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Indonesian (IDX) Market Analysis & Valuation

UpdatedJul 25, 2026
DataAggregated Company Financials
Companies848
  • 7D1.0%
  • 3M-15.0%
  • 1Y-21.6%
  • YTD-33.6%

Over the last 7 days, the market has risen 1.0%, driven by gains in the Real Estate and Materials sectors of 9.5% and 2.7%, respectively. Over the past year the market is down 22%. As for the next few years, earnings are expected to grow by 15% 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
Sat, 25 Jul 2026Rp10603.2tRp5746.4tRp685.8t14.8x15.5x1.8x
Mon, 22 Jun 2026Rp10364.3tRp5715.3tRp680.8t14.4x15.2x1.8x
Wed, 20 May 2026Rp10713.4tRp5662.1tRp663.8t15.5x16.1x1.9x
Fri, 17 Apr 2026Rp13252.0tRp5482.3tRp641.2t17.8x20.7x2.4x
Sun, 15 Mar 2026Rp12319.5tRp5401.8tRp626.6t15.9x19.7x2.3x
Tue, 10 Feb 2026Rp14135.7tRp5313.9tRp620.8t17.8x22.8x2.7x
Thu, 08 Jan 2026Rp15879.4tRp5312.7tRp620.4t19.6x25.6x3x
Sat, 06 Dec 2025Rp15454.8tRp5314.0tRp616.4t18.2x25.1x2.9x
Mon, 03 Nov 2025Rp14500.6tRp5310.0tRp634.9t17.2x22.8x2.7x
Wed, 01 Oct 2025Rp14445.7tRp5270.2tRp629.7t16.9x22.9x2.7x
Fri, 29 Aug 2025Rp13984.2tRp5226.6tRp637.5t15.7x21.9x2.7x
Sun, 27 Jul 2025Rp13154.1tRp5139.9tRp625.7t15.1x21x2.6x
Tue, 24 Jun 2025Rp11812.6tRp5144.2tRp627.1t14.8x18.8x2.3x
Thu, 22 May 2025Rp12126.8tRp5147.5tRp630.7t15.4x19.2x2.4x
Sat, 19 Apr 2025Rp10910.8tRp5203.8tRp638.4t14.1x17.1x2.1x
Mon, 17 Mar 2025Rp11037.8tRp5142.0tRp634.2t14.1x17.4x2.1x
Wed, 12 Feb 2025Rp10953.3tRp5182.2tRp576.0t14.2x19x2.1x
Fri, 10 Jan 2025Rp12124.5tRp5185.2tRp574.2t14.7x21.1x2.3x
Sun, 08 Dec 2024Rp12435.4tRp5146.7tRp570.7t14.7x21.8x2.4x
Tue, 05 Nov 2024Rp12328.0tRp5045.6tRp544.3t15.2x22.6x2.4x
Thu, 03 Oct 2024Rp12583.4tRp4941.3tRp525.2t16x24x2.5x
Sat, 31 Aug 2024Rp12858.1tRp4966.4tRp503.6t15.6x25.5x2.6x
Mon, 29 Jul 2024Rp12212.1tRp4987.3tRp502.0t15.1x24.3x2.4x
Wed, 26 Jun 2024Rp11643.3tRp5007.3tRp501.8t13.8x23.2x2.3x
Fri, 24 May 2024Rp12232.6tRp4983.8tRp504.0t14.7x24.3x2.5x
Sun, 21 Apr 2024Rp11571.2tRp4965.2tRp524.2t15.1x22.1x2.3x
Tue, 19 Mar 2024Rp11499.8tRp4940.8tRp598.5t14.6x19.2x2.3x
Thu, 15 Feb 2024Rp11225.7tRp4915.7tRp596.1t15x18.8x2.3x
Sat, 13 Jan 2024Rp11213.2tRp4937.4tRp583.1t15.2x19.2x2.3x
Mon, 11 Dec 2023Rp11330.8tRp4935.9tRp584.1t14.7x19.4x2.3x
Wed, 08 Nov 2023Rp10527.3tRp4976.8tRp612.5t14.8x17.2x2.1x
Fri, 06 Oct 2023Rp10208.0tRp4990.5tRp615.9t15.6x16.6x2x
Sun, 03 Sep 2023Rp10152.1tRp4967.8tRp615.8t16.2x16.5x2x
Tue, 01 Aug 2023Rp9919.9tRp4979.0tRp628.7t16.4x15.8x2x
Price to Earnings Ratio

15.8x


Total Market Cap: Rp9919.9tTotal Earnings: Rp628.7tTotal Revenue: Rp4979.0tTotal 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 15.5x which is lower than its 3-year average PE of 20.6x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 2.9% 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 Market1.02%
Real Estate9.47%
Utilities4.48%
Tech3.86%
Consumer Staples2.88%
Materials2.69%
Energy2.62%
Industrials-0.044%
Telecom-0.25%
Consumer Discretionary-0.98%
Healthcare-1.28%
Financials-2.71%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 136x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 18.9%, which is higher than its past year's earnings growth of 0.1% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.0x.
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 7.7% 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
MPRO Maha Properti IndonesiaRp14.43k45.7%
+Rp45.0t		558.7%PS34381.2xReal Estate
MLPT Multipolar TechnologyRp1.78k52.3%
+Rp28.6t		39.0%PE275.6xTech
BREN Barito Renewables EnergyRp3.55k3.8%
+Rp17.4t		-53.6%PE187.6xUtilities
TPIA Chandra Asri PacificRp2.10k8.0%
+Rp13.4t		-77.2%PE8xMaterials
MORA Mora Telematika IndonesiaRp6.60k3.9%
+Rp11.9t		1,646.0%PE667xTelecom
See more

Market Insights

Header cover image
Healthcare just hit its lowest market weight since 1994. But dig deeper into the sector, and the collapse starts to look like a costume in some ways.
Continue reading
A brand’s strength doesn’t always last

Latest News

MSIN
Rp386.00
MNC Digital Entertainment
7D
-15.4%
1Y
-21.5%
DCII
Rp186,750.00
DCI Indonesia
7D
-1.7%
1Y
-46.1%
CDIA
Rp695.00
Chandra Daya Investasi
7D
11.2%
1Y
-58.3%
TPIA
Rp2,100.00
Chandra Asri Pacific
7D
8.0%
1Y
-77.2%
XSPI
Rp600.00
Dana Investasi Real Estat Simas Plaza Indonesia
7D
-20.0%
1Y
-26.1%
CUAN
Rp700.00
Petrindo Jaya Kreasi
7D
11.1%
1Y
-54.2%
DSSA
Rp870.00
Dian Swastatika Sentosa
7D
8.8%
1Y
-67.0%
MLPT
Rp1,780.00
Multipolar Technology
7D
52.3%
1Y
39.0%
BREN
Rp3,550.00
Barito Renewables Energy
7D
3.8%
1Y
-53.6%
BMRI
Rp4,130.00
Bank Mandiri (Persero)
7D
-7.8%
1Y
-11.9%
Narrative Update • Jul 13

BMRI: Updated Assumptions And Lower Future P/E Will Likely Keep Shares Fairly Valued

Analysts have trimmed their fair value estimate for Bank Mandiri (Persero) to IDR 3,748 from IDR 3,877, citing updated assumptions for discount rate, revenue growth, profit margins, and future P/E levels. What’s in the News for Bank Mandiri (Persero) No recent news items were available from the provided sources for Bank Mandiri (Persero) as of 9 Jul 2026.
MORA
Rp6,600.00
Mora Telematika Indonesia
7D
3.9%
1Y
1,646.0%
ASII
Rp4,980.00
Astra International
7D
-2.4%
1Y
-0.4%
FILM
Rp1,060.00
PT.MD Entertainment
7D
-29.6%
1Y
-35.2%
BBCA
Rp6,275.00
Bank Central Asia
7D
-3.1%
1Y
-25.7%
MPRO
Rp14,425.00
Maha Properti Indonesia
7D
45.7%
1Y
558.7%
UNTR
Rp25,500.00
United Tractors
7D
-4.0%
1Y
6.9%