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Indonesian (IDX) Market Analysis & Valuation

UpdatedAug 22, 2025
DataAggregated Company Financials
Companies851
  • 7D-1.0%
  • 3M10.9%
  • 1Y8.0%
  • YTD12.1%

In the last week, the market has stayed flat, however the Industrials sector stood out, gaining 5.5%. Meanwhile, the market is actually up 8.0% over the past year. Earnings are forecast to grow by 8.9% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 Aug 2025Rp13775.3tRp5225.0tRp639.5t15.7x21.5x2.6x
Sun, 20 Jul 2025Rp12713.5tRp5138.6tRp625.5t15.1x20.3x2.5x
Tue, 17 Jun 2025Rp12134.6tRp5135.7tRp627.0t15.3x19.4x2.4x
Thu, 15 May 2025Rp11613.6tRp5181.6tRp630.2t15.1x18.4x2.2x
Sat, 12 Apr 2025Rp10461.9tRp5195.4tRp634.9t13.9x16.5x2x
Mon, 10 Mar 2025Rp11263.3tRp5133.0tRp551.4t14.3x20.4x2.2x
Wed, 05 Feb 2025Rp12053.4tRp5167.7tRp577.9t14.8x20.9x2.3x
Fri, 03 Jan 2025Rp12235.6tRp5176.5tRp573.4t14.7x21.3x2.4x
Sun, 01 Dec 2024Rp11765.3tRp5064.0tRp549.0t14.3x21.4x2.3x
Tue, 29 Oct 2024Rp12680.3tRp4980.8tRp530.3t15.9x23.9x2.5x
Thu, 26 Sep 2024Rp12750.9tRp4942.3tRp523.9t15.8x24.3x2.6x
Sat, 24 Aug 2024Rp12542.6tRp4965.6tRp501.8t15.2x25x2.5x
Mon, 22 Jul 2024Rp12165.4tRp4963.0tRp494.5t15.1x24.6x2.5x
Wed, 19 Jun 2024Rp11365.5tRp5007.9tRp501.9t14.1x22.6x2.3x
Fri, 17 May 2024Rp12035.1tRp4975.0tRp505.2t14.6x23.8x2.4x
Sun, 14 Apr 2024Rp11692.1tRp4932.7tRp520.1t15.3x22.5x2.4x
Tue, 12 Mar 2024Rp11674.3tRp4890.9tRp591.2t14.4x19.7x2.4x
Thu, 08 Feb 2024Rp11343.5tRp4918.5tRp596.9t14.8x19x2.3x
Sat, 06 Jan 2024Rp11672.7tRp4935.4tRp582.7t15x20x2.4x
Mon, 04 Dec 2023Rp10938.7tRp4912.8tRp586.2t15x18.7x2.2x
Wed, 01 Nov 2023Rp10419.6tRp4998.3tRp614.4t15x17x2.1x
Fri, 29 Sep 2023Rp10159.8tRp4982.2tRp618.4t15.9x16.4x2x
Sun, 27 Aug 2023Rp10034.4tRp4977.9tRp620.0t15.9x16.2x2x
Tue, 25 Jul 2023Rp9847.5tRp4970.2tRp626.5t16.6x15.7x2x
Thu, 22 Jun 2023Rp9389.2tRp4897.8tRp604.2t15.7x15.5x1.9x
Sat, 20 May 2023Rp9336.0tRp4894.7tRp605.9t16.2x15.4x1.9x
Mon, 17 Apr 2023Rp9458.5tRp4778.6tRp607.3t15x15.6x2x
Wed, 15 Mar 2023Rp9064.1tRp4752.8tRp638.1t14x14.2x1.9x
Fri, 10 Feb 2023Rp9349.8tRp4683.8tRp628.3t14.5x14.9x2x
Sun, 08 Jan 2023Rp9061.8tRp4666.1tRp628.1t14.1x14.4x1.9x
Tue, 06 Dec 2022Rp9333.2tRp4627.8tRp627.4t14.6x14.9x2x
Thu, 03 Nov 2022Rp9142.5tRp4511.7tRp610.2t15.5x15x2x
Sat, 01 Oct 2022Rp9074.5tRp4359.9tRp570.0t16.4x15.9x2.1x
Mon, 29 Aug 2022Rp9105.5tRp4227.2tRp541.1t15.8x16.8x2.2x
Price to Earnings Ratio

16.8x


Total Market Cap: Rp9105.5tTotal Earnings: Rp541.1tTotal Revenue: Rp4227.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 18.8x202320242025
Current Market PE
  • Investors are optimistic on the Indonesian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 21.5x which is higher than its 3-year average PE of 18.8x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 5.7% per year over the last three years.
  • Revenues for these companies have grown 7.3% 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 Market-0.97%
Industrials5.45%
Tech3.29%
Healthcare2.28%
Consumer Staples2.06%
Financials0.39%
Consumer Discretionary0.37%
Real Estate0.16%
Materials-0.91%
Telecom-1.51%
Energy-3.51%
Utilities-8.42%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 93.0x.
    • Analysts are expecting annual earnings growth of 8.9%, which is lower than the prior year's growth of 10.3% per year.
  • The Industrials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 11.5x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 45% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Materials 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
ASII Astra InternationalRp5.63k10.3%
+Rp21.3t
12.5%PE6.8xIndustrials
DCII DCI IndonesiaRp345.00k2.5%
+Rp19.9t
729.3%PE738.3xTech
LIFE MSIG Life Insurance IndonesiaRp17.10k72.7%
+Rp15.1t
194.8%PE111.2xFinancials
BBRI Bank Rakyat Indonesia (Persero)Rp4.15k2.2%
+Rp13.6t
-17.8%PB2xFinancials
MLPT Multipolar TechnologyRp72.80k9.1%
+Rp11.3t
4,551.8%PE583.9xTech
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