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Indonesian (IDX) Real Estate Industry Analysis

UpdatedMay 15, 2022
DataAggregated Company Financials
  • 7D-4.3%
  • 3M-4.9%
  • 1Y-21.1%
  • YTD-11.4%

Over the last 7 days, the Real Estate industry has dropped 4.3%, driven by a pullback from Pakuwon Jati of 12%. In contrast, Jaya Sukses Makmur Sentosa has gained 14%. The industry has fallen 21% in the last year. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Sun, 15 May 2022Rp216.6tRp84.4tRp5.2t32.7x
Tue, 12 Apr 2022Rp227.0tRp83.7tRp2.5t30.3x
Thu, 10 Mar 2022Rp232.5tRp81.4t-Rp3,857,009,704,079.0032x
Sat, 05 Feb 2022Rp226.8tRp80.4t-Rp4,023,818,406,381.0034.9x
Mon, 03 Jan 2022Rp229.6tRp79.4t-Rp4,122,356,380,672.0037.9x
Wed, 01 Dec 2021Rp240.9tRp77.9t-Rp3,706,845,920,464.0032x
Fri, 29 Oct 2021Rp257.0tRp74.1t-Rp6,153,860,308,331.0026.9x
Sun, 26 Sep 2021Rp240.7tRp73.7t-Rp6,356,874,099,135.0028.3x
Tue, 24 Aug 2021Rp260.0tRp75.4t-Rp8,303,885,264,103.0027x
Wed, 30 Jun 2021Rp250.0tRp75.4t-Rp8,303,885,264,103.0027x
Sat, 03 Apr 2021Rp285.4tRp70.5t-Rp6,823,526,415,438.0025.8x
Tue, 05 Jan 2021Rp303.6tRp71.3t-Rp11,353,465,045,385.0033.4x
Fri, 09 Oct 2020Rp288.3tRp73.3tRp1.4t31.2x
Thu, 02 Jul 2020Rp261.4tRp75.1tRp5.2t18.8x
Sun, 05 Apr 2020Rp285.6tRp81.8tRp5.3t19.7x
Wed, 08 Jan 2020Rp399.6tRp82.8tRp12.0t22.7x
Tue, 01 Oct 2019Rp385.9tRp82.0tRp15.1t17.3x
Fri, 05 Jul 2019Rp332.3tRp83.0tRp15.1t20.3x
Median PE Ratio


Total Market Cap: Rp314.6tTotal Earnings: Rp16.5tTotal Revenue: Rp83.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Real Estate Industry Median PE3Y Average 25.7x202020212022
Current Industry PE
  • Investors are optimistic on the industry, and appear confident in long-term growth rates.
  • The industry is trading at a PE ratio of 32.7x which is higher than its 3-year average PE of 25.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 32% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Real Estate industry?

ID Market-7.29%
Real Estate-4.35%
Real Estate-4.35%
Real Estate Services-0.84%
Real Estate Operating Companies-3.37%
Real Estate Development-3.74%
Diversified Real Estate-6.92%
Industry PE
  • Investors are most optimistic about the Real Estate Development industry which is trading above its 3-year average PE ratio of 33.1x.
  • Analysts expect its future annual earnings growth (26%) to be largely in line with prior year's earnings growth.
  • This could indicate that the market believes analysts are underestimating its future growth since investors are willing to pay a bigger premium today.
  • Investors are most pessimistic about the Diversified Real Estate industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 12.0x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Real Estate industry is expected to see its earnings grow by 17% 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
RISE Jaya Sukses Makmur SentosaRp466.0013.7%
LPCK Lippo CikarangRp1.25k7.3%
RODA Pikko Land DevelopmentRp83.0020.3%
LAND Trimitra PropertindoRp152.0049.0%
NIRO City Retail DevelopmentsRp145.004.3%
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