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Indonesian (IDX) Software Industry Analysis
UpdatedJan 21, 2026
DataAggregated Company Financials
Companies7
- 7D25.8%
- 3M121.2%
- 1Y592.0%
- YTD4.9%
Over the last 7 days, the Software industry has risen 24%, driven by gains from Folago Global Nusantara of 36%. In the same time, Kioson Komersial Indonesia was down 15%. This means that the industry has gained 604% over the past year.
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 |
|---|---|---|---|---|---|---|
| Wed, 21 Jan 2026 | Rp6.1t | Rp4.9t | Rp14.6b | 216.4x | 420.7x | 1.2x |
| Fri, 19 Dec 2025 | Rp6.0t | Rp4.9t | Rp14.6b | 203.2x | 409.4x | 1.2x |
| Sun, 16 Nov 2025 | Rp2.6t | Rp5.1t | -Rp9,849,393,334.00 | 720.1x | -262.5x | 0.5x |
| Tue, 14 Oct 2025 | Rp3.1t | Rp5.2t | -Rp326,845.00 | 26.5x | -9553541.5x | 0.6x |
| Thu, 11 Sep 2025 | Rp1.8t | Rp5.2t | -Rp326,845.00 | 29.8x | -5570890.5x | 0.3x |
| Sat, 09 Aug 2025 | Rp1.5t | Rp5.2t | -Rp326,845.00 | 31.6x | -4678826.3x | 0.3x |
| Mon, 07 Jul 2025 | Rp1.2t | Rp5.8t | -Rp90,015,610,999.00 | 47.5x | -12.8x | 0.2x |
| Wed, 04 Jun 2025 | Rp1.1t | Rp5.8t | -Rp90,015,610,999.00 | 41.6x | -12.2x | 0.2x |
| Fri, 02 May 2025 | Rp728.1b | Rp6.1t | -Rp278,410,010,383.00 | 32.1x | -2.6x | 0.1x |
| Sun, 30 Mar 2025 | Rp706.0b | Rp6.4t | -Rp837,503,632,115.00 | 48.9x | -0.8x | 0.1x |
| Tue, 25 Feb 2025 | Rp825.2b | Rp6.4t | -Rp837,503,632,115.00 | 48.9x | -1x | 0.1x |
| Thu, 23 Jan 2025 | Rp827.4b | Rp6.4t | -Rp837,503,632,115.00 | 48.9x | -1x | 0.1x |
| Sat, 21 Dec 2024 | Rp805.7b | Rp6.2t | -Rp836,622,789,478.00 | 48.9x | -1x | 0.1x |
| Mon, 18 Nov 2024 | Rp762.3b | Rp6.2t | -Rp836,622,789,478.00 | 48.9x | -0.9x | 0.1x |
| Wed, 16 Oct 2024 | Rp747.7b | Rp7.0t | -Rp1,091,064,314,262.00 | 53x | -0.7x | 0.1x |
| Fri, 13 Sep 2024 | Rp771.0b | Rp7.0t | -Rp1,091,064,314,262.00 | 53x | -0.7x | 0.1x |
| Sun, 11 Aug 2024 | Rp695.0b | Rp7.0t | -Rp1,092,196,131,790.00 | 53x | -0.6x | 0.1x |
| Tue, 09 Jul 2024 | Rp672.5b | Rp7.2t | -Rp1,524,072,903,842.00 | 73.6x | -0.4x | 0.09x |
| Thu, 06 Jun 2024 | Rp808.0b | Rp7.2t | -Rp1,524,072,903,842.00 | 73.6x | -0.5x | 0.1x |
| Sat, 04 May 2024 | Rp940.4b | Rp7.7t | -Rp1,322,279,331,354.00 | 163.6x | -0.7x | 0.1x |
| Mon, 01 Apr 2024 | Rp1.3t | Rp8.1t | -Rp838,435,271,103.00 | 62.5x | -1.5x | 0.2x |
| Wed, 28 Feb 2024 | Rp1.7t | Rp8.7t | -Rp814,151,920,723.00 | 62.5x | -2x | 0.2x |
| Fri, 26 Jan 2024 | Rp3.9t | Rp10.9t | -Rp895,586,644,671.00 | 49.2x | -4.3x | 0.4x |
| Sun, 24 Dec 2023 | Rp4.1t | Rp10.9t | -Rp894,202,281,711.00 | 40.5x | -4.5x | 0.4x |
| Tue, 21 Nov 2023 | Rp4.6t | Rp11.6t | -Rp892,280,335,173.00 | 19.7x | -5.2x | 0.4x |
| Thu, 19 Oct 2023 | Rp7.6t | Rp11.8t | -Rp611,440,507,648.00 | 35.6x | -12.4x | 0.6x |
| Sat, 16 Sep 2023 | Rp6.8t | Rp11.9t | -Rp607,723,409,812.00 | 34.9x | -11.2x | 0.6x |
| Mon, 14 Aug 2023 | Rp6.5t | Rp11.9t | -Rp608,062,994,264.00 | 54.5x | -10.8x | 0.5x |
| Wed, 12 Jul 2023 | Rp10.2t | Rp12.2t | -Rp41,443,319,459.00 | 62x | -246.4x | 0.8x |
| Fri, 09 Jun 2023 | Rp11.9t | Rp12.1t | -Rp40,433,784,909.00 | 83.5x | -293.5x | 1x |
| Sun, 07 May 2023 | Rp13.9t | Rp13.6t | Rp46.7b | 108.8x | 297.4x | 1x |
| Tue, 04 Apr 2023 | Rp16.0t | Rp12.7t | Rp76.6b | 41.7x | 208.9x | 1.3x |
| Thu, 02 Mar 2023 | Rp13.5t | Rp12.7t | Rp68.4b | 35.7x | 197.8x | 1.1x |
| Sat, 28 Jan 2023 | Rp12.8t | Rp12.7t | Rp67.9b | 36x | 188.3x | 1x |
Price to Earnings Ratio
188.3x
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 440x 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 1.3x.
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 | 2.18% | |
| Tech | 2.05% | |
| Software | 25.81% | |
| Application Software | 26.30% | |
| Systems Software | 2.00% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 189x.
- 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 | Rp730.00 | 25.9% +Rp929.3b | 2,112.1% | PE215x | |
| HDIT Hensel Davest Indonesia | Rp105.00 | 36.4% +Rp42.7b | 238.7% | PS4.6x | |
| JATI Informasi Teknologi Indonesia | Rp134.00 | 5.5% +Rp22.8b | 168.0% | PE22.1x | |
| TFAS Telefast Indonesia | Rp278.00 | 3.0% +Rp13.3b | 167.3% | PE2041.1x | |
| RUNS Global Sukses Solusi | Rp102.00 | 4.1% +Rp3.9b | 64.5% | PE1295x |