Industrial Goods Sector Report | Indonesia Sector Reports | Sectors | Indonesian Financial Data Platform
Industrial Goods
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Indonesia Sector Highlight: Industrial Goods
The Industrial Goods sector is integral to Indonesia’s manufacturing and construction industries, providing machinery, tools, and equipment essential for production and infrastructure projects. Regulated by the Ministry of Industry (Kementerian Perindustrian), it ensures that Indonesia's industrial goods meet both domestic and global demands. The Indonesian Association of Heavy Equipment Manufacturers (IMME) plays a pivotal role in fostering collaboration, technical advancements, and promoting the growth of the heavy equipment industry. At this moment, this sub-sector seems to be experiencing a bullish trend, with a total market cap growth of around 75.26% over the past 365 days. It appears that 27 companies in this sub-sector might have seen a positive market cap change, while around 11 companies could have experienced a negative market cap change. Notable companies in this subsector, based on market capitalization, include PT Grand Kartech Tbk, PT Steadfast Marine Tbk, PT Impack Pratama Industri Tbk, United Tractors Tbk, and PT Superkrane Mitra Utama Tbk.
Top Companies
Revenue and Profit are the respective sums of the trailing twelve months (TTM) data, or 4 most recent quarters, while Growth is the year-on-year revenue growth rate.
Companies in this sector have a range of -81x to 1187x
Market Cap. Change
+85.88%
Change in market cap., year-to-date
Industrial Goods Sector Performance
IDR 286.82T
Sector Market Cap. (IDR, trillion)
Last 4 Quarters
Prev 4 Quarters
+103.9% change in Industrial Goods
The Industrial Goods sector is outpacing (+70.2%) its growth in the previous comparable period (+17.3%) with the current quarter showing an improvement (+103.9%) over the previous quarter
Sector Composition
Extremely Concentrated Sector
The top 5 companies in this sector make up 89.5% of the total market cap of this sector.
Sector Valuation
Historical valuation of companies in Industrial Goods
More than 5% deviation of median from the last 3 years
Within 5% deviation of median of last 3 years
TTM: Trailing Twelve Months (TTM)
Metric
2021
2022
2023
2024
Current (TTM)
Price/Equity
7.04
11.36
5.48
6.70
7.46
Lower than average of last 3 years
Price/Book
1.07
0.93
0.89
0.59
1.00
Within 5% deviation of average of last 3 years
Price/Sales
0.67
0.70
0.66
0.70
0.73
Higher than average of last 3 years
Price/Cash Flow
4.07
2.51
4.19
5.16
7.07
Higher than average of last 3 years
Executive Summary
Sector Performance
1W
+5.8%
1Y
+85.5%
YTD
+85.9%
Trailing 12 Months
Overall +85.5%
Positive
Neutral (Within <2.5%)
Negative
Sector Percentile
94%
35
55
75
100
0
100
This sector has a return that beats 94% of all sectors on the Indonesia Stock Exchange over the past 12 months.
Sector Dividend Yield
5.03%
Dividend-paying companies in this sector pay out a dividend yield of 5.03% on average over the past 12 months. This beats the average dividend yield of all companies on IDX, which is around 2.74%.
Sector Stabillity
69%
35
55
75
100
0
100
This sector is rather volatile, with a RSD (Relative Standard Deviation) of 23%. Companies on IDX have an average RSD of 16%. This gives the sector a score of 69%.
RSD (Relative Standard Deviation)69%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown-28.85%
The maximum loss from a peak to a trough during a specific period (TTM).
This past month
The Industrial Goods sector enjoyed a positive month in the month ending 2025-10-31, with the sector seeing a change of market cap of +3.2%.
On a month to date basis, Indonesian companies in the Industrial Goods sector are up by +5.8% as of 2025-11-07.
Among the gainers, the top performer was Citatah Tbk which gained 95.56% in the last month.
Last 12 Months
Companies in the Industrial Goods sector have seen a +85.48% change in market cap over the last 12 months. This signifies a sector that is growing rapidly, with investors anticipating a sustained period of growth.
Most of the last 12 months in the Industrial Goods sector has been positive with September (+36.3%), August (+28.1%) and July (+16.8%) being the best performing months.
At the same time, it should also be noted that the sector has seen a back-to-back consecutive loss of 3 months starting from the most recent December. Successive losses can indicate a potential downward trend in the sector, and while it might be temporary headwinds that the sector is facing, it is important to monitor the sector closely.
Its worst performing month was January with a -8.41% change in market cap.
Sector Valuation
Has the Industrial Goods sector valuation in Indonesia changed over the past 12 months?
Price to Earnings Ratio
The Industrial Goods sector is trading at a median PE ratio of 7.46x, which is lower than its 3-year historical average PE of 124.80x. This puts the sector in the undervalued category based on its historical valuation.
Companies in the Industrial Goods have an extremely wide range of PE ratio, going between -81x to 1187x.This makes it necessary to consider the outliers in the sector, and adjust for the respective market caps of each company to prevent any skewing of the data.
To add some perspective across the value disparity, among the top gainers in the last month,PT Nusatama Berkah Tbk commands a premium with a PE ratio of 558.76 while PT Singaraja Putra Tbk is trading at a PE ratio of only -77.77.
When weighted by market cap, the Industrial Goods sector is trading at a PE ratio of 124.80x as compared to the unweighted PE ratio of 7.46x. The unweighted sector median is a considerable discount (1.4x) to the overall IDX median of 10.15x.
The Industrial Goods sector is trading at a PE ratio (7.46) that represents a a valuation consistent with its historical average (7.64).
Pt Harimas Tunggal Perkasa, an institution sold 1,154,000,000 shares of Pt Impack Pratama Industri Tbk, decreasing its holdings from 24,274,395,000 to 23,120,395,000. The transaction occurred in the industrials sector, specifically industrial-goods. The purpose of the transaction is Realisasi Investasi dan Meningkatkan.
Hengtong Optic Electricinternational Co., Limited, an institution sold 13,600 shares of Voks.Jk, decreasing its holdings from 2,275,709,520 to 2,275,695,920. The transaction occurred in the industrials sector, specifically industrial-goods. The purpose of the transaction is undisclosed.
Hengtong Optic Electricinternational Co., Limited, an institution sold 10,800 shares of Voks.Jk, decreasing its holdings from 2,275,720,320 to 2,275,709,520. The transaction occurred in the industrials sector, specifically industrial-goods. The purpose of the transaction is undisclosed.
Hengtong Optic Electricinternational Co., Limited, an institution sold 10,800 shares of Voks.Jk, decreasing its holdings from 2,275,720,320 to 2,275,709,520. The transaction occurred in the industrials sector, specifically industrial-goods. The purpose of the transaction is undisclosed.
Pt Pimsf Pulogadung, an institution bought 133,033,800 shares of Pt Geoprima Solusi Tbk, increasing its holdings from 170,000,000 to 303,033,800. The transaction occurred in the industrials sector, specifically industrial-goods. The purpose of the transaction is Investasi sebagai bagian dari pembelian.
News of Companies in Industrial Goods Sector, Indonesia
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P/E Value
The Industrial Goods sub-sector is typically considered cyclical rather than defensive, with historical P/E values fluctuating between moderate and high levels. The current lower P/E value compared to last year's P/E value for the Industrial Goods sub-sector may be influenced by factors such as decreased demand for industrial products, lower earnings forecasts, or overall ...
7.46
Price to Earnings
Sector is undervalued on IDX
Industrial Goodssector is, as a whole,undervaluedgiven its earnings and growth potential compared to other sectors on the Indonesian Stock Exchange
Industrial Goods Sector P/E7.46
The Price-to-Earnings (P/E) ratio is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS).
Industrial Goods Weighted Sector P/E124.80
The weighted average P/E ratio is a measure of the average P/E ratio of the companies in the sector, weighted by market capitalization.
Indonesia Stocks Avg. P/E10.15
Resilience & Health Index
In the Industrial Goods sub-sector of the Indonesia index, with 40 companies, only 13 have seen positive price changes in the last 30 days, ranking the sub-sector 30th in terms of price changes. The average price changes for this sub-sector have been worse than the overall index average, possibly due to economic slowdown affecting demand for industrial goods. The lack of new ...
7.4
Sector Health Score
Sector is moderately resilient
Industrial Goodsas a sector is consideredhealthyrelative to other sectors on IDX
Industrial Goods Sector Max Drawdown-0.29
The maximum drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown (MDD) is an indicator of downside risk over a specified time period.
Indonesia Stocks Avg. Max Drawdown-0.37
Industrial Goods RSD (Close)0.23
The RSD (Close) is a measure of the volatility of a stock's daily price change. It is calculated as the standard deviation of each day's logarithmic returns summed over the past 90 days.
Indonesia Stocks Avg. RSD (Close)0.25
Sector Growth Index
The Industrial Goods sub-sector in Indonesia has shown strong growth in the past year, with average annual earnings and revenue growth changes of 26.01% and 4.32% respectively. Despite ranking 12th in earnings and 21st in revenue ...
8.1
Sector Growth Score
Sector anticipating strong growth prospects
Industrial Goodsis among thefastest growing sectorson IDX
Trailing 3Y Industrial Goods Sector Growth+16.46%
This uses geometric mean to compute a measure of the sector's revenue growth over the last 3 years.
Industrial Goods 1Y Market Cap Growth+85.48%
The change in market capitalization relative to the same period a year ago.
Industrial Goods Performance Percentile94th
Recent growth beats 94% of all sectors in Indonesia.
