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

Indonesian (IDX) Market Analysis & Valuation

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies844
  • 7D0.04%
  • 3M7.5%
  • 1Y22.7%
  • YTD21.2%

The Healthcare sector gained 12% while the market remained flat over the last week. Meanwhile, the market is actually up 23% over the past year. As for the next few years, earnings are expected to grow by 11% 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
Tue, 18 Nov 2025Rp14942.2tRp5337.9tRp614.9t17.8x24.3x2.8x
Thu, 16 Oct 2025Rp14658.1tRp5264.2tRp628.4t16.7x23.3x2.8x
Sat, 13 Sep 2025Rp13545.4tRp5245.5tRp631.6t16.2x21.4x2.6x
Mon, 11 Aug 2025Rp13180.6tRp5218.4tRp658.6t14.9x20x2.5x
Wed, 09 Jul 2025Rp11879.3tRp5130.4tRp625.1t14.8x19x2.3x
Fri, 06 Jun 2025Rp12102.8tRp5136.8tRp627.3t15.4x19.3x2.4x
Sun, 04 May 2025Rp11585.3tRp5154.2tRp629.7t15.6x18.4x2.2x
Tue, 01 Apr 2025Rp10923.3tRp5151.4tRp639.3t13.9x17.1x2.1x
Thu, 27 Feb 2025Rp11242.8tRp5182.4tRp575.2t14.6x19.5x2.2x
Sat, 25 Jan 2025Rp12211.5tRp5161.2tRp575.3t15.2x21.2x2.4x
Mon, 23 Dec 2024Rp11956.7tRp5176.5tRp573.2t14.3x20.9x2.3x
Wed, 20 Nov 2024Rp11879.3tRp5057.1tRp544.1t14.7x21.8x2.3x
Fri, 18 Oct 2024Rp12760.3tRp4967.1tRp526.4t16.3x24.2x2.6x
Sun, 15 Sep 2024Rp13235.7tRp4962.1tRp506.4t15.7x26.1x2.7x
Tue, 13 Aug 2024Rp12217.1tRp4993.6tRp506.7t14.8x24.1x2.4x
Thu, 11 Jul 2024Rp12301.5tRp4965.8tRp496.0t15x24.8x2.5x
Sat, 08 Jun 2024Rp11545.2tRp4996.3tRp501.0t14.3x23x2.3x
Mon, 06 May 2024Rp11872.2tRp4989.3tRp511.1t14.9x23.2x2.4x
Wed, 03 Apr 2024Rp11499.7tRp4913.2tRp530.0t14.1x21.7x2.3x
Fri, 01 Mar 2024Rp11544.0tRp4913.5tRp597.6t14.6x19.3x2.3x
Sun, 28 Jan 2024Rp11213.8tRp4960.2tRp586.5t14.8x19.1x2.3x
Tue, 26 Dec 2023Rp11512.2tRp4929.8tRp584.3t14.8x19.7x2.3x
Thu, 23 Nov 2023Rp10892.4tRp4953.3tRp601.0t15x18.1x2.2x
Sat, 21 Oct 2023Rp10481.0tRp5000.5tRp610.3t15.4x17.2x2.1x
Mon, 18 Sep 2023Rp10208.9tRp4970.8tRp616.5t16.2x16.6x2.1x
Wed, 16 Aug 2023Rp9970.8tRp4994.4tRp625.1t16.3x16x2x
Fri, 14 Jul 2023Rp9703.1tRp4959.4tRp624.8t16x15.5x2x
Sun, 11 Jun 2023Rp9322.9tRp4895.4tRp605.0t15.5x15.4x1.9x
Tue, 09 May 2023Rp9495.8tRp4855.5tRp614.4t16x15.5x2x
Thu, 06 Apr 2023Rp9148.9tRp4817.2tRp620.4t14.3x14.7x1.9x
Sat, 04 Mar 2023Rp9272.3tRp4726.0tRp638.3t14.3x14.5x2x
Mon, 30 Jan 2023Rp9318.5tRp4626.8tRp621.5t14.3x15x2x
Wed, 28 Dec 2022Rp9409.2tRp4666.7tRp627.7t14.1x15x2x
Fri, 25 Nov 2022Rp9338.7tRp4618.9tRp622.4t14.6x15x2x
Price to Earnings Ratio

15x


Total Market Cap: Rp9338.7tTotal Earnings: Rp622.4tTotal Revenue: Rp4618.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Market Price to Earnings3Y Average 19.4x202320242025
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 24.3x which is higher than its 3-year average PE of 19.4x.
Past Earnings Growth
  • The earnings for Indonesian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 5.1% 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 Market0.044%
Healthcare11.71%
Telecom7.75%
Real Estate4.87%
Industrials0.90%
Tech0.15%
Consumer Staples-0.50%
Materials-0.64%
Consumer Discretionary-0.73%
Energy-1.54%
Financials-1.63%
Utilities-2.79%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 110x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 9.9%, which is higher than its past year's earnings growth of 7.0% per year.
  • The Industrials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 14% per year.
  • In contrast, the Industrials sector is expected to see its earnings grow by 5.8% 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
MORA Mora Telematika IndonesiaRp6.08k133.7%
+Rp82.2t		1,635.7%PE515.2xTelecom
DSSA Dian Swastatika SentosaRp97.20k10.5%
+Rp56.9t		165.2%PE166.2xEnergy
SRAJ Sejahteraraya AnugrahjayaRp14.00k19.9%
+Rp27.9t		330.8%PS50.9xHealthcare
BUMI Bumi ResourcesRp222.0048.0%
+Rp26.7t		45.1%PS3.3xEnergy
BRPT Barito PacificRp3.77k5.0%
+Rp16.9t		346.2%PE34.5xMaterials
See more

Market Insights

Header cover image
💸 The Return of Share Buybacks in Tech
Richard Bowman avatar
Richard Bowman
|
|
Some of the biggest names in tech are restarting their buyback programs. By the end of this piece, you’ll see: What’s really driving this new buyback cycle, which companies are using it to create genuine value, and when repurchases are smart capital allocation or financial sleight of hand.
Continue reading
⚠️ Default Distress: What Private Credit Troubles Could Mean for Regional Banks
Last Week

⚠️ Default Distress: What Private Credit Troubles Could Mean for Regional Banks

Latest News

BMRI
Rp4,820.00
Bank Mandiri (Persero)
7D
1.9%
1Y
-23.8%

BMRI: Government Liquidity Support Will Drive Improved Profit Outlook

Analysts have increased their price target for Bank Mandiri (Persero) from IDR 5,439 to IDR 5,467. They cite anticipated benefits from supportive government liquidity measures as the rationale for their updated outlook.
CUAN
Rp2,200.00
Petrindo Jaya Kreasi
7D
-3.5%
1Y
227.1%
TLKM
Rp3,610.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
4.9%
1Y
39.4%

TLKM: Upcoming Shareholder Meetings And Improved Margins Will Shape Outlook

Analysts have raised their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia by approximately Rp41 to Rp3,558, citing improved forecasts for revenue growth and profit margin in their updated assessment. What's in the News Special/Extraordinary Shareholders Meeting scheduled for December 12, 2025 (Key Developments) Special/Extraordinary Shareholders Meeting will be held on September 16, 2025, in Jakarta, Indonesia.
IMPC
Rp2,630.00
Impack Pratama Industri
7D
-6.7%
1Y
678.1%
AMMN
Rp6,300.00
Amman Mineral Internasional
7D
-11.0%
1Y
-33.9%
CDIA
Rp1,820.00
Chandra Daya Investasi
7D
-7.1%
1Y
n/a
BRPT
Rp3,770.00
Barito Pacific
7D
5.0%
1Y
346.2%
BUMI
Rp222.00
Bumi Resources
7D
48.0%
1Y
45.1%
SRAJ
Rp14,000.00
Sejahteraraya Anugrahjaya
7D
19.9%
1Y
330.8%
BREN
Rp9,725.00
Barito Renewables Energy
7D
-4.9%
1Y
45.7%
MORA
Rp6,075.00
Mora Telematika Indonesia
7D
133.7%
1Y
1,635.7%
BRMS
Rp930.00
Bumi Resources Minerals
7D
-4.6%
1Y
106.7%
DSSA
Rp97,200.00
Dian Swastatika Sentosa
7D
10.5%
1Y
165.2%
MDKA
Rp2,260.00
Merdeka Copper Gold
7D
-9.6%
1Y
12.4%
MBMA
Rp585.00
Merdeka Battery Materials
7D
-14.6%
1Y
17.0%
MPRO
Rp8,500.00
Maha Properti Indonesia
7D
21.4%
1Y
332.6%