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Indonesian (IDX) IT Industry Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies11
  • 7D1.5%
  • 3M-2.0%
  • 1Y-30.3%
  • YTD-21.1%

Over the last 7 days, the IT industry has dropped 3.6%, driven by a pullback from DCI Indonesia of 3.9%. On the other hand Multipolar Technology is actually up 74%. Overall the industry is down 33% in 12 months. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026Rp536.9tRp28.8tRp2.0t85.7x266.1x18.6x
Fri, 19 Jun 2026Rp506.8tRp28.8tRp2.0t67x251.1x17.6x
Sun, 17 May 2026Rp545.0tRp28.9tRp2.1t77.2x265.2x18.8x
Tue, 14 Apr 2026Rp549.1tRp29.8tRp2.3t80.1x239.7x18.4x
Thu, 12 Mar 2026Rp558.4tRp30.0tRp2.3t70.4x241.7x18.6x
Sat, 07 Feb 2026Rp620.3tRp30.3tRp2.5t71.8x252.1x20.5x
Mon, 05 Jan 2026Rp679.0tRp30.3tRp2.5t65.2x276x22.4x
Wed, 03 Dec 2025Rp729.5tRp30.3tRp2.5t67.3x296.5x24.1x
Fri, 31 Oct 2025Rp796.7tRp30.0tRp2.6t60.2x309.7x26.5x
Sun, 28 Sep 2025Rp1014.6tRp29.6tRp2.4t59x416.8x34.3x
Tue, 26 Aug 2025Rp936.1tRp29.6tRp2.4t58.7x384.5x31.6x
Thu, 24 Jul 2025Rp913.9tRp30.5tRp2.5t47x361.7x29.9x
Sat, 21 Jun 2025Rp447.3tRp30.5tRp2.5t42.5x177.5x14.7x
Mon, 19 May 2025Rp460.0tRp31.5tRp2.5t40.8x183x14.6x
Wed, 16 Apr 2025Rp449.9tRp32.6tRp2.2t47.2x205.3x13.8x
Fri, 14 Mar 2025Rp642.6tRp33.1tRp2.1t40.9x305.9x19.4x
Sun, 09 Feb 2025Rp184.3tRp32.7tRp2.1t29.9x87.4x5.6x
Tue, 07 Jan 2025Rp155.7tRp32.8tRp2.1t28.4x73.7x4.8x
Thu, 05 Dec 2024Rp165.6tRp32.7tRp2.1t29.6x78x5.1x
Sat, 02 Nov 2024Rp153.0tRp34.3tRp2.1t30.9x73.8x4.5x
Mon, 30 Sep 2024Rp155.8tRp33.1tRp2.0t27.8x79.7x4.7x
Wed, 28 Aug 2024Rp119.4tRp33.1tRp2.0t18x61.1x3.6x
Fri, 26 Jul 2024Rp119.6tRp34.4tRp1.8t13.3x66.2x3.5x
Sun, 23 Jun 2024Rp104.3tRp34.3tRp1.8t14.2x57.8x3x
Tue, 21 May 2024Rp102.0tRp34.6tRp1.5t13.1x67x3x
Thu, 18 Apr 2024Rp95.8tRp24.3tRp1.1t14.8x84.5x3.9x
Sat, 16 Mar 2024Rp98.5tRp23.3tRp1.2t20.1x84.4x4.2x
Mon, 12 Feb 2024Rp108.7tRp24.2tRp1.4t19.9x76.6x4.5x
Wed, 10 Jan 2024Rp119.4tRp24.2tRp1.4t29.7x84x4.9x
Fri, 08 Dec 2023Rp134.2tRp24.2tRp1.4t30x96.7x5.6x
Sun, 05 Nov 2023Rp96.6tRp20.4tRp995.3b29.2x97.1x4.7x
Tue, 03 Oct 2023Rp97.9tRp20.6tRp991.0b36.2x98.8x4.7x
Thu, 31 Aug 2023Rp97.7tRp28.9tRp1.0t42.7x97x3.4x
Sat, 29 Jul 2023Rp101.0tRp28.5tRp1.1t42x89.2x3.5x
Price to Earnings Ratio

89.2x


Total Market Cap: Rp101.0tTotal Earnings: Rp1.1tTotal Revenue: Rp28.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian IT Industry Price to Earnings3Y Average 168.3x202420252026
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 236x which is higher than its 3-year average PE of 168x.
  • The 3-year average PS ratio of 12.1x is lower than the industry's current PS ratio of 16.6x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 21% 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 Market4.81%
Tech1.57%
IT1.51%
IT Consulting51.89%
Data Processing Services0%0
Internet Services and Infrastructure-3.72%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 326x.
    • Analysts are expecting annual earnings growth of 28.3%, which is higher than its past year's earnings decline of 4.3% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 54.5x.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 4.3% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 7.3% 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 TechnologyRp1.30k73.6%
+Rp25.8t		0.9%PE201.3x
INET Sinergi Inti Andalan PrimaRp238.009.2%
+Rp447.5b		-19.0%PE145.4x
AREA Dunia Virtual OnlineRp296.0021.3%
+Rp132.1b		-27.1%PE86.7x
MSTI Mastersystem InfotamaRp1.36k3.0%
+Rp125.6b		-10.5%PE7.9x
WIRG WIR ASIARp59.0013.5%
+Rp83.6b		-48.2%PE9.2x

Latest News

MLPT
Rp1,300.00
Multipolar Technology
7D
73.6%
1Y
0.9%
AREA
Rp296.00
Dunia Virtual Online
7D
21.3%
1Y
-27.1%
ATIC
Rp474.00
Anabatic Technologies
7D
2.2%
1Y
24.1%
CYBR
Rp570.00
ITSEC Asia
7D
-3.4%
1Y
24.6%
WGSH
Rp131.00
Wira Global Solusi
7D
-7.1%
1Y
54.1%
ELIT
Rp178.00
Data Sinergitama Jaya
7D
4.7%
1Y
-4.3%
MSTI
Rp1,360.00
Mastersystem Infotama
7D
3.0%
1Y
-10.5%
WIRG
Rp59.00
WIR ASIA
7D
13.5%
1Y
-48.2%
INET
Rp238.00
Sinergi Inti Andalan Prima
7D
9.2%
1Y
-19.0%
KREN
Rp13.00
Quantum Clovera Investama
7D
8.3%
1Y
44.4%
DCII
Rp191,000.00
DCI Indonesia
7D
-3.9%
1Y
-33.9%