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Indonesian (IDX) Market Analysis & Valuation

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies842
  • 7D-1.6%
  • 3M-20.3%
  • 1Y10.7%
  • YTD-21.0%

Over the last 7 days, the market has dropped 1.6%, driven by a loss of 3.8% in the Financials sector. In contrast to the last week, the market is actually up 11% over the past year. As for the next few years, earnings are expected to grow by 8.9% 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
Fri, 03 Apr 2026Rp12316.0tRp5478.6tRp648.4t16.2x19x2.2x
Sun, 01 Mar 2026Rp14391.4tRp5405.0tRp624.8t17.9x23x2.7x
Tue, 27 Jan 2026Rp15867.8tRp5313.6tRp620.1t19.5x25.6x3x
Thu, 25 Dec 2025Rp15162.6tRp5315.6tRp621.6t18.1x24.4x2.9x
Sat, 22 Nov 2025Rp15003.3tRp5342.7tRp613.7t17.8x24.4x2.8x
Mon, 20 Oct 2025Rp14315.3tRp5262.7tRp628.3t16.3x22.8x2.7x
Wed, 17 Sep 2025Rp13969.4tRp5243.0tRp630.7t16.3x22.1x2.7x
Fri, 15 Aug 2025Rp13908.8tRp5206.9tRp658.3t15.4x21.1x2.7x
Sun, 13 Jul 2025Rp12064.3tRp5131.7tRp624.7t14.8x19.3x2.4x
Tue, 10 Jun 2025Rp12103.0tRp5135.7tRp626.5t15.4x19.3x2.4x
Thu, 08 May 2025Rp11791.9tRp5169.2tRp633.6t15.4x18.6x2.3x
Sat, 05 Apr 2025Rp10930.7tRp5161.6tRp633.0t14.3x17.3x2.1x
Mon, 03 Mar 2025Rp10700.6tRp5218.8tRp579.1t14.2x18.5x2.1x
Wed, 29 Jan 2025Rp12213.6tRp5154.2tRp576.3t15.2x21.2x2.4x
Fri, 27 Dec 2024Rp12058.0tRp5176.2tRp573.2t14.4x21x2.3x
Sun, 24 Nov 2024Rp11865.0tRp5060.9tRp545.4t14.7x21.8x2.3x
Tue, 22 Oct 2024Rp12814.5tRp4965.4tRp526.4t16.3x24.3x2.6x
Thu, 19 Sep 2024Rp13174.8tRp4957.1tRp505.8t16x26x2.7x
Sat, 17 Aug 2024Rp12376.3tRp4972.6tRp503.7t15.1x24.6x2.5x
Mon, 15 Jul 2024Rp12331.1tRp4958.7tRp495.4t14.8x24.9x2.5x
Wed, 12 Jun 2024Rp11483.0tRp5002.8tRp501.9t14.4x22.9x2.3x
Fri, 10 May 2024Rp11773.9tRp4994.8tRp510.4t15x23.1x2.4x
Sun, 07 Apr 2024Rp11692.0tRp4896.7tRp522.4t15.1x22.4x2.4x
Tue, 05 Mar 2024Rp11508.3tRp4905.2tRp598.0t14.5x19.2x2.3x
Thu, 01 Feb 2024Rp11285.7tRp4956.5tRp586.6t14.9x19.2x2.3x
Sat, 30 Dec 2023Rp11541.3tRp4924.3tRp583.5t15x19.8x2.3x
Mon, 27 Nov 2023Rp10937.7tRp4963.2tRp602.3t15.1x18.2x2.2x
Wed, 25 Oct 2023Rp10324.9tRp5004.9tRp611.8t15.2x16.9x2.1x
Fri, 22 Sep 2023Rp10221.1tRp4971.9tRp616.7t16x16.6x2.1x
Sun, 20 Aug 2023Rp9938.1tRp4992.6tRp628.5t16.1x15.8x2x
Tue, 18 Jul 2023Rp9776.8tRp4965.2tRp625.6t16x15.6x2x
Thu, 15 Jun 2023Rp9404.2tRp4897.2tRp603.0t15.7x15.6x1.9x
Sat, 13 May 2023Rp9444.4tRp4869.0tRp618.2t16x15.3x1.9x
Mon, 10 Apr 2023Rp9357.7tRp4774.8tRp604.1t14.3x15.5x2x
Price to Earnings Ratio

15.5x


Total Market Cap: Rp9357.7tTotal Earnings: Rp604.1tTotal Revenue: Rp4774.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 20.4x202420252026
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 20.4x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 2.4% per year over the last three years.
  • Revenues for these companies have grown 4.7% 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-1.59%
Consumer Staples2.09%
Tech1.70%
Healthcare1.49%
Consumer Discretionary-0.52%
Real Estate-0.65%
Materials-1.06%
Energy-1.36%
Telecom-1.75%
Industrials-2.18%
Financials-3.77%
Utilities-3.90%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 125x.
    • Analysts expect its future annual earnings growth (20.3%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.6x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 9.8% per year.
  • In contrast, the Materials sector is expected to see its earnings grow by 3.8% 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
DSSA Dian Swastatika SentosaRp70.38k11.4%
+Rp44.4t		65.2%PE111xEnergy
IMPC Impack Pratama IndustriRp2.24k20.4%
+Rp20.9t		636.8%PE204.2xMaterials
MSIN MNC Digital EntertainmentRp835.0060.6%
+Rp19.1t		49.1%PE111.6xTelecom
BNLI Bank PermataRp2.89k13.8%
+Rp12.7t		14.2%PB2.3xFinancials
SOHO Soho Global HealthRp2.06k26.8%
+Rp5.5t		224.4%PE43.6xHealthcare
See more

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MSIN
Rp835.00
MNC Digital Entertainment
7D
60.6%
1Y
49.1%
MORA
Rp4,090.00
Mora Telematika Indonesia
7D
-12.4%
1Y
887.9%
SOHO
Rp2,060.00
Soho Global Health
7D
26.8%
1Y
224.4%
ANTM
Rp3,640.00
Aneka Tambang
7D
6.1%
1Y
122.6%
TPIA
Rp4,170.00
Chandra Asri Pacific
7D
-15.6%
1Y
-42.1%
IMPC
Rp2,240.00
Impack Pratama Industri
7D
20.4%
1Y
636.8%
BBCA
Rp6,575.00
Bank Central Asia
7D
-4.4%
1Y
-22.6%
BUMI
Rp228.00
Bumi Resources
7D
6.5%
1Y
145.2%
INDF
Rp6,625.00
Indofood Sukses Makmur
7D
9.1%
1Y
-6.7%
AMMN
Rp4,700.00
Amman Mineral Internasional
7D
-4.1%
1Y
-12.6%
DSSA
Rp70,375.00
Dian Swastatika Sentosa
7D
11.4%
1Y
65.2%
BREN
Rp4,800.00
Barito Renewables Energy
7D
-13.5%
1Y
-12.7%
BBRI
Rp3,320.00
Bank Rakyat Indonesia (Persero)
7D
-4.9%
1Y
-18.0%

BBRI: Firmer Margins And Higher Required Returns Will Support Undervalued Outlook

Analysts have kept their IDR 5,400 price target for Bank Rakyat Indonesia (Persero) unchanged, citing updated assumptions that combine a higher discount rate and slightly higher future P/E with moderated revenue growth and firmer profit margin expectations. Valuation Changes Fair Value: IDR 5,400 unchanged, with the updated inputs still pointing to the same indicative value per share.
BMRI
Rp4,650.00
Bank Mandiri (Persero)
7D
-3.9%
1Y
-10.6%

BMRI: Share Buyback Plan Will Still Not Justify Rich P/E

Analysts have increased their fair value estimate for Bank Mandiri (Persero) from IDR 3,990 to IDR 4,037, reflecting updated assumptions on revenue growth, profit margins, and future P/E levels within their valuation models. What's in the News The Board of Directors of PT Bank Mandiri (Persero) Tbk authorized a share buyback plan on March 17, 2026, indicating an intention to repurchase the bank's own shares over a future period (Key Developments).
BNLI
Rp2,890.00
Bank Permata
7D
13.8%
1Y
14.2%
BYAN
Rp10,650.00
Bayan Resources
7D
-14.5%
1Y
-46.8%