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Indonesian (IDX) IT Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies12
  • 7D-6.0%
  • 3M-24.7%
  • 1Y21.0%
  • YTD-17.6%

Over the last 7 days, the IT industry has dropped 7.2%, driven by a pullback from DCI Indonesia of 5.0%. Over the past 12 months, the industry was up 28%. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026Rp567.8tRp30.0tRp2.3t70.4x245.7x18.9x
Mon, 02 Feb 2026Rp595.3tRp30.3tRp2.5t67.9x242x19.7x
Wed, 31 Dec 2025Rp631.4tRp30.3tRp2.5t66.3x256.7x20.9x
Fri, 28 Nov 2025Rp774.7tRp30.3tRp2.4t68.9x316.3x25.6x
Sun, 26 Oct 2025Rp841.3tRp29.8tRp2.5t61.2x337.6x28.2x
Tue, 23 Sep 2025Rp1036.7tRp29.6tRp2.4t56.8x425.9x35x
Thu, 21 Aug 2025Rp990.8tRp29.6tRp2.4t59.1x407x33.5x
Sat, 19 Jul 2025Rp619.2tRp30.5tRp2.5t47x245.6x20.3x
Mon, 16 Jun 2025Rp450.8tRp30.5tRp2.5t43x178.9x14.8x
Wed, 14 May 2025Rp463.3tRp31.5tRp2.5t40.3x184.3x14.7x
Fri, 11 Apr 2025Rp453.9tRp32.5tRp2.1t40.8x211.4x14x
Sun, 09 Mar 2025Rp467.2tRp33.1tRp2.1t40.3x222.4x14.1x
Tue, 04 Feb 2025Rp178.3tRp32.7tRp2.1t29x84.6x5.4x
Thu, 02 Jan 2025Rp153.6tRp32.7tRp2.1t28.4x72.2x4.7x
Sat, 30 Nov 2024Rp168.3tRp33.2tRp2.1t29.6x80.9x5.1x
Mon, 28 Oct 2024Rp153.9tRp33.6tRp2.0t30.2x75.8x4.6x
Wed, 25 Sep 2024Rp156.9tRp33.1tRp2.0t24.7x80.3x4.7x
Fri, 23 Aug 2024Rp120.4tRp33.1tRp2.0t17.2x61.6x3.6x
Sun, 21 Jul 2024Rp114.5tRp34.3tRp1.8t13.4x63.4x3.3x
Tue, 18 Jun 2024Rp96.3tRp33.4tRp1.5t12.7x62.5x2.9x
Thu, 16 May 2024Rp102.2tRp34.6tRp1.5t12.9x66.6x3x
Sat, 13 Apr 2024Rp95.4tRp24.1tRp1.1t16.8x85x4x
Mon, 11 Mar 2024Rp94.2tRp23.3tRp1.2t19.2x80.7x4x
Wed, 07 Feb 2024Rp111.0tRp24.2tRp1.4t20.7x78.2x4.6x
Fri, 05 Jan 2024Rp124.2tRp24.3tRp1.4t30.3x88.2x5.1x
Sun, 03 Dec 2023Rp120.1tRp32.9tRp1.5t31x82.3x3.7x
Tue, 31 Oct 2023Rp97.6tRp20.6tRp991.0b33.7x98.5x4.7x
Thu, 28 Sep 2023Rp97.6tRp20.6tRp991.0b36.8x98.4x4.7x
Sat, 26 Aug 2023Rp98.0tRp28.9tRp1.0t39.9x97.3x3.4x
Mon, 24 Jul 2023Rp99.7tRp28.4tRp1.1t38.6x91.4x3.5x
Wed, 21 Jun 2023Rp104.1tRp28.4tRp1.1t33.2x95.6x3.7x
Fri, 19 May 2023Rp104.2tRp27.9tRp1.1t35.8x92.8x3.7x
Sun, 16 Apr 2023Rp105.4tRp19.5tRp1.1t42.2x99.3x5.4x
Tue, 14 Mar 2023Rp112.0tRp30.3tRp973.6b62.3x115x3.7x
Price to Earnings Ratio

115x


Total Market Cap: Rp112.0tTotal Earnings: Rp973.6bTotal Revenue: Rp30.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian IT Industry Price to Earnings3Y Average 149.5x202420252026
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 242x which is higher than its 3-year average PE of 149x.
  • The 3-year average PS ratio of 10.4x is lower than the industry's current PS ratio of 18.6x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 33% 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 Market-7.92%
Tech-6.12%
IT-5.98%
Data Processing Services0%0
Internet Services and Infrastructure-5.29%
IT Consulting-10.47%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 295x.
    • Analysts are expecting annual earnings growth of 35.0%, which is higher than its past year's earnings growth of 29.7% per year.
  • 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 51.1x.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 35% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 9.9% 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
MSTI Mastersystem InfotamaRp1.35k0.4%
+Rp15.7b
-7.2%PE8x

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