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Indonesian (IDX) Market Analysis & Valuation
UpdatedDec 26, 2025
DataAggregated Company Financials
Companies845
- 7D-1.2%
- 3M4.7%
- 1Y22.4%
- YTD22.6%
Over the last 7 days, the market has dropped 1.2%, driven by a loss of 5.7% in the Information Technology sector. In the last year, the market is actually up 22%. Looking forward, earnings are forecast to grow by 12% annually.
Market Valuation and Performance
Has the Indonesian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Dec 2025 | Rp15162.6t | Rp5316.8t | Rp621.8t | 18.1x | 24.4x | 2.9x |
| Sun, 23 Nov 2025 | Rp15003.3t | Rp5342.0t | Rp613.6t | 17.8x | 24.5x | 2.8x |
| Tue, 21 Oct 2025 | Rp14301.8t | Rp5261.7t | Rp628.2t | 16.9x | 22.8x | 2.7x |
| Thu, 18 Sep 2025 | Rp14092.9t | Rp5246.3t | Rp631.1t | 16.9x | 22.3x | 2.7x |
| Sat, 16 Aug 2025 | Rp13909.9t | Rp5215.9t | Rp658.6t | 15.4x | 21.1x | 2.7x |
| Mon, 14 Jul 2025 | Rp12064.3t | Rp5131.7t | Rp624.7t | 14.8x | 19.3x | 2.4x |
| Wed, 11 Jun 2025 | Rp12342.7t | Rp5135.8t | Rp626.5t | 15.4x | 19.7x | 2.4x |
| Fri, 09 May 2025 | Rp11629.9t | Rp5166.7t | Rp633.4t | 15.5x | 18.4x | 2.3x |
| Sun, 06 Apr 2025 | Rp10930.6t | Rp5159.6t | Rp632.9t | 14.3x | 17.3x | 2.1x |
| Tue, 04 Mar 2025 | Rp11110.9t | Rp5216.1t | Rp577.0t | 14.2x | 19.3x | 2.1x |
| Thu, 30 Jan 2025 | Rp12213.6t | Rp5154.3t | Rp576.3t | 15.2x | 21.2x | 2.4x |
| Sat, 28 Dec 2024 | Rp12028.2t | Rp5179.3t | Rp573.6t | 14.7x | 21x | 2.3x |
| Mon, 25 Nov 2024 | Rp11865.0t | Rp5061.0t | Rp545.4t | 14.7x | 21.8x | 2.3x |
| Wed, 23 Oct 2024 | Rp12818.9t | Rp4963.3t | Rp526.3t | 16.2x | 24.4x | 2.6x |
| Fri, 20 Sep 2024 | Rp13321.8t | Rp4951.0t | Rp505.0t | 16x | 26.4x | 2.7x |
| Sun, 18 Aug 2024 | Rp12393.1t | Rp4972.5t | Rp503.9t | 15.1x | 24.6x | 2.5x |
| Tue, 16 Jul 2024 | Rp12331.1t | Rp4962.5t | Rp495.8t | 14.7x | 24.9x | 2.5x |
| Thu, 13 Jun 2024 | Rp11453.2t | Rp5002.8t | Rp501.2t | 14.1x | 22.8x | 2.3x |
| Sat, 11 May 2024 | Rp11776.9t | Rp4993.6t | Rp510.7t | 14.8x | 23.1x | 2.4x |
| Mon, 08 Apr 2024 | Rp11692.0t | Rp4916.2t | Rp522.0t | 15.2x | 22.4x | 2.4x |
| Wed, 06 Mar 2024 | Rp11445.9t | Rp4908.8t | Rp597.4t | 14.4x | 19.2x | 2.3x |
| Fri, 02 Feb 2024 | Rp11273.8t | Rp4956.2t | Rp586.9t | 14.7x | 19.2x | 2.3x |
| Sun, 31 Dec 2023 | Rp11537.5t | Rp4923.7t | Rp583.5t | 15x | 19.8x | 2.3x |
| Tue, 28 Nov 2023 | Rp10950.9t | Rp4960.1t | Rp601.9t | 15.1x | 18.2x | 2.2x |
| Thu, 26 Oct 2023 | Rp10401.7t | Rp5005.8t | Rp611.9t | 15.2x | 17x | 2.1x |
| Sat, 23 Sep 2023 | Rp10221.3t | Rp4972.1t | Rp616.7t | 16.1x | 16.6x | 2.1x |
| Mon, 21 Aug 2023 | Rp9938.1t | Rp4992.7t | Rp628.6t | 16.1x | 15.8x | 2x |
| Wed, 19 Jul 2023 | Rp9728.8t | Rp4963.6t | Rp625.3t | 16.1x | 15.6x | 2x |
| Fri, 16 Jun 2023 | Rp9381.0t | Rp4903.1t | Rp603.8t | 15.7x | 15.5x | 1.9x |
| Sun, 14 May 2023 | Rp9391.3t | Rp4869.0t | Rp618.3t | 16x | 15.2x | 1.9x |
| Tue, 11 Apr 2023 | Rp9355.1t | Rp4774.8t | Rp604.1t | 14.3x | 15.5x | 2x |
| Thu, 09 Mar 2023 | Rp9221.0t | Rp4748.6t | Rp639.7t | 14.4x | 14.4x | 1.9x |
| Sat, 04 Feb 2023 | Rp9332.3t | Rp4646.1t | Rp626.1t | 14.4x | 14.9x | 2x |
| Mon, 02 Jan 2023 | Rp9300.4t | Rp4657.3t | Rp626.0t | 14.3x | 14.9x | 2x |
Price to Earnings Ratio
14.9x
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 24.4x which is higher than its 3-year average PE of 19.7x.
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 Market | -1.18% | |
| Industrials | 1.57% | |
| Telecom | 1.36% | |
| Materials | -0.25% | |
| Consumer Staples | -0.65% | |
| Healthcare | -0.81% | |
| Financials | -0.97% | |
| Energy | -1.50% | |
| Utilities | -2.25% | |
| Consumer Discretionary | -2.45% | |
| Real Estate | -4.70% | |
| Tech | -5.75% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 115x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 31.8%, 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 32% 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 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| FILM PT.MD Entertainment | Rp11.70k | 45.3% +Rp36.1t | 221.4% | PS225.2x | Telecom | |
| BNLI Bank Permata | Rp5.08k | 10.6% +Rp17.5t | 437.0% | PB4.1x | Financials | |
| BUMI Bumi Resources | Rp362.00 | 6.5% +Rp8.2t | 212.1% | PS5.5x | Energy | |
| IMPC Impack Pratama Industri | Rp3.84k | 3.8% +Rp7.7t | 997.1% | PE350x | Materials | |
| INCO Vale Indonesia | Rp5.05k | 15.8% +Rp7.3t | 43.5% | PE53.7x | Materials |
