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Indonesian (IDX) IT Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies12
  • 7D-15.0%
  • 3M-28.2%
  • 1Y222.1%
  • YTD-15.3%

Over the last 7 days, the IT industry has dropped 15%, driven by pullbacks in DCI Indonesia and Multipolar Technology of 10% and 39%, respectively. Meanwhile, Indointernet actually outperformed within the industry, gaining 11% in the last week. In the past year, the industry has gained 222%. 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
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
Wed, 15 Mar 2023Rp111.5tRp30.3tRp973.6b60.3x114.5x3.7x
Fri, 10 Feb 2023Rp113.2tRp30.5tRp852.2b59.4x132.9x3.7x
Price to Earnings Ratio

132.9x


Total Market Cap: Rp113.2tTotal Earnings: Rp852.2bTotal Revenue: Rp30.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian IT Industry Price to Earnings3Y Average 146.1x202420252026
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 234x which is higher than its 3-year average PE of 146x.
  • The 3-year average PS ratio of 9.9x is lower than the industry's current PS ratio of 19.0x.
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-12.73%
Tech-14.99%
IT-15.03%
Data Processing Services0%0
Internet Services and Infrastructure-10.51%
IT Consulting-31.21%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 290x.
    • 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 50.0x.
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
EDGE IndointernetRp5.20k10.9%
+Rp1.0t		40.2%PE76.4x

Latest News

ATIC
Rp560.00
Anabatic Technologies
7D
-18.2%
1Y
41.4%
CYBR
Rp1,640.00
ITSEC Asia
7D
-4.7%
1Y
224.8%
MSTI
Rp1,340.00
Mastersystem Infotama
7D
-5.0%
1Y
-7.9%
WIRG
Rp78.00
WIR ASIA
7D
-19.6%
1Y
-28.4%
INET
Rp320.00
Sinergi Inti Andalan Prima
7D
-27.6%
1Y
190.9%
EDGE
Rp5,200.00
Indointernet
7D
10.9%
1Y
40.2%
AREA
Rp398.00
Dunia Virtual Online
7D
-19.8%
1Y
99.0%
MLPT
Rp38,650.00
Multipolar Technology
7D
-38.6%
1Y
77.3%
DCII
Rp197,000.00
DCI Indonesia
7D
-10.4%
1Y
298.0%