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Indonesian (IDX) Tech Sector Analysis

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies33
  • 7D-4.1%
  • 3M-27.9%
  • 1Y2.2%
  • YTD-21.1%

Over the last 7 days, the Tech industry has dropped 4.1%, driven by a pullback from Multipolar Technology of 27%. Meanwhile, ITSEC Asia actually outperformed within the industry, gaining 5.4% in the last week. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 25% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026Rp561.3tRp73.1tRp3.4t70.4x165.3x7.7x
Tue, 10 Feb 2026Rp653.2tRp73.3tRp3.5t70.4x184.5x8.9x
Thu, 08 Jan 2026Rp712.2tRp73.3tRp3.5t66.8x201.4x9.7x
Sat, 06 Dec 2025Rp762.6tRp73.4tRp3.5t62x216.8x10.4x
Mon, 03 Nov 2025Rp817.8tRp73.0tRp3.6t24.7x224.3x11.2x
Wed, 01 Oct 2025Rp974.7tRp72.3tRp3.5t27.1x275.6x13.5x
Fri, 29 Aug 2025Rp960.9tRp72.2tRp3.5t29.9x272x13.3x
Sun, 27 Jul 2025Rp927.5tRp72.6tRp3.5t46x262.7x12.8x
Tue, 24 Jun 2025Rp469.4tRp69.2tRp3.4t41.9x136.8x6.8x
Thu, 22 May 2025Rp450.7tRp70.2tRp3.4t48.4x131.4x6.4x
Sat, 19 Apr 2025Rp465.7tRp71.2tRp2.9t32.9x158.7x6.5x
Mon, 17 Mar 2025Rp547.2tRp71.1tRp2.5t45.2x220.4x7.7x
Wed, 12 Feb 2025Rp203.2tRp70.4tRp2.3t29.2x89.4x2.9x
Fri, 10 Jan 2025Rp173.0tRp70.4tRp2.3t29.3x76.1x2.5x
Sun, 08 Dec 2024Rp180.8tRp70.1tRp2.3t31.7x79.1x2.6x
Tue, 05 Nov 2024Rp173.2tRp71.6tRp2.2t30.4x78.9x2.4x
Thu, 03 Oct 2024Rp169.2tRp70.3tRp1.8t29.4x91.5x2.4x
Sat, 31 Aug 2024Rp130.5tRp70.3tRp1.9t18.8x70.5x1.9x
Mon, 29 Jul 2024Rp134.5tRp72.0tRp1.3t13.1x100.4x1.9x
Wed, 26 Jun 2024Rp117.7tRp71.3tRp1.3t12.5x88.2x1.7x
Fri, 24 May 2024Rp116.7tRp70.3tRp1.1t12.5x107.9x1.7x
Sun, 21 Apr 2024Rp110.7tRp60.6tRp978.9b21.6x113.1x1.8x
Tue, 19 Mar 2024Rp114.7tRp60.8tRp1.5t20.1x75.4x1.9x
Thu, 15 Feb 2024Rp123.8tRp61.8tRp1.8t20.1x68.8x2x
Sat, 13 Jan 2024Rp134.4tRp64.1tRp1.6t29.1x81.6x2.1x
Mon, 11 Dec 2023Rp149.8tRp64.1tRp1.6t27.7x92.7x2.3x
Wed, 08 Nov 2023Rp119.8tRp64.5tRp1.6t28.5x74.5x1.9x
Fri, 06 Oct 2023Rp119.3tRp62.0tRp1.6t25.3x76.2x1.9x
Sun, 03 Sep 2023Rp118.7tRp73.3tRp1.8t28.1x67.4x1.6x
Tue, 01 Aug 2023Rp122.4tRp70.0tRp2.2t37.4x55.4x1.7x
Thu, 29 Jun 2023Rp127.8tRp69.5tRp2.1t32.4x59.7x1.8x
Sat, 27 May 2023Rp126.1tRp69.7tRp2.1t32.9x60x1.8x
Mon, 24 Apr 2023Rp132.5tRp61.3tRp2.1t41.7x61.9x2.2x
Wed, 22 Mar 2023Rp132.4tRp61.0tRp2.1t21.9x64.1x2.2x
Price to Earnings Ratio

64.1x


Total Market Cap: Rp132.4tTotal Earnings: Rp2.1tTotal Revenue: Rp61.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Tech Sector Price to Earnings3Y Average 123.5x202420252026
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 123x.
  • The 3-year average PS ratio of 4.7x 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 18% per year over the last three years.
  • Revenues for these companies have grown 6.2% 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 Market-7.00%
Tech-4.14%
Semiconductors0%0
Tech Hardware-2.65%
Electronic Equipment and Components-3.74%
IT-4.09%
Software-11.12%
Communications-12.74%
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 20% 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
CYBR ITSEC AsiaRp1.37k5.4%
+Rp465.3b		117.5%PE167.7x
RUNS Global Sukses SolusiRp122.0040.2%
+Rp34.3b		144.0%PE1548.9x
MDRN Modern InternasionalRp56.001.8%
+Rp7.6b		600.0%PE18x
JATI Informasi Teknologi IndonesiaRp102.002.0%
+Rp6.5b		104.0%PE16.8x

Latest News

DCII
Rp200,800.00
DCI Indonesia
7D
-2.0%
1Y
11.0%
INET
Rp258.00
Sinergi Inti Andalan Prima
7D
-11.0%
1Y
160.6%
MDRN
Rp56.00
Modern Internasional
7D
1.8%
1Y
600.0%
MLPT
Rp17,850.00
Multipolar Technology
7D
-27.1%
1Y
-58.0%
CYBR
Rp1,370.00
ITSEC Asia
7D
5.4%
1Y
117.5%
RUNS
Rp122.00
Global Sukses Solusi
7D
40.2%
1Y
144.0%
PTSN
Rp340.00
Sat Nusapersada
7D
-6.6%
1Y
70.9%
ATIC
Rp500.00
Anabatic Technologies
7D
-10.7%
1Y
8.7%
MSTI
Rp1,310.00
Mastersystem Infotama
7D
-2.6%
1Y
-6.1%
JATI
Rp102.00
Informasi Teknologi Indonesia
7D
2.0%
1Y
104.0%
IRSX
Rp420.00
Folago Global Nusantara
7D
-14.3%
1Y
1,400.0%
AREA
Rp326.00
Dunia Virtual Online
7D
-9.4%
1Y
-24.2%