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Indonesian (IDX) Market Analysis & Valuation
UpdatedMay 22, 2025
DataAggregated Company Financials
Companies844
- 7D2.3%
- 3M6.0%
- 1Y-2.1%
- YTD-1.4%
The market has climbed 2.3% in the last 7 days, lead by the Financials sector with a gain of 3.7%. On the other hand, with a decline of 4.8%, the Information Technology sector is lagging behind. In the last 12 months, the market has been flat. As for the next few years, earnings are expected to grow by 25% per annum.
Market Valuation and Performance
Has the Indonesian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 22 May 2025 | Rp12126.8t | Rp5147.5t | Rp630.7t | 15.4x | 19.2x | 2.4x |
| Sat, 19 Apr 2025 | Rp10910.8t | Rp5203.8t | Rp638.4t | 14.1x | 17.1x | 2.1x |
| Mon, 17 Mar 2025 | Rp11037.8t | Rp5142.0t | Rp634.2t | 14.1x | 17.4x | 2.1x |
| Wed, 12 Feb 2025 | Rp10953.3t | Rp5182.2t | Rp576.0t | 14.2x | 19x | 2.1x |
| Fri, 10 Jan 2025 | Rp12124.5t | Rp5185.2t | Rp574.2t | 14.7x | 21.1x | 2.3x |
| Sun, 08 Dec 2024 | Rp12435.4t | Rp5146.7t | Rp570.7t | 14.7x | 21.8x | 2.4x |
| Tue, 05 Nov 2024 | Rp12328.0t | Rp5045.6t | Rp544.3t | 15.2x | 22.6x | 2.4x |
| Thu, 03 Oct 2024 | Rp12583.4t | Rp4941.3t | Rp525.2t | 16x | 24x | 2.5x |
| Sat, 31 Aug 2024 | Rp12858.1t | Rp4966.4t | Rp503.6t | 15.6x | 25.5x | 2.6x |
| Mon, 29 Jul 2024 | Rp12212.1t | Rp4987.3t | Rp502.0t | 15.1x | 24.3x | 2.4x |
| Wed, 26 Jun 2024 | Rp11643.3t | Rp5007.3t | Rp501.8t | 13.8x | 23.2x | 2.3x |
| Fri, 24 May 2024 | Rp12232.6t | Rp4983.8t | Rp504.0t | 14.7x | 24.3x | 2.5x |
| Sun, 21 Apr 2024 | Rp11571.2t | Rp4965.2t | Rp524.2t | 15.1x | 22.1x | 2.3x |
| Tue, 19 Mar 2024 | Rp11499.8t | Rp4940.8t | Rp598.5t | 14.6x | 19.2x | 2.3x |
| Thu, 15 Feb 2024 | Rp11225.7t | Rp4915.7t | Rp596.1t | 15x | 18.8x | 2.3x |
| Sat, 13 Jan 2024 | Rp11213.2t | Rp4937.4t | Rp583.1t | 15.2x | 19.2x | 2.3x |
| Mon, 11 Dec 2023 | Rp11330.8t | Rp4935.9t | Rp584.1t | 14.7x | 19.4x | 2.3x |
| Wed, 08 Nov 2023 | Rp10527.3t | Rp4976.8t | Rp612.5t | 14.8x | 17.2x | 2.1x |
| Fri, 06 Oct 2023 | Rp10208.0t | Rp4990.5t | Rp615.9t | 15.6x | 16.6x | 2x |
| Sun, 03 Sep 2023 | Rp10152.1t | Rp4967.8t | Rp615.8t | 16.2x | 16.5x | 2x |
| Tue, 01 Aug 2023 | Rp9919.9t | Rp4979.0t | Rp628.7t | 16.4x | 15.8x | 2x |
| Thu, 29 Jun 2023 | Rp9354.8t | Rp4901.3t | Rp604.7t | 15.8x | 15.5x | 1.9x |
| Sat, 27 May 2023 | Rp9378.4t | Rp4892.2t | Rp605.9t | 16.2x | 15.5x | 1.9x |
| Mon, 24 Apr 2023 | Rp9568.0t | Rp4821.8t | Rp616.2t | 15.5x | 15.5x | 2x |
| Wed, 22 Mar 2023 | Rp8908.1t | Rp4675.5t | Rp656.5t | 14.2x | 13.6x | 1.9x |
| Fri, 17 Feb 2023 | Rp9321.4t | Rp4676.0t | Rp628.2t | 14.3x | 14.8x | 2x |
| Sun, 15 Jan 2023 | Rp8990.3t | Rp4630.8t | Rp621.8t | 14.1x | 14.5x | 1.9x |
| Tue, 13 Dec 2022 | Rp9096.8t | Rp4662.3t | Rp632.4t | 13.9x | 14.4x | 2x |
| Thu, 10 Nov 2022 | Rp9181.3t | Rp4557.3t | Rp609.7t | 14.9x | 15.1x | 2x |
| Sat, 08 Oct 2022 | Rp9136.1t | Rp4359.5t | Rp570.4t | 16.5x | 16x | 2.1x |
| Mon, 05 Sep 2022 | Rp9173.6t | Rp4260.9t | Rp551.5t | 16x | 16.6x | 2.2x |
| Wed, 03 Aug 2022 | Rp8976.7t | Rp4158.0t | Rp550.1t | 16x | 16.3x | 2.2x |
| Fri, 01 Jul 2022 | Rp8818.3t | Rp4059.3t | Rp521.5t | 16x | 16.9x | 2.2x |
| Sun, 29 May 2022 | Rp9100.0t | Rp3975.1t | Rp509.4t | 18.7x | 17.9x | 2.3x |
Price to Earnings Ratio
17.9x
Current Market PE
- Investors are relatively neutral on the Indonesian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 18.6x.
Past Earnings Growth
- The earnings for Indonesian listed companies have grown 7.4% per year over the last three years.
- Revenues for these companies have grown 9.0% 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 | 2.33% | |
| Utilities | 6.81% | |
| Financials | 3.71% | |
| Healthcare | 3.40% | |
| Materials | 2.66% | |
| Telecom | 2.35% | |
| Energy | 1.87% | |
| Consumer Staples | 0.97% | |
| Real Estate | -0.29% | |
| Industrials | -1.10% | |
| Consumer Discretionary | -2.92% | |
| Tech | -4.83% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 81.6x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 9.0% which is higher than its past year's earnings decline of 4.9% per year.
- The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 16.6x.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 65% over the next 5 years.
- This is better than its past earnings growth rate of 8.9% per year.
- In contrast, the Real Estate sector is expected to see its earnings decline by 3.2% 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 | |
|---|---|---|---|---|---|---|
| BBCA Bank Central Asia | Rp9.70k | 4.6% +Rp52.4t | 2.9% | PB4.9x | Financials | |
| BREN Barito Renewables Energy | Rp6.50k | 5.3% +Rp43.5t | -42.2% | PE416x | Utilities | |
| TPIA Chandra Asri Pacific | Rp9.50k | 5.0% +Rp38.9t | 4.7% | PS25.9x | Materials | |
| BMRI Bank Mandiri (Persero) | Rp5.45k | 7.9% +Rp37.3t | -9.9% | PB2x | Financials | |
| BBRI Bank Rakyat Indonesia (Persero) | Rp4.26k | 4.2% +Rp25.6t | -9.7% | PB2.1x | Financials |
