Indofood stock falls 0.4 percent as market pressure persists

Published on 09/22/2026 at 18:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Indofood stock closed at IDR 7,000 on September 21, 2026, after reaching IDR 7,600. Consensus values FY2026 earnings at 5.6 times.

Indofood, ID1000057003, Illustration mit AI erstellt.

Indofood stock (ISIN ID1000057003) closed at IDR 7,000 on the Indonesia Stock Exchange on September 21, 2026, down 0.36 percent after the shares had previously reached IDR 7,600. The valuation remains comparatively moderate, with FY2026 consensus earnings at 5.6 times and market capitalization at IDR 61,463 billion as of September 22, 2026.

Stock retreats from IDR 7,600

According to Bareksa on September 22, 2026, the IDR 7,000 closing price represented a 0.36 percent decline from the previous session, while the earlier high was IDR 7,600. The same report placed a reference target at IDR 7,225 and a downside threshold at IDR 6,825.

The comparison with the previous high is material: IDR 7,000 is IDR 600, or 7.9 percent, below IDR 7,600. The broader market also faced pressure, with the Jakarta Composite Index closing at 6,384.7 on September 22, 2026, down 0.9 percent according to Mirae Asset Sekuritas Indonesia.

Valuation stays below peers

The September 22, 2026 market table from Mirae Asset Sekuritas Indonesia showed Indofood at a FY2026 consensus P/E of 5.6 times, compared with 10.4 times for Indofood CBP Sukses Makmur. Indofood's FY2027 consensus P/E was 5.8 times, while the comparable figure for Indofood CBP was 8.6 times.

The same table reported FY2026 and FY2027 price-to-book ratios of 0.8 times for Indofood, alongside return-on-equity estimates of 13.2 percent and 14.9 percent. These figures make valuation the clearest differentiator in the current market snapshot, although the lower multiple also reflects the market's more cautious treatment of the parent company's earnings outlook.

Market pressure sets the tone

Mirae Asset reported that the Jakarta Composite Index fell 0.9 percent on September 22, 2026, while the Indonesian rupiah weakened to IDR 17,847 per US dollar. For a diversified consumer group, the combination of equity-market selling and currency pressure remains an important risk factor for sentiment.

Price remains below recent high

Indofood stock was last reported at IDR 7,000 on September 21, 2026, on the Indonesia Stock Exchange, with a daily change of minus 0.36 percent. The quoted level was 7.9 percent below the earlier IDR 7,600 high cited for the same market context.