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Indonesian (IDX) Market Analysis & Valuation

UpdatedAug 15, 2026
DataAggregated Company Financials
Companies844
  • 7D0.2%
  • 3M-5.3%
  • 1Y-23.0%
  • YTD-31.4%

The Energy sector gained 6.4% while the market remained flat over the last week. The past year hasn't been profitable, with the market dropping 23%. As for the next few years, earnings are expected to grow by 19% per annum.

Trending IndustriesOil and GasGoldSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Aug 2026Rp10951.6tRp5872.6tRp676.5t14.2x16.2x1.9x
Tue, 14 Jul 2026Rp10276.2tRp5752.6tRp687.0t14.3x15x1.8x
Thu, 11 Jun 2026Rp9969.2tRp5706.4tRp668.5t13.8x14.9x1.7x
Sat, 09 May 2026Rp11947.0tRp5630.4tRp666.6t16.9x17.9x2.1x
Mon, 06 Apr 2026Rp11970.2tRp5471.8tRp647.6t16.7x18.5x2.2x
Wed, 04 Mar 2026Rp13787.2tRp5329.5tRp626.8t17.3x22x2.6x
Fri, 30 Jan 2026Rp14511.7tRp5312.8tRp620.6t18.1x23.4x2.7x
Sun, 28 Dec 2025Rp15162.6tRp5317.5tRp621.9t18.1x24.4x2.9x
Tue, 25 Nov 2025Rp15265.0tRp5339.2tRp612.9t17.8x24.9x2.9x
Thu, 23 Oct 2025Rp14662.3tRp5266.4tRp628.9t17x23.3x2.8x
Sat, 20 Sep 2025Rp14113.0tRp5278.3tRp633.2t16.8x22.3x2.7x
Mon, 18 Aug 2025Rp13844.3tRp5213.9tRp638.3t15.3x21.7x2.7x
Wed, 16 Jul 2025Rp12356.4tRp5135.3tRp625.0t14.8x19.8x2.4x
Fri, 13 Jun 2025Rp12268.4tRp5131.1tRp626.5t15.4x19.6x2.4x
Sun, 11 May 2025Rp11613.6tRp5166.3tRp633.3t15.5x18.3x2.2x
Tue, 08 Apr 2025Rp10930.6tRp5156.0tRp632.5t14.3x17.3x2.1x
Thu, 06 Mar 2025Rp11036.6tRp5203.9tRp573.9t14.3x19.2x2.1x
Sat, 01 Feb 2025Rp12068.7tRp5163.8tRp577.5t15.1x20.9x2.3x
Mon, 30 Dec 2024Rp12028.7tRp5179.3tRp573.6t14.7x21x2.3x
Wed, 27 Nov 2024Rp11983.2tRp5064.8tRp545.8t14.6x22x2.4x
Fri, 25 Oct 2024Rp12815.7tRp4963.9tRp526.4t16.1x24.3x2.6x
Sun, 22 Sep 2024Rp12853.2tRp4945.5tRp524.4t15.8x24.5x2.6x
Tue, 20 Aug 2024Rp12488.4tRp4963.3tRp502.9t15.2x24.8x2.5x
Thu, 18 Jul 2024Rp11986.6tRp4957.2tRp493.8t14.9x24.3x2.4x
Sat, 15 Jun 2024Rp11487.6tRp5009.9tRp501.9t14x22.9x2.3x
Mon, 13 May 2024Rp11772.2tRp4988.9tRp509.0t14.6x23.1x2.4x
Wed, 10 Apr 2024Rp11692.2tRp4915.8tRp521.8t15.2x22.4x2.4x
Fri, 08 Mar 2024Rp11555.1tRp4891.6tRp591.8t14.5x19.5x2.4x
Sun, 04 Feb 2024Rp11336.3tRp4972.8tRp595.9t14.7x19x2.3x
Tue, 02 Jan 2024Rp11538.2tRp4923.6tRp583.5t15x19.8x2.3x
Thu, 30 Nov 2023Rp11000.9tRp4954.4tRp598.7t14.9x18.4x2.2x
Sat, 28 Oct 2023Rp10318.2tRp5010.4tRp616.9t15.2x16.7x2.1x
Mon, 25 Sep 2023Rp10259.7tRp4972.0tRp616.7t16.1x16.6x2.1x
Wed, 23 Aug 2023Rp10022.7tRp4995.4tRp628.9t16.1x15.9x2x
Price to Earnings Ratio

15.9x


Total Market Cap: Rp10022.7tTotal Earnings: Rp628.9tTotal Revenue: Rp4995.4tTotal 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 16.2x which is lower than its 3-year average PE of 20.6x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 2.5% 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 Market0.22%
Energy6.44%
Healthcare5.27%
Real Estate2.55%
Utilities1.50%
Telecom0.61%
Consumer Discretionary0.085%
Financials-0.53%
Tech-1.42%
Consumer Staples-2.04%
Materials-2.56%
Industrials-3.08%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 138x.
    • 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 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 13.9x.
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 ResourcesRp14.40k19.0%
+Rp76.7t		-21.3%PE32.5xEnergy
SRAJ Sejahteraraya AnugrahjayaRp15.00k15.2%
+Rp24.2t		152.1%PS67.9xHealthcare
MPRO Maha Properti IndonesiaRp14.15k17.4%
+Rp20.9t		334.0%PS30271.2xReal Estate
ISAT IndosatRp2.54k17.1%
+Rp11.9t		16.5%PE10.9xTelecom
CUAN Petrindo Jaya KreasiRp825.0011.5%
+Rp9.6t		-46.8%PE35.9xEnergy
See more

Market Insights

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Latest News

ASII
Rp4,780.00
Astra International
7D
-6.3%
1Y
-4.9%
BYAN
Rp14,400.00
Bayan Resources
7D
19.0%
1Y
-21.3%
CUAN
Rp825.00
Petrindo Jaya Kreasi
7D
11.5%
1Y
-46.8%
BMRI
Rp4,170.00
Bank Mandiri (Persero)
7D
-1.7%
1Y
-14.0%
Narrative Update • Aug 10

BMRI: Share Buyback Authorization Will Support Future Upside Potential

Analysts have reset their price target for Bank Mandiri (Persero) from IDR 7,645.93 to IDR 6,800, reflecting updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Bank Mandiri (Persero) No recent news stories for Bank Mandiri (Persero) are available from the provided sources at this time.
BRPT
Rp1,870.00
Barito Pacific
7D
-3.1%
1Y
-18.0%
ISAT
Rp2,540.00
Indosat
7D
17.1%
1Y
16.5%
DSSA
Rp1,005.00
Dian Swastatika Sentosa
7D
3.1%
1Y
-72.9%
TLKM
Rp2,620.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-3.3%
1Y
-20.8%
Narrative Update • Aug 04

TLKM: Dividend And Share Buyback Will Support Future Upside

Analysts have trimmed their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 3,533 from IDR 3,629, citing slightly softer assumptions for long term revenue growth, profit margins, and future P/E multiples. What's in the News for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced an annual dividend of IDR 223.1659 per share, with an ex dividend date on June 18, 2026, a record date on June 19, 2026, and payment scheduled for July 10, 2026.
TPIA
Rp2,010.00
Chandra Asri Pacific
7D
-9.9%
1Y
-78.2%
MLPT
Rp1,415.00
Multipolar Technology
7D
-12.4%
1Y
-49.8%
IMPC
Rp1,405.00
Impack Pratama Industri
7D
-11.9%
1Y
70.3%
SRAJ
Rp15,000.00
Sejahteraraya Anugrahjaya
7D
15.2%
1Y
152.1%
BREN
Rp3,570.00
Barito Renewables Energy
7D
1.7%
1Y
-59.2%
MPRO
Rp14,150.00
Maha Properti Indonesia
7D
17.4%
1Y
334.0%
AMMN
Rp4,270.00
Amman Mineral Internasional
7D
-3.0%
1Y
-50.1%
GIAA
Rp76.00
PT. Garuda Indonesia (Persero)
7D
40.7%
1Y
7.0%