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Indonesian (IDX) Tech Sector Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies32
  • 7D1.6%
  • 3M-2.6%
  • 1Y-29.7%
  • YTD-21.4%

Over the last 7 days, the Tech industry has risen 1.6%, driven by gains from Multipolar Technology of 97%. In contrast, the industry has lost 30% in the last 12 months. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026Rp551.8tRp76.9tRp3.2t40x170.6x7.2x
Fri, 19 Jun 2026Rp521.6tRp76.8tRp3.2t40.4x161.2x6.8x
Sun, 17 May 2026Rp562.4tRp76.8tRp3.3t44.5x172x7.3x
Tue, 14 Apr 2026Rp566.4tRp75.5tRp3.5t69.9x161.7x7.5x
Thu, 12 Mar 2026Rp575.4tRp73.1tRp3.4t70.4x169.6x7.9x
Sat, 07 Feb 2026Rp638.7tRp73.4tRp3.5t71.8x180.3x8.7x
Mon, 05 Jan 2026Rp700.8tRp73.3tRp3.5t65.2x198.2x9.6x
Wed, 03 Dec 2025Rp747.9tRp73.4tRp3.5t60.5x212.7x10.2x
Fri, 31 Oct 2025Rp814.6tRp73.1tRp3.7t24.4x220.3x11.1x
Sun, 28 Sep 2025Rp1033.4tRp72.3tRp3.5t26.6x292.2x14.3x
Tue, 26 Aug 2025Rp952.6tRp72.2tRp3.5t31.6x269.7x13.2x
Thu, 24 Jul 2025Rp928.1tRp72.4tRp3.5t46.3x266x12.8x
Sat, 21 Jun 2025Rp461.1tRp69.2tRp3.4t41.9x134.4x6.7x
Mon, 19 May 2025Rp474.3tRp70.2tRp3.4t48.8x138.2x6.8x
Wed, 16 Apr 2025Rp463.1tRp71.2tRp2.9t47.2x157.9x6.5x
Fri, 14 Mar 2025Rp656.0tRp70.8tRp2.3t42.9x287.6x9.3x
Sun, 09 Feb 2025Rp198.0tRp70.4tRp2.3t30.2x87.1x2.8x
Tue, 07 Jan 2025Rp170.4tRp70.2tRp2.3t30.2x74.9x2.4x
Thu, 05 Dec 2024Rp180.5tRp70.2tRp2.3t31.5x78.9x2.6x
Sat, 02 Nov 2024Rp167.5tRp70.7tRp1.9t43.7x86.4x2.4x
Mon, 30 Sep 2024Rp169.6tRp70.3tRp1.8t27.8x91.7x2.4x
Wed, 28 Aug 2024Rp133.0tRp70.3tRp1.9t18x71.8x1.9x
Fri, 26 Jul 2024Rp133.9tRp71.4tRp1.3t13.3x100.3x1.9x
Sun, 23 Jun 2024Rp117.5tRp71.4tRp1.3t12.5x88x1.6x
Tue, 21 May 2024Rp116.2tRp71.6tRp1.1t12.1x109.4x1.6x
Thu, 18 Apr 2024Rp111.3tRp61.4tRp928.3b14.8x119.8x1.8x
Sat, 16 Mar 2024Rp114.7tRp60.8tRp1.5t20.1x75.5x1.9x
Mon, 12 Feb 2024Rp126.0tRp64.8tRp1.8t28.9x69.2x1.9x
Wed, 10 Jan 2024Rp137.8tRp64.1tRp1.6t29.7x83.6x2.1x
Fri, 08 Dec 2023Rp153.1tRp64.7tRp1.6t28.9x96.5x2.4x
Sun, 05 Nov 2023Rp115.9tRp61.0tRp1.2t26x94.1x1.9x
Tue, 03 Oct 2023Rp119.4tRp62.0tRp1.6t25.5x76.3x1.9x
Thu, 31 Aug 2023Rp119.7tRp73.3tRp1.8t27.3x68x1.6x
Sat, 29 Jul 2023Rp124.0tRp70.0tRp2.2t36.3x56.1x1.8x
Price to Earnings Ratio

56.1x


Total Market Cap: Rp124.0tTotal Earnings: Rp2.2tTotal Revenue: Rp70.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Tech Sector Price to Earnings3Y Average 135.6x202420252026
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 171x which is higher than its 3-year average PE of 136x.
  • The 3-year average PS ratio of 5.3x is lower than the industry's current PS ratio of 7.2x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 3.2% 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 Tech sector?

ID Market4.81%
Tech1.57%
Software10.78%
Electronic Equipment and Components2.65%
IT1.51%
Tech Hardware1.27%
Communications0.86%
Semiconductors0%0
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 168x.
    • Analysts are expecting annual earnings growth of 19.0%, which is higher than its past year's earnings decline of 3.8% per year.
  • Investors are most pessimistic about the Electronic Equipment and Components industry, which is trading below its 3-year average of 10.7x.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 3.8% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 19% 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
MLPT Multipolar TechnologyRp1.63k96.7%
+Rp37.5t		25.6%PE251.6x
INET Sinergi Inti Andalan PrimaRp234.009.3%
+Rp447.5b		-20.4%PE143x
IRSX Folago Global NusantaraRp312.0016.4%
+Rp272.6b		609.1%PE66.2x
AREA Dunia Virtual OnlineRp302.0023.8%
+Rp147.3b		-27.1%PE88.5x
WIRG WIR ASIARp59.0013.5%
+Rp83.6b		-48.2%PE9.2x

Latest News

IRSX
Rp312.00
Folago Global Nusantara
7D
16.4%
1Y
609.1%
MLPT
Rp1,625.00
Multipolar Technology
7D
96.7%
1Y
25.6%
AREA
Rp302.00
Dunia Virtual Online
7D
23.8%
1Y
-27.1%
CYBR
Rp575.00
ITSEC Asia
7D
-3.4%
1Y
21.1%
CHIP
Rp935.00
Pelita Teknologi Global
7D
-0.5%
1Y
-29.2%
TRON
Rp114.00
Teknologi Karya Digital Nusa
7D
14.0%
1Y
14.0%
WGSH
Rp131.00
Wira Global Solusi
7D
-7.1%
1Y
54.1%
MSTI
Rp1,350.00
Mastersystem Infotama
7D
1.9%
1Y
-9.7%
WIRG
Rp59.00
WIR ASIA
7D
13.5%
1Y
-48.2%
INET
Rp234.00
Sinergi Inti Andalan Prima
7D
9.3%
1Y
-20.4%
KREN
Rp14.00
Quantum Clovera Investama
7D
16.7%
1Y
55.6%
DCII
Rp191,000.00
DCI Indonesia
7D
-3.9%
1Y
-33.9%