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Indonesian (IDX) IT Industry Analysis

UpdatedMar 19, 2026
DataAggregated Company Financials
Companies12
  • 7D0.1%
  • 3M-25.1%
  • 1Y28.9%
  • YTD-18.9%

The IT industry has been flat over the last week, but Multipolar Technology has lost 29%. As for the the longer term, the industry is up 48% over the past 12 months. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Mar 2026Rp559.0tRp30.3tRp2.3t80.1x241.1x18.4x
Sat, 14 Feb 2026Rp635.7tRp30.3tRp2.5t70.4x258.4x21x
Mon, 12 Jan 2026Rp676.4tRp30.3tRp2.5t66.1x274.9x22.3x
Wed, 10 Dec 2025Rp755.4tRp30.3tRp2.5t69.3x307x24.9x
Fri, 07 Nov 2025Rp800.0tRp30.2tRp2.4t63.3x328x26.5x
Sun, 05 Oct 2025Rp1044.5tRp29.6tRp2.4t60.7x429.1x35.3x
Tue, 02 Sep 2025Rp944.5tRp29.6tRp2.4t56.9x388x31.9x
Thu, 31 Jul 2025Rp926.4tRp30.6tRp2.5t61.4x367.2x30.2x
Sat, 28 Jun 2025Rp455.6tRp30.5tRp2.5t42.5x180.7x14.9x
Mon, 26 May 2025Rp438.5tRp31.5tRp2.5t41.1x174.5x13.9x
Wed, 23 Apr 2025Rp498.8tRp32.6tRp2.2t46.7x227.6x15.3x
Fri, 21 Mar 2025Rp496.6tRp33.5tRp2.3t48.1x215.5x14.8x
Sun, 16 Feb 2025Rp189.4tRp32.7tRp2.1t30.5x89.8x5.8x
Tue, 14 Jan 2025Rp151.0tRp32.8tRp2.1t27.9x71.5x4.6x
Thu, 12 Dec 2024Rp158.3tRp32.7tRp2.1t29.7x74.5x4.8x
Sat, 09 Nov 2024Rp137.6tRp34.3tRp2.1t29.2x66.4x4x
Mon, 07 Oct 2024Rp150.0tRp33.5tRp2.0t27.6x74.7x4.5x
Wed, 04 Sep 2024Rp117.9tRp33.1tRp2.0t19.2x60.4x3.6x
Fri, 02 Aug 2024Rp116.1tRp34.4tRp1.8t13.4x63.7x3.4x
Sun, 30 Jun 2024Rp104.7tRp34.3tRp1.8t13.8x58x3x
Tue, 28 May 2024Rp102.4tRp33.3tRp1.5t13.1x66.3x3.1x
Thu, 25 Apr 2024Rp96.3tRp23.6tRp1.2t14.8x81x4.1x
Sat, 23 Mar 2024Rp96.6tRp23.3tRp1.2t18.9x80.7x4.1x
Mon, 19 Feb 2024Rp108.5tRp24.2tRp1.4t20.4x76.4x4.5x
Wed, 17 Jan 2024Rp115.4tRp24.2tRp1.4t28.2x81.2x4.8x
Fri, 15 Dec 2023Rp122.8tRp24.3tRp1.4t28.5x87.2x5.1x
Sun, 12 Nov 2023Rp101.3tRp24.0tRp1.4t29.7x71.4x4.2x
Tue, 10 Oct 2023Rp98.3tRp20.6tRp991.0b35.7x99.2x4.8x
Thu, 07 Sep 2023Rp97.1tRp28.9tRp1.0t42.1x96.4x3.4x
Sat, 05 Aug 2023Rp97.0tRp28.6tRp1.2t45.9x83.6x3.4x
Mon, 03 Jul 2023Rp103.3tRp28.4tRp1.1t33.2x94.9x3.6x
Wed, 31 May 2023Rp102.8tRp28.4tRp1.1t40.8x94.4x3.6x
Fri, 28 Apr 2023Rp106.2tRp27.4tRp1.2t37.2x92.1x3.9x
Sun, 26 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 150.8x202420252026
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 242x 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 18.6x.
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-4.88%
Tech0.11%
IT0.11%
Internet Services and Infrastructure1.75%
Data Processing Services0%0
IT Consulting-12.89%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 298x.
    • 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 51.4x.
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		50.4%PE497.5x
MSTI Mastersystem InfotamaRp1.32k1.2%
+Rp47.1b		-8.0%PE7.5x
WGSH Wira Global SolusiRp246.008.8%
+Rp20.9b		25.5%PE48.7x

Latest News

MSTI
Rp1,315.00
Mastersystem Infotama
7D
1.2%
1Y
-8.0%
MLPT
Rp15,200.00
Multipolar Technology
7D
-20.5%
1Y
-62.9%
ELIT
Rp193.00
Data Sinergitama Jaya
7D
-3.0%
1Y
-7.2%
DCII
Rp208,975.00
DCI Indonesia
7D
1.9%
1Y
50.4%
INET
Rp250.00
Sinergi Inti Andalan Prima
7D
-12.0%
1Y
119.3%
WIRG
Rp73.00
WIR ASIA
7D
-8.8%
1Y
-20.7%
CYBR
Rp1,370.00
ITSEC Asia
7D
-6.8%
1Y
83.9%
WGSH
Rp246.00
Wira Global Solusi
7D
8.8%
1Y
25.5%
ATIC
Rp540.00
Anabatic Technologies
7D
-0.9%
1Y
16.9%
AREA
Rp316.00
Dunia Virtual Online
7D
-7.1%
1Y
-26.2%