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Indonesian (IDX) Banks Industry Analysis

UpdatedMay 19, 2024
DataAggregated Company Financials
Companies48
  • 7D4.1%
  • 3M-8.6%
  • 1Y5.8%
  • YTD-1.1%

In the last week, the Banks industry is up 4.1%, with Bank Central Asia up 4.0%. This means that the industry has gained 5.7% over the past year. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the Indonesian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 May 2024Rp3398.1tRp573.9tRp229.7t19.1x14.8x5.9x
Tue, 16 Apr 2024Rp3582.9tRp569.8tRp228.5t16.9x15.7x6.3x
Thu, 14 Mar 2024Rp3790.9tRp570.4tRp228.6t17.5x16.6x6.6x
Sat, 10 Feb 2024Rp3587.1tRp569.9tRp228.4t16.6x15.7x6.3x
Mon, 08 Jan 2024Rp3491.4tRp568.7tRp217.4t16.6x16.1x6.1x
Wed, 06 Dec 2023Rp3303.6tRp567.4tRp216.6t16x15.2x5.8x
Fri, 03 Nov 2023Rp3072.9tRp561.6tRp213.1t14.9x14.4x5.5x
Sun, 01 Oct 2023Rp3243.8tRp555.8tRp211.6t16.1x15.3x5.8x
Tue, 29 Aug 2023Rp3328.6tRp552.7tRp210.1t15.8x15.8x6x
Thu, 27 Jul 2023Rp3314.6tRp543.4tRp204.0t16x16.2x6.1x
Sat, 24 Jun 2023Rp3209.5tRp543.1tRp204.1t16.4x15.7x5.9x
Mon, 22 May 2023Rp3150.8tRp542.9tRp203.9t16.7x15.4x5.8x
Wed, 19 Apr 2023Rp3122.3tRp519.3tRp191.1t18.8x16.3x6x
Fri, 17 Mar 2023Rp2933.0tRp516.0tRp189.9t17.1x15.4x5.7x
Sun, 12 Feb 2023Rp3078.5tRp531.7tRp190.0t16.2x16.2x5.8x
Tue, 10 Jan 2023Rp2924.8tRp497.8tRp185.0t15.2x15.8x5.9x
Thu, 08 Dec 2022Rp3034.5tRp502.7tRp190.1t17.2x16x6x
Sat, 05 Nov 2022Rp3101.6tRp489.1tRp175.5t21.1x17.7x6.3x
Mon, 03 Oct 2022Rp3010.0tRp472.9tRp166.2t20.9x18.1x6.4x
Wed, 31 Aug 2022Rp2938.5tRp470.6tRp164.9t21.7x17.8x6.2x
Fri, 29 Jul 2022Rp2818.4tRp448.5tRp147.6t20.3x19.1x6.3x
Sun, 26 Jun 2022Rp2847.8tRp448.1tRp147.4t24.4x19.3x6.4x
Tue, 24 May 2022Rp2830.0tRp448.4tRp147.4t20.4x19.2x6.3x
Thu, 21 Apr 2022Rp3065.8tRp432.3tRp134.5t21.5x22.8x7.1x
Sat, 19 Mar 2022Rp3058.1tRp433.4tRp135.1t26.5x22.6x7.1x
Mon, 14 Feb 2022Rp2996.1tRp429.9tRp132.2t25.5x22.7x7x
Wed, 12 Jan 2022Rp2937.0tRp374.8tRp108.4t31x27.1x7.8x
Fri, 10 Dec 2021Rp2913.9tRp374.8tRp108.3t28.2x26.9x7.8x
Sun, 07 Nov 2021Rp2842.4tRp378.1tRp108.7t26.4x26.2x7.5x
Tue, 05 Oct 2021Rp2632.6tRp352.6tRp96.2t28.4x27.4x7.5x
Thu, 02 Sep 2021Rp2544.7tRp352.7tRp96.1t27.1x26.5x7.2x
Sat, 31 Jul 2021Rp2496.3tRp352.7tRp96.1t26x26x7.1x
Price to Earnings Ratio

29.7x


Total Market Cap: Rp2443.8tTotal Earnings: Rp82.2tTotal Revenue: Rp330.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Banks Industry Price to Earnings3Y Average 19.4x202220232024
Current Industry PE
  • Investors are pessimistic on the Indonesian Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 14.6x which is lower than its 3-year average PE of 19.4x.
  • The industry is trading close to its 3-year average PS ratio of 6.5x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 41% per year over the last three years.
  • Revenues for these companies have grown 20% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indonesian Financials industry?

ID Market4.25%
Financials3.88%
Banks4.08%
Diversified Banks4.16%
Regional Banks1.27%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 29.2x.
    • Analysts are expecting annual earnings growth of 25.8%, which is lower than the prior year's growth of 36.0% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 19.2x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 26% over the next 5 years.
  • However this is lower than its past earnings growth rate of 36% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BBCA Bank Central AsiaRp9.75k4.0%
+Rp46.2t		8.3%PB5.3x
BBRI Bank Rakyat Indonesia (Persero)Rp4.92k5.1%
+Rp36.2t		-8.9%PB2.5x
BMRI Bank Mandiri (Persero)Rp6.58k4.8%
+Rp28.0t		29.6%PB2.5x
BBNI Bank Negara Indonesia (Persero)Rp5.18k10.8%
+Rp18.8t		17.3%PB1.3x
BNGA Bank CIMB NiagaRp1.88k4.7%
+Rp2.1t		29.8%PB0.9x
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Latest News

BMRI

Rp6,575.00

Bank Mandiri (Persero)

7D

4.8%

1Y

29.6%

BBKP

Rp65.00

Bank KB Bukopin

7D

10.2%

1Y

-35.6%

BRIS

Rp2,520.00

Bank Syariah Indonesia

7D

-0.8%

1Y

47.4%

BINA

Rp4,050.00

Bank Ina Perdana

7D

-3.6%

1Y

1.8%

MAYA

Rp318.00

Bank Mayapada Internasional

7D

-5.4%

1Y

-34.3%

BEKS

Rp25.00

PT. Bank Pembangunan Daerah Banten

7D

-13.8%

1Y

-50.0%

NOBU

Rp715.00

Bank Nationalnobu

7D

-4.7%

1Y

47.7%

BNGA

Rp1,875.00

Bank CIMB Niaga

7D

4.7%

1Y

29.8%

BSIM

Rp900.00

Bank Sinarmas

7D

-4.3%

1Y

1.1%

NISP

Rp1,265.00

Bank OCBC NISP

7D

2.8%

1Y

20.5%

BMAS

Rp496.00

Bank Maspion Indonesia

7D

-4.6%

1Y

-59.5%

BBTN

Rp1,300.00

Bank Tabungan Negara (Persero)

7D

6.1%

1Y

-1.5%

BBNI

Rp5,175.00

Bank Negara Indonesia (Persero)

7D

10.8%

1Y

17.3%

BBHI

Rp920.00

Allo Bank Indonesia

7D

-4.2%

1Y

-21.4%

BBRI

Rp4,920.00

Bank Rakyat Indonesia (Persero)

7D

5.1%

1Y

-8.9%

BBCA

Rp9,750.00

Bank Central Asia

7D

4.0%

1Y

8.3%