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Indonesian (IDX) IT Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies12
  • 7D-4.1%
  • 3M-27.0%
  • 1Y1.7%
  • YTD-21.0%

Over the last 7 days, the IT industry has dropped 4.1%, driven by Multipolar Technology declining 29%. As for the longer term, the industry's performance has been flat for the past year. 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
Wed, 18 Mar 2026Rp544.6tRp30.0tRp2.3t70.4x235.3x18.1x
Fri, 13 Feb 2026Rp638.1tRp30.3tRp2.5t70.4x259.4x21.1x
Sun, 11 Jan 2026Rp676.4tRp30.3tRp2.5t66.1x274.9x22.3x
Tue, 09 Dec 2025Rp745.4tRp30.3tRp2.5t69.8x303x24.6x
Thu, 06 Nov 2025Rp800.2tRp30.2tRp2.4t63.3x328.1x26.5x
Sat, 04 Oct 2025Rp1013.4tRp29.6tRp2.4t60.7x416.3x34.2x
Mon, 01 Sep 2025Rp988.0tRp29.6tRp2.4t57.5x405.9x33.4x
Wed, 30 Jul 2025Rp926.1tRp30.6tRp2.5t62.6x367.1x30.2x
Fri, 27 Jun 2025Rp457.6tRp30.5tRp2.5t42.5x181.6x15x
Sun, 25 May 2025Rp438.5tRp31.5tRp2.5t41.1x174.5x13.9x
Tue, 22 Apr 2025Rp498.7tRp32.6tRp2.2t47.2x227.5x15.3x
Thu, 20 Mar 2025Rp431.6tRp33.5tRp2.3t48.5x187.3x12.9x
Sat, 15 Feb 2025Rp189.4tRp32.7tRp2.1t30.5x89.8x5.8x
Mon, 13 Jan 2025Rp151.2tRp32.8tRp2.1t28.2x71.6x4.6x
Wed, 11 Dec 2024Rp158.4tRp32.7tRp2.1t29.7x74.6x4.8x
Fri, 08 Nov 2024Rp137.6tRp34.3tRp2.1t29.6x66.4x4x
Sun, 06 Oct 2024Rp150.0tRp33.5tRp2.0t27.6x74.7x4.5x
Tue, 03 Sep 2024Rp126.2tRp33.1tRp2.0t19x64.6x3.8x
Thu, 01 Aug 2024Rp116.1tRp34.4tRp1.8t13.5x63.8x3.4x
Sat, 29 Jun 2024Rp104.9tRp34.3tRp1.8t13.8x58.1x3.1x
Mon, 27 May 2024Rp102.4tRp33.3tRp1.5t13.3x66.3x3.1x
Wed, 24 Apr 2024Rp95.5tRp23.6tRp1.2t14.9x80.3x4x
Fri, 22 Mar 2024Rp96.5tRp23.3tRp1.2t19.2x80.7x4.1x
Sun, 18 Feb 2024Rp108.5tRp24.2tRp1.4t20.4x76.4x4.5x
Tue, 16 Jan 2024Rp115.9tRp24.2tRp1.4t28.8x81.5x4.8x
Thu, 14 Dec 2023Rp128.2tRp24.3tRp1.4t28.2x91x5.3x
Sat, 11 Nov 2023Rp101.3tRp24.0tRp1.4t29.7x71.4x4.2x
Mon, 09 Oct 2023Rp98.3tRp20.6tRp991.0b35.9x99.2x4.8x
Wed, 06 Sep 2023Rp97.1tRp28.9tRp1.0t44.3x96.4x3.4x
Fri, 04 Aug 2023Rp100.5tRp28.6tRp1.2t43.7x86.6x3.5x
Sun, 02 Jul 2023Rp103.3tRp28.4tRp1.1t33.2x94.9x3.6x
Tue, 30 May 2023Rp99.6tRp28.4tRp1.1t42.1x91.5x3.5x
Thu, 27 Apr 2023Rp106.3tRp27.4tRp1.2t36.9x92.2x3.9x
Sat, 25 Mar 2023Rp105.6tRp17.9tRp990.2b47.5x106.6x5.9x
Price to Earnings Ratio

106.6x


Total Market Cap: Rp105.6tTotal Earnings: Rp990.2bTotal Revenue: Rp17.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian IT Industry Price to Earnings3Y Average 150.7x202420252026
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 235x which is higher than its 3-year average PE of 151x.
  • The 3-year average PS ratio of 10.5x is lower than the industry's current PS ratio of 18.1x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 33% per year over the last three years.
  • Revenues for these companies have grown 19% 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 Market-7.00%
Tech-4.14%
IT-4.09%
Data Processing Services0%0
Internet Services and Infrastructure-2.18%
IT Consulting-17.27%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 297x.
    • 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 below its 3-year average of 51.3x.
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
DCII DCI IndonesiaRp208.98k1.9%
+Rp9.5t
80.5%PE497.5x
MSTI Mastersystem InfotamaRp1.32k1.2%
+Rp47.1b
-7.4%PE7.8x
WGSH Wira Global SolusiRp246.004.2%
+Rp10.4b
37.4%PE48.7x

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