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Indonesian (IDX) Software Industry Analysis
UpdatedJan 15, 2026
DataAggregated Company Financials
Companies7
- 7D-8.7%
- 3M71.2%
- 1Y444.9%
- YTD-12.0%
Over the last 7 days, the Software industry has dropped 8.7%, driven by a pullback from Folago Global Nusantara of 11%. Meanwhile, Global Sukses Solusi actually outperformed within the industry, gaining 11% in the last week. In the past year, the industry has gained 445%.
Industry Valuation and Performance
Has the Indonesian Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 15 Jan 2026 | Rp5.2t | Rp4.9t | Rp14.6b | 170.8x | 352.9x | 1x |
| Sat, 13 Dec 2025 | Rp6.0t | Rp4.9t | Rp14.6b | 203.2x | 411.4x | 1.2x |
| Mon, 10 Nov 2025 | Rp2.3t | Rp5.1t | -Rp9,849,393,361.00 | 739.6x | -236.2x | 0.5x |
| Wed, 08 Oct 2025 | Rp2.8t | Rp5.2t | -Rp326,845.00 | 27.1x | -8584407.3x | 0.5x |
| Fri, 05 Sep 2025 | Rp1.7t | Rp5.2t | -Rp326,845.00 | 31.2x | -5310766.4x | 0.3x |
| Sun, 03 Aug 2025 | Rp1.4t | Rp5.8t | -Rp90,015,610,999.00 | 46.3x | -15.3x | 0.2x |
| Tue, 01 Jul 2025 | Rp1.2t | Rp5.8t | -Rp90,015,610,999.00 | 49.1x | -13.1x | 0.2x |
| Thu, 29 May 2025 | Rp1.2t | Rp5.8t | -Rp90,015,610,999.00 | 51x | -13.2x | 0.2x |
| Sat, 26 Apr 2025 | Rp702.5b | Rp6.1t | -Rp278,410,010,383.00 | 32.1x | -2.5x | 0.1x |
| Mon, 24 Mar 2025 | Rp682.0b | Rp6.4t | -Rp837,503,632,115.00 | 48.9x | -0.8x | 0.1x |
| Wed, 19 Feb 2025 | Rp753.6b | Rp6.4t | -Rp837,503,632,115.00 | 48.9x | -0.9x | 0.1x |
| Fri, 17 Jan 2025 | Rp891.5b | Rp6.4t | -Rp837,503,632,115.00 | 48.9x | -1.1x | 0.1x |
| Sun, 15 Dec 2024 | Rp912.2b | Rp6.2t | -Rp836,622,789,478.00 | 48.9x | -1.1x | 0.1x |
| Tue, 12 Nov 2024 | Rp762.8b | Rp6.2t | -Rp836,622,789,478.00 | 48.9x | -0.9x | 0.1x |
| Thu, 10 Oct 2024 | Rp737.4b | Rp7.0t | -Rp1,091,064,314,262.00 | 53x | -0.7x | 0.1x |
| Sat, 07 Sep 2024 | Rp724.8b | Rp7.0t | -Rp1,091,064,314,262.00 | 53x | -0.7x | 0.1x |
| Mon, 05 Aug 2024 | Rp678.9b | Rp7.0t | -Rp1,092,196,131,790.00 | 53x | -0.6x | 0.1x |
| Wed, 03 Jul 2024 | Rp641.7b | Rp7.2t | -Rp1,524,072,903,842.00 | 73.6x | -0.4x | 0.09x |
| Fri, 31 May 2024 | Rp877.0b | Rp7.2t | -Rp1,524,072,903,842.00 | 73.6x | -0.6x | 0.1x |
| Sun, 28 Apr 2024 | Rp1.0t | Rp7.7t | -Rp1,322,279,331,354.00 | 195.3x | -0.8x | 0.1x |
| Tue, 26 Mar 2024 | Rp1.4t | Rp8.7t | -Rp816,185,694,207.00 | 62.5x | -1.7x | 0.2x |
| Thu, 22 Feb 2024 | Rp1.8t | Rp8.7t | -Rp814,151,920,723.00 | 62.5x | -2.2x | 0.2x |
| Sat, 20 Jan 2024 | Rp4.1t | Rp10.9t | -Rp895,586,644,671.00 | 48.6x | -4.5x | 0.4x |
| Mon, 18 Dec 2023 | Rp4.2t | Rp10.9t | -Rp894,202,281,711.00 | 41x | -4.7x | 0.4x |
| Wed, 15 Nov 2023 | Rp4.6t | Rp11.6t | -Rp892,280,335,173.00 | 19.7x | -5.1x | 0.4x |
| Fri, 13 Oct 2023 | Rp7.8t | Rp11.8t | -Rp611,440,507,648.00 | 36.1x | -12.7x | 0.7x |
| Sun, 10 Sep 2023 | Rp6.2t | Rp11.9t | -Rp607,723,409,812.00 | 34.3x | -10.2x | 0.5x |
| Tue, 08 Aug 2023 | Rp7.8t | Rp11.9t | -Rp589,797,704,200.00 | 37.4x | -13.1x | 0.6x |
| Thu, 06 Jul 2023 | Rp10.7t | Rp12.1t | -Rp40,433,784,909.00 | 60x | -263.5x | 0.9x |
| Sat, 03 Jun 2023 | Rp11.6t | Rp12.8t | -Rp44,535,844,110.00 | 86.8x | -259.8x | 0.9x |
| Mon, 01 May 2023 | Rp13.5t | Rp13.1t | Rp21.1b | 124.1x | 639.6x | 1x |
| Wed, 29 Mar 2023 | Rp15.5t | Rp12.7t | Rp76.6b | 41.7x | 202.2x | 1.2x |
| Fri, 24 Feb 2023 | Rp13.0t | Rp12.7t | Rp68.4b | 36.7x | 190.4x | 1x |
| Sun, 22 Jan 2023 | Rp12.7t | Rp12.7t | Rp67.9b | 35x | 187.2x | 1x |
Price to Earnings Ratio
187.2x
Current Industry PE
- Investors are optimistic on the Indonesian Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 353x which is higher than its 3-year average PE of -555kx.
- The 3-year average PS ratio of 0.42x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 40% per year over the last three years,
- Revenues have also declined 27% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Indonesian Tech industry?
| ID Market | 0.50% | |
| Tech | -5.44% | |
| Software | -8.69% | |
| Systems Software | 11.36% | |
| Application Software | -9.01% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 181x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Application Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| IRSX Folago Global Nusantara | Rp725.00 | 8.2% +Rp340.7b | 1,759.0% | PE213.5x | |
| RUNS Global Sukses Solusi | Rp107.00 | 17.6% +Rp15.7b | 44.6% | PE1358.5x | |
| HDIT Hensel Davest Indonesia | Rp77.00 | 4.1% +Rp4.6b | 75.0% | PS3.4x |