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Indonesian (IDX) Market Analysis & Valuation

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies845
  • 7D-8.6%
  • 3M-29.0%
  • 1Y-24.4%
  • YTD-39.7%

Over the last 7 days, the market has dropped 8.6%, driven by declines in every sector, especially the Financials sector. As for last year, the market is also down 24%. As for the next few years, earnings are expected to grow by 15% 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
Sun, 07 Jun 2026Rp9447.8tRp5721.3tRp673.2t13.4x14x1.7x
Tue, 05 May 2026Rp12008.8tRp5591.5tRp657.1t17.4x18.3x2.1x
Thu, 02 Apr 2026Rp12316.0tRp5478.6tRp648.4t16.2x19x2.2x
Sat, 28 Feb 2026Rp14391.4tRp5406.5tRp624.9t17.9x23x2.7x
Mon, 26 Jan 2026Rp15810.5tRp5318.4tRp620.6t20x25.5x3x
Wed, 24 Dec 2025Rp15245.6tRp5319.2tRp622.0t18.3x24.5x2.9x
Fri, 21 Nov 2025Rp14993.4tRp5343.6tRp613.8t17.6x24.4x2.8x
Sun, 19 Oct 2025Rp14315.3tRp5262.7tRp628.3t16.3x22.8x2.7x
Tue, 16 Sep 2025Rp13896.7tRp5244.2tRp630.8t16.1x22x2.6x
Thu, 14 Aug 2025Rp13804.3tRp5208.5tRp656.9t15.2x21x2.7x
Sat, 12 Jul 2025Rp12055.7tRp5134.4tRp626.0t15x19.3x2.3x
Mon, 09 Jun 2025Rp12103.0tRp5135.1tRp626.5t15.4x19.3x2.4x
Wed, 07 May 2025Rp11749.5tRp5165.1tRp633.6t15.4x18.5x2.3x
Fri, 04 Apr 2025Rp10930.7tRp5161.7tRp632.8t14.3x17.3x2.1x
Sun, 02 Mar 2025Rp10700.8tRp5214.7tRp576.6t14.2x18.6x2.1x
Tue, 28 Jan 2025Rp12213.6tRp5153.4tRp577.0t15.2x21.2x2.4x
Thu, 26 Dec 2024Rp12058.0tRp5175.7tRp573.1t14.4x21x2.3x
Sat, 23 Nov 2024Rp11863.6tRp5061.8tRp545.1t14.7x21.8x2.3x
Mon, 21 Oct 2024Rp12806.2tRp4963.9tRp526.2t16.3x24.3x2.6x
Wed, 18 Sep 2024Rp13198.4tRp4956.8tRp505.9t15.7x26.1x2.7x
Fri, 16 Aug 2024Rp12375.8tRp4972.0tRp503.6t15x24.6x2.5x
Sun, 14 Jul 2024Rp12331.1tRp4958.7tRp495.4t14.8x24.9x2.5x
Tue, 11 Jun 2024Rp11363.9tRp5002.7tRp502.0t14.3x22.6x2.3x
Thu, 09 May 2024Rp11775.3tRp4994.7tRp510.8t15x23.1x2.4x
Sat, 06 Apr 2024Rp11691.1tRp4896.1tRp523.9t15x22.3x2.4x
Mon, 04 Mar 2024Rp11556.3tRp4903.2tRp597.6t14.6x19.3x2.4x
Wed, 31 Jan 2024Rp11275.8tRp4957.5tRp586.7t14.8x19.2x2.3x
Fri, 29 Dec 2023Rp11619.9tRp4925.3tRp583.7t14.9x19.9x2.4x
Sun, 26 Nov 2023Rp10937.8tRp4963.2tRp602.3t15.1x18.2x2.2x
Tue, 24 Oct 2023Rp10325.7tRp5009.4tRp612.5t15.1x16.9x2.1x
Thu, 21 Sep 2023Rp10194.8tRp4970.7tRp616.5t16.1x16.5x2.1x
Sat, 19 Aug 2023Rp9977.6tRp4995.3tRp628.9t16.3x15.9x2x
Mon, 17 Jul 2023Rp9784.0tRp4960.5tRp624.9t16x15.7x2x
Wed, 14 Jun 2023Rp9404.3tRp4896.5tRp603.0t15.7x15.6x1.9x
Price to Earnings Ratio

15.6x


Total Market Cap: Rp9404.3tTotal Earnings: Rp603.0tTotal Revenue: Rp4896.5tTotal 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 14.0x which is lower than its 3-year average PE of 20.6x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 3.7% 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-8.61%
Utilities-0.56%
Energy-4.16%
Consumer Discretionary-6.85%
Financials-8.03%
Tech-9.15%
Consumer Staples-9.80%
Telecom-9.86%
Healthcare-10.75%
Industrials-11.76%
Materials-11.87%
Real Estate-12.63%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 131x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 18.6% 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 6.7% 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
BREN Barito Renewables EnergyRp3.59k8.8%
+Rp38.8t		-43.5%PE188.9xUtilities
DSSA Dian Swastatika SentosaRp610.0024.0%
+Rp18.3t		-73.2%PE22.7xEnergy
SMMA Sinar Mas MultiarthaRp20.00k11.3%
+Rp12.9t		25.6%PE42.5xFinancials
MSIN MNC Digital EntertainmentRp540.0031.7%
+Rp7.9t		8.0%PE31.8xTelecom
CUAN Petrindo Jaya KreasiRp675.007.1%
+Rp5.1t		-43.0%PE30.4xEnergy
See more

Market Insights

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Latest News

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PANI
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BBRI
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1Y
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Narrative Update • Jun 03

BBRI: Higher Discount Rate And Margin Outlook Will Shape Future Returns

Analysts have trimmed their price target for Bank Rakyat Indonesia (Persero) from IDR 3,264 to IDR 3,000, citing updated assumptions that combine a higher discount rate with slightly lower revenue growth expectations, along with a modestly higher profit margin and a marginally lower future P/E estimate. What's in the News No recent news items, periodical coverage, or key developments were provided for Bank Rakyat Indonesia (Persero) in the supplied sources.
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DSSA
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Dian Swastatika Sentosa
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1Y
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TLKM: Share Buyback And Governance Delays Will Shape Fairly Valued Outlook

Analysts now see fair value for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia at about IDR 3,023.79 per share, down from roughly IDR 3,169.91, reflecting updated assumptions for slower revenue growth, slightly higher profit margins, and a modestly lower future P/E multiple. What's in the News Announced a share repurchase program to buy back up to 10% of issued share capital, with funding of IDR 1,000,000 million sourced from existing cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026 (Key Developments).
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Petrindo Jaya Kreasi
7D
7.1%
1Y
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BRPT
Rp1,480.00
Barito Pacific
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1Y
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SMMA
Rp20,000.00
Sinar Mas Multiartha
7D
11.3%
1Y
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MGLV
Rp8,200.00
Panca Anugrah Wisesa
7D
21.9%
1Y
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BREN
Rp3,590.00
Barito Renewables Energy
7D
8.8%
1Y
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BBCA
Rp5,075.00
Bank Central Asia
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MORA
Rp5,700.00
Mora Telematika Indonesia
7D
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1,231.8%
DCII
Rp180,250.00
DCI Indonesia
7D
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1Y
19.1%