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Indonesian (IDX) Market Analysis & Valuation

UpdatedApr 04, 2026
DataAggregated Company Financials
Companies843
  • 7D-1.8%
  • 3M-23.4%
  • 1Y7.6%
  • YTD-23.2%

Over the last 7 days, the market has dropped 1.8%, driven by a loss of 10% in the Utilities sector. As for the longer term, the market has actually risen by 7.6% in the last year. Earnings are forecast to grow by 9.2% annually.

Trending IndustriesOil and GasSoftwareRenewable Energy

Market Valuation and Performance

Has the Indonesian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026Rp11969.9tRp5473.1tRp647.6t16.7x18.5x2.2x
Tue, 03 Mar 2026Rp14389.7tRp5324.8tRp625.7t18x23x2.7x
Thu, 29 Jan 2026Rp14680.0tRp5308.9tRp620.1t18.3x23.7x2.8x
Sat, 27 Dec 2025Rp15162.6tRp5316.7tRp621.8t18.1x24.4x2.9x
Mon, 24 Nov 2025Rp15003.3tRp5342.0tRp613.1t17.8x24.5x2.8x
Wed, 22 Oct 2025Rp14729.2tRp5264.0tRp628.4t17x23.4x2.8x
Fri, 19 Sep 2025Rp14106.4tRp5272.3tRp631.6t16.7x22.3x2.7x
Sun, 17 Aug 2025Rp13844.3tRp5214.0tRp638.3t15.4x21.7x2.7x
Tue, 15 Jul 2025Rp12106.9tRp5135.5tRp625.1t14.8x19.4x2.4x
Thu, 12 Jun 2025Rp12312.5tRp5135.3tRp626.5t15.5x19.7x2.4x
Sat, 10 May 2025Rp11629.8tRp5166.7tRp633.3t15.5x18.4x2.3x
Mon, 07 Apr 2025Rp10930.6tRp5159.6tRp632.9t14.3x17.3x2.1x
Wed, 05 Mar 2025Rp10813.0tRp5211.2tRp575.4t14.1x18.8x2.1x
Fri, 31 Jan 2025Rp12040.5tRp5160.6tRp577.1t15.2x20.9x2.3x
Sun, 29 Dec 2024Rp12028.7tRp5179.3tRp573.6t14.7x21x2.3x
Tue, 26 Nov 2024Rp12080.2tRp5060.7tRp545.4t14.8x22.2x2.4x
Thu, 24 Oct 2024Rp12816.1tRp4967.7tRp526.8t16.2x24.3x2.6x
Sat, 21 Sep 2024Rp13321.6tRp4942.5tRp524.2t15.8x25.4x2.7x
Mon, 19 Aug 2024Rp12393.1tRp4972.9tRp503.9t15.1x24.6x2.5x
Wed, 17 Jul 2024Rp12237.6tRp4961.1tRp495.6t14.8x24.7x2.5x
Fri, 14 Jun 2024Rp11513.2tRp4999.9tRp500.9t14.1x23x2.3x
Sun, 12 May 2024Rp11776.9tRp4993.6tRp511.2t14.8x23x2.4x
Tue, 09 Apr 2024Rp11692.0tRp4915.4tRp521.9t15.2x22.4x2.4x
Thu, 07 Mar 2024Rp11559.3tRp4896.4tRp592.7t14.4x19.5x2.4x
Sat, 03 Feb 2024Rp11275.2tRp4972.7tRp595.9t14.7x18.9x2.3x
Mon, 01 Jan 2024Rp11538.2tRp4923.7tRp583.5t15x19.8x2.3x
Wed, 29 Nov 2023Rp11004.4tRp4959.2tRp601.8t15x18.3x2.2x
Fri, 27 Oct 2023Rp10455.3tRp5011.8tRp612.1t15.3x17.1x2.1x
Sun, 24 Sep 2023Rp10259.7tRp4972.0tRp616.7t16.1x16.6x2.1x
Tue, 22 Aug 2023Rp9938.1tRp4992.9tRp628.6t16.2x15.8x2x
Thu, 20 Jul 2023Rp9739.9tRp4964.1tRp625.4t16.1x15.6x2x
Sat, 17 Jun 2023Rp9400.9tRp4902.6tRp603.6t15.7x15.6x1.9x
Mon, 15 May 2023Rp9388.8tRp4873.0tRp619.3t16.1x15.2x1.9x
Wed, 12 Apr 2023Rp9451.1tRp4769.3tRp604.5t14.5x15.6x2x
Price to Earnings Ratio

15.6x


Total Market Cap: Rp9451.1tTotal Earnings: Rp604.5tTotal Revenue: Rp4769.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 20.5x202420252026
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 18.3x which is lower than its 3-year average PE of 20.5x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have grown 2.7% 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-1.79%
Consumer Staples2.29%
Telecom0.65%
Consumer Discretionary0.56%
Tech0.20%
Healthcare0.12%
Real Estate-0.47%
Industrials-0.48%
Energy-1.68%
Financials-1.90%
Materials-3.11%
Utilities-10.20%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 125x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.9%, which is higher than its past year's earnings growth of 13.6% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 14.6x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 4.7% per year.
  • In contrast, the Materials sector is expected to see its earnings grow by 5.1% 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 SentosaRp70.38k12.2%
+Rp47.3t		65.2%PE111.1xEnergy
IMPC Impack Pratama IndustriRp2.24k20.4%
+Rp20.9t		636.8%PE198.2xMaterials
MSIN MNC Digital EntertainmentRp835.0060.6%
+Rp19.1t		49.1%PE52xTelecom
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.13k2.6%
+Rp7.9t		29.9%PE14.3xTelecom
MBMA Merdeka Battery MaterialsRp730.009.8%
+Rp7.0t		143.3%PE156.7xMaterials
See more

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CUAN
Rp1,045.00
Petrindo Jaya Kreasi
7D
-9.1%
1Y
62.0%
IMPC
Rp2,240.00
Impack Pratama Industri
7D
20.4%
1Y
636.8%
MSIN
Rp835.00
MNC Digital Entertainment
7D
60.6%
1Y
49.1%
MORA
Rp4,090.00
Mora Telematika Indonesia
7D
-11.1%
1Y
887.9%
TPIA
Rp4,170.00
Chandra Asri Pacific
7D
-17.0%
1Y
-42.1%
BBCA
Rp6,575.00
Bank Central Asia
7D
-1.9%
1Y
-22.6%
MBMA
Rp730.00
Merdeka Battery Materials
7D
9.8%
1Y
143.3%
BUMI
Rp228.00
Bumi Resources
7D
6.5%
1Y
145.2%
INDF
Rp6,625.00
Indofood Sukses Makmur
7D
10.9%
1Y
-6.7%
AMMN
Rp4,700.00
Amman Mineral Internasional
7D
-3.1%
1Y
-12.6%
DSSA
Rp70,375.00
Dian Swastatika Sentosa
7D
12.2%
1Y
65.2%
TLKM
Rp3,130.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
2.6%
1Y
29.9%

TLKM: NeutraDC Stake Review And Governance Moves Will Shape Fairly Valued Outlook

Analysts have made a small upward adjustment to their IDR price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR3,169.91 from IDR3,167.87, reflecting updated assumptions around revenue growth, profit margin, discount rate, and future P/E levels. What's in the News M&A discussions are underway as Telkom Indonesia considers selling a stake in its data center unit, NeutraDC.
BREN
Rp4,800.00
Barito Renewables Energy
7D
-13.1%
1Y
-12.7%
BBRI
Rp3,320.00
Bank Rakyat Indonesia (Persero)
7D
-2.9%
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.
BNLI
Rp2,890.00
Bank Permata
7D
7.0%
1Y
14.2%
BYAN
Rp10,650.00
Bayan Resources
7D
-13.6%
1Y
-46.8%