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Indonesian (IDX) IT Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies12
  • 7D1.4%
  • 3M-17.0%
  • 1Y21.2%
  • YTD-20.6%

Over the last 7 days, the IT industry has risen 1.4%, driven by gains from Multipolar Technology of 42%. This means that the industry has gained 21% over the past year. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026Rp547.4tRp29.8tRp2.3t80.1x239x18.4x
Sat, 14 Mar 2026Rp544.6tRp30.0tRp2.3t70.4x235.7x18.1x
Mon, 09 Feb 2026Rp620.3tRp30.3tRp2.5t71.8x252.1x20.5x
Wed, 07 Jan 2026Rp697.5tRp30.3tRp2.5t66.7x283.5x23x
Fri, 05 Dec 2025Rp777.5tRp30.3tRp2.5t69.3x316x25.7x
Sun, 02 Nov 2025Rp799.8tRp29.6tRp2.5t65.4x316.7x27.1x
Tue, 30 Sep 2025Rp1014.6tRp29.6tRp2.4t58x416.8x34.3x
Thu, 28 Aug 2025Rp943.8tRp29.6tRp2.4t57.9x387.7x31.9x
Sat, 26 Jul 2025Rp914.0tRp30.5tRp2.5t48x361.7x29.9x
Mon, 23 Jun 2025Rp456.3tRp30.5tRp2.5t42.5x181.1x15x
Wed, 21 May 2025Rp452.5tRp31.5tRp2.5t41.6x180.1x14.4x
Fri, 18 Apr 2025Rp452.3tRp32.6tRp2.2t46.7x206.4x13.9x
Sun, 16 Mar 2025Rp534.0tRp33.5tRp2.3t42.6x231.7x16x
Tue, 11 Feb 2025Rp186.7tRp32.7tRp2.1t29.7x88.6x5.7x
Thu, 09 Jan 2025Rp159.5tRp32.8tRp2.1t29x75.5x4.9x
Sat, 07 Dec 2024Rp165.7tRp32.7tRp2.1t29.6x78x5.1x
Mon, 04 Nov 2024Rp157.1tRp34.3tRp2.1t30.9x75.8x4.6x
Wed, 02 Oct 2024Rp155.4tRp33.1tRp2.0t29.4x79.6x4.7x
Fri, 30 Aug 2024Rp116.8tRp33.1tRp2.0t18.7x59.8x3.5x
Sun, 28 Jul 2024Rp119.9tRp34.4tRp1.8t13.2x66.3x3.5x
Tue, 25 Jun 2024Rp104.6tRp34.3tRp1.8t14.1x57.9x3x
Thu, 23 May 2024Rp102.3tRp33.3tRp1.5t13.3x66.5x3.1x
Sat, 20 Apr 2024Rp95.6tRp24.3tRp1.1t14.9x84.4x3.9x
Mon, 18 Mar 2024Rp98.5tRp23.3tRp1.2t20.1x84.4x4.2x
Wed, 14 Feb 2024Rp107.7tRp24.2tRp1.4t19.9x75.9x4.4x
Fri, 12 Jan 2024Rp119.1tRp24.2tRp1.4t29.7x83.8x4.9x
Sun, 10 Dec 2023Rp131.0tRp24.3tRp1.4t30.3x93.5x5.4x
Tue, 07 Nov 2023Rp96.7tRp20.4tRp1.0t29.7x96.5x4.7x
Thu, 05 Oct 2023Rp97.9tRp20.6tRp991.0b36.7x98.7x4.7x
Sat, 02 Sep 2023Rp97.3tRp28.9tRp1.0t44x96.6x3.4x
Mon, 31 Jul 2023Rp99.7tRp28.6tRp1.1t42x87.9x3.5x
Wed, 28 Jun 2023Rp103.8tRp28.4tRp1.1t33.2x95.4x3.7x
Fri, 26 May 2023Rp98.1tRp28.4tRp1.1t35.7x89.9x3.5x
Sun, 23 Apr 2023Rp105.4tRp19.5tRp1.1t41x99.4x5.4x
Price to Earnings Ratio

99.4x


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 154.2x202420252026
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 239x 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 Market12.22%
Tech1.52%
IT1.37%
IT Consulting23.39%
Data Processing Services0%0
Internet Services and Infrastructure-0.99%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 304x.
    • 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 TechnologyRp24.30k60.1%
+Rp17.1t
-31.2%PE135.4x
INET Sinergi Inti Andalan PrimaRp334.0016.8%
+Rp1.1t
193.0%PE305.1x
ATIC Anabatic TechnologiesRp550.004.8%
+Rp57.9b
31.6%PE6.1x
WGSH Wira Global SolusiRp129.0020.6%
+Rp45.9b
35.8%PE83.5x
ELIT Data Sinergitama JayaRp228.008.6%
+Rp36.4b
27.4%PE13.7x

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