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Indonesian (IDX) IT Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies12
  • 7D-2.1%
  • 3M-19.0%
  • 1Y58.6%
  • YTD-11.8%

Over the last 7 days, the IT industry has dropped 1.1%, driven by a pullback from Multipolar Technology of 20%. In the past year, the industry has gained 59%. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026Rp598.8tRp30.1tRp2.5t70.4x241.3x19.9x
Mon, 26 Jan 2026Rp673.9tRp30.3tRp2.5t67.6x273.9x22.3x
Wed, 24 Dec 2025Rp709.2tRp30.3tRp2.5t66.7x288.3x23.4x
Fri, 21 Nov 2025Rp796.3tRp30.3tRp2.4t63.8x325.1x26.3x
Sun, 19 Oct 2025Rp894.9tRp29.6tRp2.4t60.7x367.6x30.2x
Tue, 16 Sep 2025Rp921.1tRp29.6tRp2.4t57.7x378.4x31.1x
Thu, 14 Aug 2025Rp882.2tRp29.6tRp2.4t58.6x362.4x29.8x
Sat, 12 Jul 2025Rp442.2tRp30.5tRp2.5t43.7x175.4x14.5x
Mon, 09 Jun 2025Rp442.5tRp30.5tRp2.5t45x175.6x14.5x
Wed, 07 May 2025Rp458.9tRp32.5tRp2.5t41.3x183.4x14.1x
Fri, 04 Apr 2025Rp498.4tRp32.5tRp2.1t41.6x232.3x15.3x
Sun, 02 Mar 2025Rp377.3tRp32.7tRp2.1t44.5x179x11.5x
Tue, 28 Jan 2025Rp158.5tRp32.7tRp2.1t29.4x75.2x4.8x
Thu, 26 Dec 2024Rp153.9tRp32.7tRp2.1t28.7x72.4x4.7x
Sat, 23 Nov 2024Rp172.3tRp34.3tRp2.1t29.4x83.1x5x
Mon, 21 Oct 2024Rp156.4tRp33.5tRp2.0t31x77.9x4.7x
Wed, 18 Sep 2024Rp168.5tRp33.1tRp2.0t23.9x86.3x5.1x
Fri, 16 Aug 2024Rp121.1tRp33.1tRp2.0t16.3x62x3.7x
Sun, 14 Jul 2024Rp111.2tRp34.3tRp1.8t12.9x61.6x3.2x
Tue, 11 Jun 2024Rp97.5tRp33.4tRp1.5t13.9x63.3x2.9x
Thu, 09 May 2024Rp97.2tRp34.3tRp1.5t12.9x65.5x2.8x
Sat, 06 Apr 2024Rp95.5tRp24.1tRp1.1t16.8x85.1x4x
Mon, 04 Mar 2024Rp94.9tRp23.3tRp1.2t19.2x81.3x4.1x
Wed, 31 Jan 2024Rp111.6tRp24.2tRp1.4t24.5x78.5x4.6x
Fri, 29 Dec 2023Rp125.1tRp24.3tRp1.4t28.8x88.8x5.2x
Sun, 26 Nov 2023Rp157.7tRp24.0tRp1.4t28.1x111.2x6.6x
Tue, 24 Oct 2023Rp98.2tRp20.6tRp991.0b31.7x99x4.8x
Thu, 21 Sep 2023Rp95.9tRp20.6tRp991.0b37.3x96.7x4.6x
Sat, 19 Aug 2023Rp98.2tRp28.9tRp1.0t45.2x98.1x3.4x
Mon, 17 Jul 2023Rp100.1tRp28.4tRp1.1t39.7x92x3.5x
Wed, 14 Jun 2023Rp102.3tRp28.4tRp1.1t35.6x94x3.6x
Fri, 12 May 2023Rp100.9tRp27.2tRp1.2t37x85.9x3.7x
Sun, 09 Apr 2023Rp105.1tRp17.8tRp996.1b47.4x105.6x5.9x
Tue, 07 Mar 2023Rp112.7tRp30.5tRp852.2b61.5x132.3x3.7x
Price to Earnings Ratio

132.3x


Total Market Cap: Rp112.7tTotal Earnings: Rp852.2bTotal Revenue: Rp30.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian IT Industry Price to Earnings3Y Average 148.8x202420252026
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 243x which is higher than its 3-year average PE of 149x.
  • The 3-year average PS ratio of 10.3x is lower than the industry's current PS ratio of 19.8x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 42% 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-0.88%
Tech-2.08%
IT-2.13%
Internet Services and Infrastructure0.01%
Data Processing Services0%0
IT Consulting-14.04%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 294x.
    • 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, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 50.9x.
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
DCII DCI IndonesiaRp215.78k0.08%
+Rp417.2b		85.8%PE438.9x
WIRG WIR ASIARp96.009.1%
+Rp95.5b		-20.0%PE12.8x
CYBR ITSEC AsiaRp1.50k0.3%
+Rp33.2b		130.8%PE183.6x

Latest News

MLPT
Rp28,075.00
Multipolar Technology
7D
-19.8%
1Y
-29.8%
WIRG
Rp96.00
WIR ASIA
7D
9.1%
1Y
-20.0%
CYBR
Rp1,500.00
ITSEC Asia
7D
0.3%
1Y
130.8%
DCII
Rp215,775.00
DCI Indonesia
7D
0.08%
1Y
85.8%
ELIT
Rp238.00
Data Sinergitama Jaya
7D
-9.8%
1Y
3.5%
ATIC
Rp600.00
Anabatic Technologies
7D
-4.8%
1Y
1.7%
MSTI
Rp1,340.00
Mastersystem Infotama
7D
-1.5%
1Y
-2.9%
INET
Rp378.00
Sinergi Inti Andalan Prima
7D
-8.3%
1Y
142.3%
AREA
Rp384.00
Dunia Virtual Online
7D
-5.9%
1Y
-12.7%