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Indonesian (IDX) IT Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies12
  • 7D-6.0%
  • 3M-24.9%
  • 1Y21.0%
  • YTD-17.6%

Over the last 7 days, the IT industry has dropped 6.0%, driven by a pullback from DCI Indonesia of 5.0%. This takes the industry's 12 month performance to a gain of 21%. 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
Mon, 09 Mar 2026Rp567.8tRp30.0tRp2.3t70.4x245.7x18.9x
Wed, 04 Feb 2026Rp632.9tRp30.3tRp2.5t74.6x257.3x20.9x
Fri, 02 Jan 2026Rp631.4tRp30.3tRp2.5t66.3x256.7x20.9x
Sun, 30 Nov 2025Rp738.1tRp30.3tRp2.5t66.7x300x24.4x
Tue, 28 Oct 2025Rp821.0tRp29.8tRp2.5t61.1x329.4x27.5x
Thu, 25 Sep 2025Rp1036.4tRp29.6tRp2.4t56.7x425.7x35x
Sat, 23 Aug 2025Rp987.0tRp29.6tRp2.4t59.5x405.4x33.3x
Mon, 21 Jul 2025Rp671.4tRp30.5tRp2.5t47x266.3x22x
Wed, 18 Jun 2025Rp457.4tRp30.5tRp2.5t39.9x181.5x15x
Fri, 16 May 2025Rp461.1tRp31.5tRp2.5t40.6x183.5x14.6x
Sun, 13 Apr 2025Rp448.9tRp32.5tRp2.1t41.1x209.1x13.8x
Tue, 11 Mar 2025Rp511.5tRp33.1tRp2.1t39.6x243.4x15.4x
Thu, 06 Feb 2025Rp186.1tRp32.7tRp2.1t29.8x88.3x5.7x
Sat, 04 Jan 2025Rp154.2tRp32.7tRp2.1t28.7x72.4x4.7x
Mon, 02 Dec 2024Rp168.1tRp33.2tRp2.1t29.6x80.8x5.1x
Wed, 30 Oct 2024Rp154.0tRp33.6tRp2.0t30.7x76.4x4.6x
Fri, 27 Sep 2024Rp155.0tRp33.1tRp2.0t26.8x79.4x4.7x
Sun, 25 Aug 2024Rp119.1tRp33.1tRp2.0t17.4x60.9x3.6x
Tue, 23 Jul 2024Rp114.5tRp34.3tRp1.8t13.1x63.4x3.3x
Thu, 20 Jun 2024Rp103.9tRp34.3tRp1.8t14x57.5x3x
Sat, 18 May 2024Rp102.0tRp34.6tRp1.5t13.3x66.4x3x
Mon, 15 Apr 2024Rp95.4tRp24.1tRp1.1t16.8x85.1x4x
Wed, 13 Mar 2024Rp94.2tRp23.3tRp1.2t19.2x80.7x4x
Fri, 09 Feb 2024Rp108.7tRp24.2tRp1.4t19.9x76.6x4.5x
Sun, 07 Jan 2024Rp123.5tRp24.2tRp1.4t30x86.9x5.1x
Tue, 05 Dec 2023Rp119.4tRp24.0tRp1.4t30.5x84.1x5x
Thu, 02 Nov 2023Rp96.9tRp20.6tRp991.0b30.9x97.8x4.7x
Sat, 30 Sep 2023Rp97.6tRp20.6tRp991.0b36.9x98.5x4.7x
Mon, 28 Aug 2023Rp98.0tRp28.9tRp1.0t39.9x97.3x3.4x
Wed, 26 Jul 2023Rp100.3tRp28.4tRp1.1t39.1x92x3.5x
Fri, 23 Jun 2023Rp104.0tRp28.4tRp1.1t34.4x95.5x3.7x
Sun, 21 May 2023Rp104.2tRp28.4tRp1.1t35.8x95.5x3.7x
Tue, 18 Apr 2023Rp105.4tRp19.5tRp1.1t42.2x99.3x5.4x
Thu, 16 Mar 2023Rp110.7tRp30.3tRp973.6b61.9x113.7x3.6x
Price to Earnings Ratio

113.7x


Total Market Cap: Rp110.7tTotal Earnings: Rp973.6bTotal Revenue: Rp30.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian IT Industry Price to Earnings3Y Average 149.7x202420252026
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 246x which is higher than its 3-year average PE of 150x.
  • The 3-year average PS ratio of 10.4x is lower than the industry's current PS ratio of 18.9x.
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-7.91%
Tech-5.96%
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 296x.
    • 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, which is trading close to its 3-year average of 51.2x.
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 InfotamaRp1.35k2.3%
+Rp94.2b
-6.6%PE8x

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