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Indonesian (IDX) Market Analysis & Valuation

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies842
  • 7D-7.4%
  • 3M-27.8%
  • 1Y-15.5%
  • YTD-32.7%

Over the last 7 days, the market has dropped 7.4%, driven by a loss of 20% in the Materials sector. The market has dropped 15% in the last year. As for the next few years, earnings are expected to grow by 8.8% 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
Thu, 21 May 2026Rp10542.9tRp5657.9tRp663.5t15.3x15.9x1.9x
Sat, 18 Apr 2026Rp13302.3tRp5485.0tRp641.5t17.9x20.7x2.4x
Mon, 16 Mar 2026Rp12340.2tRp5409.6tRp633.7t15.9x19.5x2.3x
Wed, 11 Feb 2026Rp14320.2tRp5313.2tRp620.7t17.9x23.1x2.7x
Fri, 09 Jan 2026Rp15855.3tRp5316.1tRp620.6t19.3x25.5x3x
Sun, 07 Dec 2025Rp15457.6tRp5341.4tRp614.6t18.2x25.2x2.9x
Tue, 04 Nov 2025Rp14692.7tRp5304.8tRp628.8t17.3x23.4x2.8x
Thu, 02 Oct 2025Rp14417.6tRp5267.2tRp629.4t17.1x22.9x2.7x
Sat, 30 Aug 2025Rp13984.8tRp5237.4tRp638.7t15.8x21.9x2.7x
Mon, 28 Jul 2025Rp13154.1tRp5139.9tRp625.7t15.1x21x2.6x
Wed, 25 Jun 2025Rp11774.6tRp5134.6tRp626.2t14.9x18.8x2.3x
Fri, 23 May 2025Rp12150.7tRp5142.9tRp630.2t15.3x19.3x2.4x
Sun, 20 Apr 2025Rp10910.8tRp5203.7tRp639.5t14.1x17.1x2.1x
Tue, 18 Mar 2025Rp10920.4tRp5146.1tRp634.6t14.2x17.2x2.1x
Thu, 13 Feb 2025Rp11170.4tRp5221.9tRp574.2t14.3x19.5x2.1x
Sat, 11 Jan 2025Rp12195.5tRp5151.3tRp572.8t14.8x21.3x2.4x
Mon, 09 Dec 2024Rp12435.4tRp5146.7tRp570.7t14.7x21.8x2.4x
Wed, 06 Nov 2024Rp12297.2tRp5042.3tRp544.3t15.1x22.6x2.4x
Fri, 04 Oct 2024Rp12437.1tRp4959.2tRp526.1t15.8x23.6x2.5x
Sun, 01 Sep 2024Rp12958.7tRp4964.9tRp503.4t15.6x25.7x2.6x
Tue, 30 Jul 2024Rp12210.8tRp4986.6tRp501.9t14.9x24.3x2.4x
Thu, 27 Jun 2024Rp11658.6tRp5009.8tRp501.7t14.3x23.2x2.3x
Sat, 25 May 2024Rp12232.7tRp4984.0tRp504.3t14.7x24.3x2.5x
Mon, 22 Apr 2024Rp11571.3tRp4965.2tRp524.1t15.3x22.1x2.3x
Wed, 20 Mar 2024Rp11566.6tRp4942.4tRp598.8t14.7x19.3x2.3x
Fri, 16 Feb 2024Rp11373.2tRp4918.4tRp596.2t15x19.1x2.3x
Sun, 14 Jan 2024Rp11214.4tRp4937.2tRp583.1t15.2x19.2x2.3x
Tue, 12 Dec 2023Rp11243.1tRp4943.8tRp586.0t14.5x19.2x2.3x
Thu, 09 Nov 2023Rp10485.0tRp4972.6tRp609.9t14.7x17.2x2.1x
Sat, 07 Oct 2023Rp10016.0tRp4982.3tRp607.7t15.7x16.5x2x
Mon, 04 Sep 2023Rp10151.2tRp4967.8tRp615.8t16.2x16.5x2x
Wed, 02 Aug 2023Rp9880.0tRp4972.6tRp632.9t16.4x15.6x2x
Fri, 30 Jun 2023Rp9354.8tRp4911.2tRp607.1t15.8x15.4x1.9x
Sun, 28 May 2023Rp9365.9tRp4894.0tRp606.2t16.2x15.5x1.9x
Price to Earnings Ratio

15.5x


Total Market Cap: Rp9365.9tTotal Earnings: Rp606.2tTotal Revenue: Rp4894.0tTotal 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 15.9x which is lower than its 3-year average PE of 20.6x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 3.1% 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 Market-7.44%
Healthcare2.16%
Telecom-0.88%
Financials-2.06%
Industrials-3.95%
Consumer Staples-4.74%
Real Estate-5.58%
Consumer Discretionary-5.60%
Tech-5.87%
Energy-10.80%
Utilities-13.42%
Materials-19.78%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 130x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.3%, which is higher than its past year's earnings growth of 1.4% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.4x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Materials industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
SRAJ Sejahteraraya AnugrahjayaRp14.00k7.7%
+Rp12.2t		365.1%PS64.8xHealthcare
SMMA Sinar Mas MultiarthaRp18.20k7.2%
+Rp7.8t		15.2%PE38.6xFinancials
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.00k1.4%
+Rp4.0t		7.1%PE16.7xTelecom
BDMN Bank Danamon IndonesiaRp4.62k5.0%
+Rp2.2t		84.1%PB0.8xFinancials
MYOR Mayora IndahRp1.85k5.4%
+Rp2.1t		-18.1%PE13.1xConsumer Staples
See more

Market Insights

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Latest News

SMMA
Rp18,200.00
Sinar Mas Multiartha
7D
7.2%
1Y
15.2%
BRPT
Rp1,530.00
Barito Pacific
7D
-26.4%
1Y
41.7%
CDIA
Rp705.00
Chandra Daya Investasi
7D
-30.2%
1Y
n/a
BREN
Rp2,570.00
Barito Renewables Energy
7D
-19.7%
1Y
-60.5%
CUAN
Rp535.00
Petrindo Jaya Kreasi
7D
-37.1%
1Y
-51.8%
DSSA
Rp610.00
Dian Swastatika Sentosa
7D
-41.1%
1Y
-70.6%
BDMN
Rp4,620.00
Bank Danamon Indonesia
7D
5.0%
1Y
84.1%
TPIA
Rp2,270.00
Chandra Asri Pacific
7D
-47.2%
1Y
-76.2%
TLKM
Rp3,000.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
1.4%
1Y
7.1%
Narrative Update • May 08

TLKM: Share Buyback And Data Center Stake Sale Will Unlock Value

Analysts keep the fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia steady at IDR 4,500, with modest tweaks to revenue growth, profit margin, and future P/E assumptions shaping the updated price target narrative. What's in the News The company announced a share repurchase program to buy back up to 10% of its issued share capital, with a total allocation of IDR 1,000,000 million funded from existing cash, subject to shareholder approval at a General Meeting scheduled for June 8, 2026 (company announcement).
AMMN
Rp3,040.00
Amman Mineral Internasional
7D
-17.8%
1Y
-55.6%
AMRT
Rp1,440.00
Sumber Alfaria Trijaya
7D
1.8%
1Y
-44.6%
SRAJ
Rp13,600.00
Sejahteraraya Anugrahjaya
7D
4.6%
1Y
351.8%
CPIN
Rp4,270.00
Charoen Pokphand Indonesia
7D
2.6%
1Y
-12.5%
MYOR
Rp1,850.00
Mayora Indah
7D
5.4%
1Y
-18.1%
BTPN
Rp2,370.00
Bank SMBC Indonesia
7D
4.4%
1Y
6.8%
DCII
Rp190,000.00
DCI Indonesia
7D
-6.4%
1Y
24.5%