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Indonesian (IDX) Market Analysis & Valuation

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies842
  • 7D-10.4%
  • 3M-4.0%
  • 1Y16.0%
  • YTD-8.4%

Over the last 7 days, the market has dropped 10%, driven by pullbacks in every sector, especially the Materials sector. In contrast to the last week, the market is actually up 16% over the past year. Looking forward, 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, 04 Feb 2026Rp14239.3tRp5310.0tRp620.5t18.1x22.9x2.7x
Fri, 02 Jan 2026Rp15400.2tRp5312.8tRp621.2t18.6x24.8x2.9x
Sun, 30 Nov 2025Rp15234.4tRp5314.3tRp615.6t18.1x24.7x2.9x
Tue, 28 Oct 2025Rp14460.7tRp5267.8tRp628.8t17.1x23x2.7x
Thu, 25 Sep 2025Rp14420.0tRp5281.2tRp630.9t16.8x22.9x2.7x
Sat, 23 Aug 2025Rp13780.3tRp5228.2tRp639.8t15.8x21.5x2.6x
Mon, 21 Jul 2025Rp12713.5tRp5138.6tRp625.5t15.1x20.3x2.5x
Wed, 18 Jun 2025Rp12228.9tRp5136.7tRp627.1t15.3x19.5x2.4x
Fri, 16 May 2025Rp11936.2tRp5179.6tRp630.0t15.2x18.9x2.3x
Sun, 13 Apr 2025Rp10500.6tRp5196.6tRp635.1t13.9x16.5x2x
Tue, 11 Mar 2025Rp11232.7tRp5136.7tRp551.7t14.3x20.4x2.2x
Thu, 06 Feb 2025Rp12032.5tRp5165.1tRp577.6t14.7x20.8x2.3x
Sat, 04 Jan 2025Rp12212.4tRp5176.1tRp573.3t14.7x21.3x2.4x
Mon, 02 Dec 2024Rp11765.3tRp5064.5tRp549.1t14.4x21.4x2.3x
Wed, 30 Oct 2024Rp12546.3tRp4984.1tRp530.8t15.9x23.6x2.5x
Fri, 27 Sep 2024Rp12750.8tRp4946.4tRp524.4t16x24.3x2.6x
Sun, 25 Aug 2024Rp12624.7tRp4968.5tRp503.1t15.2x25.1x2.5x
Tue, 23 Jul 2024Rp12218.1tRp4965.2tRp494.8t15.1x24.7x2.5x
Thu, 20 Jun 2024Rp11378.4tRp5004.9tRp501.6t13.8x22.7x2.3x
Sat, 18 May 2024Rp12174.8tRp4980.3tRp505.4t14.4x24.1x2.4x
Mon, 15 Apr 2024Rp11692.2tRp4932.7tRp520.1t15.3x22.5x2.4x
Wed, 13 Mar 2024Rp11673.2tRp4890.9tRp591.1t14.4x19.7x2.4x
Fri, 09 Feb 2024Rp11341.7tRp4918.4tRp596.9t14.8x19x2.3x
Sun, 07 Jan 2024Rp11643.9tRp4932.6tRp582.3t15x20x2.4x
Tue, 05 Dec 2023Rp10986.1tRp4915.1tRp586.4t15x18.7x2.2x
Thu, 02 Nov 2023Rp10429.5tRp5046.2tRp617.1t14.7x16.9x2.1x
Sat, 30 Sep 2023Rp10159.3tRp4979.9tRp617.7t16.1x16.4x2x
Mon, 28 Aug 2023Rp10034.4tRp4977.9tRp620.0t15.9x16.2x2x
Wed, 26 Jul 2023Rp9859.6tRp4968.7tRp626.2t16.4x15.7x2x
Fri, 23 Jun 2023Rp9390.1tRp4897.8tRp604.2t15.6x15.5x1.9x
Sun, 21 May 2023Rp9375.7tRp4890.8tRp604.7t16x15.5x1.9x
Tue, 18 Apr 2023Rp9433.2tRp4784.3tRp607.7t15x15.5x2x
Thu, 16 Mar 2023Rp9044.8tRp4747.8tRp626.0t14x14.4x1.9x
Sat, 11 Feb 2023Rp9316.3tRp4690.9tRp629.5t14.4x14.8x2x
Price to Earnings Ratio

14.8x


Total Market Cap: Rp9316.3tTotal Earnings: Rp629.5tTotal Revenue: Rp4690.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 20.1x202420252026
Current Market PE
  • Investors are optimistic on the Indonesian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 22.9x which is higher than its 3-year average PE of 20.1x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 4.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Indonesian Market?

ID Market-10.43%
Financials-1.58%
Healthcare-3.10%
Consumer Staples-5.04%
Tech-6.01%
Industrials-6.43%
Consumer Discretionary-7.06%
Energy-13.39%
Real Estate-13.48%
Utilities-14.14%
Materials-15.23%
Telecom-22.19%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 120x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.9%, which is higher than its past year's earnings growth of 7.0% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 14.8x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 8.4% 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
BBCA Bank Central AsiaRp7.80k11.0%
+Rp95.3t		-14.5%PB3.4xFinancials
BBRI Bank Rakyat Indonesia (Persero)Rp3.87k7.8%
+Rp42.2t		-6.5%PB1.8xFinancials
BMRI Bank Mandiri (Persero)Rp5.00k9.6%
+Rp41.1t		-9.5%PB1.7xFinancials
AMMN Amman Mineral InternasionalRp7.48k6.8%
+Rp34.4t		3.1%PS45.2xMaterials
DCII DCI IndonesiaRp219.28k7.0%
+Rp34.0t		385.1%PE446xTech
See more

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