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Indonesian (IDX) Market Analysis & Valuation

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies842
  • 7D6.6%
  • 3M-17.1%
  • 1Y19.8%
  • YTD-15.1%

The market is up 12% in the last 7 days, led by the Materials and all sectors gaining ground. The market is up 20% over the last 12 months. As for the next few years, earnings are expected to grow by 5.2% per annum.

Trending IndustriesOil and GasSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026Rp13253.1tRp5483.1tRp641.1t17.8x20.7x2.4x
Sat, 14 Mar 2026Rp12319.5tRp5400.0tRp626.9t16x19.7x2.3x
Mon, 09 Feb 2026Rp13955.0tRp5319.5tRp621.4t17.5x22.5x2.6x
Wed, 07 Jan 2026Rp15868.7tRp5313.8tRp620.5t19.7x25.6x3x
Fri, 05 Dec 2025Rp15451.6tRp5314.0tRp616.4t18.3x25.1x2.9x
Sun, 02 Nov 2025Rp14501.3tRp5309.2tRp635.4t17.1x22.8x2.7x
Tue, 30 Sep 2025Rp14440.1tRp5270.0tRp629.6t16.9x22.9x2.7x
Thu, 28 Aug 2025Rp13963.4tRp5232.3tRp640.3t15.6x21.8x2.7x
Sat, 26 Jul 2025Rp13121.5tRp5140.1tRp626.1t15.1x21x2.6x
Mon, 23 Jun 2025Rp11820.8tRp5141.3tRp628.0t14.9x18.8x2.3x
Wed, 21 May 2025Rp12045.1tRp5148.6tRp630.7t15.4x19.1x2.3x
Fri, 18 Apr 2025Rp10911.3tRp5204.2tRp638.4t14.1x17.1x2.1x
Sun, 16 Mar 2025Rp11037.8tRp5141.7tRp634.1t14.2x17.4x2.1x
Tue, 11 Feb 2025Rp11215.7tRp5179.9tRp576.5t14.4x19.5x2.2x
Thu, 09 Jan 2025Rp12143.0tRp5184.8tRp574.1t14.9x21.2x2.3x
Sat, 07 Dec 2024Rp12433.4tRp5146.7tRp570.7t14.7x21.8x2.4x
Mon, 04 Nov 2024Rp12387.0tRp5043.5tRp544.3t15.6x22.8x2.5x
Wed, 02 Oct 2024Rp12583.4tRp4941.3tRp525.2t16x24x2.5x
Fri, 30 Aug 2024Rp12859.7tRp4964.4tRp503.2t15.5x25.6x2.6x
Sun, 28 Jul 2024Rp12212.3tRp4987.0tRp501.4t15.1x24.4x2.4x
Tue, 25 Jun 2024Rp11644.3tRp5007.6tRp501.8t13.7x23.2x2.3x
Thu, 23 May 2024Rp12232.2tRp4983.5tRp504.2t14.5x24.3x2.5x
Sat, 20 Apr 2024Rp11658.9tRp4959.1tRp524.0t14.7x22.3x2.4x
Mon, 18 Mar 2024Rp11545.2tRp4933.1tRp597.5t14.4x19.3x2.3x
Wed, 14 Feb 2024Rp11224.5tRp4914.7tRp595.8t15x18.8x2.3x
Fri, 12 Jan 2024Rp11288.6tRp4938.3tRp583.3t15.2x19.4x2.3x
Sun, 10 Dec 2023Rp11330.8tRp4935.9tRp584.1t14.7x19.4x2.3x
Tue, 07 Nov 2023Rp10561.2tRp4961.9tRp608.6t15x17.4x2.1x
Thu, 05 Oct 2023Rp10208.1tRp4988.3tRp615.5t15.7x16.6x2x
Sat, 02 Sep 2023Rp10113.5tRp4965.5tRp617.1t16.2x16.4x2x
Mon, 31 Jul 2023Rp9887.6tRp4973.1tRp627.5t16.4x15.8x2x
Wed, 28 Jun 2023Rp9355.4tRp4901.8tRp604.8t15.8x15.5x1.9x
Fri, 26 May 2023Rp9425.9tRp4890.0tRp604.6t16.2x15.6x1.9x
Sun, 23 Apr 2023Rp9568.0tRp4820.1tRp615.7t15.2x15.5x2x
Price to Earnings Ratio

15.5x


Total Market Cap: Rp9568.0tTotal Earnings: Rp615.7tTotal Revenue: Rp4820.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 20.5x202420252026
Current Market PE
  • Investors are relatively neutral on the Indonesian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 20.5x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 4.4% 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 Market6.64%
Utilities24.36%
Energy12.09%
Materials11.48%
Industrials7.13%
Real Estate5.21%
Telecom4.59%
Consumer Staples2.96%
Consumer Discretionary2.17%
Tech2.15%
Financials-0.066%
Healthcare-6.28%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 126x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.9%, which is higher than its past year's earnings growth of 13.6% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.5x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 14% per year.
  • In contrast, the Materials sector is expected to see its earnings decline by 7.7% 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
BREN Barito Renewables EnergyRp6.45k29.0%
+Rp194.0t		15.2%PE380.6xUtilities
TPIA Chandra Asri PacificRp6.30k40.6%
+Rp157.4t		-16.0%PE29.1xMaterials
DSSA Dian Swastatika SentosaRp3.35k25.0%
+Rp103.7t		95.7%PE131.1xEnergy
BRPT Barito PacificRp2.38k34.8%
+Rp57.6t		226.0%PE26.6xMaterials
BYAN Bayan ResourcesRp12.35k11.0%
+Rp40.8t		-38.3%PE31.3xEnergy
See more

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