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May 2026
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Largest Public Companies in Indonesia
Benchmark revenue and EBITDA valuation multiples for public comps like
Bank Central Asia, DCI Indonesia, Bank Rakyat Indonesia, Barito Renewables and Bank Mandiri.
 | PT Bank Central Asia Tbk is an Indonesia-based banking service provider operating as a Sharia bank. The bank provides various financial solutions to its customers through its inter-branch links, ATM network, and electronic banking services. It offers loans, deposit accounts, mutual fund investments, fixed income products, and credit facilities, among other banking products and services. Its segments are Loans, which derives maximum revenue, Treasury, and Others. The customer base mainly includes individuals, small and medium businesses, and corporations. Its business segment is classified into five geographic areas, which are Sumatera, Java, Kalimantan, East Indonesia, and overseas operations. | $0 | -42% | $39B | $38B | 5.7x | - | ||
| PT DCI Indonesia Tbk is a data center provider in Indonesia. It provides reliable, well networked, and well-managed cloud and carrier-neutral data center infrastructure services in Indonesia. The company operates in two segments: Colocation services and Others. The services offered by the company include Colocation, Cross Connect, Flexspace, Smarthands, CloudConnect, and DCI Internet Exchange. | $11 | +18% | $26B | $26B | 183.7x | 366.3x | ||
| PT Bank Rakyat Indonesia (Persero) Tbk operates in the banking sector. It provides and tailors banking services to micro, small, and medium enterprises. Its segments are Micro, Retail, Corporate, Others, and Subsidiaries. The company emphasizes integrating financial technology into its various platforms to create ease of access for its customer base. Its core business services include collecting customer deposits, loan disbursement, issuing promissory notes and loan agreements, and collateralizing assets. Its loan products include working capital loans for corporate and commercial customers, as well as mortgages for consumer customers. | $0 | -37% | $25B | $36B | 2.6x | - | ||
| PT Barito Renewables Energy Tbk, along with its subsidiaries, operates as a geothermal and wind energy power producer in Indonesia. Its project portfolio comprises Wayang Windu, Salak, Sidrap I, and Darajat. The company generates maximum revenue from the generation and sale of electricity in Indonesia. | $0 | -52% | $25B | $27B | 44.1x | 52.0x | ||
| PT Bank Mandiri (Persero) Tbk is a full-service bank principally operating in the Indonesian archipelago. The national government of Indonesia owns well over half of the bank's outstanding shares. Its various products and services includes deposit collection, loans, promissory note issuance, guarantee services, wholesale banking, custodian banking, asset and wealth management, factoring and credit card services, and Islamic banking. The bank emphasizes a cross-selling culture and increased regionalization, expertise-oriented solutions, and ease of access for its micro, small, and midsize enterprise customers. Its loan portfolio is diversified, mostly in industrials, restaurants and hospitality, and the transportation and storage industries. | $0 | -27% | $21B | $33B | 3.6x | - | ||
| PT Bayan Resources Tbk is a coal producer. The company integrates coal mining, processing, and logistics operations. The segments of the company include Coal and Non-coal. The company's majority of revenue is generated by the sale of the coal segment. Geographically, the company derives a majority of its revenue from South East Asia (Malaysia, Philippines, Singapore, Vietnam), and also has a presence in East Asia, Domestic, and South Asia. | $1 | -53% | $18B | $18B | 5.2x | 17.3x | ||
| PT Telkom Indonesia (Persero) Tbk is the integrated telecommunications provider in Indonesia. The company is focusing on dividing business into 3 Digital Business Domains namely, digital connectivity, digital platform, and digital services. It also provides a wide range of other communication services, including telephone network, interconnection services, multimedia, data and internet communication-related services, satellite transponder leasing, leased line, intelligent network and related services, cable television, and VoIP services. The group derives revenue from product lines: Mobile, Consumer, Enterprise, WIB and Others. | $0 | +2% | $17B | $18B | 2.2x | 4.4x | ||
| PT Amman Mineral Internasional Tbk is a copper-and-gold mining company in Indonesia, operating the Batu Hijau mine on the island of Sumbawa. It has only one operating segment, namely copper and gold mining and processing in Batu Hijau. | $0 | -55% | $13B | $19B | 10.3x | 20.5x | ||
| PT Astra International Tbk Indonesia-based conglomerate of companies operating in seven segments: Automotive, Financial Services, Energy (HEMCE), Agribusiness, Infrastructure and Logistics, Information Technology, and Property. It generates maximum revenue from Energy Segment. In automotive, Astra International offers car brands including Toyota, Daihatsu, Isuzu, BMW, Peugeot, UD Trucks, and Honda motorcycles. The company also offers car maintenance and services via its distribution network. Financial services support financing for Astra's other business segments. Heavy equipment and mining consist of three core activities: construction machinery, mining contracting, and coal mining. | $0 | -2% | $11B | $15B | 0.8x | 4.5x | ||
| PT Barito Pacific Tbk through its subsidiaries engaged in Forestry, Plantation, Mining, Property, Trading, Renewable Energy, and Transportation business. The company's segment includes Petrochemical, Building and hotel management, Energy and resources, and others. It produces and markets feedstocks, for the downstream plastics industry, and plantation commodities. The company derives majority of its revenue from the Petrochemical segment. The Group operates in Indonesia and Singapore. The Company's petrochemical complex provides integrated supporting facilities, including pipelines, power generators, boilers, water treatment plants, storage tanks, and jetties. | $0 | +46% | $10B | $15B | 2.0x | 6.5x | ||
| PT Sejahteraraya Anugrahjaya Tbk operates hospitals and offers health care services. It operates and offers medical centers, which include neuroscience, Uro-nephrology, obstetrics and gynecology, cardiovascular, orthopedic, pediatric, oncology, immunology, pulmonology, and internal medicine. The company's business segments are Inpatient, and outpatients for patients, of which prime revenue is derived from the Inpatient segment. Group is divided into four geographical areas: namely DKI Jakarta, Banten, West Java, and East Java. | $1 | +342% | $10B | $10B | 66.9x | 696.3x | ||
| PT Indoritel Makmur Internasional Tbk is an investment holding company. The company, through its subsidiaries, is engaged in providing infrastructure through fiber optic media and serving telecommunication services ranging from data communication to interactive video, managing SDWAN services, and a variety of other Internet of Things (IoT) derivatives. Its segments are the Corporate segment, the Retail segment, and Others. It generates the majority of revenue from the Corporate segment. The Corporate Business Segment provides fiber-optic-based telecommunications data connection service products for business customers, such as Last Mile Solution, Fiberization, IP Transit, IEPL, MPLS, and DWDM, to other telecommunications operators and international customers. | $1 | +5% | $9B | $9B | 94.9x | 63.5x | ||
| PT Chandra Asri Pacific Tbk produces petrochemicals. The company's reportable segments are: Olefin, Polyolefin, Styrene monomer, Butadiene, Methyl Tertiary Butyl Ether (MTBE) & Butene-1, Benzene, and Infrastructure. The majority of the company's revenue is generated from the Polyolefin segment, followed by the Olefins, which includes revenue generated from its products like ethylene, propylene, pyrolysis, gasoline, mixed C4, naphtha, polyethylene, and polypropylene. Geographically, the company operates in Indonesia and Singapore. | $0 | -82% | $9B | $11B | 1.6x | 6.4x | ||
| PT Bank Negara Indonesia (Persero) Tbk is an Indonesian state-owned bank, with the government holding just over half of the bank's outstanding shares. Its main banking activities include deposit-taking, providing credit, issuing debt instruments, money transfer services, secondary market services, wholesale banking, custody banking, capital investment, and other services. Its segments include Wholesale & International Banking, Institutional Banking, Enterprises & Commercial Banking, Retail Banking and Treasury. The company generates the majority of its revenue from the Wholesale & International Banking segment which includes loans, customer deposits, and other transactions belonging to corporate customers, both BUMN and private business entities. | $0 | -22% | $8B | $11B | 2.8x | - | ||
| PT Merdeka Gold Resources Tbk is currently carries out business activities as a holding company for a business group engaged in gold mining and related minerals, processing and other vertically integrated business activities. The Company Group's Pani Gold Project will be a multi-decade mine with a processing capacity of up to 19 million tonnes per year. Peak gold production is expected to reach 500,000 ounces per year, positioning the Pani Gold Project as one of the largest gold mines in Indonesia and the Asia Pacific region. | $0 | -- | $6B | $7B | 50724.7x | (572.2x) | ||
| PT Sinar Mas Multiartha Tbk provides an integrated and comprehensive range of financial services in Indonesia. The company is engaged in insurance underwriting, consumer financing, factoring of accounts, securities administration, securities brokerage, investment management, banking, development, Information technology, trading, and other related services. It is also involved in the auction house, property, health clinic, and workshop activities. | $1 | +8% | $6B | $6B | 4.4x | - | ||
| PT Bank Permata Tbk is a private bank engaged in offering financial products and services especially in the hand-delivery channel including Internet Banking and Mobile Banking. The bank focuses on Consumer banking, Corporate banking, Commercial banking and Others segments. | $0 | +22% | $6B | $7B | 9.7x | - | ||
| PT Chandra Daya Investasi Tbk is an infrastructure investment company. The Company invests in infrastructure businesses, including energy, water, ports and storage, and logistics. The Company Group operates through four main business pillars: Energy Pillar, Logistics Pillar, Port and Storage Pillar, and Pilar Air. Its reportable segments are Sales of electricity, Time charter vessel, Tank & jetty rental, and Other services. The company generates majority of its revenue from Sales of electricity segment. | $0 | -- | $6B | $6B | 37.2x | 34.1x | ||
| PT Indofood CBP Sukses Makmur Tbk is a consumer products company. The company has a range of product brands in diverse business segments such as noodles, dairy, food seasoning, snack foods, nutrition & special foods, and beverages. The also operate a packaging business that produces flexible and corrugated packaging for products. The noodles division offers halal-certified noodles, sauces, and instant seasoning; its main brands are Indomie, Supermi, Sarimi, and Sakura. | $0 | -38% | $5B | $5B | 1.2x | 5.3x | ||
| PT Dian Swastatika Sentosa Tbk is engaged in coal mining and trading. The company conducts its business activities through various segments such as the supply of steam and electricity, fertilizer and chemicals trading, rent, and coal mining and trading, which is also its key revenue-generating segment. Geographically, the company operates in Indonesia, China, India, Korea, and other regions. | $0 | -99% | $4B | $5B | 1.9x | 9.2x | ||
| PT Capital Financial Indonesia Tbk is engaged in providing investment and financial services. The reportable segments of the company are Management Consulting Services, Investment Manager, Life Insurance, Life Insurance Sharia, Venture, and Banks. | $0 | +40% | $4B | $4B | 12.4x | - | ||
| PT Unilever Indonesia Tbk is an Indonesian consumer goods company. The firm's offering is diverse, ranging from cosmetics and hygienic items (detergents, soaps, shampoos, skin care, toothpastes, and deodorants), to food and beverages (tea, coffee, and packaged foods). Its product portfolio contains household brands such as Sunlight, Sunsilk, Wall's, Blue Band, Pepsodent, Lux, Lifebuoy, Dove, Clear, Rexona, Vaseline, Rinso, Molto, Royco, and Bango. The segments of the company are: Home and Personal Care segment, which relates to the cleaning products which are used in the household and cosmetic products; and Foods and Refreshment segment, which relates to the food and beverage products including ice cream. It derives maximum revenue from Home and Personal Care segment. | $0 | -6% | $4B | $3B | 1.8x | 11.3x | ||
| PT Indofood Sukses Makmur Tbk is an Indonesian packaged food company. Its portfolio is diversified with operations in both raw materials and processed food. The company divides its operations into the consumer branded products business Group, Bogasari Business Group, Agribusiness Group, and Distribution Business Group. The consumer-branded products segment produces a varied range of consumer-branded products such as noodles, dairy, snack foods, special foods, food seasonings, and beverages. The agribusiness operations are research, development, production, and marketing of branded cooking oils, margarine, and shortening, processing rubber, sugar cane, and other crops. The Distribution segment distributes consumer products. | $0 | -16% | $3B | $4B | 0.6x | 2.7x | ||
| GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the on-demand service to account for the majority of revenue while its financial services begin to ramp. Prior to the deconsolidation, 82% of nonfinancial services gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy now, pay later programs. The company competes with Grab in the ride-hailing and delivery business. | $0 | -30% | $3B | $2B | 2.0x | 16.2x | ||
| PT XLSmart Telecom Sejahtera Tbk is an integrated telecommunications entity. Its brands are Prioritas, Axis, XLSmart, Smartfren, and Others. | $0 | +23% | $3B | $6B | 2.4x | 5.9x | ||
| PT Solusi Tunas Pratama Tbk is engaged in telecommunication infrastructure. The company operates and leases base transceiver station tower buildings or telecommunications towers, and other related telecommunication infrastructure. The segments of the company are Tower lease and Other services. The business activity of the group has functioned in the Indonesia region, and derives majority of its revenue from lease sources. The Group has one segment that is telecommunication tower rental. | $2 | -5% | $3B | $3B | 26.9x | 45.1x | ||
| Nanshan Aluminium International Holdings Ltd is an alumina manufacturer in Southeast Asia. Its focus has been tapping into Indonesia’s abundant bauxite and coal reserves, utilizing these resources to fuel its operations. The company's primary product, alumina, is produced under the AO-1 Grade requirement of GB/T 24487-2022 standard. | $4 | +32% | $3B | $2B | 2.1x | 4.3x | ||
| PT Sumber Alfaria Trijaya Tbk is engaged in the business of retail distribution of consumer products in Indonesia. It operates through the Food and Non-Food Products segments. It offers food and non-food products such as cigarettes, rice, cooking oil, sugar, milk, personal and household care products. The company generates maximum revenue from the food segment. Its geographical segments are Jabodetabek, Java (Excluding Jabodetabek), and Excluding Java. | $0 | -55% | $3B | $2B | 0.3x | 4.8x | ||
| Polibeli Group Ltd is engaged in goods trading and others to promote the circulation of goods with a focus on making trading easier. The products offered by the company include consumer electronic accessories, household appliances, skincare products, oral-care products, cosmetics products, toys and game products, and health-care products. Geographically, the company derives the majority of its revenue from Japan. | $7 | -- | $3B | $3B | 99.9x | (647.3x) | ||
| PT Global Digital Niaga Tbk is engaged in the business of Retail Trading and programming Activities, as well as Web Portals and/or Digital Platforms. Its segments are Online Retail (First party and Third party), Institution, and Physical store. | $0 | -21% | $3B | $3B | 2.2x | (34.4x) | ||
| PT Dayamitra Telekomunikasi Tbk is engaged in providing telecommunications infrastructure. The Group has two segments namely Telecommunication tower lease and Others. It derives maximum revenue from Telecommunication tower lease segment. | $0 | -18% | $2B | $3B | 6.0x | 7.3x | ||
| PT Indah Kiat Pulp & Paper Tbk manufactures paper, pulp, and packaging paper. The company's operating segment includes cultural paper and pulp and industrial paper and tissue products. Its cultural paper and pulp products segment consists of cultural paper and other related cultural paper products and pulp. The industrial paper products segment consists of linerboard, corrugating medium, corrugated shipping containers, and boxboard. Geographically, it derives a majority of its revenue from Asia and also has a presence in Europe, the Middle East, America, Africa, and Australia. The company generates maximum revenue from the cultural paper and pulp segment. | $0 | +14% | $2B | $4B | 1.1x | 4.0x | ||
| PT Mayora Indah Tbk makes biscuits, candy, wafers, chocolate, coffee, instant food, cereal, and beverages. The brands of the company include Kopiko, Roma, Energen, Torabika, and Beng Beng. The Company has two operating segments, namely the packaged processed food segment and the packaged processed beverage segment. The Firm generates the majority of its revenue from packaged food processing. Geographical segments of the company include Indonesia, Asia, and others. Food processing, coffee powder processing, instant coffee production, and coffee bean processing are all located in Jabodetabek. | $0 | -23% | $2B | $2B | 1.1x | 8.6x | ||
| PT Cisarua Mountain Dairy Tbk is a producer of premium dairy products and premium consumer foods in Indonesia. The company operates two segments; Dairy products segment and Consumer foods segment. The majority of revenue is generated from Dairy products segment. | $0 | -6% | $2B | $2B | 3.2x | 13.8x | ||
| PT Elang Mahkota Teknologi Tbk is an Indonesian integrated group engaged in services, trading, construction, and industry. The group is engaged in media, health, aviation support services, and other business segments through its investments in several subsidiaries. Media segment includes five Free-to-Air (FTA) television stations: SCTV, Indosiar, Mentari TV, Ajwa TV, and Moji; Health segment operates in the health sector by managing private hospitals, aviation support services, ground handling, cargo handling, aircraft dispatch, maintenance, catering, and flight training. The others include connectivity, provision of banking services, financial services, infrastructure technology, internet solutions, investment, and other initiatives. It derives maximum revenue from the Media segment. | $0 | +3% | $2B | $737M | 0.7x | 1.3x | ||
| PT Pertamina Geothermal Energy Tbk is engaged in geothermal activities, including in the upstream and or downstream sectors, in Indonesia and abroad, and other related or supporting business activities in the field of geothermal energy. The company's geographical segments include Kamojang, Lahendong, Ulubelu, Karaha, Lumut Balai, and Other segments. The company generates the majority of its revenue from the Kamojang region. | $0 | -37% | $2B | $2B | 4.7x | 6.1x | ||
| PT Kalbe Farma Tbk is a drug manufacturing company that focuses on prescription pharmaceuticals, over-the-counter drugs, energy drinks, and nutrition products. The company operates four segments: prescription pharmaceuticals, consumer health, Nutritionals, and distribution and logistics. The majority of the company's gross profits are derived from the distribution and logistics segments. The company operates in Indonesia but has operations across various ASEAN countries, Nigeria, and South Africa. | $0 | -52% | $2B | $2B | 0.8x | 5.5x | ||
| PT Tower Bersama Infrastructure Tbk is a provider of coverage solutions. The firm's primary business is leasing space for antennas and other equipment for wireless signal transmission to telecommunication operators. The Company also provides telecommunications operators with access to its Distributed Antenna System networks in shopping malls and office buildings. A majority of the firm's revenue is generated from Indonesia. The company's operating segments include Tower, Repeater, Building, and Fiber Optic. The company generates the majority of its revenue from the Tower segment. | $0 | -34% | $2B | $4B | 8.7x | 10.2x | ||
| PT Gudang Garam Tbk manufactures kretek cigarettes, which are clove cigarettes common in Indonesia. The firm's operations are almost entirely domestic, with its tobacco and clove farmers. Nearly majority of the company's sales are generated in Indonesia. The company's brand families include Gudang Garam, Merah, and others. Other brands include Sriwedari, which is a hand-rolled brand, and Klobot. The company's segment includes Cigarettes, Paperboard, Infrastructure, and Others. The company generates the majority of its revenue from sale of Cigarettes. | $1 | +62% | $2B | $2B | 0.3x | 5.1x | ||
| PT Siloam International Hospitals Tbk operates a network of hospitals in Indonesia. The company manages and operates multiple hospitals in Jadebotabek. Siloam Hospitals makes investments in both technology and medical staff to offer various medical services. The company also manages Centers of Excellence that address medical cases requiring complex treatment. The company derives its revenue from inpatient and outpatient services. Inpatient services derive revenue from medical support and medical specialist services, drugs and medical supplies, and inpatient rooms. Outpatient services derive revenue from delivery of medical support and medical specialist services, drugs and medical supplies, and hospital facilities. Inpatient services are responsible for a majority of the company's revenue. | $0 | -6% | $2B | $2B | 2.4x | 9.9x | ||
| PT Medco Energi Internasional Tbk is a Southeast Asian energy and natural resources company. It explores for and produces oil & gas predominantly in Indonesia and is expanding its presence in Southeast Asia. The company operates gas, PV, geothermal, and hydropower plants in Indonesia through its subsidiary and through a non-consolidated interest in Amman Mineral Nusa Tenggara operates an Indonesian copper and gold mine. The company's operating segments include the Exploration and production of oil and gas which generates key revenue, Services, Power, Chemicals, Trading, and Holding and related operations. Geographically, the company generates a majority of its revenue from Indonesia and the rest from the United States of America and Europe, Asia, Africa, and the Middle East. | $0 | -7% | $2B | $5B | 2.0x | 4.1x | ||
| PT Bank OCBC Nisp Tbk is an Indonesia-based company engaged in the banking sector. Its segments include Business Banking: Includes loans, deposits and other transactions and balances with corporate customers, Consumer Banking: Includes loans, deposits and other transactions and balances with individual customers, Global Markets: Includes Treasury products, advisory services, and balance sheet management, and Others: Includes ALCO book and head office.. The company generates maximum revenue from business banking segment. Its Business banking segment includes loans, deposits and other transactions and balances with corporate customers. | $0 | -- | $2B | $2B | 2.4x | - | ||
| PT Super Bank Indonesia Tbk is a bank in Indonesia that provides digital banking services. It offers digital solutions for a range of customer segments, including underbanked and unbanked communities and micro, small, and medium enterprises (MSMEs). The company offers a variety of digital banking solutions through the Superbank, Grab, and OVO applications, including savings accounts, digital loans, and easy-to-use payment solutions. | $0 | -- | $2B | $2B | 17.7x | - | ||
| PT MNC Digital Entertainment Tbk is a content provider in Indonesia, has its core business in producing, developing, and distributing content and intellectual properties across all existing media platforms. The company's main business is supported by its various business units engaged in media and entertainment activities, such as drama production houses, infotainment, reality shows, game shows, animation, films, original content, music labels, advertising agencies, content & IP licensing, talent management, social media, including multi-channel networks (MCN), OTT superapps, and online portals. The company's operating segments include Digital, Content and IP, Talent, and Subscription. The company generates maximum revenue from the Content and IP, Talent segment. | $0 | -27% | $1B | $1B | 6.4x | 18.4x | ||
| PT Mitra Adiperkasa Tbk is a departmental store operator in Indonesia. Its portfolio of services comprises sports equipment, fashion, food and beverages, and lifestyle stores managed by over 100 brands like Zara, Lacoste, Adidas, Nike, Starbucks, Domino's Pizza, Galeries, Lafayette, and more. It operates in the following segments: Retail sales; Department stores; Cafe & restaurant; and Others. The majority of its revenue is derived from the Retail sales segment. Its geographical segments include Indonesia, Vietnam, the Philippines, Thailand, and Others. | $0 | +10% | $1B | $1B | 0.6x | 3.6x | ||
| PT MD Entertainment Tbk is an entertainment company whose business activities include manufacturing and producing films and videos, conducting film and video trading, distributing film and video to production houses, agents, distributors, and suppliers, and becoming a supplier of films and videos from other companies. The company's primary business segments are Film, Rent, and Broadcasting. A majority of its revenue is generated from the Film segment, which operates as a production house and produces theatrical films, DOTT films, and series of different genres. Geographically, all of the company's business activities are carried out in Indonesia. | $0 | -12% | $1B | $1B | 47.5x | (102.6x) | ||
| PT Mitra Keluarga Karyasehat Tbk is a medical care company that owns and operates hospitals under the name Mitra Keluarga. The firm has one business segment: Healthcare Facilities & Services, which operates multispecialty hospitals. These hospitals have a variety of services, which include laboratory, emergency room, pharmacy, radiology, and intensive-care units. It also has interests in general surgery, cardiovascular, orthopedics, neurosurgery, urology, and pediatrics, among many others. Its revenue is contributed by two business segments, namely the Outpatient and Inpatient segments. It generates the maximum of its revenue from Inpatient segment. | $0 | -43% | $1B | $1B | 3.5x | 9.2x | ||
| PT Daya Intiguna Yasa Tbk is engaged in the retail trade of household appliances and furniture, hardware, stationery and sports, jewelry and cosmetics, toys, and others (including car accessories, electronic products, gifts, computer and mobile phone accessories, and food and beverages). The Company has three divisions: Importer division is involved in purchasing goods or retail commodities from overseas into the country; Distribution division is involved in the distribution of goods or retail commodities on a large-scale in strategic locations; and Retail division is involved with retail trade which includes household appliances, furniture, stationaries, electronics, sports equipments, etc. under the MR DIY trademark and stores. | $0 | -49% | $1B | $1B | 2.8x | 9.1x | ||
| PT Sarana Menara Nusantara Tbk is an investment company. The company's main business focus is to invest in companies engaged in operating telecommunication tower locations for lease to wireless communication companies. The business segments of the company include Tower lease and Other services (VSAT service, and Wireline). The majority of the company's revenue is generated from the Tower Lease segment. | $0 | -38% | $1B | $4B | 4.8x | 5.9x | ||
| PT Jasa Marga (Persero) Tbk is an industrial company that constructs and operates toll roads. The company organizes operations into five segments: toll road business, operations, maintenance, Related business, and others. The toll business segment, which contributes the vast majority of revenue, works on increasing ownership of the company's toll road assets. The operating segment is engaged in operating toll roads, while the maintenance segment provides toll road maintenance services. The other business segment operates fuel stations, leases and sells property assets, and earns advertising revenue. | $0 | -25% | $1B | $5B | 3.1x | 6.7x | ||
| PT Bangun Kosambi Sukses Tbk is engaged in the field of housing development. Its services include includes the purchase, sale, rental and operation of real estate, both owned and rented, such as apartment buildings, residential buildings and non-residential buildings (such as storage facilities/warehouses, malls, shopping centers and others) as well as the provision of houses and flats or apartments with or without furniture for permanent use, either monthly or annually. It also includes land sales activities, building development for self-operation (for renting spaces in the building), dividing real estate into land plots without land development and operating residential areas for movable houses. | $0 | -42% | $1B | $1B | 7.7x | 12.4x | ||
| PT Garuda Indonesia (Persero) Tbk provides airline services in Indonesia and internationally. It operates through Flight Operations, Aircraft Maintenance, and Other segments. It provides scheduled and non-scheduled airline services for domestic and international markets; and aircraft repair, maintenance, and overhaul services. The company also offers computerized reservation system (CRS); training facilities for the employees of travel agencies; technical assistance in the CRS for travel agents, as well as rents computer equipment for travel agents. | $0 | +169% | $1B | $4B | 1.2x | 20.3x | ||
| PT MAP Aktif Adiperkasa Tbk is a sports goods retailer that engages in wholesale and retail across three main business lines: Sports, Leisure, and Kids. It offers products like apparel, footwear, sports equipment, accessories, toys, and school supplies etc., through multi-brand retail networks like Kidz Station, Payless ShoeSource, Linea, Sports Station, as well as multiple mono-brand stores. The company's operating segments consist of the Retail sales and Non-Retail sales. A majority of its revenue is generated from the Retail sales segment. Geographically, the company generates maximum revenue from Indonesia, followed by Philippines, Thailand, Singapore, Malaysia, Vietnam, and Cambodia. | $0 | -14% | $1B | $1B | 0.9x | 4.8x | ||
| PT Pabrik Kertas Tjiwi Kimia Tbk is engaged in paper and stationery manufacturing, with its main products such as printed paper, coated paper, and carbonless. The company also produces a wide range of converted stationery and office products such as woodfree, art board, baking paper, brown kraft, kraft paper, and others. It operates in two business segments: Cultural paper products, and Industrial paper products and others. The Cultural paper products segment consists of printing and writing paper and related paper products; the Industrial paper segment consists of fluting medium paper and carton boxes; The other product segment includes the sale of the chemical by-product. The majority of the revenue is being made from Cultural paper products segment. | $0 | -12% | $974M | $1B | 1.5x | 4.4x | ||
| PT Bank Jago Tbk is an Indonesia-based banking company. It offers various banking products and services that are categorized into funding and lending activities, along with other supporting banking services. Its funding activities are Saving & Spending Pockets, Locked Pockets, Shared Pockets, Giveaway pockets, and others. Its Lending activities are a technology-based bank that serves the small and medium enterprises segment, Retail segment, and mass market segment. Its operating segments are Outside Jakarta and DKI Jakarta. | $0 | -39% | $918M | $1B | 5.9x | - | ||
| PT Medikaloka Hermina Tbk is a private hospital group. It provides a range of medical services, including maternal and child health services, complex operating procedures, laboratory services, radiology facilities, and fertility treatments as well as general health services, pharmacies, diagnostic and emergency services. The company's geographical segment includes Kalimantan dan Sulawesi, Jawa, and Sumatera. It derives its maximum revenue from the Jawa segment. | $0 | -42% | $813M | $961M | 2.3x | 8.8x | ||
| PT Surya Citra Media Tbk is a holdings company that provides multimedia services, the television broadcasting industry. The company operates as a free-to-air television broadcasting station. The majority of the company's revenue comes from Indonesia. The company operates numerous channels that display content throughout Indonesia. The company produces its own content for both television and feature films through its subsidiary PT Screenplay Produksi and provides mass media consultation services. | $0 | +33% | $806M | $692M | 1.8x | 9.8x | ||
| PT Indokripto Koin Semesta Tbk is a holding company that invests in Subsidiaries engaged in the Futures Exchange and Crypto Asset Exchange. In addition, the Company also provides management consulting services to Subsidiaries such as business planning, business and investment strategies, company operational management and corporate financial consulting. | $0 | -- | $669M | $650M | 40.7x | 82.1x | ||
| PT Inti Bangun Sejahtera Tbk is engaged in providing telecommunication services. The company's operating segment includes Telecommunication towers, buildings, tools and machineries, and network equipment. The company generates maximum revenue from the Telecommunication tower. | $0 | +47% | $643M | $701M | 14.3x | 19.5x | ||
| PT Industri Jamu dan Farmasi Sido Muncul Tbk is biotechnology company that provides herbal medicine and pharmaceutical products. The company has three business segments, Herbal Medicine and supplement, Food and Beverage, and Pharmacy. The Herbal Medicine segment provides herbal supplements, while its Food and Beverage segment sells packaged foods, soft drinks, and candy and confectionary products. The Pharmacy segment sells pharmaceutical products such as Anacetine, a fever reducer, Berlosid, a medicine to reduce gastric pain, and Combicitrine, a medicine for bacterial removal. The company generates the majority of its revenue in Indonesia. | $0 | -29% | $634M | $591M | 2.4x | 6.0x | ||
| PT Bukalapak.com Tbk engages mainly in activities related to web portals, holding activities, and other management consulting activities. The company operates an all-commerce platform in Indonesia that caters to both Micro Small and Medium Enterprises (MSMEs) and consumers. Its business lines include marketplace, offline to online, business-to-business (b2b), financial services, logistics, and many others, with the focus on serving merchants and mitra as customers. The company's reportable segments are Marketplace, Online to Offline, and Procurement. A majority of its revenue is generated from the Marketplace segment, which offers physical and virtual products across various categories, including electronics, fashion, FMCG, automotive and accessories, gaming, and more. | $0 | -15% | $631M | ($552M) | (1.4x) | (3.0x) | ||
| PT Tempo Scan Pacific Tbk operates in the pharmaceutical business in Indonesia. It is engaged in the production of tablet/caplets, effervescent powders, liquid/syrup, cream and ointment, and capsule dosage forms, and markets body care products. It operates through the following segments: The Pharmaceuticals segment, the Consumer Products and Cosmetics segment, and the Distribution Services segment. The company caters to both Indonesian and international markets. | $0 | -13% | $600M | $384M | 0.5x | 3.3x | ||
| PT IndoInternet Tbk is an information and communication technology company. It carries out the following main businesses: Internet Service Provider (ISP), cable telecommunications, hosting and its related activities, computer consulting, management of other computer facilities, and satellite telecommunications activities. Its operating segments are Connectivity, Data Center, Cloud Services, and Other Services. Maximum revenue for the company is generated from the Data Center segment, which represents the operations of its data centers serving corporate customers across various industries, including financial services, logistics, manufacturing, internet services, and oil and gas. Geographically, it derives maximum revenue from Indonesia and also has a presence in Singapore. | $0 | +16% | $543M | $750M | 15.9x | 50.8x | ||
| PT Midi Utama Indonesia Tbk is engaged in retail trading for consumer products. It operates under the business segments of Food, Fresh Food, and Non-Food items through minimarkets networks under the Alfamidi and Alfaexpress names, convenience stores under the Lawson name, and supermarket network under the Alfamidi Super name. The company designs its segment based on the location of warehouses which are situated in Jabodetabek, Java - excluding Jabodetabek, and excluding Java. The company generates the majority of its revenue from Jabodetabek. Product-wise, the company generates the majority of its revenue from the sale of Food. | $0 | -41% | $514M | $487M | 0.4x | 4.6x | ||
| PT Nusantara Sejahtera Raya Tbk is a company that focuses on screening films and providing F&B to provide a high-quality entertainment experience. Its main business activities consist of cinema business activities, F&B sales, as well as organizing events and advertising. The company has two segments: Movie, food and beverages; and All other segments. It derives maximum revenue from Movie, food and beverages segment. | $0 | -34% | $472M | $467M | 1.4x | 4.3x | ||
| PT Itsec Asia Tbk is one of the cybersecurity companies in APAC. The company's core offerings encompass comprehensive cybersecurity services and solutions, including Consulting Services, Security Solutions Integration and Managed Security Services. Its complete end-to-end portfolio provides continuous IT infrastructure protection against multiplying cybersecurity threats and compliance with increasingly demanding data protection and critical infrastructure regulations. The company also has extensive experience helping customers with fraud prevention, operational technology (OT) and Industrial IoT (IIoT) security. Geographically, Indonesia, Singapore, and Australia. | $0 | -46% | $442M | $444M | 14.3x | 73.8x | ||
| PT Garuda Maintenance Facility Aero Asia Tbk is an Indonesia-based aircraft maintenance company. It offers various services including line maintenance, base maintenance, component services, engineering services, components maintenance and calibration, material services, logistics, cabin maintenance services, and other services. It also offers consulting services, training, and provision of experts in the field of aircraft maintenance, components, and engines. The company's operating segments are repairs and maintenance airframe, engine, and component segment, which is the revenue driver for the company; Line maintenance and technical ground handling segment; and other operations. | $0 | +31% | $371M | $708M | 1.4x | 11.6x | ||
| PT Metrodata Electronics Tbk is an Indonesian company engaged in the Information Communication and Technology (ICT) business. Its operating segments are: Distribution, and Solution and consultation. The Distribution segment, which generates maximum revenue, includes the sale of hardware and software, basic peripherals such as data storage devices, terminals, memory, and peripherals. The Solution and consultation segment includes maintenance service, hardware, and software rental, sale of hardware, system management software, middleware, serverware, and system-level software, professional service for consultation, implementation, and training, sale of software. | $0 | -14% | $369M | $359M | 0.2x | 4.2x | ||
| PT Aspirasi Hidup Indonesia Tbk offers household appliances and lifestyle products through a network of retail outlets across Indonesia. The company's operating segments are Home Improvement Products, Lifestyle Products, and Toys Products. A majority of its revenue is generated from the Home Improvement Products segment, which offers cleaning equipments, gardening tools, electrical appliances, tools, and hotel, restaurant, cafe, and bakery equipments. The Lifestyle Products segment offers furniture, home appliances, automotive products, household accessories and supplies, and sports equipment and pet supplies. The Toys Products segment offers children's toys. | $0 | -42% | $334M | $240M | 0.5x | 2.9x | ||
| PT Bali Towerindo Sentra Tbk is a provider of telecommunication tower leasing and transmission network services in Bali Province and is expanding outside Bali Province by building Microcell Poles in several cities in Indonesia. Its supporting business activity is management and human resources development consultancy services, telecommunication services, information technology services, and services for the installation of telecommunication devices. The company operates in two business segments, which include Cellular that includes tower leasing, transmission/bandwidth leasing, and operations & maintenance (O&M), covering electricity and backup power activities, and Non-cellular, which offers residential, corporate, and government Fiber-to-the-X (FTTX) products under the brand Balifiber. | $0 | -10% | $271M | $442M | 6.4x | 15.2x | ||
| PT Mastersystem Infotama Tbk is a system integration service provider in Indonesia. The Company offers a comprehensive range of Information and Communication Technology (ICT) solutions to customers by integrating various hardware, software, network, and communications components into a cohesive and functional system, thereby enabling seamless collaboration and interaction between existing technology systems. The Company provides comprehensive services for customers by planning, designing, implementing, and optimizing ICT infrastructure and offering solutions that support the achievement of increased efficiency, scalability, and productivity, so that customers can achieve sustainable business activity growth. The company generates the majority of its revenue from Hardware sales. | $0 | -10% | $241M | $162M | 0.5x | 3.7x | ||
| PT Bank Amar Indonesia Tbk is engaged in providing banking activities. The company's operating segments include Online, Brick and Mortar, and Head Office. It generates maximum revenue from the Online segment. The Online segment comprises activities related to digital products and services. Its brick-and-mortar segment comprises activities related to conventional banking products and services. The Head Office segment comprises treasury and other activities. Some of its products include Aster Savings, Amar Dana Savings, Amar Cemerlang Savings, Amar Term Savings, Employee Savings, Term Deposit, On-Call Deposit, and Amar Current Account. | $0 | +10% | $196M | $194M | 1.9x | - | ||
| NusaTrip Inc operates as an Online Travel Agent offering Hotel & Flight Tickets, Domestic and International. The Company currently operates in a single reportable operating segment with five different services: Ticketing, Online advertisement, Hotel reservation, Hotel technology platform software, and Ancillary. The group earns revenue through commissions, service fees, and advertising partnerships. | $9 | -- | $174M | $170M | 143.4x | (247.1x) | ||
| PT Media Nusantara Citra Tbk is a diversified media company. The business is divided into four segments, which include Advertisement; Content Subscription; and Others. It derives maximum revenue from Advertisement Segment The firm offers pay video service (live streaming, VOD, original productions, and other creative content), news aggregator, audio aggregator, television stations, radio interests, print media, production business, online content, and advertising. | $0 | -24% | $157M | $161M | 0.2x | 0.6x | ||
| PT MDTV Media Technologies Tbk, formerly PT Net Visi Media Tbk, is a holding company. Along with its subsidiaries, it carries out business activities in the media industry. It is engaged in Artist Management, Television Broadcasting, Content Production, and Digital Media. The company has only one main business segment, namely Media. | $0 | -59% | $153M | $174M | 37.5x | (12.2x) | ||
| PT Pyridam Farma Tbk is engaged in the production and development of pharmaceutical medicines and the trading of medical equipment. It manufactures products namely Antibiotics, Vitamins, Supplements, and Traditional herbal care. It operates through two segments namely Pharmaceutical Products and Toll Manufacturing Services; and Medical Device Products. The company derives maximum revenue from Pharmaceutical Products and Toll Manufacturing Services. The company's products include consumer health, Derma, prescription, and biomedilab. | $0 | -3% | $146M | $412M | 2.7x | (63.3x) | ||
| PT Graha Layar Prima Tbk engages in the cinema industry and the provision of food and beverages. It operates through two segments: cinema and movie distribution & cinema licensor. The company offers a range of movies, including Hollywood movies, Indonesian movies, independent movies, and Hindi movies. It also offers other entertainment and services within its movie theater compounds, such as restaurants, cafes, live music performances, pool tables, and karaoke. The company derives a majority of its revenue from the Cinema segment. The cinema segment generates revenue from ticket sales in all owned cinemas, sales of food and beverages in cinemas, and also rental of auditoriums for various other activities. | $0 | +53% | $142M | $197M | 2.8x | 18.2x | ||
| PT MNC Asia Holding Tbk is an investment company that operates in the diversified media industry. The company operates through four strategic business sectors: Media & Entertainment, Financial Services, Tourism & Hospitality, and Energy. The company generates the majority of its revenue from the Media & Entertainment through advertising and content business. | $0 | +2% | $141M | $119M | 0.1x | 0.7x | ||
| PT Mandiri Herindo Adiperkasa Tbk is one of the mineral and coal transportation service providers, supported by resources and professional personnel with integrity. The company focuses on coal hauling service activities after overburden removal activities are carried out by contractors. The Company also has several types of units in the implementation of coal transportation services, namely single trailers, double trailers and dump trucks with variations in payload capacity and equipment specifications according to the needs of the employer. The company classifies its business into three geographical segments which are North Kalimantan, East Kalimantan, and Central Kalimantan. The company generates majority of its revenue from East Kalimantan segment. | $0 | -21% | $133M | $136M | 0.8x | 6.2x | ||
| PT MNC Kapital Indonesia Tbk along with its subsidiaries provides integrated financial services. It has created an integrated digital financial ecosystem comprising three main business groups: Banking, Capital Market, and Insurance. The company derives majority of revenue from Banking sector which provides full-service banking for individuals, MSMES, and wholesale banking customers. The banking also offers seamless biometric onboarding, QRIS payments, advanced features like split bills, e-Money top-ups, virtual credit cards, online time deposits, client fund accounts, and in-app biller payments. | $0 | -12% | $120M | ($70M) | (0.3x) | (0.8x) | ||
| PT Global Mediacom Tbk is a diversified media company operating in the entertainment industry. The company operates in three business segments: advertising and content, pay TV, broadband, and Others. Its segment, advertising and content, provides advertisement-based media, subscriber-based media, and free-to-air media content. The pay-TV and broadband segment distributes television channels and has other businesses, such as radio and print media. The other business segment creates mobile app games, among many other ventures. The company generates the vast majority of its revenue in Indonesia. | $0 | -16% | $115M | $261M | 0.5x | 1.9x | ||
| PT Delta Giri Wacana Tbk is engaged in the agrochemical sector. It has five business pillars such as pesticides, fertilizers, agricultural tools, seeds, and an internal distribution channel. | $0 | -33% | $110M | $175M | 0.8x | 7.5x | ||
| PT Darya-Varia Laboratoria Tbk (Darya-Varia) is operating in the pharmaceutical industry. It is engaged in the manufacture and trade of pharmaceutical products, human, traditional medicines, pharmaceutical materials, raw materials for traditional medicines, inorganic base chemicals, organic base chemicals, equipment for surgery, medical and dental care, medical and dental equipment, orthopedic equipment, prosthetic, eyeglasses, laboratory and health equipment from glass, cosmetics; wholesaler of pharmaceutical, traditional medicine, chemical base materials, laboratory equipment, cosmetic; wholesale trade in pharmaceuticals; laboratory testing services, health support service activities, research and development, periodic inspection services, and many more activities. | $0 | -11% | $100M | $80M | 0.6x | 5.5x | ||
| PT MNC Vision Networks Tbk core business consists of DTH post-paid and prepaid Pay TV, Fixed Broadband and Fiber optic Pay TV service, Android OTT Box, OTT Platform, and Local Cable Operator, content production that serves exclusively for the group. Its segments include Satellite services, Digital IPTV and broadband services, and others. The company generates the majority of its revenue from Satellite services. | $0 | +33% | $83M | $13M | 0.1x | (2.9x) | ||
| PT Sona Topas Tourism Industry Tbk provides domestic and international travel-related services in Indonesia. The company operates through three divisions: Travel, Duty-Free Shops, and Retail Shops. Maximum revenue for the company is generated from its Travel segment, which is engaged in selling tours and travel tickets, especially to the domestic market, and handling related documents and tours. The Duty Free Shops segment operates duty-free shops in Bali and Lombok, and the Retail Shops segment operates retail shops in Bali, Jakarta, Batam, Medan, and Makassar. | $0 | -45% | $79M | $49M | 1.0x | 4.5x | ||
| PT Tripar Multivsion Plus TBK is a film production company that specializes in creating visually stunning and impactful content. It has two segments Film production segment, which includes Sinetron, Digital, Film, and Cinema, segment include Ticket, Food, and Beverage segment. Its majority of the revenue comes from the Film Production. | $0 | -32% | $75M | $93M | 9.1x | (41.2x) | ||
| PT Bali Bintang Sejahtera Tbk is an Indonesian professional club based in Gianyar, Bali. It operates a club under the name known as Bali United Football Club. The Company operates in sports services, with segments including professional football club management, sports agency services like sponsorship and live streaming, and other ventures such as cafes and radio. It generates maximum revenue from the agency segment. | $0 | +46% | $53M | $34M | 1.7x | 4.0x | ||
| PT Autopedia Sukses Lestari Tbk is a forum for various business fields related to automotive. It is engaged in the provision of various services, starting from car and motorcycle auctions, buying and selling cars online, and providing data on car and motorcycle prices. | $0 | -10% | $47M | $26M | 0.5x | 4.4x | ||
| PT Master Print Tbk is engaged in the trading business sector as an official distributor and rental of industrial packaging goods including spare parts and services such as coding, marking, labeling and product inspection systems as well as shrink-packaging, protective packaging, food packaging and pharmaceutical packaging. | $0 | +158% | $40M | $40M | - | - | ||
| PT Verona Indah Pictures Tbk is a production house. It business activities include producing, post-production, and distributing films, videos, and television programs. The company has produced hundreds of soap opera titles, and over thousands of episodes with hundreds of thousands of hours of broadcast. | $0 | +7% | $32M | $32M | - | - | ||
| PT Cashlez Worldwide Indonesia Tbk is a fintech company providing solutions to merchants to help them manage and grow their businesses. The company has created an mPOS (mobile point of sale) system that accepts payments through credit and debit cards or application-based debit cards on smartphones connected to a card reader via Bluetooth. Apart from mPOS, merchants can also accept other digital payment methods such as QR Code payments and Cashlez Link. The company has three business segments, which include the Device sales business, the Payment service provider business, and the Installation service business. The company generates the majority of its revenue from the Device sales business. | $0 | +193% | $17M | $17M | - | - | ||
| PT Sky Energy Indonesia Tbk is an Indonesia-based company that engages in the manufacture and sale of solar modules. The company's portfolio includes generation of electricity, production of renewable energy from the solar farm, distribution of energy for public consumers, manufacturing of alternative energy sources like solar farms, and providing solar energy for the home system. Its product and services include Solar system, Solar Panels, Solar Mounting System, Battery, System Solution, Energy Storage Solution, JskyeLED, and others. | $0 | -- | $6M | $15M | 3.2x | (2.6x) | ||
| Webuy Global Ltd is an emerging Southeast Asian (SEA) community-oriented e-commerce retailer (Community e-Commerce Retailer) with a focus on grocery and travel. Community e-commerce is a deepened extension form of e-commerce, where social media users with mutual interest and like-minded behavior are connected, forming a community group within a network through an online medium. Its mission is to make social shopping a new lifestyle for consumers and to empower consumers’ purchases with an efficient, cost-saving purchasing model. The company is also engaged in selling packaged tours to its customers. The majority of revenue is derived from the sales of groceries through its online platform. Its geographic areas are Singapore, Indonesia, and Malaysia. | $1 | -81% | $6M | $5M | 0.3x | (1.5x) | ||
| Median | $0 | -14% | $1B | $1B | 2.3x | 5.5x |
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