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Indonesian (IDX) Oil and Gas Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies40
  • 7D-1.9%
  • 3M3.3%
  • 1Y34.3%
  • YTD32.8%

In the last week, the Oil and Gas industry is up 2.0%, with Bumi Resources up 9.2%. Meanwhile, Bayan Resources actually underperformed within the industry, shrinking 5.9% in the last week. This takes the industry's 12 month performance to a gain of 38%. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

Has the Indonesian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025Rp2152.2tRp750.9tRp74.5t19.7x28.9x2.9x
Fri, 21 Nov 2025Rp2103.8tRp778.3tRp72.5t16.5x29x2.7x
Sun, 19 Oct 2025Rp2054.7tRp783.8tRp83.9t11.5x24.5x2.6x
Tue, 16 Sep 2025Rp1996.1tRp780.2tRp83.8t12.2x23.8x2.6x
Thu, 14 Aug 2025Rp1890.1tRp779.6tRp92.1t10x20.5x2.4x
Sat, 12 Jul 2025Rp1678.3tRp784.9tRp98.4t7.9x17x2.1x
Mon, 09 Jun 2025Rp1687.0tRp790.6tRp100.7t9.1x16.8x2.1x
Wed, 07 May 2025Rp1590.6tRp797.3tRp104.3t8.4x15.2x2x
Fri, 04 Apr 2025Rp1497.4tRp801.8tRp111.1t7.6x13.5x1.9x
Sun, 02 Mar 2025Rp1425.7tRp871.6tRp137.9t7.1x10.3x1.6x
Tue, 28 Jan 2025Rp1700.4tRp850.2tRp136.4t8.4x12.5x2x
Thu, 26 Dec 2024Rp1596.8tRp847.4tRp135.9t7.6x11.7x1.9x
Sat, 23 Nov 2024Rp1507.8tRp752.6tRp110.2t8x13.7x2x
Mon, 21 Oct 2024Rp1517.2tRp721.6tRp103.0t10.8x14.7x2.1x
Wed, 18 Sep 2024Rp1478.3tRp725.6tRp103.8t10.3x14.2x2x
Fri, 16 Aug 2024Rp1437.1tRp739.5tRp105.2t10x13.7x1.9x
Sun, 14 Jul 2024Rp1368.8tRp761.4tRp112.0t10.9x12.2x1.8x
Tue, 11 Jun 2024Rp1277.6tRp782.2tRp114.4t9.7x11.2x1.6x
Thu, 09 May 2024Rp1276.9tRp787.0tRp119.3t9.7x10.7x1.6x
Sat, 06 Apr 2024Rp1263.0tRp798.2tRp126.4t9.6x10x1.6x
Mon, 04 Mar 2024Rp1280.1tRp822.9tRp138.4t9x9.2x1.6x
Wed, 31 Jan 2024Rp1282.2tRp844.7tRp144.8t9.2x8.9x1.5x
Fri, 29 Dec 2023Rp1321.2tRp830.2tRp142.4t8.3x9.3x1.6x
Sun, 26 Nov 2023Rp1227.1tRp867.1tRp161.6t6.6x7.6x1.4x
Tue, 24 Oct 2023Rp1206.3tRp922.6tRp180.9t6.7x6.7x1.3x
Thu, 21 Sep 2023Rp1253.6tRp897.9tRp178.2t6.9x7x1.4x
Sat, 19 Aug 2023Rp1169.6tRp917.4tRp189.4t6.5x6.2x1.3x
Mon, 17 Jul 2023Rp1146.0tRp915.4tRp195.8t4x5.9x1.3x
Wed, 14 Jun 2023Rp1032.9tRp888.6tRp191.6t5.1x5.4x1.2x
Fri, 12 May 2023Rp1198.5tRp872.5tRp189.5t5.6x6.3x1.4x
Sun, 09 Apr 2023Rp1315.3tRp853.8tRp190.4t5.7x6.9x1.5x
Tue, 07 Mar 2023Rp1168.4tRp829.1tRp188.6t4.7x6.2x1.4x
Thu, 02 Feb 2023Rp1203.2tRp772.3tRp178.3t5.6x6.7x1.6x
Sat, 31 Dec 2022Rp1272.1tRp792.9tRp183.6t5.1x6.9x1.6x
Price to Earnings Ratio

6.9x


Total Market Cap: Rp1272.1tTotal Earnings: Rp183.6tTotal Revenue: Rp792.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Oil and Gas Industry Price to Earnings3Y Average 12.2x202320242025
Current Industry PE
  • Investors are optimistic on the Indonesian Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 29.5x which is higher than its 3-year average PE of 12.2x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 26% per year over the last three years,
  • Revenues have also declined 2.0% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

ID Market-1.70%
Energy-1.94%
Oil and Gas-1.94%
Oil and Gas Exploration and Production0.61%
Oil and Gas Refining and Marketing0%0
Coal and Fuels-2.03%
Oil and Gas Storage and Transportation-2.77%
Industry PE
  • Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 12.5x.
    • Analysts are expecting annual earnings growth of 25.3%, which is higher than its past year's earnings decline of 41.9% per year.
  • Investors are most pessimistic about the Oil and Gas Storage and Transportation industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.5x.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 42% per year.
  • In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings grow by 8.0% 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
BUMI Bumi ResourcesRp380.009.2%
+Rp11.9t		227.6%PS5.7x
UNTR United TractorsRp29.80k5.9%
+Rp6.0t		18.3%PE7x
ADRO Alamtri Resources IndonesiaRp1.91k5.5%
+Rp2.9t		-24.1%PE10.9x
ENRG Energi Mega PersadaRp1.47k3.9%
+Rp1.4t		591.0%PE28.4x
MEDC Medco Energi InternasionalRp1.31k4.4%
+Rp1.4t		19.7%PE10.9x

Latest News

ADRO
Rp1,905.00
Alamtri Resources Indonesia
7D
5.5%
1Y
-24.1%
ENRG
Rp1,465.00
Energi Mega Persada
7D
3.9%
1Y
591.0%
MEDC
Rp1,305.00
Medco Energi Internasional
7D
4.4%
1Y
19.7%

MEDC: Risk Outlook Will Improve As Margins And Discount Rate Shift

Narrative Update on Medco Energi Internasional Analysts have raised their fair value estimate for Medco Energi Internasional from IDR 1,305.56 to IDR 1,416.27, citing a lower perceived discount rate, modestly improved long term revenue expectations, stronger projected profit margins, and a reduced future price to earnings multiple. Valuation Changes The fair value estimate has risen moderately from IDR 1,305.56 to IDR 1,416.27, reflecting a more favorable outlook.
RAJA
Rp5,850.00
Rukun Raharja
7D
-4.5%
1Y
116.7%
DSSA
Rp105,125.00
Dian Swastatika Sentosa
7D
-1.8%
1Y
175.6%
RATU
Rp9,800.00
Raharja Energi Cepu
7D
-7.5%
1Y
n/a
GEMS
Rp8,375.00
Golden Energy Mines
7D
-1.5%
1Y
-20.4%
AADI
Rp7,025.00
Adaro Andalan Indonesia
7D
-1.1%
1Y
-9.1%
BUMI
Rp380.00
Bumi Resources
7D
9.2%
1Y
227.6%
ITMG
Rp21,875.00
Indo Tambangraya Megah
7D
3.4%
1Y
-13.5%
CUAN
Rp2,260.00
Petrindo Jaya Kreasi
7D
-6.6%
1Y
109.3%
INDY
Rp2,330.00
PT. Indika Energy
7D
5.0%
1Y
65.2%
HRUM
Rp1,060.00
Harum Energy
7D
6.5%
1Y
2.9%
UNTR
Rp29,800.00
United Tractors
7D
5.9%
1Y
18.3%
BYAN
Rp15,825.00
Bayan Resources
7D
-5.9%
1Y
-22.2%
TOBA
Rp710.00
TBS Energi Utama
7D
-9.0%
1Y
83.0%