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Indonesian (IDX) Market Analysis & Valuation

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies844
  • 7D-7.3%
  • 3M-24.5%
  • 1Y-23.7%
  • YTD-37.9%

Over the last 7 days, the market has dropped 7.3%, driven by declines in every sector, especially the Financials sector. As for last year, the market is also down 24%. 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
Wed, 10 Jun 2026Rp9730.4tRp5730.3tRp671.1t13.5x14.5x1.7x
Fri, 08 May 2026Rp12290.1tRp5630.6tRp666.5t17.3x18.4x2.2x
Sun, 05 Apr 2026Rp11969.9tRp5473.1tRp647.6t16.7x18.5x2.2x
Tue, 03 Mar 2026Rp14389.7tRp5324.8tRp625.7t18x23x2.7x
Thu, 29 Jan 2026Rp14680.0tRp5308.9tRp620.1t18.3x23.7x2.8x
Sat, 27 Dec 2025Rp15162.6tRp5316.7tRp621.8t18.1x24.4x2.9x
Mon, 24 Nov 2025Rp15003.3tRp5342.0tRp613.1t17.8x24.5x2.8x
Wed, 22 Oct 2025Rp14729.2tRp5264.0tRp628.4t17x23.4x2.8x
Fri, 19 Sep 2025Rp14106.4tRp5272.3tRp631.6t16.7x22.3x2.7x
Sun, 17 Aug 2025Rp13844.3tRp5214.0tRp638.3t15.4x21.7x2.7x
Tue, 15 Jul 2025Rp12106.9tRp5135.5tRp625.1t14.8x19.4x2.4x
Thu, 12 Jun 2025Rp12312.5tRp5135.3tRp626.5t15.5x19.7x2.4x
Sat, 10 May 2025Rp11629.8tRp5166.7tRp633.3t15.5x18.4x2.3x
Mon, 07 Apr 2025Rp10930.6tRp5159.6tRp632.9t14.3x17.3x2.1x
Wed, 05 Mar 2025Rp10813.0tRp5211.2tRp575.4t14.1x18.8x2.1x
Fri, 31 Jan 2025Rp12040.5tRp5160.6tRp577.1t15.2x20.9x2.3x
Sun, 29 Dec 2024Rp12028.7tRp5179.3tRp573.6t14.7x21x2.3x
Tue, 26 Nov 2024Rp12080.2tRp5060.7tRp545.4t14.8x22.2x2.4x
Thu, 24 Oct 2024Rp12816.1tRp4967.7tRp526.8t16.2x24.3x2.6x
Sat, 21 Sep 2024Rp13321.6tRp4942.5tRp524.2t15.8x25.4x2.7x
Mon, 19 Aug 2024Rp12393.1tRp4972.9tRp503.9t15.1x24.6x2.5x
Wed, 17 Jul 2024Rp12237.6tRp4961.1tRp495.6t14.8x24.7x2.5x
Fri, 14 Jun 2024Rp11513.2tRp4999.9tRp500.9t14.1x23x2.3x
Sun, 12 May 2024Rp11776.9tRp4993.6tRp511.2t14.8x23x2.4x
Tue, 09 Apr 2024Rp11692.0tRp4915.4tRp521.9t15.2x22.4x2.4x
Thu, 07 Mar 2024Rp11559.3tRp4896.4tRp592.7t14.4x19.5x2.4x
Sat, 03 Feb 2024Rp11275.2tRp4972.7tRp595.9t14.7x18.9x2.3x
Mon, 01 Jan 2024Rp11538.2tRp4923.7tRp583.5t15x19.8x2.3x
Wed, 29 Nov 2023Rp11004.4tRp4959.2tRp601.8t15x18.3x2.2x
Fri, 27 Oct 2023Rp10455.3tRp5011.8tRp612.1t15.3x17.1x2.1x
Sun, 24 Sep 2023Rp10259.7tRp4972.0tRp616.7t16.1x16.6x2.1x
Tue, 22 Aug 2023Rp9938.1tRp4992.9tRp628.6t16.2x15.8x2x
Thu, 20 Jul 2023Rp9739.9tRp4964.1tRp625.4t16.1x15.6x2x
Sat, 17 Jun 2023Rp9400.9tRp4902.6tRp603.6t15.7x15.6x1.9x
Price to Earnings Ratio

15.6x


Total Market Cap: Rp9400.9tTotal Earnings: Rp603.6tTotal Revenue: Rp4902.6tTotal 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 3.6% per year over the last three years.
  • Revenues for these companies have grown 5.3% 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-7.35%
Energy-3.23%
Utilities-5.16%
Financials-6.67%
Materials-7.57%
Telecom-8.09%
Consumer Discretionary-8.58%
Healthcare-8.60%
Consumer Staples-8.67%
Tech-9.82%
Industrials-9.82%
Real Estate-11.81%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 132x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.6% which is higher than its past year's earnings decline of 0.9% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.3x.
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
SMMA Sinar Mas MultiarthaRp21.50k19.6%
+Rp22.4t		35.4%PE45.6xFinancials
BMRI Bank Mandiri (Persero)Rp4.26k5.2%
+Rp19.6t		-18.1%PB1.3xFinancials
TPIA Chandra Asri PacificRp1.81k12.1%
+Rp16.9t		-82.3%PE6.9xMaterials
DSSA Dian Swastatika SentosaRp790.0014.5%
+Rp15.5t		-65.5%PE29.5xEnergy
BBCA Bank Central AsiaRp5.65k2.3%
+Rp15.4t		-37.6%PB2.7xFinancials
See more

Market Insights

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Latest News

BBCA
Rp5,150.00
Bank Central Asia
7D
-11.6%
1Y
-43.4%
CDIA
Rp695.00
Chandra Daya Investasi
7D
-20.1%
1Y
n/a
TLKM
Rp2,620.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-11.2%
1Y
-10.0%
Narrative Update • Jun 08

TLKM: Share Buyback Will Support Future Equity Value Unlock

Analysts have trimmed their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 3,887.27 to IDR 3,672.95, reflecting updated assumptions around slightly softer revenue growth, a modestly higher profit margin, and a lower future P/E multiple. What's in the News Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced a share repurchase program of up to 10% of issued share capital, with a maximum allocation of IDR 1,000,000 million funded from the company's cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026.
BBRI
Rp2,790.00
Bank Rakyat Indonesia (Persero)
7D
-8.2%
1Y
-32.8%
SMMA
Rp24,000.00
Sinar Mas Multiartha
7D
33.5%
1Y
50.7%
TPIA
Rp1,955.00
Chandra Asri Pacific
7D
2.9%
1Y
-81.4%
AMMN
Rp3,410.00
Amman Mineral Internasional
7D
-12.3%
1Y
-57.4%
DSSA
Rp675.00
Dian Swastatika Sentosa
7D
9.8%
1Y
-70.5%
TBIG
Rp1,525.00
Tower Bersama Infrastructure
7D
4.5%
1Y
-33.4%
ADMR
Rp1,585.00
Alamtri Minerals Indonesia
7D
9.3%
1Y
56.9%
MSIN
Rp570.00
MNC Digital Entertainment
7D
54.1%
1Y
9.6%
BRPT
Rp1,660.00
Barito Pacific
7D
-14.0%
1Y
10.3%
MGLV
Rp8,325.00
Panca Anugrah Wisesa
7D
12.9%
1Y
4,062.5%
DNET
Rp10,000.00
Indoritel Makmur Internasional
7D
1.0%
1Y
4.2%
MORA
Rp5,925.00
Mora Telematika Indonesia
7D
-13.5%
1Y
1,234.5%
DCII
Rp173,500.00
DCI Indonesia
7D
-8.7%
1Y
13.4%