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Indonesian (IDX) Tech Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies33
  • 7D-2.1%
  • 3M-18.0%
  • 1Y57.8%
  • YTD-11.7%

Over the last 7 days, the Tech industry has dropped 2.1%, driven by a pullback from Multipolar Technology of 26%. In contrast, Telefast Indonesia has gained 25%. This takes the industry's 12 month performance to a gain of 58%. Looking forward, earnings are forecast to grow by 21% annually.

Sector Valuation and Performance

Has the Indonesian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026Rp618.6tRp73.2tRp3.6t70.4x173.7x8.5x
Thu, 29 Jan 2026Rp646.4tRp73.3tRp3.5t65.8x182.6x8.8x
Sat, 27 Dec 2025Rp713.1tRp73.3tRp3.5t66.3x201.7x9.7x
Mon, 24 Nov 2025Rp813.5tRp73.5tRp3.5t56.1x232.4x11.1x
Wed, 22 Oct 2025Rp883.6tRp72.3tRp3.5t25.1x249.9x12.2x
Fri, 19 Sep 2025Rp1052.7tRp72.3tRp3.5t27.9x297.8x14.6x
Sun, 17 Aug 2025Rp1033.3tRp72.2tRp3.5t30.1x291.7x14.3x
Tue, 15 Jul 2025Rp462.3tRp72.4tRp3.5t42x132.7x6.4x
Thu, 12 Jun 2025Rp475.3tRp69.2tRp3.4t40.8x138.6x6.9x
Sat, 10 May 2025Rp479.5tRp70.3tRp3.4t78x140.1x6.8x
Mon, 07 Apr 2025Rp511.6tRp71.4tRp2.4t36.3x215.3x7.2x
Wed, 05 Mar 2025Rp385.5tRp70.7tRp2.3t40.1x169.7x5.4x
Fri, 31 Jan 2025Rp176.7tRp70.4tRp2.3t31x77.8x2.5x
Sun, 29 Dec 2024Rp168.2tRp70.2tRp2.3t30.1x73.4x2.4x
Tue, 26 Nov 2024Rp185.6tRp70.7tRp2.2t32.2x82.8x2.6x
Thu, 24 Oct 2024Rp169.7tRp70.7tRp1.9t30.7x89x2.4x
Sat, 21 Sep 2024Rp171.8tRp70.3tRp1.8t23.9x92.9x2.4x
Mon, 19 Aug 2024Rp135.4tRp70.3tRp1.9t16.6x73x1.9x
Wed, 17 Jul 2024Rp128.7tRp71.3tRp1.3t12.8x96.6x1.8x
Fri, 14 Jun 2024Rp111.2tRp70.4tRp1.1t11.7x104x1.6x
Sun, 12 May 2024Rp111.9tRp71.4tRp1.0t13.9x106.6x1.6x
Tue, 09 Apr 2024Rp111.3tRp61.2tRp912.5b16.8x122x1.8x
Thu, 07 Mar 2024Rp110.8tRp60.8tRp1.5t19.8x72.8x1.8x
Sat, 03 Feb 2024Rp121.0tRp62.0tRp1.7t25.1x69.8x2x
Mon, 01 Jan 2024Rp143.9tRp64.1tRp1.6t28.8x88.7x2.2x
Wed, 29 Nov 2023Rp148.4tRp64.5tRp1.6t27.2x91.3x2.3x
Fri, 27 Oct 2023Rp115.1tRp62.4tRp1.6t26.9x72.1x1.8x
Sun, 24 Sep 2023Rp118.6tRp62.0tRp1.6t26.9x75.9x1.9x
Tue, 22 Aug 2023Rp120.7tRp73.4tRp1.8t26.3x68.1x1.6x
Thu, 20 Jul 2023Rp123.4tRp69.6tRp2.1t36.9x57.5x1.8x
Sat, 17 Jun 2023Rp129.6tRp69.5tRp2.1t34.4x60.5x1.9x
Mon, 15 May 2023Rp127.4tRp69.5tRp2.2t36.8x57.5x1.8x
Wed, 12 Apr 2023Rp131.3tRp60.5tRp2.2t40.6x60.8x2.2x
Fri, 10 Mar 2023Rp137.3tRp73.6tRp1.9t33.4x71.4x1.9x
Price to Earnings Ratio

71.4x


Total Market Cap: Rp137.3tTotal Earnings: Rp1.9tTotal Revenue: Rp73.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Tech Sector Price to Earnings3Y Average 122.4x202420252026
Current Industry PE
  • Investors are optimistic on the Indonesian Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 174x which is higher than its 3-year average PE of 122x.
  • The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 8.5x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 23% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

ID Market-0.88%
Tech-2.08%
Software2.47%
Semiconductors0%0
Communications-1.29%
Tech Hardware-1.48%
Electronic Equipment and Components-1.63%
IT-2.13%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Electronic Equipment and Components industry, which is trading close to its 3-year average of 10.9x.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 5.3% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 21% 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
TFAS Telefast IndonesiaRp286.0025.4%
+Rp96.1b		194.8%PE2099.8x

Latest News

MLPT
Rp25,000.00
Multipolar Technology
7D
-26.4%
1Y
-37.5%
CYBR
Rp1,450.00
ITSEC Asia
7D
-3.7%
1Y
132.0%
DCII
Rp215,200.00
DCI Indonesia
7D
-0.3%
1Y
85.3%
MDRN
Rp59.00
Modern Internasional
7D
-24.4%
1Y
742.9%
MSTI
Rp1,315.00
Mastersystem Infotama
7D
-3.0%
1Y
-6.7%
IRSX
Rp540.00
Folago Global Nusantara
7D
-18.2%
1Y
1,762.1%
INET
Rp326.00
Sinergi Inti Andalan Prima
7D
-21.6%
1Y
109.0%
TFAS
Rp286.00
Telefast Indonesia
7D
25.4%
1Y
194.8%
MTDL
Rp555.00
Metrodata Electronics
7D
-3.5%
1Y
-2.6%