IDX) Real Estate Sector Analysis

UpdatedApr 26, 2026
DataAggregated Company Financials
Companies83
  • 7D-5.6%
  • 3M-31.5%
  • 1Y9.1%
  • YTD-29.5%

Over the last 7 days, the Real Estate industry has dropped 5.6%, driven by Jaya Sukses Makmur Sentosa declining 28%. Meanwhile, DMS Propertindo actually outperformed within the industry, gaining 83% in the last week. In the past year, the industry has gained 9.1%. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the Indonesian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Apr 2026Rp517.7tRp105.3tRp12.9t21.4x40x4.9x
Tue, 24 Mar 2026Rp509.8tRp103.2tRp16.9t23.4x30.1x4.9x
Thu, 19 Feb 2026Rp657.1tRp104.5tRp18.2t30.5x36x6.3x
Sat, 17 Jan 2026Rp769.2tRp104.5tRp18.3t35.6x42.1x7.4x
Mon, 15 Dec 2025Rp762.5tRp104.5tRp18.4t22.9x41.5x7.3x
Wed, 12 Nov 2025Rp706.4tRp104.3tRp18.3t21.2x38.7x6.8x
Fri, 10 Oct 2025Rp633.7tRp101.9tRp16.1t19.2x39.3x6.2x
Sun, 07 Sep 2025Rp593.5tRp103.0tRp16.2t18.2x36.7x5.8x
Tue, 05 Aug 2025Rp564.6tRp104.1tRp35.3t15.6x16x5.4x
Thu, 03 Jul 2025Rp261.7tRp101.3tRp35.7t14.5x7.3x2.6x
Sat, 31 May 2025Rp265.8tRp102.7tRp37.0t13.7x7.2x2.6x
Mon, 28 Apr 2025Rp268.1tRp105.3tRp36.4t13.8x7.4x2.5x
Wed, 26 Mar 2025Rp243.1tRp104.3tRp33.9t9.8x7.2x2.3x
Fri, 21 Feb 2025Rp277.8tRp102.5tRp32.6t13.5x8.5x2.7x
Sun, 19 Jan 2025Rp297.5tRp103.0tRp32.8t13x9.1x2.9x
Tue, 17 Dec 2024Rp245.9tRp102.0tRp30.1t13x8.2x2.4x
Thu, 14 Nov 2024Rp252.4tRp102.2tRp31.9t12.7x7.9x2.5x
Sat, 12 Oct 2024Rp263.1tRp104.6tRp33.3t13x7.9x2.5x
Mon, 09 Sep 2024Rp261.1tRp103.6tRp13.3t14.3x19.6x2.5x
Wed, 07 Aug 2024Rp230.7tRp101.5tRp12.6t11.9x18.4x2.3x
Fri, 05 Jul 2024Rp213.5tRp99.0tRp10.4t12.5x20.6x2.2x
Sun, 02 Jun 2024Rp218.7tRp99.1tRp10.5t17.1x20.8x2.2x
Tue, 30 Apr 2024Rp220.9tRp95.5tRp12.8t17.7x17.2x2.3x
Thu, 28 Mar 2024Rp236.8tRp96.9tRp15.4t14.4x15.4x2.4x
Sat, 24 Feb 2024Rp245.0tRp94.7tRp16.8t13.6x14.6x2.6x
Mon, 22 Jan 2024Rp247.3tRp94.8tRp16.7t14x14.8x2.6x
Wed, 20 Dec 2023Rp244.2tRp94.8tRp16.7t14.1x14.6x2.6x
Fri, 17 Nov 2023Rp255.0tRp95.3tRp16.5t15x15.4x2.7x
Sun, 15 Oct 2023Rp257.8tRp97.9tRp16.8t14.5x15.3x2.6x
Tue, 12 Sep 2023Rp256.7tRp97.8tRp17.0t15.7x15.1x2.6x
Thu, 10 Aug 2023Rp279.8tRp97.0tRp16.4t16x17.1x2.9x
Sat, 08 Jul 2023Rp249.9tRp94.9tRp16.3t13.2x15.4x2.6x
Mon, 05 Jun 2023Rp239.3tRp94.9tRp15.8t15.5x15.2x2.5x
Wed, 03 May 2023Rp233.5tRp92.6tRp12.4t18.8x18.9x2.5x
Price to Earnings Ratio

18.9x


Total Market Cap: Rp233.5tTotal Earnings: Rp12.4tTotal Revenue: Rp92.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Real Estate Sector Price to Earnings3Y Average 19x202420252026
Current Industry PE
  • Investors are optimistic on the Indonesian Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 40.0x which is higher than its 3-year average PE of 19.0x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.9x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 4.4% 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 Real Estate sector?

ID Market-7.32%
Real Estate-5.63%
REITS0%0
Real Estate-5.63%
Industry PE
  • Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 18.9x.
    • Analysts are expecting annual earnings growth of 12.3%, which is lower than the prior year's growth of 13.9% per year.
  • Investors are most pessimistic about the Real Estate industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 18.9x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 12% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 12% 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
KOTA DMS PropertindoRp128.0082.9%
+Rp611.7b		1,322.2%PE32.4x
MPRO Maha Properti IndonesiaRp9.40k0.5%
+Rp497.1b		374.7%PS22404.4x
APLN Agung Podomoro LandRp181.003.4%
+Rp136.2b		94.6%PE36.4x
ELTY Bakrieland DevelopmentRp44.007.3%
+Rp130.6b		340.0%PS1.4x
FMII Fortune Mate IndonesiaRp258.008.4%
+Rp128.0b		-26.3%PE113.6x

Latest News

MPRO
Rp9,400.00
Maha Properti Indonesia
7D
0.5%
1Y
374.7%
ELTY
Rp44.00
Bakrieland Development
7D
7.3%
1Y
340.0%
HBAT
Rp450.00
Minahasa Membangun Hebat
7D
33.1%
1Y
997.6%
KOTA
Rp128.00
DMS Propertindo
7D
82.9%
1Y
1,322.2%
APLN
Rp181.00
Agung Podomoro Land
7D
3.4%
1Y
94.6%
NIRO
Rp222.00
City Retail Developments
7D
-13.3%
1Y
77.6%
BKSL
Rp106.00
Sentul City
7D
-10.2%
1Y
27.7%
KPIG
Rp113.00
MNC Tourism Indonesia
7D
-12.4%
1Y
-7.4%
DUTI
Rp4,100.00
Duta Pertiwi
7D
1.2%
1Y
23.9%
BIPP
Rp88.00
Bhuwanatala Indah Permai
7D
27.5%
1Y
166.7%
FMII
Rp258.00
Fortune Mate Indonesia
7D
8.4%
1Y
-26.3%
PWON
Rp334.00
Pakuwon Jati
7D
-5.1%
1Y
-10.7%
RISE
Rp1,705.00
Jaya Sukses Makmur Sentosa
7D
-28.4%
1Y
143.8%
BSDE
Rp745.00
Bumi Serpong Damai
7D
-5.7%
1Y
-13.9%
CBDK
Rp4,610.00
Bangun Kosambi Sukses
7D
-6.9%
1Y
-32.5%
PANI
Rp8,500.00
Pantai Indah Kapuk Dua
7D
-4.8%
1Y
-26.1%