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Indonesian (IDX) Market Analysis & Valuation

UpdatedOct 28, 2025
DataAggregated Company Financials
Companies846
  • 7D-0.5%
  • 3M7.8%
  • 1Y12.3%
  • YTD17.1%

The Industrials sector gained 7.7% while the market remained flat over the last week. More promisingly, the market is up 12% over the past year. As for the next few years, earnings are expected to grow by 8.5% 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
Wed, 29 Oct 2025Rp14460.7tRp5267.8tRp628.8t17.1x23x2.7x
Fri, 26 Sep 2025Rp14444.4tRp5284.1tRp631.2t16.9x22.9x2.7x
Sun, 24 Aug 2025Rp13747.9tRp5225.9tRp639.6t15.8x21.5x2.6x
Tue, 22 Jul 2025Rp12873.5tRp5140.2tRp625.7t15.3x20.6x2.5x
Thu, 19 Jun 2025Rp12152.0tRp5137.3tRp627.4t15.3x19.4x2.4x
Sat, 17 May 2025Rp11937.9tRp5175.4tRp629.8t15x19x2.3x
Mon, 14 Apr 2025Rp10500.5tRp5199.4tRp635.9t13.9x16.5x2x
Wed, 12 Mar 2025Rp11117.1tRp5140.8tRp552.2t14.1x20.1x2.2x
Fri, 07 Feb 2025Rp11800.4tRp5167.0tRp578.0t14.6x20.4x2.3x
Sun, 05 Jan 2025Rp12213.6tRp5178.4tRp573.5t14.7x21.3x2.4x
Tue, 03 Dec 2024Rp11688.9tRp5068.2tRp549.5t14.3x21.3x2.3x
Thu, 31 Oct 2024Rp12430.8tRp4993.5tRp531.7t15.8x23.4x2.5x
Sat, 28 Sep 2024Rp12802.3tRp4943.8tRp524.1t16x24.4x2.6x
Mon, 26 Aug 2024Rp12624.7tRp4968.6tRp503.1t15.2x25.1x2.5x
Wed, 24 Jul 2024Rp12242.1tRp4966.8tRp495.8t15.3x24.7x2.5x
Fri, 21 Jun 2024Rp11376.6tRp5014.1tRp502.6t13.7x22.6x2.3x
Sun, 19 May 2024Rp12297.6tRp4981.8tRp505.7t14.4x24.3x2.5x
Tue, 16 Apr 2024Rp11693.4tRp4932.9tRp520.1t15.4x22.5x2.4x
Thu, 14 Mar 2024Rp11765.7tRp4866.2tRp596.9t14.2x19.7x2.4x
Sat, 10 Feb 2024Rp11342.0tRp4918.5tRp596.5t14.8x19x2.3x
Mon, 08 Jan 2024Rp11643.9tRp4932.8tRp582.3t15x20x2.4x
Wed, 06 Dec 2023Rp11048.2tRp4917.6tRp586.7t15x18.8x2.2x
Fri, 03 Nov 2023Rp10242.9tRp5044.2tRp619.6t15x16.5x2x
Sun, 01 Oct 2023Rp10159.9tRp4982.2tRp616.7t16.1x16.5x2x
Tue, 29 Aug 2023Rp10077.1tRp4978.4tRp620.1t16.1x16.3x2x
Thu, 27 Jul 2023Rp9901.0tRp4970.9tRp626.6t16.6x15.8x2x
Sat, 24 Jun 2023Rp9332.5tRp4902.7tRp605.0t15.7x15.4x1.9x
Mon, 22 May 2023Rp9374.0tRp4890.2tRp604.8t16.1x15.5x1.9x
Wed, 19 Apr 2023Rp9568.0tRp4788.6tRp608.2t15.1x15.7x2x
Fri, 17 Mar 2023Rp8974.0tRp4741.4tRp625.8t13.9x14.3x1.9x
Sun, 12 Feb 2023Rp9315.3tRp4690.9tRp629.5t14.4x14.8x2x
Tue, 10 Jan 2023Rp9065.1tRp4665.0tRp627.9t14.1x14.4x1.9x
Thu, 08 Dec 2022Rp9164.4tRp4651.0tRp630.7t14x14.5x2x
Sat, 05 Nov 2022Rp9160.4tRp4517.0tRp608.3t15.4x15.1x2x
Price to Earnings Ratio

15.1x


Total Market Cap: Rp9160.4tTotal Earnings: Rp608.3tTotal Revenue: Rp4517.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 19.2x202320242025
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 23.0x which is higher than its 3-year average PE of 19.2x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 5.3% 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-0.53%
Industrials7.65%
Real Estate6.26%
Telecom3.48%
Financials3.04%
Healthcare3.03%
Consumer Staples2.16%
Consumer Discretionary-0.00085%
Materials-3.17%
Utilities-3.66%
Energy-5.71%
Tech-7.25%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 107x.
    • Analysts are expecting annual earnings growth of 7.3%, which is lower than the prior year's growth of 14.9% per year.
  • The Industrials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.7x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Materials sector is expected to see its earnings grow by 2.4% 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
RISE Jaya Sukses Makmur SentosaRp12.85k76.0%
+Rp60.7t		1,198.0%PE2275.7xReal Estate
UNVR Unilever IndonesiaRp2.49k21.5%
+Rp16.8t		23.3%PE25.7xConsumer Staples
BMRI Bank Mandiri (Persero)Rp4.51k3.7%
+Rp14.9t		-33.9%PB1.5xFinancials
BBRI Bank Rakyat Indonesia (Persero)Rp3.85k2.4%
+Rp13.6t		-18.1%PB1.8xFinancials
ASII Astra InternationalRp6.33k5.4%
+Rp13.2t		23.4%PE7.6xIndustrials
See more

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BMRI
Rp4,510.00
Bank Mandiri (Persero)
7D
3.7%
1Y
-33.9%
TLKM
Rp3,400.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
3.7%
1Y
17.2%

Management Changes And Improved Margins Will Drive Digital Connectivity Forward

Analysts have slightly raised their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from Rp3,510 to approximately Rp3,517. This change reflects updated assumptions around revenue growth and market conditions.
UNVR
Rp2,490.00
Unilever Indonesia
7D
21.5%
1Y
23.3%
BBNI
Rp4,370.00
Bank Negara Indonesia (Persero)
7D
7.9%
1Y
-17.5%
DSSA
Rp84,375.00
Dian Swastatika Sentosa
7D
-19.5%
1Y
90.0%
BBRI
Rp3,850.00
Bank Rakyat Indonesia (Persero)
7D
2.4%
1Y
-18.1%
DCII
Rp270,000.00
DCI Indonesia
7D
-3.4%
1Y
527.5%
RISE
Rp12,850.00
Jaya Sukses Makmur Sentosa
7D
76.0%
1Y
1,198.0%
SOHO
Rp2,040.00
Soho Global Health
7D
74.4%
1Y
195.7%
BRPT
Rp3,420.00
Barito Pacific
7D
-9.8%
1Y
242.0%
ASII
Rp6,325.00
Astra International
7D
5.4%
1Y
23.4%
BBCA
Rp8,275.00
Bank Central Asia
7D
-2.4%
1Y
-21.2%
CUAN
Rp2,000.00
Petrindo Jaya Kreasi
7D
-11.9%
1Y
176.8%
BREN
Rp8,900.00
Barito Renewables Energy
7D
-3.8%
1Y
30.9%
AMMN
Rp6,875.00
Amman Mineral Internasional
7D
-10.4%
1Y
-27.1%
CDIA
Rp1,740.00
Chandra Daya Investasi
7D
-7.4%
1Y
n/a