Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indonesian (IDX) Market Analysis & Valuation

UpdatedJul 14, 2026
DataAggregated Company Financials
Companies848
  • 7D1.4%
  • 3M-24.0%
  • 1Y-18.7%
  • YTD-35.7%

The market is up 1.4% over the last week, with the Financials sector leading the way, up 2.8%. Over the past year the market is down 19%. 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, 15 Jul 2026Rp10276.2tRp5752.6tRp687.0t14.3x15x1.8x
Fri, 12 Jun 2026Rp9912.1tRp5716.1tRp669.6t13.8x14.8x1.7x
Sun, 10 May 2026Rp11947.0tRp5630.4tRp666.6t16.9x17.9x2.1x
Tue, 07 Apr 2026Rp11860.1tRp5472.3tRp647.7t16.7x18.3x2.2x
Thu, 05 Mar 2026Rp13145.9tRp5331.1tRp625.0t17x21x2.5x
Sat, 31 Jan 2026Rp14625.2tRp5312.1tRp620.6t18.4x23.6x2.8x
Mon, 29 Dec 2025Rp15162.6tRp5317.5tRp621.9t18.1x24.4x2.9x
Wed, 26 Nov 2025Rp15178.7tRp5335.4tRp612.5t17.7x24.8x2.8x
Fri, 24 Oct 2025Rp14672.6tRp5268.4tRp629.0t17.3x23.3x2.8x
Sun, 21 Sep 2025Rp14193.9tRp5276.4tRp630.2t16.8x22.5x2.7x
Tue, 19 Aug 2025Rp13844.3tRp5214.0tRp638.3t15.3x21.7x2.7x
Thu, 17 Jul 2025Rp12273.4tRp5122.2tRp623.2t14.9x19.7x2.4x
Sat, 14 Jun 2025Rp12269.0tRp5135.5tRp626.9t15.4x19.6x2.4x
Mon, 12 May 2025Rp11612.1tRp5164.3tRp633.9t15.4x18.3x2.2x
Wed, 09 Apr 2025Rp10104.6tRp5177.2tRp634.8t13.6x15.9x2x
Fri, 07 Mar 2025Rp11203.4tRp5197.8tRp570.1t14.4x19.7x2.2x
Sun, 02 Feb 2025Rp12070.6tRp5163.8tRp577.5t15.1x20.9x2.3x
Tue, 31 Dec 2024Rp12070.6tRp5161.2tRp572.6t14.7x21.1x2.3x
Thu, 28 Nov 2024Rp11982.2tRp5064.8tRp545.8t14.6x22x2.4x
Sat, 26 Oct 2024Rp12695.8tRp4969.7tRp528.2t16.1x24x2.6x
Mon, 23 Sep 2024Rp12853.2tRp4945.5tRp524.4t15.8x24.5x2.6x
Wed, 21 Aug 2024Rp12580.6tRp4956.9tRp502.2t15.2x25.1x2.5x
Fri, 19 Jul 2024Rp11987.1tRp4961.8tRp494.3t15x24.2x2.4x
Sun, 16 Jun 2024Rp11357.6tRp5011.1tRp501.7t14.1x22.6x2.3x
Tue, 14 May 2024Rp11772.3tRp4993.7tRp509.4t14.5x23.1x2.4x
Thu, 11 Apr 2024Rp11692.2tRp4933.3tRp520.9t15.4x22.4x2.4x
Sat, 09 Mar 2024Rp11673.3tRp4888.1tRp591.5t14.4x19.7x2.4x
Mon, 05 Feb 2024Rp11336.3tRp4972.8tRp595.9t14.7x19x2.3x
Wed, 03 Jan 2024Rp11634.0tRp4929.1tRp584.2t15x19.9x2.4x
Fri, 01 Dec 2023Rp11055.5tRp4937.4tRp601.2t15.3x18.4x2.2x
Sun, 29 Oct 2023Rp10411.6tRp5007.8tRp615.2t15.2x16.9x2.1x
Tue, 26 Sep 2023Rp10259.7tRp4973.1tRp616.9t16.1x16.6x2.1x
Thu, 24 Aug 2023Rp10059.6tRp4990.8tRp627.5t16.1x16x2x
Sat, 22 Jul 2023Rp9778.0tRp4966.4tRp625.7t16.5x15.6x2x
Price to Earnings Ratio

15.6x


Total Market Cap: Rp9778.0tTotal Earnings: Rp625.7tTotal Revenue: Rp4966.4tTotal 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 15.0x which is lower than its 3-year average PE of 20.6x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 3.2% per year over the last three years.
  • Revenues for these companies have grown 5.0% 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 Market1.42%
Materials3.13%
Financials2.84%
Energy2.64%
Real Estate1.47%
Consumer Staples0.56%
Industrials0.12%
Tech0.08%
Healthcare-0.11%
Telecom-0.21%
Consumer Discretionary-0.29%
Utilities-2.75%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 135x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 18.3% which is higher than its past year's earnings decline of 1.6% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.1x.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 31% 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 7.7% 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
UNTR United TractorsRp27.50k14.6%
+Rp12.5t		21.7%PE8xEnergy
BRPT Barito PacificRp1.69k7.0%
+Rp10.3t		-16.7%PE15.5xMaterials
BRMS Bumi Resources MineralsRp575.0012.7%
+Rp9.2t		33.1%PE84.8xMaterials
VKTR VKTR Teknologi MobilitasRp725.0038.1%
+Rp8.8t		773.5%PS26.1xIndustrials
CASA Capital Financial IndonesiaRp1.97k8.9%
+Rp8.7t		97.5%PE854xFinancials
See more

Market Insights

Header cover image
No financial statement shows what a brand is 'worth' despite it being an incredibly valuable asset for some companies. In the volatile world of social media hypes and fads, it's worth understanding what makes a true enduring brand.
Continue reading
Q-Day: The risk the market forgot to reprice

Latest News

BRMS
Rp575.00
Bumi Resources Minerals
7D
12.7%
1Y
33.1%
BMRI
Rp4,160.00
Bank Mandiri (Persero)
7D
2.2%
1Y
-11.5%
Narrative Update • Jul 13

BMRI: Updated Assumptions And Lower Future P/E Will Likely Keep Shares Fairly Valued

Analysts have trimmed their fair value estimate for Bank Mandiri (Persero) to IDR 3,748 from IDR 3,877, citing updated assumptions for discount rate, revenue growth, profit margins, and future P/E levels. What’s in the News for Bank Mandiri (Persero) No recent news items were available from the provided sources for Bank Mandiri (Persero) as of 9 Jul 2026.
ENRG
Rp1,460.00
Energi Mega Persada
7D
28.1%
1Y
282.2%
TLKM
Rp2,560.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
3.2%
1Y
-3.0%
Narrative Update • Jul 07

TLKM: Share Buyback Will Support Returns Despite Lower Fair Value Estimate

Analysts have reduced their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR4,500 to IDR4,150, citing revised assumptions for revenue growth, profit margins, and future P/E that are slightly lower than previous estimates. What’s in the News for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced an annual dividend of IDR 223.1659 per share, payable on July 10, 2026, with an ex date of June 18, 2026 and a record date of June 19, 2026.
MORA
Rp6,525.00
Mora Telematika Indonesia
7D
-1.9%
1Y
1,515.1%
SMMA
Rp20,675.00
Sinar Mas Multiartha
7D
-4.1%
1Y
31.1%
BBRI
Rp2,800.00
Bank Rakyat Indonesia (Persero)
7D
-2.1%
1Y
-27.8%
Narrative Update • Jul 01

BBRI: Share Buyback And Higher Margins Will Support Stronger Earnings Outlook

Analysts have trimmed their price target for Bank Rakyat Indonesia (Persero) from IDR 4,066.90 to IDR 3,745.82, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News for Bank Rakyat Indonesia (Persero) PT Bank Rakyat Indonesia (Persero) Tbk announces a share repurchase program of up to IDR 500,000 million, to be funded using internal cash resources.
TCPI
Rp6,000.00
Transcoal Pacific
7D
-14.3%
1Y
9.1%
BRPT
Rp1,690.00
Barito Pacific
7D
7.0%
1Y
-16.7%
IMPC
Rp1,425.00
Impack Pratama Industri
7D
-6.3%
1Y
378.2%
BREN
Rp3,380.00
Barito Renewables Energy
7D
-1.2%
1Y
-56.4%
UNVR
Rp1,675.00
Unilever Indonesia
7D
-5.1%
1Y
6.7%
Narrative Update • Jun 13

Unilever Indonesia's Rising Earnings Will Lift Market Value

Navigasi Strategis UNVR: Memperkuat Fondasi Inti di Tengah Turbulensi Pasar Keputusan PT Unilever Indonesia Tbk (UNVR) untuk merestrukturisasi portofolio bisnisnya merupakan langkah defensif yang krusial sekaligus taktis. Di tengah kejenuhan pasar FMCG dan maraknya produk alternatif lokal yang lebih kompetitif secara harga, UNVR memilih melepaskan lini bisnis sekunder yang bermargin tipis demi mengamankan profitabilitas jangka panjang.
BBCA
Rp6,125.00
Bank Central Asia
7D
-2.8%
1Y
-28.4%
VKTR
Rp725.00
VKTR Teknologi Mobilitas
7D
38.1%
1Y
773.5%
CASA
Rp1,965.00
Capital Financial Indonesia
7D
8.9%
1Y
97.5%
UNTR
Rp27,500.00
United Tractors
7D
14.6%
1Y
21.7%