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Indonesian (IDX) Tech Sector Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies33
  • 7D-0.7%
  • 3M-20.2%
  • 1Y202.1%
  • YTD-6.5%

The Tech is pretty flat in the last 7 days, but Sinergi Inti Andalan Prima has stood out, gaining 13%. The past year has been better, since the industry has gained 202% in that time. As for the next few years, earnings are expected to grow by 21% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026Rp655.1tRp73.4tRp3.5t70.4x185x8.9x
Fri, 16 Jan 2026Rp693.0tRp73.4tRp3.5t66.1x195.9x9.4x
Sun, 14 Dec 2025Rp767.1tRp73.3tRp3.5t65.8x216.6x10.5x
Tue, 11 Nov 2025Rp821.9tRp73.4tRp3.5t59.1x234.8x11.2x
Thu, 09 Oct 2025Rp1135.2tRp72.3tRp3.5t26.7x321.1x15.7x
Sat, 06 Sep 2025Rp965.2tRp72.2tRp3.5t29.6x273.1x13.4x
Mon, 04 Aug 2025Rp943.2tRp74.1tRp3.6t46.3x262.7x12.7x
Wed, 02 Jul 2025Rp468.7tRp69.2tRp3.4t45.7x136.6x6.8x
Fri, 30 May 2025Rp458.1tRp70.1tRp3.4t46.2x133.8x6.5x
Sun, 27 Apr 2025Rp502.4tRp71.6tRp3.2t35.8x156.3x7x
Tue, 25 Mar 2025Rp505.8tRp71.2tRp2.5t42x203.5x7.1x
Thu, 20 Feb 2025Rp216.6tRp70.4tRp2.3t31.1x95.3x3.1x
Sat, 18 Jan 2025Rp164.9tRp70.4tRp2.3t31.1x72.6x2.3x
Mon, 16 Dec 2024Rp173.1tRp70.2tRp2.3t31.1x75.7x2.5x
Wed, 13 Nov 2024Rp171.8tRp71.8tRp2.2t28.8x77.7x2.4x
Fri, 11 Oct 2024Rp162.3tRp70.7tRp1.9t28.8x85.2x2.3x
Sun, 08 Sep 2024Rp133.8tRp70.3tRp1.9t19.7x72.3x1.9x
Tue, 06 Aug 2024Rp127.0tRp70.3tRp1.9t13.3x68.2x1.8x
Thu, 04 Jul 2024Rp121.1tRp71.3tRp1.3t12.4x90.8x1.7x
Sat, 01 Jun 2024Rp113.9tRp70.4tRp1.1t11.3x105.2x1.6x
Mon, 29 Apr 2024Rp113.6tRp60.6tRp975.6b21.5x116.4x1.9x
Wed, 27 Mar 2024Rp111.8tRp60.9tRp1.6t18.9x72x1.8x
Fri, 23 Feb 2024Rp115.5tRp60.8tRp1.5t21.3x74.6x1.9x
Sun, 21 Jan 2024Rp133.3tRp64.1tRp1.6t27.9x80.9x2.1x
Tue, 19 Dec 2023Rp144.8tRp64.1tRp1.6t27.9x89.2x2.3x
Thu, 16 Nov 2023Rp114.9tRp64.5tRp1.6t23.4x70.8x1.8x
Sat, 14 Oct 2023Rp120.6tRp62.0tRp1.6t25x77.1x1.9x
Mon, 11 Sep 2023Rp115.1tRp62.0tRp1.6t26.6x73.7x1.9x
Wed, 09 Aug 2023Rp118.8tRp70.1tRp1.6t33.9x76.5x1.7x
Fri, 07 Jul 2023Rp122.1tRp69.5tRp2.1t33.1x57x1.8x
Sun, 04 Jun 2023Rp125.9tRp70.1tRp2.1t36.6x59.2x1.8x
Tue, 02 May 2023Rp134.4tRp69.1tRp2.2t40.6x60.2x1.9x
Thu, 30 Mar 2023Rp135.3tRp60.4tRp2.1t32.3x63.6x2.2x
Sat, 25 Feb 2023Rp139.3tRp73.5tRp1.9t31.1x72.7x1.9x
Price to Earnings Ratio

72.7x


Total Market Cap: Rp139.3tTotal Earnings: Rp1.9tTotal Revenue: Rp73.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Tech Sector Price to Earnings3Y Average 121.1x202420252026
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 185x which is higher than its 3-year average PE of 121x.
  • The 3-year average PS ratio of 4.5x is lower than the industry's current PS ratio of 8.9x.
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 Market0.93%
Tech-0.69%
Software5.40%
Tech Hardware1.36%
Communications0.97%
Electronic Equipment and Components0.74%
Semiconductors0%0
IT-0.77%
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
INET Sinergi Inti Andalan PrimaRp430.0012.6%
+Rp426.9b		277.2%PE205.7x
IRSX Folago Global NusantaraRp610.007.0%
+Rp247.8b		2,078.6%PE179.6x
MSTI Mastersystem InfotamaRp1.40k3.7%
+Rp157.0b		-1.4%PE8.3x
MDRN Modern InternasionalRp72.0016.1%
+Rp76.3b		800.0%PE23.1x
NINE Techno9 IndonesiaRp171.0014.8%
+Rp47.5b		n/aPS41.8x

Latest News

MDRN
Rp72.00
Modern Internasional
7D
16.1%
1Y
800.0%
CYBR
Rp1,515.00
ITSEC Asia
7D
-3.5%
1Y
152.5%
WGSH
Rp250.00
Wira Global Solusi
7D
-5.3%
1Y
131.5%
NINE
Rp171.00
Techno9 Indonesia
7D
14.8%
1Y
n/a
PTSN
Rp392.00
Sat Nusapersada
7D
-1.5%
1Y
102.1%
MSTI
Rp1,395.00
Mastersystem Infotama
7D
3.7%
1Y
-1.4%
IRSX
Rp610.00
Folago Global Nusantara
7D
7.0%
1Y
2,078.6%
TRON
Rp189.00
Teknologi Karya Digital Nusa
7D
2.7%
1Y
34.0%
INET
Rp430.00
Sinergi Inti Andalan Prima
7D
12.6%
1Y
277.2%
GLVA
Rp354.00
Galva Technologies
7D
-5.3%
1Y
12.0%
AXIO
Rp120.00
Tera Data Indonusa
7D
-2.4%
1Y
6.2%
KREN
Rp21.00
Quantum Clovera Investama
7D
-4.5%
1Y
162.5%
TFAS
Rp222.00
Telefast Indonesia
7D
4.7%
1Y
115.5%
AREA
Rp420.00
Dunia Virtual Online
7D
1.4%
1Y
101.9%
MLPT
Rp36,125.00
Multipolar Technology
7D
-3.9%
1Y
-5.6%
DCII
Rp224,775.00
DCI Indonesia
7D
-0.2%
1Y
301.2%