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Indonesian (IDX) Market Analysis & Valuation

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies844
  • 7D-4.6%
  • 3M-19.1%
  • 1Y-19.3%
  • YTD-36.9%

Over the last 7 days, the market has dropped 4.6%, driven by a loss of 12% in the Materials sector. In the last 12 months the market is down 19%. 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
Sat, 27 Jun 2026Rp9886.8tRp5722.8tRp681.4t13.9x14.5x1.7x
Mon, 25 May 2026Rp10231.0tRp5692.9tRp665.0t14.8x15.4x1.8x
Wed, 22 Apr 2026Rp13128.8tRp5487.4tRp641.2t18x20.5x2.4x
Fri, 20 Mar 2026Rp12215.6tRp5353.2tRp631.4t15.8x19.3x2.3x
Sun, 15 Feb 2026Rp14452.9tRp5319.7tRp626.6t18.3x23.1x2.7x
Tue, 13 Jan 2026Rp15661.2tRp5319.6tRp620.9t19.4x25.2x2.9x
Thu, 11 Dec 2025Rp15558.8tRp5343.8tRp614.8t18.2x25.3x2.9x
Sat, 08 Nov 2025Rp14941.4tRp5323.3tRp615.9t17.3x24.3x2.8x
Mon, 06 Oct 2025Rp14636.1tRp5263.1tRp628.6t17.1x23.3x2.8x
Wed, 03 Sep 2025Rp13728.2tRp5232.4tRp629.0t15.9x21.8x2.6x
Fri, 01 Aug 2025Rp13142.6tRp5176.7tRp629.2t14.9x20.9x2.5x
Sun, 29 Jun 2025Rp11820.7tRp5126.6tRp624.6t14.9x18.9x2.3x
Tue, 27 May 2025Rp12183.1tRp5136.5tRp629.5t15.2x19.4x2.4x
Thu, 24 Apr 2025Rp11308.6tRp5185.2tRp639.8t14.8x17.7x2.2x
Sat, 22 Mar 2025Rp10620.6tRp5146.3tRp633.5t13.8x16.8x2.1x
Mon, 17 Feb 2025Rp11168.2tRp5170.0tRp572.0t14.5x19.5x2.2x
Wed, 15 Jan 2025Rp11947.3tRp5059.5tRp569.5t15x21x2.4x
Fri, 13 Dec 2024Rp12453.5tRp5152.1tRp571.4t15.1x21.8x2.4x
Sun, 10 Nov 2024Rp12050.7tRp5044.8tRp544.1t14.9x22.1x2.4x
Tue, 08 Oct 2024Rp12294.3tRp4982.7tRp529.7t15.4x23.2x2.5x
Thu, 05 Sep 2024Rp12815.7tRp4966.8tRp506.7t15.7x25.3x2.6x
Sat, 03 Aug 2024Rp12316.4tRp5002.0tRp506.3t14.6x24.3x2.5x
Mon, 01 Jul 2024Rp11965.4tRp4989.7tRp499.9t13.9x23.9x2.4x
Wed, 29 May 2024Rp12341.7tRp4989.1tRp504.6t14.5x24.5x2.5x
Fri, 26 Apr 2024Rp11720.3tRp4960.0tRp524.9t14.9x22.3x2.4x
Sun, 24 Mar 2024Rp11607.1tRp4895.8tRp539.0t14.6x21.5x2.4x
Tue, 20 Feb 2024Rp11420.1tRp4920.2tRp597.4t14.8x19.1x2.3x
Thu, 18 Jan 2024Rp11208.3tRp4944.5tRp584.0t15.2x19.2x2.3x
Sat, 16 Dec 2023Rp11403.8tRp4934.8tRp584.9t14.8x19.5x2.3x
Mon, 13 Nov 2023Rp10576.9tRp4972.0tRp607.3t15x17.4x2.1x
Wed, 11 Oct 2023Rp10271.1tRp4991.9tRp609.2t15.8x16.9x2.1x
Fri, 08 Sep 2023Rp10186.7tRp4976.8tRp616.4t16x16.5x2x
Sun, 06 Aug 2023Rp9835.5tRp4983.7tRp626.5t16.1x15.7x2x
Tue, 04 Jul 2023Rp9402.9tRp4921.8tRp606.4t15.8x15.5x1.9x
Price to Earnings Ratio

15.5x


Total Market Cap: Rp9402.9tTotal Earnings: Rp606.4tTotal Revenue: Rp4921.8tTotal 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 14.5x which is lower than its 3-year average PE of 20.6x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 4.0% per year over the last three years.
  • Revenues for these companies have grown 5.2% 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-4.61%
Healthcare1.30%
Consumer Staples-0.67%
Energy-2.08%
Real Estate-2.36%
Tech-2.94%
Telecom-3.06%
Financials-3.55%
Industrials-3.83%
Consumer Discretionary-4.54%
Utilities-9.92%
Materials-11.80%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 133x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 18.5% 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 14.2x.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 32% 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 6.8% 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
BYAN Bayan ResourcesRp11.75k6.8%
+Rp25.0t		-39.9%PE29.5xEnergy
MPRO Maha Properti IndonesiaRp8.00k8.8%
+Rp6.5t		270.4%PS19067.5xReal Estate
AMRT Sumber Alfaria TrijayaRp1.46k8.1%
+Rp4.5t		-37.1%PE17.1xConsumer Staples
KLBF Kalbe FarmaRp790.0012.9%
+Rp4.1t		-47.9%PE9.9xHealthcare
BHAT Bhakti Multi ArthaRp2.08k60.0%
+Rp3.9t		208.1%PS60.5xFinancials
See more

Market Insights

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Latest News

BREN
Rp3,350.00
Barito Renewables Energy
7D
-10.2%
1Y
-42.0%
EMAS
Rp6,125.00
Merdeka Gold Resources
7D
-16.4%
1Y
n/a
BRMS
Rp498.00
Bumi Resources Minerals
7D
-24.5%
1Y
25.1%
JSMR
Rp2,940.00
Jasa Marga (Persero)
7D
14.4%
1Y
-17.9%
BYAN
Rp11,750.00
Bayan Resources
7D
6.8%
1Y
-39.9%
ADES
Rp32,700.00
Akasha Wira International
7D
23.9%
1Y
207.8%
BHAT
Rp2,080.00
Bhakti Multi Artha
7D
60.0%
1Y
208.1%
TPIA
Rp1,795.00
Chandra Asri Pacific
7D
-12.9%
1Y
-81.4%
AMMN
Rp3,340.00
Amman Mineral Internasional
7D
-12.6%
1Y
-60.8%
AMRT
Rp1,460.00
Sumber Alfaria Trijaya
7D
8.1%
1Y
-37.1%
BMRI
Rp3,990.00
Bank Mandiri (Persero)
7D
-7.4%
1Y
-20.6%
Narrative Update • Jun 15

BMRI: Improved Profitability And Lower Risk Profile Will Support Stronger Confidence

Analysts have lifted Bank Mandiri (Persero)'s fair value estimate from IDR 5,497 to IDR 5,699. This reflects updated views on a slightly lower discount rate, more conservative revenue growth assumptions, stronger profit margin expectations, and a modestly lower future P/E multiple.
BRPT
Rp1,465.00
Barito Pacific
7D
-13.8%
1Y
-8.2%
MLPT
Rp17,800.00
Multipolar Technology
7D
9.0%
1Y
-49.1%
KLBF
Rp790.00
Kalbe Farma
7D
12.9%
1Y
-47.9%
MPRO
Rp8,000.00
Maha Properti Indonesia
7D
8.8%
1Y
270.4%
IMPC
Rp1,370.00
Impack Pratama Industri
7D
-18.9%
1Y
350.7%