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Indonesian (IDX) IT Industry Analysis

UpdatedApr 13, 2026
DataAggregated Company Financials
Companies12
  • 7D2.0%
  • 3M-19.0%
  • 1Y22.0%
  • YTD-20.3%

The IT industry is up 2.0% in the last week, with Multipolar Technology up 33%. During this same period, the Wira Global Solusi underperformed, falling 6.0%. In the last 12 months, the industry was up 22%. 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
Mon, 13 Apr 2026Rp549.5tRp29.8tRp2.3t80.1x239.9x18.4x
Wed, 11 Mar 2026Rp562.5tRp30.0tRp2.3t70.4x243.4x18.7x
Fri, 06 Feb 2026Rp627.9tRp30.3tRp2.5t73.5x255.2x20.7x
Sun, 04 Jan 2026Rp679.0tRp30.3tRp2.5t65.2x276x22.4x
Tue, 02 Dec 2025Rp735.3tRp30.3tRp2.5t67.3x298.9x24.3x
Thu, 30 Oct 2025Rp812.4tRp30.0tRp2.6t59.6x315.8x27.1x
Sat, 27 Sep 2025Rp1013.0tRp29.6tRp2.4t59x416.1x34.2x
Mon, 25 Aug 2025Rp981.3tRp29.6tRp2.4t59.5x403.1x33.2x
Wed, 23 Jul 2025Rp776.3tRp30.5tRp2.5t46.7x307.2x25.4x
Fri, 20 Jun 2025Rp447.4tRp30.5tRp2.5t42.8x177.5x14.7x
Sun, 18 May 2025Rp460.0tRp31.5tRp2.5t40.8x183x14.6x
Tue, 15 Apr 2025Rp449.7tRp32.6tRp2.2t46.4x205.2x13.8x
Thu, 13 Mar 2025Rp591.4tRp33.1tRp2.1t41x281.5x17.9x
Sat, 08 Feb 2025Rp184.3tRp32.7tRp2.1t29.9x87.4x5.6x
Mon, 06 Jan 2025Rp154.1tRp32.8tRp2.1t28.7x73x4.7x
Wed, 04 Dec 2024Rp168.0tRp33.2tRp2.1t29.6x80.7x5.1x
Fri, 01 Nov 2024Rp145.2tRp34.3tRp2.1t30.7x70.1x4.2x
Sun, 29 Sep 2024Rp155.8tRp33.1tRp2.0t27.8x79.7x4.7x
Tue, 27 Aug 2024Rp119.1tRp33.1tRp2.0t17.8x61x3.6x
Thu, 25 Jul 2024Rp122.8tRp34.3tRp1.8t13.1x68x3.6x
Sat, 22 Jun 2024Rp104.3tRp34.3tRp1.8t14.2x57.7x3x
Mon, 20 May 2024Rp102.1tRp34.6tRp1.5t13.3x67.2x3x
Wed, 17 Apr 2024Rp95.4tRp24.3tRp1.1t14.9x84.1x3.9x
Fri, 15 Mar 2024Rp94.2tRp23.3tRp1.2t18.6x80.7x4x
Sun, 11 Feb 2024Rp108.7tRp24.2tRp1.4t19.9x76.6x4.5x
Tue, 09 Jan 2024Rp122.5tRp24.2tRp1.4t29.4x86.2x5.1x
Thu, 07 Dec 2023Rp135.1tRp24.2tRp1.4t30.3x97.4x5.6x
Sat, 04 Nov 2023Rp96.6tRp20.4tRp995.3b29.2x97.1x4.7x
Mon, 02 Oct 2023Rp97.8tRp20.6tRp991.0b36.9x98.7x4.7x
Wed, 30 Aug 2023Rp97.7tRp28.9tRp1.0t39x97x3.4x
Fri, 28 Jul 2023Rp98.3tRp28.5tRp1.1t42x86.9x3.4x
Sun, 25 Jun 2023Rp103.9tRp28.4tRp1.1t34.3x95.5x3.7x
Tue, 23 May 2023Rp104.2tRp28.4tRp1.1t34.6x95.5x3.7x
Thu, 20 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 153.8x202420252026
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 Market7.51%
Tech2.00%
IT1.98%
IT Consulting19.37%
Internet Services and Infrastructure0.15%
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 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 TechnologyRp18.10k32.8%
+Rp8.4t		-48.3%PE100.9x
CYBR ITSEC AsiaRp1.50k15.9%
+Rp1.4t		96.7%PE154.7x
INET Sinergi Inti Andalan PrimaRp284.0010.9%
+Rp626.5b		155.9%PE259.5x
AREA Dunia Virtual OnlineRp338.0014.2%
+Rp106.7b		-15.9%PE86.2x
WIRG WIR ASIARp84.006.3%
+Rp59.7b		2.4%PE13.7x

Latest News

MLPT
Rp18,100.00
Multipolar Technology
7D
32.8%
1Y
-48.3%
WGSH
Rp110.00
Wira Global Solusi
7D
-6.0%
1Y
11.7%
MSTI
Rp1,415.00
Mastersystem Infotama
7D
1.1%
1Y
2.5%
CYBR
Rp1,495.00
ITSEC Asia
7D
15.9%
1Y
96.7%
WIRG
Rp84.00
WIR ASIA
7D
6.3%
1Y
2.4%
AREA
Rp338.00
Dunia Virtual Online
7D
14.2%
1Y
-15.9%
ATIC
Rp540.00
Anabatic Technologies
7D
2.9%
1Y
25.0%
INET
Rp284.00
Sinergi Inti Andalan Prima
7D
10.9%
1Y
155.9%
ELIT
Rp218.00
Data Sinergitama Jaya
7D
7.9%
1Y
22.5%