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Indonesian (IDX) IT Industry Analysis

UpdatedDec 21, 2025
DataAggregated Company Financials
Companies12
  • 7D-2.1%
  • 3M-29.4%
  • 1Y380.0%
  • YTD367.7%

Over the last 7 days, the IT industry has dropped 2.1%, driven by Multipolar Technology declining 11%. In the past year, the industry has gained 380%. Looking forward, earnings are forecast to grow by 32% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Dec 2025Rp730.5tRp30.3tRp2.5t67.1x296.9x24.1x
Tue, 18 Nov 2025Rp802.4tRp30.3tRp2.4t65.5x327.6x26.5x
Thu, 16 Oct 2025Rp990.7tRp29.6tRp2.4t61.1x407x33.5x
Sat, 13 Sep 2025Rp881.5tRp29.6tRp2.4t57.5x362.1x29.8x
Mon, 11 Aug 2025Rp776.6tRp29.6tRp2.4t57.1x319x26.2x
Wed, 09 Jul 2025Rp442.3tRp30.5tRp2.5t40.1x175.4x14.5x
Fri, 06 Jun 2025Rp442.5tRp30.5tRp2.5t45x175.6x14.5x
Sun, 04 May 2025Rp482.9tRp33.1tRp2.5t39.9x191.9x14.6x
Tue, 01 Apr 2025Rp498.4tRp32.4tRp2.2t47.5x227.9x15.4x
Thu, 27 Feb 2025Rp384.0tRp32.7tRp2.1t50.3x182.2x11.7x
Sat, 25 Jan 2025Rp158.6tRp32.7tRp2.1t29.4x75.2x4.8x
Mon, 23 Dec 2024Rp152.0tRp32.7tRp2.1t28.6x71.6x4.6x
Wed, 20 Nov 2024Rp176.1tRp34.3tRp2.1t28.8x85x5.1x
Fri, 18 Oct 2024Rp152.4tRp33.5tRp2.0t31.1x75.9x4.5x
Sun, 15 Sep 2024Rp168.0tRp33.1tRp2.0t23.9x86x5.1x
Tue, 13 Aug 2024Rp120.7tRp33.1tRp2.0t16x61.8x3.6x
Thu, 11 Jul 2024Rp111.0tRp34.3tRp1.8t13x61.5x3.2x
Sat, 08 Jun 2024Rp97.8tRp33.4tRp1.5t14.2x63.5x2.9x
Mon, 06 May 2024Rp98.7tRp34.3tRp1.5t13.1x66.6x2.9x
Wed, 03 Apr 2024Rp96.8tRp24.1tRp1.3t17.2x77.3x4x
Fri, 01 Mar 2024Rp95.0tRp23.3tRp1.2t19.2x81.4x4.1x
Sun, 28 Jan 2024Rp113.0tRp24.2tRp1.4t25.1x79.5x4.7x
Tue, 26 Dec 2023Rp127.6tRp24.3tRp1.4t27.6x90.6x5.3x
Thu, 23 Nov 2023Rp103.6tRp24.0tRp1.4t28.8x73x4.3x
Sat, 21 Oct 2023Rp98.2tRp20.6tRp991.0b33.1x99.1x4.8x
Mon, 18 Sep 2023Rp95.2tRp20.6tRp991.0b37.1x96x4.6x
Wed, 16 Aug 2023Rp98.3tRp28.6tRp999.6b48.9x98.3x3.4x
Fri, 14 Jul 2023Rp100.2tRp28.4tRp1.1t40x92x3.5x
Sun, 11 Jun 2023Rp101.2tRp28.4tRp1.1t34.7x93x3.6x
Tue, 09 May 2023Rp99.7tRp27.1tRp1.1t37x89.3x3.7x
Thu, 06 Apr 2023Rp105.5tRp17.9tRp990.2b45.1x106.5x5.9x
Sat, 04 Mar 2023Rp112.7tRp30.5tRp852.2b60.5x132.2x3.7x
Mon, 30 Jan 2023Rp111.3tRp30.5tRp852.2b56.5x130.6x3.7x
Wed, 28 Dec 2022Rp115.0tRp30.4tRp601.9b151.6x191.1x3.8x
Price to Earnings Ratio

191.1x


Total Market Cap: Rp115.0tTotal Earnings: Rp601.9bTotal Revenue: Rp30.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian IT Industry Price to Earnings3Y Average 141.2x202320242025
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 297x which is higher than its 3-year average PE of 141x.
  • The 3-year average PS ratio of 9.1x is lower than the industry's current PS ratio of 24.1x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 60% 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-0.94%
Tech-2.03%
IT-2.06%
Data Processing Services0%0
Internet Services and Infrastructure-0.20%
IT Consulting-9.25%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 283x.
    • Analysts are expecting annual earnings growth of 46.4%, 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 47.4x.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 46% 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 IndointernetRp4.57k2.0%
+Rp181.8b		22.5%PE67.1x
MSTI Mastersystem InfotamaRp1.41k2.5%
+Rp109.9b		-6.0%PE8.4x
ATIC Anabatic TechnologiesRp655.001.6%
+Rp23.2b		81.9%PE6.5x
AREA Dunia Virtual OnlineRp585.000.9%
+Rp12.7b		221.4%PE170.1x

Latest News

WGSH
Rp238.00
Wira Global Solusi
7D
-16.2%
1Y
164.4%
CYBR
Rp1,360.00
ITSEC Asia
7D
-0.7%
1Y
254.2%
ELIT
Rp196.00
Data Sinergitama Jaya
7D
-3.0%
1Y
70.4%
MSTI
Rp1,410.00
Mastersystem Infotama
7D
2.5%
1Y
-6.0%
INET
Rp725.00
Sinergi Inti Andalan Prima
7D
-14.2%
1Y
1,088.5%
ATIC
Rp655.00
Anabatic Technologies
7D
1.6%
1Y
81.9%
EDGE
Rp4,570.00
Indointernet
7D
2.0%
1Y
22.5%
AREA
Rp585.00
Dunia Virtual Online
7D
0.9%
1Y
221.4%
MLPT
Rp60,100.00
Multipolar Technology
7D
-11.3%
1Y
233.9%
DCII
Rp244,750.00
DCI Indonesia
7D
-0.02%
1Y
481.4%
WIRG
Rp102.00
WIR ASIA
7D
-1.9%
1Y
20.0%