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Indonesian (IDX) IT Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies12
  • 7D1.4%
  • 3M-17.0%
  • 1Y21.2%
  • YTD-20.6%

In the last week, the IT industry is up 2.0%, with Multipolar Technology up 42%. In the last 12 months, the industry was up 22%. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026Rp547.4tRp29.8tRp2.3t80.1x239x18.4x
Fri, 13 Mar 2026Rp588.8tRp30.0tRp2.3t70.4x254.8x19.6x
Sun, 08 Feb 2026Rp620.3tRp30.3tRp2.5t71.8x252.1x20.5x
Tue, 06 Jan 2026Rp687.9tRp30.3tRp2.5t66.7x279.6x22.7x
Thu, 04 Dec 2025Rp777.1tRp30.3tRp2.5t68.5x315.9x25.7x
Sat, 01 Nov 2025Rp799.8tRp29.6tRp2.5t60x315.1x27x
Mon, 29 Sep 2025Rp1014.6tRp29.6tRp2.4t59x416.8x34.3x
Wed, 27 Aug 2025Rp936.1tRp29.6tRp2.4t57.7x384.6x31.6x
Fri, 25 Jul 2025Rp914.0tRp30.5tRp2.5t47.1x361.7x29.9x
Sun, 22 Jun 2025Rp447.3tRp30.5tRp2.5t42.5x177.5x14.7x
Tue, 20 May 2025Rp457.4tRp31.5tRp2.5t41.6x182x14.5x
Thu, 17 Apr 2025Rp450.9tRp32.6tRp2.2t46.2x205.7x13.8x
Sat, 15 Mar 2025Rp534.2tRp33.5tRp2.3t42.6x231.8x16x
Mon, 10 Feb 2025Rp184.3tRp32.7tRp2.1t29.9x87.4x5.6x
Wed, 08 Jan 2025Rp159.7tRp32.8tRp2.1t28.5x75.7x4.9x
Fri, 06 Dec 2024Rp166.0tRp32.7tRp2.1t29.6x78.1x5.1x
Sun, 03 Nov 2024Rp157.1tRp34.3tRp2.1t30.9x75.8x4.6x
Tue, 01 Oct 2024Rp155.4tRp33.1tRp2.0t29.5x79.5x4.7x
Thu, 29 Aug 2024Rp116.9tRp33.1tRp2.0t18.2x59.8x3.5x
Sat, 27 Jul 2024Rp119.8tRp34.4tRp1.8t13.2x66.2x3.5x
Mon, 24 Jun 2024Rp104.3tRp34.3tRp1.8t14.2x57.8x3x
Wed, 22 May 2024Rp101.9tRp34.6tRp1.5t13.1x67x2.9x
Fri, 19 Apr 2024Rp95.6tRp24.3tRp1.1t14.9x84.4x3.9x
Sun, 17 Mar 2024Rp98.5tRp23.3tRp1.2t20.1x84.4x4.2x
Tue, 13 Feb 2024Rp107.9tRp24.2tRp1.4t19.4x76x4.5x
Thu, 11 Jan 2024Rp119.2tRp24.2tRp1.4t30.6x83.9x4.9x
Sat, 09 Dec 2023Rp131.2tRp24.3tRp1.4t30.3x93.6x5.4x
Mon, 06 Nov 2023Rp96.6tRp20.4tRp1.0t29.2x96.4x4.7x
Wed, 04 Oct 2023Rp97.9tRp20.6tRp991.0b36.2x98.7x4.7x
Fri, 01 Sep 2023Rp97.0tRp28.9tRp1.0t44x96.3x3.4x
Sun, 30 Jul 2023Rp99.7tRp28.6tRp1.1t42x87.9x3.5x
Tue, 27 Jun 2023Rp103.9tRp28.4tRp1.1t33.4x95.5x3.7x
Thu, 25 May 2023Rp98.1tRp28.4tRp1.1t35.7x89.9x3.5x
Sat, 22 Apr 2023Rp105.4tRp19.5tRp1.1t41x99.3x5.4x
Price to Earnings Ratio

99.3x


Total Market Cap: Rp105.4tTotal Earnings: Rp1.1tTotal Revenue: Rp19.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian IT Industry Price to Earnings3Y Average 154.1x202420252026
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 240x which is higher than its 3-year average PE of 154x.
  • The 3-year average PS ratio of 10.8x is lower than the industry's current PS ratio of 18.4x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 29% per year over the last three years.
  • Revenues for these companies have grown 15% 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 industry?

ID Market12.22%
Tech1.52%
IT1.37%
IT Consulting23.39%
Data Processing Services0%0
Internet Services and Infrastructure-0.99%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 303x.
    • Analysts expect its future annual earnings growth (27.8%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to its 3-year average of 51.8x.
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 roughly in line with its past earnings growth rate.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 9.2% 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 TechnologyRp20.25k42.1%
+Rp11.3t		-42.1%PE112.8x
INET Sinergi Inti Andalan PrimaRp338.0031.0%
+Rp1.8t		199.1%PE308.8x
CYBR ITSEC AsiaRp1.40k10.2%
+Rp867.9b		71.8%PE145.5x
AREA Dunia Virtual OnlineRp338.0014.2%
+Rp106.7b		-24.9%PE86.2x
WIRG WIR ASIARp83.005.1%
+Rp47.8b		-3.5%PE13.5x

Latest News

INET
Rp338.00
Sinergi Inti Andalan Prima
7D
31.0%
1Y
199.1%
MLPT
Rp20,250.00
Multipolar Technology
7D
42.1%
1Y
-42.1%
WGSH
Rp118.00
Wira Global Solusi
7D
12.4%
1Y
21.6%
MSTI
Rp1,415.00
Mastersystem Infotama
7D
-0.4%
1Y
-0.4%
CYBR
Rp1,400.00
ITSEC Asia
7D
10.2%
1Y
71.8%
WIRG
Rp83.00
WIR ASIA
7D
5.1%
1Y
-3.5%
AREA
Rp338.00
Dunia Virtual Online
7D
14.2%
1Y
-24.9%
ATIC
Rp530.00
Anabatic Technologies
7D
2.9%
1Y
27.4%
ELIT
Rp220.00
Data Sinergitama Jaya
7D
8.9%
1Y
22.2%
DCII
Rp199,000.00
DCI Indonesia
7D
-1.4%
1Y
31.1%