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Indonesian (IDX) Tech Sector Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies33
  • 7D-6.0%
  • 3M-24.5%
  • 1Y21.0%
  • YTD-17.5%

Over the last 7 days, the Tech industry has dropped 6.0%, driven by a pullback from DCI Indonesia of 5.0%. Meanwhile, Folago Global Nusantara actually outperformed within the industry, gaining 8.9% in the last week. This takes the industry's 12 month performance to a gain of 21%. Earnings are forecast to grow by 25% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Mar 2026Rp585.5tRp73.1tRp3.4t70.4x172.6x8x
Wed, 04 Feb 2026Rp652.2tRp73.3tRp3.5t74.6x184.2x8.9x
Fri, 02 Jan 2026Rp652.6tRp73.3tRp3.5t66.3x184.6x8.9x
Sun, 30 Nov 2025Rp756.7tRp73.4tRp3.5t59.5x215.1x10.3x
Tue, 28 Oct 2025Rp839.0tRp72.9tRp3.6t24.4x232x11.5x
Thu, 25 Sep 2025Rp1055.3tRp72.3tRp3.5t27.6x298.4x14.6x
Sat, 23 Aug 2025Rp1003.2tRp72.2tRp3.5t31x283.9x13.9x
Mon, 21 Jul 2025Rp685.8tRp72.4tRp3.5t47x196.9x9.5x
Wed, 18 Jun 2025Rp471.5tRp69.2tRp3.4t46.1x137.5x6.8x
Fri, 16 May 2025Rp475.6tRp70.2tRp3.4t48.6x138.6x6.8x
Sun, 13 Apr 2025Rp461.8tRp71.2tRp2.4t41.1x193x6.5x
Tue, 11 Mar 2025Rp525.1tRp70.8tRp2.3t43.1x230.3x7.4x
Thu, 06 Feb 2025Rp199.6tRp70.4tRp2.3t30.1x87.9x2.8x
Sat, 04 Jan 2025Rp169.0tRp70.2tRp2.3t30.6x73.7x2.4x
Mon, 02 Dec 2024Rp182.7tRp70.7tRp2.2t31.9x81.5x2.6x
Wed, 30 Oct 2024Rp168.3tRp70.8tRp1.9t43.2x89.2x2.4x
Fri, 27 Sep 2024Rp168.8tRp70.3tRp1.8t26.8x91.3x2.4x
Sun, 25 Aug 2024Rp132.9tRp70.3tRp1.9t17.4x71.7x1.9x
Tue, 23 Jul 2024Rp129.3tRp71.3tRp1.3t12.6x97x1.8x
Thu, 20 Jun 2024Rp117.1tRp71.3tRp1.3t12.2x87.8x1.6x
Sat, 18 May 2024Rp116.2tRp71.6tRp1.1t13.3x107.8x1.6x
Mon, 15 Apr 2024Rp111.2tRp61.2tRp911.5b16.8x122x1.8x
Wed, 13 Mar 2024Rp110.8tRp60.8tRp1.5t19.2x72.9x1.8x
Fri, 09 Feb 2024Rp126.0tRp64.8tRp1.8t28.9x69.2x1.9x
Sun, 07 Jan 2024Rp142.5tRp64.1tRp1.6t30x86.5x2.2x
Tue, 05 Dec 2023Rp138.7tRp64.5tRp1.6t25.8x85.4x2.2x
Thu, 02 Nov 2023Rp115.8tRp62.0tRp1.5t25.1x76.2x1.9x
Sat, 30 Sep 2023Rp119.5tRp62.0tRp1.6t25.7x76.5x1.9x
Mon, 28 Aug 2023Rp120.1tRp73.4tRp1.8t25.7x67.8x1.6x
Wed, 26 Jul 2023Rp123.7tRp69.9tRp2.2t37.4x57.1x1.8x
Fri, 23 Jun 2023Rp129.0tRp69.5tRp2.1t34.1x60.3x1.9x
Sun, 21 May 2023Rp129.9tRp69.8tRp2.1t35.4x61.1x1.9x
Tue, 18 Apr 2023Rp133.0tRp62.1tRp2.2t42.4x60.4x2.1x
Thu, 16 Mar 2023Rp134.7tRp73.5tRp2.1t31.6x65.5x1.8x
Price to Earnings Ratio

65.5x


Total Market Cap: Rp134.7tTotal Earnings: Rp2.1tTotal Revenue: Rp73.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Tech Sector Price to Earnings3Y Average 122.9x202420252026
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 173x which is higher than its 3-year average PE of 123x.
  • The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 8.0x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 18% 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-7.91%
Tech-5.96%
Software1.39%
Semiconductors0%0
Tech Hardware-3.16%
IT-5.98%
Electronic Equipment and Components-7.49%
Communications-13.32%
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 25% 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 25% 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
IRSX Folago Global NusantaraRp490.008.9%
+Rp249.0b		2,151.4%PE144.3x
MSTI Mastersystem InfotamaRp1.35k2.3%
+Rp94.2b		-6.6%PE8x
AXIO Tera Data IndonusaRp116.000.9%
+Rp5.8b		2.7%PE11.9x
ZYRX Zyrexindo Mandiri BuanaRp148.001.4%
+Rp2.7b		22.3%PE12.5x
LUCK Sentral Mitra InformatikaRp105.001.9%
+Rp1.4b		69.4%PS0.9x

Latest News

DCII
Rp205,000.00
DCI Indonesia
7D
-5.0%
1Y
32.7%
INET
Rp290.00
Sinergi Inti Andalan Prima
7D
-11.0%
1Y
114.8%
PMUI
Rp102.00
Prima Multi Usaha Indonesia
7D
-20.9%
1Y
n/a
MLPT
Rp24,500.00
Multipolar Technology
7D
-2.0%
1Y
-44.5%
CYBR
Rp1,300.00
ITSEC Asia
7D
-10.3%
1Y
116.7%
PTSN
Rp364.00
Sat Nusapersada
7D
-9.0%
1Y
62.5%
ATIC
Rp560.00
Anabatic Technologies
7D
-6.7%
1Y
8.7%
ZYRX
Rp148.00
Zyrexindo Mandiri Buana
7D
1.4%
1Y
22.3%
MSTI
Rp1,345.00
Mastersystem Infotama
7D
2.3%
1Y
-6.6%
LUCK
Rp105.00
Sentral Mitra Informatika
7D
1.9%
1Y
69.4%
IRSX
Rp490.00
Folago Global Nusantara
7D
8.9%
1Y
2,151.4%
AXIO
Rp116.00
Tera Data Indonusa
7D
0.9%
1Y
2.7%
MTDL
Rp545.00
Metrodata Electronics
7D
-1.8%
1Y
-1.8%