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Indonesian (IDX) IT Industry Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies12
  • 7D-1.4%
  • 3M101.5%
  • 1Y448.3%
  • YTD490.3%

Over the last 7 days, the IT industry has dropped 1.4%, driven by DCI Indonesia declining 5.2%. In contrast, Multipolar Technology has gained 18%. Over the past 12 months, the industry was up 448%. Looking forward, earnings are forecast to grow by 6.9% annually.

Industry Valuation and Performance

Has the Indonesian IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025Rp921.1tRp29.6tRp2.4t57.7x378.4x31.1x
Thu, 14 Aug 2025Rp882.2tRp29.6tRp2.4t58.6x362.4x29.8x
Sat, 12 Jul 2025Rp442.2tRp30.5tRp2.5t43.7x175.4x14.5x
Mon, 09 Jun 2025Rp442.5tRp30.5tRp2.5t45x175.6x14.5x
Wed, 07 May 2025Rp458.9tRp32.5tRp2.5t41.3x183.4x14.1x
Fri, 04 Apr 2025Rp498.4tRp32.5tRp2.1t41.6x232.3x15.3x
Sun, 02 Mar 2025Rp377.3tRp32.7tRp2.1t44.5x179x11.5x
Tue, 28 Jan 2025Rp158.5tRp32.7tRp2.1t29.4x75.2x4.8x
Thu, 26 Dec 2024Rp153.9tRp32.7tRp2.1t28.7x72.4x4.7x
Sat, 23 Nov 2024Rp172.3tRp34.3tRp2.1t29.4x83.1x5x
Mon, 21 Oct 2024Rp156.4tRp33.5tRp2.0t31x77.9x4.7x
Wed, 18 Sep 2024Rp168.5tRp33.1tRp2.0t23.9x86.3x5.1x
Fri, 16 Aug 2024Rp121.1tRp33.1tRp2.0t16.3x62x3.7x
Sun, 14 Jul 2024Rp111.2tRp34.3tRp1.8t12.9x61.6x3.2x
Tue, 11 Jun 2024Rp97.5tRp33.4tRp1.5t13.9x63.3x2.9x
Thu, 09 May 2024Rp97.2tRp34.3tRp1.5t12.9x65.5x2.8x
Sat, 06 Apr 2024Rp95.5tRp24.1tRp1.1t16.8x85.1x4x
Mon, 04 Mar 2024Rp94.9tRp23.3tRp1.2t19.2x81.3x4.1x
Wed, 31 Jan 2024Rp111.6tRp24.2tRp1.4t24.5x78.5x4.6x
Fri, 29 Dec 2023Rp125.1tRp24.3tRp1.4t28.8x88.8x5.2x
Sun, 26 Nov 2023Rp157.7tRp24.0tRp1.4t28.1x111.2x6.6x
Tue, 24 Oct 2023Rp98.2tRp20.6tRp991.0b31.7x99x4.8x
Thu, 21 Sep 2023Rp95.9tRp20.6tRp991.0b37.3x96.7x4.6x
Sat, 19 Aug 2023Rp98.2tRp28.9tRp1.0t45.2x98.1x3.4x
Mon, 17 Jul 2023Rp100.1tRp28.4tRp1.1t39.7x92x3.5x
Wed, 14 Jun 2023Rp102.3tRp28.4tRp1.1t35.6x94x3.6x
Fri, 12 May 2023Rp100.9tRp27.2tRp1.2t37x85.9x3.7x
Sun, 09 Apr 2023Rp105.1tRp17.8tRp996.1b47.4x105.6x5.9x
Tue, 07 Mar 2023Rp112.7tRp30.5tRp852.2b61.5x132.3x3.7x
Thu, 02 Feb 2023Rp113.4tRp30.5tRp852.2b56.7x133.1x3.7x
Sat, 31 Dec 2022Rp115.3tRp30.4tRp601.9b152.4x191.6x3.8x
Mon, 28 Nov 2022Rp113.4tRp30.7tRp607.4b127.4x186.7x3.7x
Wed, 26 Oct 2022Rp119.6tRp30.5tRp570.4b167.1x209.7x3.9x
Fri, 23 Sep 2022Rp130.5tRp30.5tRp570.4b183.8x228.7x4.3x
Price to Earnings Ratio

228.7x


Total Market Cap: Rp130.5tTotal Earnings: Rp570.4bTotal Revenue: Rp30.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian IT Industry Price to Earnings3Y Average 128.2x202320242025
Current Industry PE
  • Investors are optimistic on the Indonesian IT industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 378x which is higher than its 3-year average PE of 128x.
  • The industry's 3-year average PS ratio of 6.9x is exceeded by the industry's current PS ratio of 31.1x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 62% 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 industry?

ID Market1.88%
Tech-1.29%
IT-1.41%
IT Consulting15.46%
Data Processing Services0%0
Internet Services and Infrastructure-5.13%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 259x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the IT Consulting industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 40.1x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 6.9% over the next 5 years.
  • This is better than its past earnings decline of 3.5% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 6.9% 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
MLPT Multipolar TechnologyRp109.20k50.6%
+Rp68.8t		2,421.9%PE875.9x
INET Sinergi Inti Andalan PrimaRp228.0010.7%
+Rp165.0b		208.1%PE211.4x
KREN Quantum Clovera InvestamaRp22.0029.4%
+Rp91.0b		144.4%PS0.07x
EDGE IndointernetRp4.28k0.7%
+Rp60.6b		-10.8%PE57.7x
WGSH Wira Global SolusiRp216.0023.4%
+Rp42.7b		142.7%PE42.7x

Latest News

ELIT
Rp188.00
Data Sinergitama Jaya
7D
6.2%
1Y
74.1%
WGSH
Rp216.00
Wira Global Solusi
7D
23.4%
1Y
142.7%
INET
Rp228.00
Sinergi Inti Andalan Prima
7D
10.7%
1Y
208.1%
MSTI
Rp1,535.00
Mastersystem Infotama
7D
0.7%
1Y
-4.1%
AREA
Rp505.00
Dunia Virtual Online
7D
-2.9%
1Y
121.5%
ATIC
Rp454.00
Anabatic Technologies
7D
2.7%
1Y
10.7%
WIRG
Rp165.00
WIR ASIA
7D
-2.9%
1Y
87.5%
KREN
Rp22.00
Quantum Clovera Investama
7D
29.4%
1Y
144.4%
EDGE
Rp4,280.00
Indointernet
7D
0.7%
1Y
-10.8%
CYBR
Rp985.00
ITSEC Asia
7D
-0.5%
1Y
196.7%
MLPT
Rp109,200.00
Multipolar Technology
7D
50.6%
1Y
2,421.9%
DCII
Rp305,775.00
DCI Indonesia
7D
-2.9%
1Y
420.9%