Indonesia Stock Market PE Ratio

The Indonesia Stock Market currently trades at a current P/E ratio of 13.01 as of October 24, 2025.

Over the past five years, the median P/E has been 12.69, putting today's valuation close to the median of that range. Looking at the longer 10-year period, where the median sits at 14.45, the current reading ranks in the 28.3th percentile - a level historically associated with Undervalued pricing. The 20-year median of 13.59 provides additional context, with the current ratio in the 37.9th percentile of that extended timeframe.

This analysis is based on the iShares MSCI Indonesia ETF (EIDO) which serves as the benchmark for the Indonesia market.

Since March 1996, the iShares MSCI Indonesia ETF has recorded a median P/E ratio of 12.82 over 30 years. Against this full historical backdrop, the current valuation sits close to the median of all recorded readings, indicating that the market is trading in line with its long-term median.

Historical P/E Comparison

The table below compares the current P/E Ratio (13.01) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	11.33	100	Expensive
5 Year	12.69	53.3	Fair Value
10 Year	14.45	28.3	Undervalued
20 Year	13.59	37.9	Undervalued
Since Mar 1996	12.82	52.2	Fair Value

Returns vs P/E Ratio

Over the past decade, the PE rose from 12.3 (53th percentile) to 13.01 (28.3th percentile). Annualized total return over this period was -1.7%. Percentile rank indicates position within the historical distribution. Lower valuations do not guarantee near-term gains; markets can stay discounted for long, though starting points are generally more supportive for long-horizon outcomes.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	12.96	50.3	-17.8%	-17.8%
3 Year	13.89	60.3	-22.3%	-8.1%
5 Year	16.27	93.9	-2.1%	-0.4%
10 Year	12.27	53	-16.2%	-1.7%

Historical Data (1996-2025)

Date	Current PE Ratio
Oct 2025	13.01
Sep 2025	12.10
Aug 2025	11.18
Jul 2025	10.88
Jun 2025	11.10
May 2025	11.89
Apr 2025	12.38
Mar 2025	9.52
Feb 2025	10.32
Jan 2025	11.48
Dec 2024	10.82
Nov 2024	12.35
Oct 2024	12.96
Sep 2024	12.42
Aug 2024	13.25
Jul 2024	12.01
Jun 2024	11.49
May 2024	11.32
Apr 2024	11.44
Mar 2024	12.12
Feb 2024	12.27
Jan 2024	11.86
Dec 2023	12.42
Nov 2023	11.33
Oct 2023	10.87
Sep 2023	11.74
Aug 2023	11.29
Jul 2023	11.07
Jun 2023	11.17
May 2023	10.89
Apr 2023	11.77
Mar 2023	11.67
Feb 2023	11.25
Jan 2023	13.25
Dec 2022	13.59
Nov 2022	13.59
Oct 2022	13.89
Sep 2022	14.17
Aug 2022	13.51
Jul 2022	13.51
Jun 2022	14.02
May 2022	14.50
Apr 2022	15.49
Mar 2022	15.91
Feb 2022	15.01
Jan 2022	15.07
Dec 2021	15.25
Nov 2021	15.09
Oct 2021	15.09
Sep 2021	14.53
Aug 2021	14.39
Jul 2021	15.01
Jun 2021	15.01
May 2021	14.93
Apr 2021	14.93
Mar 2021	15.43
Feb 2021	16.54
Jan 2021	17.27
Dec 2020	17.36
Nov 2020	16.34
Oct 2020	16.27
Sep 2020	14.59
Aug 2020	16.88
Jul 2020	15.96
Jun 2020	15.36
May 2020	14.24
Apr 2020	11.59
Mar 2020	9.40
Feb 2020	13.51
Jan 2020	15.53
Dec 2019	15.07
Nov 2019	14.46
Oct 2019	14.46
Sep 2019	14.81
Aug 2019	14.81
Jul 2019	15.19
Jun 2019	15.06
May 2019	13.92
Apr 2019	14.94
Mar 2019	14.94
Feb 2019	14.43
Jan 2019	14.43
Dec 2018	14.36
Nov 2018	13.74
Oct 2018	13.60
Sep 2018	13.60
Aug 2018	14.25
Jul 2018	13.96
Jun 2018	13.69
May 2018	14.09
Apr 2018	14.94
Mar 2018	15.45
Feb 2018	16.29
Jan 2018	16.43
Dec 2017	15.91
Nov 2017	15.90
Oct 2017	15.87
Sep 2017	15.87
Aug 2017	16.04
Jul 2017	16.04
Jun 2017	15.81
May 2017	15.81
Apr 2017	15.45
Mar 2017	15.45
Feb 2017	15.11
Jan 2017	15.11
Dec 2016	14.63
Nov 2016	16.19
Oct 2016	16.37
Sep 2016	16.78
Aug 2016	16.83
Jul 2016	15.99
Jun 2016	15.24
May 2016	14.70
Apr 2016	15.09
Mar 2016	15.04
Feb 2016	15.04
Jan 2016	14.28
Dec 2015	14.28
Nov 2015	13.88
Oct 2015	12.27
Sep 2015	12.11
Aug 2015	13.40
Jul 2015	13.40
Jun 2015	13.84
May 2015	14.63
Apr 2015	15.23
Mar 2015	15.32
Feb 2015	15.11
Jan 2015	14.68
Dec 2014	14.44
Nov 2014	13.98
Oct 2014	13.98
Sep 2014	14.40
Aug 2014	13.90
Jul 2014	13.90
Jun 2014	14.06
May 2014	14.06
Apr 2014	14.02
Mar 2014	14.02
Feb 2014	13.20
Jan 2014	12.75
Dec 2013	12.69
Nov 2013	13.20
Oct 2013	13.61
Sep 2013	12.96
Aug 2013	11.74
Jul 2013	13.08
Jun 2013	12.68
May 2013	15.11
Apr 2013	14.83
Mar 2013	14.83
Feb 2013	14.49
Jan 2013	13.96
Dec 2012	13.46
Nov 2012	13.67
Oct 2012	13.54
Sep 2012	13.12
Aug 2012	13.12
Jul 2012	12.65
Jun 2012	11.09
May 2012	12.74
Apr 2012	13.16
Mar 2012	12.63
Feb 2012	12.96
Jan 2012	12.79
Dec 2011	12.79
Nov 2011	12.32
Oct 2011	11.12
Sep 2011	10.82
Aug 2011	13.42
Jul 2011	14.11
Jun 2011	13.49
May 2011	13.68
Apr 2011	13.68
Mar 2011	13.14
Feb 2011	13.99
Jan 2011	13.99
Dec 2010	14.54
Nov 2010	14.66
Oct 2010	14.66
Sep 2010	14.08
Aug 2010	12.97
Jul 2010	13.19
Jun 2010	12.72
May 2010	11.61
Apr 2010	13.68
Mar 2010	12.74
Feb 2010	12.74
Jan 2010	14.16
Dec 2009	13.32
Nov 2009	13.32
Oct 2009	14.06
Sep 2009	14.29
Aug 2009	14.29
Jul 2009	12.56
Jun 2009	12.74
May 2009	11.76
Apr 2009	10.63
Mar 2009	9
Feb 2009	8.83
Jan 2009	8.83
Dec 2008	6.58
Nov 2008	5.65
Oct 2008	5.11
Sep 2008	8.36
Aug 2008	9.87
Jul 2008	10.90
Jun 2008	11.90
May 2008	12.88
Apr 2008	11.62
Mar 2008	13.55
Feb 2008	12.85
Jan 2008	13.14
Dec 2007	15.88
Nov 2007	16
Oct 2007	15.56
Sep 2007	13.27
Aug 2007	12.06
Jul 2007	14.23
Jun 2007	13.10
May 2007	12.86
Apr 2007	12.38
Mar 2007	12.31
Feb 2007	12.78
Jan 2007	13.30
Dec 2006	13.30
Nov 2006	12.70
Oct 2006	12.14
Sep 2006	11.68
Aug 2006	10.65
Jul 2006	10.10
Jun 2006	10.10
May 2006	12.57
Apr 2006	10.48
Mar 2006	10.48
Feb 2006	10.41
Jan 2006	10.10
Dec 2005	10.10
Nov 2005	10.10
Oct 2005	10.10
Sep 2005	10.10
Aug 2005	10.10
Jul 2005	10.10
Jun 2005	10.10
May 2005	10.10
Apr 2005	10.10
Mar 2005	10.10
Feb 2005	10.10
Jan 2005	9.59
Dec 2004	8.45
Nov 2004	9.10
Oct 2004	9.45
Sep 2004	9.45
Aug 2004	9.37
Jul 2004	9.37
Jun 2004	9.37
May 2004	9.82
Apr 2004	9.98
Mar 2004	9.52
Feb 2004	9.52
Jan 2004	9.40
Dec 2003	9.08
Nov 2003	8.55
Oct 2003	8.16
Sep 2003	8.16
Aug 2003	7.81
Jul 2003	7.81
Jun 2003	8.56
May 2003	8.33
Apr 2003	8.97
Mar 2003	8.97
Feb 2003	8.49
Jan 2003	7.98
Dec 2002	8.05
Nov 2002	7.63
Oct 2002	6.94
Sep 2002	6.52
Aug 2002	7
Jul 2002	6.45
Jun 2002	6.45
May 2002	6
Apr 2002	5.55
Mar 2002	5.55
Feb 2002	5.40
Jan 2002	5.40
Dec 2001	4.45
Nov 2001	5.36
Oct 2001	5.94
Sep 2001	6.39
Aug 2001	6.90
Jul 2001	7.79
Jun 2001	7.79
May 2001	6.99
Apr 2001	6.47
Mar 2001	6
Feb 2001	5.45
Jan 2001	4.93
Dec 2000	3.95
Nov 2000	3.95
Oct 2000	4.44
Sep 2000	4.71
Aug 2000	4.18
Jul 2000	4.18
Jun 2000	3.80
May 2000	4.12
Apr 2000	4.12
Mar 2000	4.66
Feb 2000	5.06
Jan 2000	5.44
Dec 1999	5.44
Nov 1999	5.85
Oct 1999	6.37
Sep 1999	6.87
Aug 1999	6.87
Jul 1999	7.01
Jun 1999	7.60
May 1999	8
Apr 1999	8.98
Mar 1999	9.81
Feb 1999	10.77
Jan 1999	11.15
Dec 1998	11.31
Nov 1998	12.02
Oct 1998	12.49
Sep 1998	14.05
Aug 1998	30.22
Jul 1998	34.49
Jun 1998	35.02
May 1998	33.91
Apr 1998	30.32
Mar 1998	26.56
Feb 1998	22.20
Jan 1998	18.36
Dec 1997	11.20
Nov 1997	9.61
Oct 1997	12.08
Sep 1997	24.59
Aug 1997	26.50
Jul 1997	20.40
Jun 1997	14.68
May 1997	13.75
Apr 1997	12.71
Mar 1997	9.10
Feb 1997	8.52
Jan 1997	9.29
Dec 1996	10.22
Nov 1996	11.77
Oct 1996	12.21
Sep 1996	13.69
Aug 1996	14.70
Jul 1996	14.96
Jun 1996	14.96
May 1996	15.46
Apr 1996	15.94
Mar 1996	17.43

Regional Peer Comparison

The table below shows a comparison of the current P/E Ratio (13.01) with regional peer markets.

Country	PE Ratio	Percentile Rank	Rating
China	14.52	92.50	Expensive
Japan	17.24	94.20	Expensive
India	22.67	39.20	Undervalued
South Korea	12.83	95	Expensive
Singapore	15.34	93.30	Expensive

Definition: Trailing P/E Ratio

The trailing P/E ratio for Indonesia Stock Market shows how much investors are paying for one unit of the index's past earnings.
It is calculated as : P/E = Index level / Aggregated EPS
Aggregated EPS means the index's total earnings per share after weighting each stock in the index (usually by its market capitalization): Aggregated EPS = sum(weight_i * EPS_i). For trailing P/E, the EPS_i values are the actual earnings from the past 12 months.