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Indonesian (IDX) IT Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies12
  • 7D-7.2%
  • 3M-25.7%
  • 1Y27.9%
  • YTD-18.8%

Over the last 7 days, the IT industry has dropped 9.7%, driven by a pullback from DCI Indonesia of 6.8%. In the past year, the industry has gained 36%. 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
Fri, 06 Mar 2026Rp559.9tRp30.0tRp2.3t70.4x242.3x18.6x
Sun, 01 Feb 2026Rp595.3tRp30.3tRp2.5t67.9x242x19.7x
Tue, 30 Dec 2025Rp656.8tRp30.3tRp2.5t67.6x267x21.7x
Thu, 27 Nov 2025Rp792.2tRp30.3tRp2.4t69.2x323.4x26.2x
Sat, 25 Oct 2025Rp841.3tRp29.8tRp2.5t61.2x337.6x28.2x
Mon, 22 Sep 2025Rp1035.0tRp29.6tRp2.4t57.2x425.2x35x
Wed, 20 Aug 2025Rp977.6tRp29.6tRp2.4t58.7x401.6x33x
Fri, 18 Jul 2025Rp619.2tRp30.5tRp2.5t52.4x245.6x20.3x
Sun, 15 Jun 2025Rp450.8tRp30.5tRp2.5t43x178.9x14.8x
Tue, 13 May 2025Rp463.3tRp31.5tRp2.5t40.3x184.3x14.7x
Thu, 10 Apr 2025Rp451.1tRp32.5tRp2.1t40.4x210.1x13.9x
Sat, 08 Mar 2025Rp467.4tRp33.1tRp2.1t40.3x222.4x14.1x
Mon, 03 Feb 2025Rp164.5tRp32.7tRp2.1t29.2x78.1x5x
Wed, 01 Jan 2025Rp153.6tRp32.7tRp2.1t28.4x72.2x4.7x
Fri, 29 Nov 2024Rp171.0tRp33.2tRp2.1t29.3x82.2x5.1x
Sun, 27 Oct 2024Rp153.9tRp33.6tRp2.0t30.2x75.8x4.6x
Tue, 24 Sep 2024Rp157.7tRp33.1tRp2.0t23.9x80.7x4.8x
Thu, 22 Aug 2024Rp121.6tRp33.1tRp2.0t17.1x62.2x3.7x
Sat, 20 Jul 2024Rp114.5tRp34.3tRp1.8t13.4x63.4x3.3x
Mon, 17 Jun 2024Rp96.3tRp33.4tRp1.5t12.7x62.5x2.9x
Wed, 15 May 2024Rp102.1tRp34.6tRp1.5t12.9x66.5x3x
Fri, 12 Apr 2024Rp95.4tRp24.1tRp1.1t16.8x85x4x
Sun, 10 Mar 2024Rp94.2tRp23.3tRp1.2t19.2x80.7x4x
Tue, 06 Feb 2024Rp114.8tRp24.2tRp1.4t21.8x80.8x4.7x
Thu, 04 Jan 2024Rp124.2tRp24.3tRp1.4t30x88.2x5.1x
Sat, 02 Dec 2023Rp125.8tRp24.0tRp1.4t32.5x88.7x5.3x
Mon, 30 Oct 2023Rp97.6tRp20.6tRp991.0b33.4x98.5x4.7x
Wed, 27 Sep 2023Rp97.5tRp20.6tRp991.0b36.3x98.4x4.7x
Fri, 25 Aug 2023Rp98.0tRp28.9tRp1.0t36.5x97.2x3.4x
Sun, 23 Jul 2023Rp99.3tRp28.4tRp1.1t38.6x91.2x3.5x
Tue, 20 Jun 2023Rp105.0tRp28.4tRp1.1t34.2x96.5x3.7x
Thu, 18 May 2023Rp100.3tRp27.9tRp1.1t35.8x89.4x3.6x
Sat, 15 Apr 2023Rp105.4tRp17.8tRp1.0t43x103.3x5.9x
Mon, 13 Mar 2023Rp112.4tRp30.3tRp973.6b60.5x115.5x3.7x
Price to Earnings Ratio

115.5x


Total Market Cap: Rp112.4tTotal Earnings: Rp973.6bTotal Revenue: Rp30.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian IT Industry Price to Earnings3Y Average 149.4x202420252026
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 221x 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 18.2x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 37% 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-6.94%
Tech-7.23%
IT-7.22%
Data Processing Services0%0
Internet Services and Infrastructure-7.02%
IT Consulting-8.58%
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 lower than the prior year's growth of 97.5% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading close to 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.
  • However this is lower than its past earnings growth rate of 98% per year.
  • 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 InfotamaRp1.33k0.8%
+Rp31.4b
-8.9%PE7.9x

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