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Indonesian (IDX) Market Analysis & Valuation

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies845
  • 7D1.0%
  • 3M6.5%
  • 1Y23.2%
  • YTD24.6%

Over the last 7 days, the market has risen 1.0%, driven by gains of 8.3% in the Communication Services sector. In contrast, the Information Technology sector is lagging, dropping 11%. In the last year, the market has climbed 23%. Earnings are forecast to grow by 13% annually.

Trending IndustriesOil and GasSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025Rp15400.2tRp5317.6tRp621.9t18.6x24.8x2.9x
Fri, 28 Nov 2025Rp15260.6tRp5337.7tRp612.8t18x24.9x2.9x
Sun, 26 Oct 2025Rp14793.8tRp5265.7tRp629.0t17x23.5x2.8x
Tue, 23 Sep 2025Rp14246.5tRp5277.1tRp630.3t16.9x22.6x2.7x
Thu, 21 Aug 2025Rp13871.1tRp5220.8tRp639.0t15.7x21.7x2.7x
Sat, 19 Jul 2025Rp12647.4tRp5138.3tRp625.5t15.1x20.2x2.5x
Mon, 16 Jun 2025Rp12220.2tRp5136.3tRp627.0t15.4x19.5x2.4x
Wed, 14 May 2025Rp11612.4tRp5172.6tRp634.3t15.2x18.3x2.2x
Fri, 11 Apr 2025Rp10460.0tRp5197.1tRp633.9t13.8x16.5x2x
Sun, 09 Mar 2025Rp11272.1tRp5133.4tRp551.4t14.3x20.4x2.2x
Tue, 04 Feb 2025Rp11907.8tRp5174.7tRp578.8t14.8x20.6x2.3x
Thu, 02 Jan 2025Rp12098.8tRp5169.6tRp572.5t14.6x21.1x2.3x
Sat, 30 Nov 2024Rp11818.1tRp5065.7tRp550.3t14.3x21.5x2.3x
Mon, 28 Oct 2024Rp12680.3tRp4974.8tRp529.7t16x23.9x2.5x
Wed, 25 Sep 2024Rp12789.1tRp4947.6tRp524.5t16x24.4x2.6x
Fri, 23 Aug 2024Rp12538.1tRp4974.1tRp502.5t15x25x2.5x
Sun, 21 Jul 2024Rp12165.4tRp4962.8tRp494.4t15.1x24.6x2.5x
Tue, 18 Jun 2024Rp11357.6tRp5010.0tRp502.0t14.1x22.6x2.3x
Thu, 16 May 2024Rp11784.8tRp4986.7tRp508.1t14.5x23.2x2.4x
Sat, 13 Apr 2024Rp11692.1tRp4932.7tRp520.1t15.3x22.5x2.4x
Mon, 11 Mar 2024Rp11674.3tRp4890.8tRp591.2t14.4x19.7x2.4x
Wed, 07 Feb 2024Rp11393.7tRp4928.4tRp598.2t14.9x19x2.3x
Fri, 05 Jan 2024Rp11672.3tRp4931.8tRp582.2t15.3x20x2.4x
Sun, 03 Dec 2023Rp10939.5tRp4921.7tRp586.2t15.1x18.7x2.2x
Tue, 31 Oct 2023Rp10411.6tRp5003.4tRp614.6t15.2x16.9x2.1x
Thu, 28 Sep 2023Rp10159.8tRp4985.9tRp619.0t15.9x16.4x2x
Sat, 26 Aug 2023Rp10032.0tRp4979.2tRp620.2t15.9x16.2x2x
Mon, 24 Jul 2023Rp9811.0tRp4967.0tRp625.7t16.5x15.7x2x
Wed, 21 Jun 2023Rp9330.5tRp4908.0tRp604.5t15.6x15.4x1.9x
Fri, 19 May 2023Rp9334.0tRp4887.5tRp604.5t16.1x15.4x1.9x
Sun, 16 Apr 2023Rp9459.0tRp4777.2tRp608.2t15.1x15.6x2x
Tue, 14 Mar 2023Rp9246.6tRp4757.2tRp638.7t14.3x14.5x1.9x
Thu, 09 Feb 2023Rp9374.3tRp4667.3tRp630.4t14.4x14.9x2x
Sat, 07 Jan 2023Rp9060.6tRp4660.6tRp626.8t14.1x14.5x1.9x
Price to Earnings Ratio

14.5x


Total Market Cap: Rp9060.6tTotal Earnings: Rp626.8tTotal Revenue: Rp4660.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 19.8x20242025
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 24.8x which is higher than its 3-year average PE of 19.8x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 4.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Indonesian Market?

ID Market1.02%
Telecom8.29%
Industrials3.80%
Real Estate3.28%
Consumer Discretionary2.36%
Utilities2.34%
Consumer Staples1.10%
Materials0.74%
Financials0.55%
Healthcare0.20%
Energy-1.01%
Tech-10.72%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 116x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 31.1%, which is higher than its past year's earnings growth of 7.0% per year.
  • The Industrials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 10.3x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings growth rate of 7.0% per year.
  • In contrast, the Materials sector is expected to see its earnings grow by 8.5% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
MORA Mora Telematika IndonesiaRp12.05k23.0%
+Rp53.2t		2,463.8%PE1021.9xTelecom
FILM PT.MD EntertainmentRp14.50k35.8%
+Rp37.9t		275.6%PS279.1xTelecom
BREN Barito Renewables EnergyRp9.70k2.9%
+Rp36.8t		4.6%PE542.6xUtilities
PANI Pantai Indah Kapuk DuaRp12.60k7.0%
+Rp13.9t		-21.3%PE229.4xReal Estate
CUAN Petrindo Jaya KreasiRp2.34k3.5%
+Rp9.0t		110.3%PE107.1xEnergy
See more

Market Insights

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BBRI
Rp3,660.00
Bank Rakyat Indonesia (Persero)
7D
-2.9%
1Y
-10.3%

BBRI: Stronger Revenue Outlook Will Support Upcoming Governance And Management Changes

Analysts have maintained their price target for Bank Rakyat Indonesia (Persero) at IDR 5,400, citing slightly lower discount rate assumptions and stronger expected revenue growth, which are offset by more conservative profit margin and future valuation forecasts. What's in the News Scheduled Special or Extraordinary Shareholders Meeting on December 17, 2025, at 07:00 UTC in Jakarta, Indonesia, to address key corporate matters (company filing) Proposed amendment to the Company’s Articles of Association, potentially affecting governance provisions and long term strategic flexibility (company filing) Planned delegation of authority for approval of the 2026 Corporate Work Plan and Budget, indicating preparations for next year’s operational targets (company filing) Agenda includes potential changes to the composition of the Company’s management, which could affect leadership continuity and execution of strategic initiatives (company filing) Valuation Changes The consensus analyst price target remains unchanged at IDR 5,400 per share, indicating stable fair value expectations.
TBIG
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Tower Bersama Infrastructure
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1Y
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ISAT
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Indosat Ooredoo Hutchison
7D
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ISAT: Future Returns Will Likely Be Capped By Margin Compression

Analysts have modestly raised their price target on Indosat Ooredoo Hutchison from IDR 1,882.77 to IDR 2,000.00, reflecting slightly stronger revenue growth expectations and a higher anticipated future price to earnings multiple, partly offset by a lower projected profit margin and discount rate. Valuation Changes The fair value estimate has increased slightly from IDR 1,882.77 to IDR 2,000.00, implying modest upside versus the previous target.
BRMS
Rp1,100.00
Bumi Resources Minerals
7D
-4.8%
1Y
217.9%
DSSA
Rp101,000.00
Dian Swastatika Sentosa
7D
-3.9%
1Y
173.0%
BUMI
Rp366.00
Bumi Resources
7D
-3.7%
1Y
210.2%
ASII
Rp6,700.00
Astra International
7D
3.1%
1Y
36.7%
CUAN
Rp2,340.00
Petrindo Jaya Kreasi
7D
3.5%
1Y
110.3%
FILM
Rp14,500.00
PT.MD Entertainment
7D
35.8%
1Y
275.6%
PANI
Rp12,600.00
Pantai Indah Kapuk Dua
7D
7.0%
1Y
-21.3%
CDIA
Rp1,670.00
Chandra Daya Investasi
7D
-1.8%
1Y
n/a
BREN
Rp9,700.00
Barito Renewables Energy
7D
2.9%
1Y
4.6%
MORA
Rp12,050.00
Mora Telematika Indonesia
7D
23.0%
1Y
2,463.8%
BYAN
Rp15,700.00
Bayan Resources
7D
-0.8%
1Y
-22.5%
SMMA
Rp14,500.00
Sinar Mas Multiartha
7D
10.3%
1Y
-0.7%
DCII
Rp200,000.00
DCI Indonesia
7D
-14.9%
1Y
375.1%