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Indonesian (IDX) IT Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies12
  • 7D0.9%
  • 3M-20.5%
  • 1Y19.4%
  • YTD-21.1%

Over the last 7 days, the IT industry has dropped 2.9%, driven by pullbacks in Wira Global Solusi and Mastersystem Infotama of 7.7% and 0.4%, respectively. In contrast, Multipolar Technology has gained 11%. This takes the industry's 12 month performance to a gain of 20%. 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
Fri, 10 Apr 2026Rp543.7tRp29.8tRp2.3t80.1x237.4x18.2x
Sun, 08 Mar 2026Rp567.8tRp30.0tRp2.3t70.4x245.7x18.9x
Tue, 03 Feb 2026Rp575.0tRp30.3tRp2.5t76.4x233.7x19x
Thu, 01 Jan 2026Rp631.4tRp30.3tRp2.5t66.3x256.7x20.9x
Sat, 29 Nov 2025Rp742.3tRp30.3tRp2.4t66.7x303x24.5x
Mon, 27 Oct 2025Rp841.3tRp29.8tRp2.5t61.2x337.6x28.2x
Wed, 24 Sep 2025Rp1037.0tRp29.6tRp2.4t57.5x426x35x
Fri, 22 Aug 2025Rp986.8tRp29.6tRp2.4t59.6x405.4x33.3x
Sun, 20 Jul 2025Rp671.4tRp30.5tRp2.5t47x266.3x22x
Tue, 17 Jun 2025Rp451.5tRp30.5tRp2.5t43.3x179.2x14.8x
Thu, 15 May 2025Rp463.3tRp31.5tRp2.5t40.6x184.3x14.7x
Sat, 12 Apr 2025Rp453.9tRp32.5tRp2.1t41.1x211.4x14x
Mon, 10 Mar 2025Rp467.2tRp33.1tRp2.1t40.3x222.4x14.1x
Wed, 05 Feb 2025Rp178.4tRp32.7tRp2.1t29.8x84.6x5.4x
Fri, 03 Jan 2025Rp154.9tRp32.7tRp2.1t29x72.8x4.7x
Sun, 01 Dec 2024Rp168.1tRp33.2tRp2.1t29.6x80.8x5.1x
Tue, 29 Oct 2024Rp153.9tRp33.6tRp2.0t29.8x75.8x4.6x
Thu, 26 Sep 2024Rp155.0tRp33.1tRp2.0t25.9x79.4x4.7x
Sat, 24 Aug 2024Rp120.4tRp33.1tRp2.0t17.4x61.6x3.6x
Mon, 22 Jul 2024Rp114.5tRp34.3tRp1.8t13.4x63.4x3.3x
Wed, 19 Jun 2024Rp104.4tRp34.3tRp1.8t14.3x57.8x3x
Fri, 17 May 2024Rp102.1tRp34.6tRp1.5t13.1x66.5x3x
Sun, 14 Apr 2024Rp95.4tRp24.1tRp1.1t16.8x85x4x
Tue, 12 Mar 2024Rp94.2tRp23.3tRp1.2t19.2x80.7x4x
Thu, 08 Feb 2024Rp108.8tRp24.2tRp1.4t19.9x76.6x4.5x
Sat, 06 Jan 2024Rp124.2tRp24.2tRp1.4t30x87.5x5.1x
Mon, 04 Dec 2023Rp119.3tRp24.0tRp1.4t32.5x84.1x5x
Wed, 01 Nov 2023Rp97.5tRp20.6tRp991.0b32.4x98.4x4.7x
Fri, 29 Sep 2023Rp97.6tRp20.6tRp991.0b36.8x98.4x4.7x
Sun, 27 Aug 2023Rp98.0tRp28.9tRp1.0t39.9x97.3x3.4x
Tue, 25 Jul 2023Rp100.0tRp28.4tRp1.1t38.3x91.8x3.5x
Thu, 22 Jun 2023Rp104.1tRp28.4tRp1.1t33.7x95.6x3.7x
Sat, 20 May 2023Rp104.2tRp28.4tRp1.1t35.8x95.5x3.7x
Mon, 17 Apr 2023Rp105.4tRp19.5tRp1.1t42.2x99.3x5.4x
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 153.5x202420252026
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 238x which is higher than its 3-year average PE of 153x.
  • The 3-year average PS ratio of 10.8x is lower than the industry's current PS ratio of 18.3x.
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 Market5.12%
Tech0.93%
IT0.91%
IT Consulting8.39%
Internet Services and Infrastructure0.12%
Data Processing Services0%0
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 are expecting annual earnings growth of 27.8%, which is lower than the prior year's growth of 32.2% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 51.7x.
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 TechnologyRp15.10k10.8%
+Rp2.8t		-56.5%PE84.1x
CYBR ITSEC AsiaRp1.52k17.4%
+Rp1.5t		109.0%PE156.8x
INET Sinergi Inti Andalan PrimaRp278.008.6%
+Rp492.2b		162.3%PE254x
AREA Dunia Virtual OnlineRp334.0012.8%
+Rp96.5b		-16.5%PE85.1x
WIRG WIR ASIARp82.003.8%
+Rp35.8b		2.5%PE13.4x

Latest News

WGSH
Rp108.00
Wira Global Solusi
7D
-7.7%
1Y
11.3%
MSTI
Rp1,395.00
Mastersystem Infotama
7D
-0.4%
1Y
1.8%
CYBR
Rp1,515.00
ITSEC Asia
7D
17.4%
1Y
109.0%
MLPT
Rp15,100.00
Multipolar Technology
7D
10.8%
1Y
-56.5%
WIRG
Rp82.00
WIR ASIA
7D
3.8%
1Y
2.5%
AREA
Rp334.00
Dunia Virtual Online
7D
12.8%
1Y
-16.5%
ATIC
Rp530.00
Anabatic Technologies
7D
1.0%
1Y
25.6%
INET
Rp278.00
Sinergi Inti Andalan Prima
7D
8.6%
1Y
162.3%
ELIT
Rp208.00
Data Sinergitama Jaya
7D
3.0%
1Y
19.5%
KREN
Rp16.00
Quantum Clovera Investama
7D
6.7%
1Y
77.8%