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Indonesian (IDX) Market Analysis & Valuation

UpdatedAug 23, 2026
DataAggregated Company Financials
Companies844
  • 7D1.9%
  • 3M7.3%
  • 1Y-20.9%
  • YTD-30.1%

The market is up 1.9% in the last 7 days, led by the Energy and Materials sectors. Over the past year the market is down 21%. Earnings are forecast to grow by 19% annually.

Trending IndustriesOil and GasGoldSoftwareRenewable Energy

Market Valuation and Performance

Has the Indonesian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Aug 2026Rp11155.4tRp5866.2tRp675.9t14.8x16.5x1.9x
Wed, 22 Jul 2026Rp10778.6tRp5736.3tRp684.9t14.8x15.7x1.9x
Fri, 19 Jun 2026Rp10351.5tRp5711.8tRp680.9t14.2x15.2x1.8x
Sun, 17 May 2026Rp11391.0tRp5644.0tRp662.5t16.6x17.2x2x
Tue, 14 Apr 2026Rp13023.5tRp5486.0tRp641.3t17.5x20.3x2.4x
Thu, 12 Mar 2026Rp12821.2tRp5334.6tRp625.2t16.3x20.5x2.4x
Sat, 07 Feb 2026Rp13955.0tRp5317.9tRp621.2t17.5x22.5x2.6x
Mon, 05 Jan 2026Rp15569.8tRp5310.0tRp620.1t18.8x25.1x2.9x
Wed, 03 Dec 2025Rp15411.2tRp5312.6tRp615.6t18.2x25x2.9x
Fri, 31 Oct 2025Rp14514.2tRp5273.5tRp635.4t17.3x22.8x2.8x
Sun, 28 Sep 2025Rp14440.1tRp5274.6tRp630.1t16.8x22.9x2.7x
Tue, 26 Aug 2025Rp13853.1tRp5220.3tRp639.0t15.9x21.7x2.7x
Thu, 24 Jul 2025Rp13065.3tRp5138.8tRp625.6t15.2x20.9x2.5x
Sat, 21 Jun 2025Rp11921.3tRp5142.3tRp627.8t15x19x2.3x
Mon, 19 May 2025Rp12057.0tRp5156.5tRp631.1t15.1x19.1x2.3x
Wed, 16 Apr 2025Rp10906.9tRp5214.4tRp636.9t14.2x17.1x2.1x
Fri, 14 Mar 2025Rp11273.6tRp5141.3tRp632.2t14.2x17.8x2.2x
Sun, 09 Feb 2025Rp11355.3tRp5176.0tRp576.2t14.5x19.7x2.2x
Tue, 07 Jan 2025Rp12074.3tRp5185.5tRp573.8t14.7x21x2.3x
Thu, 05 Dec 2024Rp12190.8tRp5071.1tRp549.1t14.6x22.2x2.4x
Sat, 02 Nov 2024Rp12483.6tRp5035.8tRp542.8t15.6x23x2.5x
Mon, 30 Sep 2024Rp12719.1tRp4931.8tRp523.6t16x24.3x2.6x
Wed, 28 Aug 2024Rp12746.2tRp4968.8tRp503.2t15.4x25.3x2.6x
Fri, 26 Jul 2024Rp12099.3tRp4969.6tRp495.6t15x24.4x2.4x
Sun, 23 Jun 2024Rp11594.7tRp5011.9tRp502.4t13.6x23.1x2.3x
Tue, 21 May 2024Rp12250.8tRp4980.9tRp503.7t14.6x24.3x2.5x
Thu, 18 Apr 2024Rp11622.2tRp4963.0tRp524.6t15x22.2x2.3x
Sat, 16 Mar 2024Rp11541.7tRp4869.6tRp598.5t14.4x19.3x2.4x
Mon, 12 Feb 2024Rp11343.0tRp4917.6tRp596.4t15.2x19x2.3x
Wed, 10 Jan 2024Rp11221.9tRp4937.3tRp583.1t15x19.2x2.3x
Fri, 08 Dec 2023Rp11277.4tRp4938.9tRp585.5t14.8x19.3x2.3x
Sun, 05 Nov 2023Rp10435.5tRp4972.6tRp613.5t14.9x17x2.1x
Tue, 03 Oct 2023Rp10207.1tRp4986.8tRp617.4t16x16.5x2x
Thu, 31 Aug 2023Rp10123.6tRp4965.1tRp619.0t15.9x16.4x2x
Price to Earnings Ratio

16.4x


Total Market Cap: Rp10123.6tTotal Earnings: Rp619.0tTotal Revenue: Rp4965.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 20.6x202420252026
Current Market PE
  • Investors are pessimistic on the Indonesian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 16.5x which is lower than its 3-year average PE of 20.6x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 2.9% per year over the last three years.
  • Revenues for these companies have grown 5.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Indonesian Market?

ID Market1.85%
Energy4.86%
Materials3.58%
Consumer Staples3.41%
Consumer Discretionary1.78%
Financials1.58%
Telecom1.30%
Industrials0.42%
Real Estate-0.027%
Tech-0.61%
Healthcare-1.89%
Utilities-2.18%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 139x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.4%, which is higher than its past year's earnings growth of 2.3% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 13.8x.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Real Estate industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
BYAN Bayan ResourcesRp15.60k8.3%
+Rp40.0t		-14.3%PE35.5xEnergy
BBRI Bank Rakyat Indonesia (Persero)Rp3.23k3.5%
+Rp16.6t		-21.2%PB1.4xFinancials
AMMN Amman Mineral InternasionalRp4.48k4.9%
+Rp15.2t		-47.9%PE33.5xMaterials
BBCA Bank Central AsiaRp6.45k1.6%
+Rp12.3t		-23.7%PB2.9xFinancials
PGUN Pradiksi GunatamaRp9.55k24.8%
+Rp10.9t		560.9%PE455.6xConsumer Staples
See more

Market Insights

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Latest News

GIAA
Rp72.00
PT. Garuda Indonesia (Persero)
7D
-5.3%
1Y
1.4%
BYAN
Rp15,600.00
Bayan Resources
7D
8.3%
1Y
-14.3%
JARR
Rp3,070.00
Jhonlin Agro Raya
7D
52.7%
1Y
201.0%
BRMS
Rp695.00
Bumi Resources Minerals
7D
12.1%
1Y
45.4%
New Narrative • Aug 10

Thermal Coal Cash Flows Will Fund A Long Term Shift To Copper And Gold

Catalysts About Bumi Resources Minerals Bumi Resources Minerals focuses on coal mining in Indonesia alongside growing gold and copper operations, supported by interests in Australian resource projects. What are the underlying business or industry changes driving this perspective?
DSSA
Rp1,050.00
Dian Swastatika Sentosa
7D
4.5%
1Y
-66.7%
ARTO
Rp1,060.00
Bank Jago
7D
-10.5%
1Y
-52.0%
TCPI
Rp2,320.00
Transcoal Pacific
7D
-35.6%
1Y
-61.5%
CASA
Rp1,820.00
Capital Financial Indonesia
7D
-3.2%
1Y
63.2%
SRAJ
Rp14,100.00
Sejahteraraya Anugrahjaya
7D
-6.0%
1Y
119.5%
BREN
Rp3,460.00
Barito Renewables Energy
7D
-3.1%
1Y
-59.4%
MPRO
Rp13,125.00
Maha Properti Indonesia
7D
-7.2%
1Y
293.0%
BBCA
Rp6,450.00
Bank Central Asia
7D
1.6%
1Y
-23.7%
PGUN
Rp9,550.00
Pradiksi Gunatama
7D
24.8%
1Y
560.9%
AMMN
Rp4,480.00
Amman Mineral Internasional
7D
4.9%
1Y
-47.9%
DCII
Rp203,700.00
DCI Indonesia
7D
-1.1%
1Y
-40.1%
BBRI
Rp3,230.00
Bank Rakyat Indonesia (Persero)
7D
3.5%
1Y
-21.2%
Narrative Update • Jul 16

BBRI: MESOP Buyback Plan Will Shape Steady Fair Value Outlook

Analysts have trimmed their price target for Bank Rakyat Indonesia (Persero) from IDR 2,828 to IDR 2,730, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E levels. What’s in the News for Bank Rakyat Indonesia (Persero) PT Bank Rakyat Indonesia (Persero) Tbk announces a share repurchase program of up to IDR 500,000 million, financed through internal cash resources, for use in the Employee and Management Stock Ownership Programme (MESOP).