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Indonesian (IDX) Tech Sector Analysis
UpdatedApr 22, 2026
DataAggregated Company Financials
Companies33
- 7D2.1%
- 3M-18.1%
- 1Y14.3%
- YTD-18.8%
Over the last 7 days, the Tech industry has risen 2.1%, driven by gains from Multipolar Technology of 5.9%. Meanwhile, ITSEC Asia actually underperformed within the industry, shrinking 10% in the last week. This takes the industry's 12 month performance to a gain of 14%. Earnings are forecast to grow by 21% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 22 Apr 2026 | Rp577.5t | Rp75.3t | Rp3.5t | 80.1x | 164.6x | 7.7x |
| Fri, 20 Mar 2026 | Rp576.0t | Rp73.4t | Rp3.4t | 80.1x | 169.4x | 7.8x |
| Sun, 15 Feb 2026 | Rp655.1t | Rp73.4t | Rp3.5t | 70.4x | 185x | 8.9x |
| Tue, 13 Jan 2026 | Rp693.1t | Rp73.4t | Rp3.5t | 64.5x | 195.9x | 9.4x |
| Thu, 11 Dec 2025 | Rp772.8t | Rp73.3t | Rp3.5t | 67.3x | 218.2x | 10.5x |
| Sat, 08 Nov 2025 | Rp817.6t | Rp73.4t | Rp3.5t | 59.4x | 234.3x | 11.1x |
| Mon, 06 Oct 2025 | Rp1063.5t | Rp72.3t | Rp3.5t | 27.4x | 300.8x | 14.7x |
| Wed, 03 Sep 2025 | Rp960.8t | Rp72.2t | Rp3.5t | 29.1x | 271.9x | 13.3x |
| Fri, 01 Aug 2025 | Rp937.7t | Rp73.3t | Rp3.5t | 45.3x | 268x | 12.8x |
| Sun, 29 Jun 2025 | Rp468.7t | Rp69.2t | Rp3.4t | 46.9x | 136.6x | 6.8x |
| Tue, 27 May 2025 | Rp442.9t | Rp70.1t | Rp3.4t | 49x | 129.1x | 6.3x |
| Thu, 24 Apr 2025 | Rp496.2t | Rp71.2t | Rp2.9t | 35.8x | 168.9x | 7x |
| Sat, 22 Mar 2025 | Rp473.9t | Rp71.2t | Rp2.5t | 43.6x | 190.8x | 6.7x |
| Mon, 17 Feb 2025 | Rp202.7t | Rp70.4t | Rp2.3t | 31.7x | 89.2x | 2.9x |
| Wed, 15 Jan 2025 | Rp165.2t | Rp70.4t | Rp2.3t | 29.2x | 72.6x | 2.3x |
| Fri, 13 Dec 2024 | Rp172.9t | Rp70.2t | Rp2.3t | 31.6x | 75.6x | 2.5x |
| Sun, 10 Nov 2024 | Rp157.0t | Rp71.8t | Rp2.2t | 29.2x | 71.1x | 2.2x |
| Tue, 08 Oct 2024 | Rp160.1t | Rp70.7t | Rp1.9t | 26.1x | 83.9x | 2.3x |
| Thu, 05 Sep 2024 | Rp131.5t | Rp70.3t | Rp1.9t | 20.4x | 71x | 1.9x |
| Sat, 03 Aug 2024 | Rp130.2t | Rp71.3t | Rp1.3t | 13.3x | 99.5x | 1.8x |
| Mon, 01 Jul 2024 | Rp118.0t | Rp71.3t | Rp1.3t | 13x | 88.4x | 1.7x |
| Wed, 29 May 2024 | Rp115.2t | Rp70.4t | Rp1.1t | 11.8x | 106.6x | 1.6x |
| Fri, 26 Apr 2024 | Rp113.0t | Rp60.6t | Rp978.1b | 21.5x | 115.6x | 1.9x |
| Sun, 24 Mar 2024 | Rp112.3t | Rp60.9t | Rp1.6t | 18.9x | 72.4x | 1.8x |
| Tue, 20 Feb 2024 | Rp125.0t | Rp61.8t | Rp1.8t | 20.1x | 69.4x | 2x |
| Thu, 18 Jan 2024 | Rp133.8t | Rp64.1t | Rp1.6t | 27.9x | 81.1x | 2.1x |
| Sat, 16 Dec 2023 | Rp156.4t | Rp64.1t | Rp1.6t | 28.5x | 96.3x | 2.4x |
| Mon, 13 Nov 2023 | Rp120.4t | Rp64.5t | Rp1.6t | 27.8x | 74x | 1.9x |
| Wed, 11 Oct 2023 | Rp120.5t | Rp62.0t | Rp1.6t | 26.4x | 77x | 1.9x |
| Fri, 08 Sep 2023 | Rp116.0t | Rp70.3t | Rp1.6t | 26.9x | 72.1x | 1.6x |
| Sun, 06 Aug 2023 | Rp118.8t | Rp69.6t | Rp1.7t | 33.7x | 68.4x | 1.7x |
| Tue, 04 Jul 2023 | Rp127.8t | Rp69.5t | Rp2.1t | 33.2x | 59.7x | 1.8x |
| Thu, 01 Jun 2023 | Rp123.8t | Rp69.7t | Rp2.1t | 36.6x | 58.9x | 1.8x |
| Sat, 29 Apr 2023 | Rp134.3t | Rp69.1t | Rp2.2t | 40.6x | 60.2x | 1.9x |
Price to Earnings Ratio
60.2x
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 165x which is higher than its 3-year average PE of 127x.
- The 3-year average PS ratio of 4.8x is lower than the industry's current PS ratio of 7.7x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 16% per year over the last three years.
- Revenues for these companies have grown 2.9% 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 | -1.71% | |
| Tech | 2.14% | |
| Electronic Equipment and Components | 2.35% | |
| IT | 2.18% | |
| Communications | 1.53% | |
| Semiconductors | 0% | 0 |
| Tech Hardware | -0.79% | |
| Software | -1.92% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 223x.
- 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 10.8x.
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 14% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MLPT Multipolar Technology | Rp25.73k | 5.9% +Rp2.7t | -28.5% | PE143.3x | |
| INET Sinergi Inti Andalan Prima | Rp354.00 | 6.0% +Rp447.5b | 147.6% | PE323.4x | |
| MTDL Metrodata Electronics | Rp605.00 | 3.4% +Rp245.5b | 6.1% | PE9.1x | |
| IRSX Folago Global Nusantara | Rp500.00 | 5.0% +Rp148.7b | 1,900.0% | PE122.6x | |
| TFAS Telefast Indonesia | Rp248.00 | 14.8% +Rp53.0b | 136.2% | PS1.3x |