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Indonesian (IDX) Software Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies7
  • 7D4.4%
  • 3M-32.5%
  • 1Y463.6%
  • YTD-33.8%

The Software is pretty flat in the last 7 days, but Folago Global Nusantara has stood out, gaining 3.4%. As for the the longer term, the industry is up 450% over the past 12 months.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026Rp3.9tRp4.9tRp54.2b104x71.7x0.8x
Mon, 09 Mar 2026Rp4.3tRp4.9tRp14.6b144.3x291.1x0.9x
Wed, 04 Feb 2026Rp4.8tRp4.9tRp14.6b170.8x331.9x1x
Fri, 02 Jan 2026Rp5.5tRp4.9tRp14.6b184.1x376.3x1.1x
Sun, 30 Nov 2025Rp3.6tRp5.1t-Rp9,849,393,334.00730.1x-365.6x0.7x
Tue, 28 Oct 2025Rp2.4tRp5.2t-Rp326,845.0024.4x-7262499.7x0.5x
Thu, 25 Sep 2025Rp2.8tRp5.2t-Rp326,845.0027.8x-8485164.2x0.5x
Sat, 23 Aug 2025Rp1.7tRp5.2t-Rp326,845.0032.7x-5072997.2x0.3x
Mon, 21 Jul 2025Rp1.2tRp5.8t-Rp90,015,610,999.0049.1x-13.5x0.2x
Wed, 18 Jun 2025Rp1.2tRp5.8t-Rp90,015,610,999.0052.3x-13.4x0.2x
Fri, 16 May 2025Rp1.2tRp5.8t-Rp82,674,978,144.0056.7x-14.6x0.2x
Sun, 13 Apr 2025Rp662.5bRp6.2t-Rp783,177,633,407.0048.9x-0.8x0.1x
Tue, 11 Mar 2025Rp738.3bRp6.4t-Rp837,503,632,115.0048.9x-0.9x0.1x
Thu, 06 Feb 2025Rp814.2bRp6.4t-Rp837,503,632,115.0048.9x-1x0.1x
Sat, 04 Jan 2025Rp837.9bRp6.2t-Rp836,622,789,478.0048.9x-1x0.1x
Mon, 02 Dec 2024Rp849.4bRp6.2t-Rp836,622,789,478.0048.9x-1x0.1x
Wed, 30 Oct 2024Rp773.2bRp7.0t-Rp1,091,064,314,262.0053x-0.7x0.1x
Fri, 27 Sep 2024Rp771.5bRp7.0t-Rp1,091,064,314,262.0053x-0.7x0.1x
Sun, 25 Aug 2024Rp729.0bRp7.0t-Rp1,091,064,314,262.0053x-0.7x0.1x
Tue, 23 Jul 2024Rp728.9bRp7.2t-Rp1,524,072,903,842.0073.6x-0.5x0.1x
Thu, 20 Jun 2024Rp643.3bRp7.2t-Rp1,524,072,903,842.0073.6x-0.4x0.09x
Sat, 18 May 2024Rp868.9bRp7.2t-Rp1,523,607,380,250.0060.8x-0.6x0.1x
Mon, 15 Apr 2024Rp1.1tRp7.8t-Rp1,315,959,867,376.0062.5x-0.8x0.1x
Wed, 13 Mar 2024Rp1.6tRp8.7t-Rp816,185,694,207.0062.5x-2x0.2x
Fri, 09 Feb 2024Rp2.8tRp11.7t-Rp795,208,318,429.0062.5x-3.6x0.2x
Sun, 07 Jan 2024Rp4.4tRp10.9t-Rp895,586,644,671.0048.6x-5x0.4x
Tue, 05 Dec 2023Rp4.5tRp11.6t-Rp892,280,335,173.0019.7x-5x0.4x
Thu, 02 Nov 2023Rp5.0tRp11.8t-Rp611,440,507,648.0033.3x-8.2x0.4x
Sat, 30 Sep 2023Rp8.1tRp11.9t-Rp607,723,409,812.0036.1x-13.3x0.7x
Mon, 28 Aug 2023Rp5.8tRp11.9t-Rp607,723,409,812.0049.7x-9.5x0.5x
Wed, 26 Jul 2023Rp9.3tRp12.2t-Rp41,443,319,459.0061.8x-223.4x0.8x
Fri, 23 Jun 2023Rp11.5tRp12.1t-Rp40,433,784,909.0071.4x-284.6x0.9x
Sun, 21 May 2023Rp12.1tRp12.8t-Rp44,535,844,110.0094.7x-271.3x0.9x
Tue, 18 Apr 2023Rp13.2tRp13.2tRp22.2b118.1x594.2x1x
Price to Earnings Ratio

594.2x


Total Market Cap: Rp13.2tTotal Earnings: Rp22.2bTotal Revenue: Rp13.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Software Industry Price to Earnings3Y Average -554544.2x202420252026
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 69.1x which is higher than its 3-year average PE of -555kx.
  • The industry is trading close to its 3-year average PS ratio of 0.41x.
Past Earnings Growth
  • The earnings for companies in the Software industry have grown 35% per year over the last three years.
  • Meanwhile revenues for these companies have declined 28% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Indonesian Tech industry?

ID Market7.52%
Tech2.00%
Software4.44%
Application Software4.59%
Systems Software-2.47%
Industry PE
  • Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 276x.
    • 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?

CompanyLast Price7D1YValuation
IRSX Folago Global NusantaraRp424.003.4%
+Rp86.7b
1,827.3%PE104x
DIVA Distribusi Voucher NusantaraRp191.0042.5%
+Rp79.8b
161.6%PE5.8x
KIOS Kioson Komersial IndonesiaRp114.009.6%
+Rp10.8b
128.0%PE190x
JATI Informasi Teknologi IndonesiaRp108.002.9%
+Rp9.8b
116.0%PE16.9x
HDIT Hensel Davest IndonesiaRp58.003.6%
+Rp3.0b
222.2%PS4.8x

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