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Indonesian (IDX) Tech Sector Analysis
UpdatedMar 21, 2026
DataAggregated Company Financials
Companies33
- 7D2.6%
- 3M-24.3%
- 1Y21.1%
- YTD-19.0%
Over the last 7 days, the Tech industry has risen 2.6%, driven by gains from DCI Indonesia of 4.1%. Meanwhile, Multipolar Technology actually underperformed within the industry, shrinking 15% in the last week. This means that the industry has gained 21% over the past year. As for the next few years, earnings are expected to grow by 24% per annum.
Sector Valuation and Performance
Has the Indonesian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Mar 2026 | Rp576.0t | Rp73.4t | Rp3.4t | 80.1x | 169.4x | 7.8x |
| Mon, 16 Feb 2026 | Rp655.1t | Rp73.4t | Rp3.5t | 70.4x | 185x | 8.9x |
| Wed, 14 Jan 2026 | Rp692.1t | Rp73.4t | Rp3.5t | 64.5x | 195.6x | 9.4x |
| Fri, 12 Dec 2025 | Rp772.2t | Rp73.3t | Rp3.5t | 67.1x | 218x | 10.5x |
| Sun, 09 Nov 2025 | Rp817.6t | Rp73.4t | Rp3.5t | 59.4x | 234.3x | 11.1x |
| Tue, 07 Oct 2025 | Rp1095.9t | Rp72.3t | Rp3.5t | 27.1x | 310x | 15.2x |
| Thu, 04 Sep 2025 | Rp971.7t | Rp72.2t | Rp3.5t | 28.8x | 275x | 13.5x |
| Sat, 02 Aug 2025 | Rp937.6t | Rp73.3t | Rp3.5t | 46.3x | 268x | 12.8x |
| Mon, 30 Jun 2025 | Rp468.7t | Rp69.2t | Rp3.4t | 46.9x | 136.6x | 6.8x |
| Wed, 28 May 2025 | Rp445.7t | Rp70.1t | Rp3.4t | 49.1x | 129.9x | 6.4x |
| Fri, 25 Apr 2025 | Rp501.6t | Rp71.2t | Rp2.9t | 36.2x | 170.7x | 7x |
| Sun, 23 Mar 2025 | Rp473.8t | Rp71.2t | Rp2.5t | 43.6x | 190.7x | 6.7x |
| Tue, 18 Feb 2025 | Rp204.6t | Rp70.4t | Rp2.3t | 31.1x | 90.1x | 2.9x |
| Thu, 16 Jan 2025 | Rp164.9t | Rp70.4t | Rp2.3t | 29.4x | 72.5x | 2.3x |
| Sat, 14 Dec 2024 | Rp173.1t | Rp70.2t | Rp2.3t | 31.1x | 75.7x | 2.5x |
| Mon, 11 Nov 2024 | Rp157.0t | Rp71.8t | Rp2.2t | 29.2x | 71.1x | 2.2x |
| Wed, 09 Oct 2024 | Rp160.2t | Rp70.7t | Rp1.9t | 26x | 84x | 2.3x |
| Fri, 06 Sep 2024 | Rp133.7t | Rp70.3t | Rp1.9t | 20x | 72.2x | 1.9x |
| Sun, 04 Aug 2024 | Rp128.9t | Rp70.3t | Rp1.9t | 13.3x | 69.2x | 1.8x |
| Tue, 02 Jul 2024 | Rp120.1t | Rp71.3t | Rp1.3t | 12.7x | 90.1x | 1.7x |
| Thu, 30 May 2024 | Rp115.2t | Rp70.4t | Rp1.1t | 11.9x | 106.5x | 1.6x |
| Sat, 27 Apr 2024 | Rp113.1t | Rp60.6t | Rp978.7b | 21.5x | 115.5x | 1.9x |
| Mon, 25 Mar 2024 | Rp112.3t | Rp60.9t | Rp1.6t | 18.9x | 72.4x | 1.8x |
| Wed, 21 Feb 2024 | Rp124.8t | Rp61.8t | Rp1.8t | 20.3x | 69.3x | 2x |
| Fri, 19 Jan 2024 | Rp134.1t | Rp64.1t | Rp1.6t | 26.9x | 81.3x | 2.1x |
| Sun, 17 Dec 2023 | Rp156.4t | Rp64.1t | Rp1.6t | 28.5x | 96.3x | 2.4x |
| Tue, 14 Nov 2023 | Rp120.4t | Rp64.6t | Rp1.6t | 27.5x | 74x | 1.9x |
| Thu, 12 Oct 2023 | Rp120.7t | Rp62.0t | Rp1.6t | 26.7x | 77.1x | 1.9x |
| Sat, 09 Sep 2023 | Rp116.4t | Rp70.3t | Rp1.6t | 25.8x | 72.4x | 1.7x |
| Mon, 07 Aug 2023 | Rp118.8t | Rp70.0t | Rp1.5t | 33.7x | 76.7x | 1.7x |
| Wed, 05 Jul 2023 | Rp122.1t | Rp69.5t | Rp2.1t | 32.8x | 57x | 1.8x |
| Fri, 02 Jun 2023 | Rp125.9t | Rp70.1t | Rp2.1t | 36.6x | 59.2x | 1.8x |
| Sun, 30 Apr 2023 | Rp134.4t | Rp69.1t | Rp2.2t | 40.6x | 60.2x | 1.9x |
| Tue, 28 Mar 2023 | Rp133.5t | Rp61.0t | Rp2.1t | 31.5x | 64.3x | 2.2x |
Price to Earnings Ratio
64.3x
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 169x which is higher than its 3-year average PE of 124x.
- The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 7.8x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 6.3% 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 Market | -1.01% | |
| Tech | 2.62% | |
| Electronic Equipment and Components | 3.26% | |
| IT | 2.65% | |
| Software | 0.16% | |
| Semiconductors | 0% | 0 |
| Tech Hardware | -0.93% | |
| Communications | -2.99% | |
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 24% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the IT industry is expected to see its earnings grow by 24% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DCII DCI Indonesia | Rp208.98k | 4.1% +Rp19.5t | 37.5% | PE497.5x | |
| MTDL Metrodata Electronics | Rp560.00 | 3.7% +Rp245.5b | 3.7% | PE9.1x | |
| ATIC Anabatic Technologies | Rp540.00 | 8.0% +Rp92.6b | 31.1% | PE5.3x | |
| IRSX Folago Global Nusantara | Rp428.00 | 1.9% +Rp49.6b | 1,683.3% | PE126x | |
| PTSN Sat Nusapersada | Rp348.00 | 2.4% +Rp42.5b | 75.8% | PE9.5x |