As of February 19, 2025, BANK CENTRAL ASIA TBK PT is the most valuable company in Indonesia, with a market cap of $70.45 billion. Following it are BARITO RENEWABLES ENERGY TBK ($76.11 billion) and PT BAYAN RESOURCES TBK. ($41.02 billion).
Which one is the most valuable in Indonesia by market cap? This list comprises the biggest companies currently in Indonesia by market cap in 2024:
Indonesia’s Largest Companies by market capitalization, 2024
| RANK | COMPANY | MARKET CAPITAL (USD DOLLAR) |
|---|---|---|
| 1 | PT BANK CENTRAL ASIA TBK | $70.45 billion |
| 2 | PT BARITO RENEWABLES ENERGY TBK | $56.11 billion |
| 3 | PT BAYAN RESOURCES TBK. | $41.02 billion |
| 4 | PT CHANDRA ASRI PACIFIC TBK | $38.94 billion |
| 5 | PT BANK RAKYAT INDONESIA (PERSERO) TBK | $38.42 billion |
| 6 | PT AMMAN MINERAL INTERNASIONAL TBK | $32.75 billion |
| 7 | PT BANK MANDIRI (PERSERO) TBK | $31.26 billion |
| 8 | PERUSAHAAN PERSEROAN (PERSERO) PT TELEKOMUNIKASI INDONESIA TBK | $16.31 billion |
| 9 | PT DIAN SWASTATIKA SENTOSA TBK | $13.8 billion |
| 10 | PT PANTAI INDAH KAPUK DUA TBK | $13.56 billion |
| 11 | PT ASTRA INTERNATIONAL TBK | $11.94 billion |
| 12 | PT BANK NEGARA INDONESIA (PERSERO) TBK | $10.87 billion |
| 13 | PT BANK SYARIAH INDONESIA TBK | $8.7 billion |
| 14 | PT INDOFOOD CBP SUKSES MAKMUR TBK | $8.26 billion |
| 15 | PT INDORITEL MAKMUR INTERNASIONAL TBK. | $8.67 billion |
| 16 | PT SUMBER ALFARIA TRIJAYA TBK | $6.89 billion |
| 17 | PT DCI INDONESIA TBK | $6.84 billion |
| 18 | PT SINAR MAS MULTIARTHA TBK | $6.06 billion |
| 19 | PT PETRINDO JAYA KREASI TBK | $5.77 billion |
| 20 | PT UNITED TRACTORS TBK | $5.52 billion |
| 21 | PT GOTO GOJEK TOKOPEDIA TBK | $5.14 billion |
| 22 | PT BARITO PACIFIC TBK | $4.95 billion |
| 23 | PT CHAROEN POKPHAND INDONESIA TBK | $4.69 billion |
| 24 | PT ALAMTRI RESOURCES INDONESIA TBK | $4.27 billion |
| 25 | PT INDOFOOD SUKSES MAKMUR TBK | $4.24 billion |
| 26 | PT HANJAYA MANDALA SAMPOERNA TBK | $4.25 billion |
| 27 | PT ADARO ANDALAN INDONESIA TBK | $4.01 billion |
| 28 | PT BANK PERMATA TBK | $3.76 billion |
| 29 | PT MULTIPOLAR TECHNOLOGY TBK | $4.41 billion |
| 30 | PT KALBE FARMA TBK. | $3.67 billion |
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