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Indonesian (IDX) Market Analysis & Valuation

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies842
  • 7D-4.2%
  • 3M-19.4%
  • 1Y-20.7%
  • YTD-38.3%

Over the last 7 days, the market has dropped 4.2%, driven by losses in every sector, especially the Financials sector. In the last 12 months the market is down 21%. Looking forward, earnings are forecast to grow by 14% annually.

Trending IndustriesOil and GasSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Jul 2026Rp9670.2tRp5739.1tRp685.8t13.7x14.1x1.7x
Sun, 31 May 2026Rp10337.3tRp5707.3tRp667.2t14.9x15.5x1.8x
Tue, 28 Apr 2026Rp12295.1tRp5500.9tRp645.6t17.5x19x2.2x
Thu, 26 Mar 2026Rp12505.6tRp5349.9tRp629.4t16x19.9x2.3x
Sat, 21 Feb 2026Rp14516.8tRp5326.6tRp625.2t18.1x23.2x2.7x
Mon, 19 Jan 2026Rp16033.9tRp5322.6tRp621.0t20.3x25.8x3x
Wed, 17 Dec 2025Rp15477.2tRp5315.0tRp620.1t18.3x25x2.9x
Fri, 14 Nov 2025Rp14942.2tRp5337.9tRp614.9t17.8x24.3x2.8x
Sun, 12 Oct 2025Rp15105.9tRp5262.7tRp628.5t17.2x24x2.9x
Tue, 09 Sep 2025Rp13645.3tRp5245.8tRp631.7t15.9x21.6x2.6x
Thu, 07 Aug 2025Rp13094.4tRp5226.9tRp659.7t14.9x19.8x2.5x
Sat, 05 Jul 2025Rp11804.7tRp5125.3tRp624.3t14.9x18.9x2.3x
Mon, 02 Jun 2025Rp12147.8tRp5136.7tRp626.2t15.3x19.4x2.4x
Wed, 30 Apr 2025Rp11410.4tRp5151.4tRp639.2t15.3x17.9x2.2x
Fri, 28 Mar 2025Rp10480.1tRp5160.2tRp636.2t13.5x16.5x2x
Sun, 23 Feb 2025Rp11598.6tRp5177.1tRp574.6t14.5x20.2x2.2x
Tue, 21 Jan 2025Rp12220.1tRp5164.5tRp575.7t15x21.2x2.4x
Thu, 19 Dec 2024Rp12104.2tRp5171.2tRp574.0t14.6x21.1x2.3x
Sat, 16 Nov 2024Rp11877.5tRp5060.3tRp544.6t14.3x21.8x2.3x
Mon, 14 Oct 2024Rp12377.7tRp4972.6tRp526.9t16.1x23.5x2.5x
Wed, 11 Sep 2024Rp13161.7tRp4965.6tRp506.7t15.6x26x2.7x
Fri, 09 Aug 2024Rp12038.4tRp4989.1tRp506.4t14.7x23.8x2.4x
Sun, 07 Jul 2024Rp12289.7tRp4967.7tRp497.2t14.1x24.7x2.5x
Tue, 04 Jun 2024Rp11698.4tRp4998.3tRp505.7t14.3x23.1x2.3x
Thu, 02 May 2024Rp11936.3tRp4979.8tRp514.4t15.1x23.2x2.4x
Sat, 30 Mar 2024Rp11555.6tRp4924.8tRp537.3t14.1x21.5x2.3x
Mon, 26 Feb 2024Rp11425.4tRp4908.5tRp593.9t14.6x19.2x2.3x
Wed, 24 Jan 2024Rp11427.4tRp4944.8tRp584.2t14.9x19.6x2.3x
Fri, 22 Dec 2023Rp11461.0tRp4931.4tRp584.4t14.7x19.6x2.3x
Sun, 19 Nov 2023Rp10919.5tRp4940.2tRp599.1t15x18.2x2.2x
Tue, 17 Oct 2023Rp10247.1tRp4989.6tRp608.9t15.7x16.8x2.1x
Thu, 14 Sep 2023Rp10121.2tRp4971.3tRp616.7t16.4x16.4x2x
Sat, 12 Aug 2023Rp9949.1tRp4986.9tRp623.0t16.4x16x2x
Mon, 10 Jul 2023Rp9568.2tRp4975.3tRp624.4t15.7x15.3x1.9x
Price to Earnings Ratio

15.3x


Total Market Cap: Rp9568.2tTotal Earnings: Rp624.4tTotal Revenue: Rp4975.3tTotal 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 14.1x which is lower than its 3-year average PE of 20.6x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 3.2% per year over the last three years.
  • Revenues for these companies have grown 4.9% 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-4.23%
Healthcare-1.75%
Consumer Discretionary-1.89%
Energy-1.94%
Consumer Staples-2.81%
Financials-3.61%
Real Estate-4.00%
Tech-4.52%
Industrials-5.05%
Telecom-5.27%
Materials-6.07%
Utilities-8.98%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 134x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 18.6% which is higher than its past year's earnings decline of 1.6% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.1x.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings growth rate of 6.9% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 7.0% 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
DCII DCI IndonesiaRp189.78k4.3%
+Rp18.5t		26.1%PE471.1xTech
AMMN Amman Mineral InternasionalRp3.50k4.8%
+Rp11.6t		-58.8%PE25.7xMaterials
MPRO Maha Properti IndonesiaRp9.00k12.5%
+Rp9.9t		309.1%PS21451xReal Estate
IMPC Impack Pratama IndustriRp1.51k10.2%
+Rp7.7t		403.3%PE123.3xMaterials
ISAT Indosat Ooredoo HutchisonRp1.99k13.4%
+Rp7.6t		-5.0%PE11.3xTelecom
See more

Market Insights

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Markets are supposed to reprice risk when it changes. This time they've repriced the promise, but left the threat largely untouched. Whether that's an oversight or a fair call is worth thinking through.
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Latest News

CUAN
Rp610.00
Petrindo Jaya Kreasi
7D
8.0%
1Y
-48.5%
AMMN
Rp3,500.00
Amman Mineral Internasional
7D
4.8%
1Y
-58.8%
BBRI
Rp2,710.00
Bank Rakyat Indonesia (Persero)
7D
-5.6%
1Y
-26.2%
Narrative Update • Jul 01

BBRI: Share Buyback And Higher Margins Will Support Stronger Earnings Outlook

Analysts have trimmed their price target for Bank Rakyat Indonesia (Persero) from IDR 4,066.90 to IDR 3,745.82, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. 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, to be funded using internal cash resources.
IMPC
Rp1,510.00
Impack Pratama Industri
7D
10.2%
1Y
403.3%
BREN
Rp3,400.00
Barito Renewables Energy
7D
1.5%
1Y
-40.4%
BYAN
Rp11,600.00
Bayan Resources
7D
-1.3%
1Y
-41.3%
ISAT
Rp1,985.00
Indosat Ooredoo Hutchison
7D
13.4%
1Y
-5.0%
Narrative Update • Jun 18

ISAT: Future Returns Will Likely Track Higher Dividend And Steady Margins

Analysts have trimmed their price target for Indosat Ooredoo Hutchison slightly to IDR 2,038 from IDR 2,050, reflecting updated assumptions for more moderate revenue growth, along with a small uplift in projected profit margins and a marginally lower future P/E multiple. What's in the News for Indosat Ooredoo Hutchison Indosat Ooredoo Hutchison announced an annual dividend of IDR 111.0000 per share, with payment scheduled for June 5, 2026.
ANTM
Rp2,930.00
Antam (Persero)
7D
8.1%
1Y
-2.3%
BBCA
Rp6,050.00
Bank Central Asia
7D
-2.0%
1Y
-30.1%
BNLI
Rp2,330.00
Bank Permata
7D
-7.2%
1Y
-14.0%
PGUN
Rp7,000.00
Pradiksi Gunatama
7D
-7.3%
1Y
1,184.4%
PANI
Rp5,975.00
Pantai Indah Kapuk Dua
7D
-4.8%
1Y
-46.3%
DNET
Rp9,825.00
Indoritel Makmur Internasional
7D
-4.6%
1Y
0.8%
MPRO
Rp9,000.00
Maha Properti Indonesia
7D
12.5%
1Y
309.1%
MORA
Rp6,625.00
Mora Telematika Indonesia
7D
-12.5%
1Y
1,462.5%
DCII
Rp189,775.00
DCI Indonesia
7D
4.3%
1Y
26.1%