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Indonesian (IDX) Real Estate Industry Analysis

UpdatedMay 15, 2026
DataAggregated Company Financials
Companies83
  • 7D-5.7%
  • 3M-22.7%
  • 1Y1.4%
  • YTD-31.6%

Over the last 7 days, the Real Estate industry has dropped 5.7%, driven by a pullback from Pantai Indah Kapuk Dua of 9.5%. Meanwhile, Gowa Makassar Tourism Development actually outperformed within the industry, gaining 9.1% in the last week. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 7.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 15 May 2026Rp502.5tRp108.3tRp13.2t19.8x38.2x4.6x
Sun, 12 Apr 2026Rp531.5tRp105.2tRp12.6t21.4x42.1x5.1x
Tue, 10 Mar 2026Rp518.8tRp105.8tRp17.6t20.2x29.4x4.9x
Thu, 05 Feb 2026Rp610.1tRp104.3tRp18.0t24.1x33.8x5.9x
Sat, 03 Jan 2026Rp721.0tRp104.2tRp18.0t23x40x6.9x
Mon, 01 Dec 2025Rp764.5tRp104.2tRp18.2t22.5x42.1x7.3x
Wed, 29 Oct 2025Rp690.4tRp101.8tRp16.0t20x43.1x6.8x
Fri, 26 Sep 2025Rp570.2tRp101.6tRp15.9t19.1x35.8x5.6x
Sun, 24 Aug 2025Rp573.8tRp102.4tRp15.6t18.3x36.8x5.6x
Tue, 22 Jul 2025Rp263.0tRp101.3tRp35.6t14.2x7.4x2.6x
Thu, 19 Jun 2025Rp271.0tRp101.4tRp35.8t14.4x7.6x2.7x
Sat, 17 May 2025Rp273.4tRp105.7tRp36.8t13.7x7.4x2.6x
Mon, 14 Apr 2025Rp244.4tRp105.3tRp36.5t13.1x6.7x2.3x
Wed, 12 Mar 2025Rp271.7tRp102.8tRp32.9t13.2x8.3x2.6x
Fri, 07 Feb 2025Rp278.4tRp103.1tRp32.9t12.8x8.5x2.7x
Sun, 05 Jan 2025Rp243.6tRp102.2tRp30.3t13x8x2.4x
Tue, 03 Dec 2024Rp243.6tRp102.0tRp31.9t12.1x7.6x2.4x
Thu, 31 Oct 2024Rp267.4tRp104.5tRp33.6t13.1x8x2.6x
Sat, 28 Sep 2024Rp264.9tRp104.8tRp33.5t13.4x7.9x2.5x
Mon, 26 Aug 2024Rp251.3tRp102.9tRp13.1t13.5x19.1x2.4x
Wed, 24 Jul 2024Rp232.8tRp99.1tRp10.4t15x22.4x2.3x
Fri, 21 Jun 2024Rp210.4tRp98.7tRp10.3t15.2x20.5x2.1x
Sun, 19 May 2024Rp225.3tRp98.5tRp10.4t17.1x21.7x2.3x
Tue, 16 Apr 2024Rp230.9tRp95.5tRp12.8t18.2x18x2.4x
Thu, 14 Mar 2024Rp236.9tRp95.3tRp17.0t13.2x13.9x2.5x
Sat, 10 Feb 2024Rp243.9tRp94.7tRp16.8t14x14.5x2.6x
Mon, 08 Jan 2024Rp249.0tRp94.7tRp16.7t14.4x14.9x2.6x
Wed, 06 Dec 2023Rp254.6tRp95.3tRp16.6t14.4x15.4x2.7x
Fri, 03 Nov 2023Rp242.8tRp95.1tRp15.7t14.6x15.4x2.6x
Sun, 01 Oct 2023Rp253.7tRp97.8tRp16.8t14.6x15.1x2.6x
Tue, 29 Aug 2023Rp276.1tRp98.1tRp17.3t15.1x16x2.8x
Thu, 27 Jul 2023Rp268.0tRp94.9tRp16.2t16.7x16.6x2.8x
Sat, 24 Jun 2023Rp246.2tRp94.9tRp15.8t13.3x15.6x2.6x
Mon, 22 May 2023Rp238.0tRp94.9tRp15.7t15.9x15.1x2.5x
Price to Earnings Ratio

15.1x


Total Market Cap: Rp238.0tTotal Earnings: Rp15.7tTotal Revenue: Rp94.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Real Estate Industry Price to Earnings3Y Average 19.3x202420252026
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 38.2x which is higher than its 3-year average PE of 19.3x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 5.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.5% 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 Real Estate industry?

ID Market-7.71%
Real Estate-5.73%
Real Estate-5.73%
Real Estate Services-1.32%
Diversified Real Estate-4.21%
Real Estate Operating Companies-5.68%
Real Estate Development-5.86%
Industry PE
  • Investors are most optimistic about the Real Estate Services industry which is trading above its 3-year average PE ratio of 108x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Diversified Real Estate industry, which is trading below its 3-year average of 16.7x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 7.6% over the next 5 years.
  • However this is lower than its past earnings growth rate of 9.5% per year.
  • In contrast, the Diversified Real Estate industry is expected to see its earnings grow by 4.1% 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
GMTD Gowa Makassar Tourism DevelopmentRp1.80k11.5%
+Rp187.8b		-38.7%PE56.6x
DUTI Duta PertiwiRp4.20k2.4%
+Rp185.0b		10.5%PE18.4x
MINA Sanurhasta MitraRp356.004.1%
+Rp137.8b		263.3%PS368.6x
JRPT Jaya Real PropertyRp1.10k0.9%
+Rp128.3b		53.1%PE10.4x
BKDP Bukit Darmo PropertyRp103.0019.8%
+Rp127.7b		232.3%PS20.7x

Latest News

GRIA
Rp116.00
Ingria Pratama Capitalindo
7D
13.7%
1Y
30.3%
FMII
Rp250.00
Fortune Mate Indonesia
7D
3.3%
1Y
-37.8%
DUTI
Rp4,200.00
Duta Pertiwi
7D
2.4%
1Y
10.5%
BSDE
Rp735.00
Bumi Serpong Damai
7D
-3.3%
1Y
-14.5%
ROCK
Rp2,410.00
Rockfields Properti Indonesia
7D
2.1%
1Y
682.5%
PWON
Rp310.00
Pakuwon Jati
7D
-3.1%
1Y
-22.5%
JRPT
Rp1,095.00
Jaya Real Property
7D
0.9%
1Y
53.1%
MINA
Rp356.00
Sanurhasta Mitra
7D
4.1%
1Y
263.3%
BKSL
Rp99.00
Sentul City
7D
-2.9%
1Y
-13.9%
PANI
Rp8,350.00
Pantai Indah Kapuk Dua
7D
-2.9%
1Y
-28.5%
CTRA
Rp685.00
Ciputra Development
7D
-2.1%
1Y
-32.5%
BKDP
Rp103.00
Bukit Darmo Property
7D
19.8%
1Y
232.3%
GMTD
Rp1,795.00
Gowa Makassar Tourism Development
7D
11.5%
1Y
-38.7%
CBDK
Rp4,450.00
Bangun Kosambi Sukses
7D
-3.7%
1Y
-33.6%
RISE
Rp1,500.00
Jaya Sukses Makmur Sentosa
7D
-6.0%
1Y
108.5%
KPIG
Rp102.00
MNC Tourism Indonesia
7D
-4.7%
1Y
-18.4%