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Indonesian (IDX) Financials Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies107
  • 7D0.5%
  • 3M4.8%
  • 1Y-3.6%
  • YTD0.5%

The Financials is pretty flat in the last 7 days, but Bank Sinarmas has stood out, gaining 72%. Unfortunately though, the industry is down 3.6% over the past 12 months. Looking forward, earnings are forecast to grow by 8.9% annually.

Sector Valuation and Performance

Has the Indonesian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026Rp3350.5tRp729.9tRp241.3t18.3x13.9x4.6x
Tue, 09 Dec 2025Rp3341.9tRp734.4tRp242.8t17.9x13.8x4.6x
Thu, 06 Nov 2025Rp3379.0tRp732.2tRp241.5t15.7x14x4.6x
Sat, 04 Oct 2025Rp3219.6tRp728.8tRp248.3t16.9x13x4.4x
Mon, 01 Sep 2025Rp3309.0tRp728.1tRp251.2t16.5x13.2x4.5x
Wed, 30 Jul 2025Rp3254.2tRp717.9tRp249.1t18.5x13.1x4.5x
Fri, 27 Jun 2025Rp3207.9tRp716.3tRp249.6t18.9x12.9x4.5x
Sun, 25 May 2025Rp3520.5tRp717.0tRp249.8t20.2x14.1x4.9x
Tue, 22 Apr 2025Rp3094.7tRp715.6tRp252.7t18.1x12.2x4.3x
Thu, 20 Mar 2025Rp3100.0tRp715.6tRp252.9t18.6x12.3x4.3x
Sat, 15 Feb 2025Rp3285.4tRp755.3tRp251.3t18.3x13.1x4.4x
Mon, 13 Jan 2025Rp3430.8tRp666.4tRp246.5t19.7x13.9x5.1x
Wed, 11 Dec 2024Rp3709.6tRp725.0tRp253.5t19.7x14.6x5.1x
Fri, 08 Nov 2024Rp3723.7tRp725.0tRp253.8t19.5x14.7x5.1x
Sun, 06 Oct 2024Rp3843.0tRp712.0tRp243.3t19.8x15.8x5.4x
Tue, 03 Sep 2024Rp3880.1tRp711.2tRp243.1t20x16x5.5x
Thu, 01 Aug 2024Rp3682.7tRp707.7tRp242.4t18.1x15.2x5.2x
Sat, 29 Jun 2024Rp3480.4tRp703.8tRp240.4t17.8x14.5x4.9x
Mon, 27 May 2024Rp3511.9tRp703.6tRp240.5t19.6x14.6x5x
Wed, 24 Apr 2024Rp3679.7tRp703.7tRp241.4t19.5x15.2x5.2x
Fri, 22 Mar 2024Rp3997.2tRp670.2tRp241.1t17.5x16.6x6x
Sun, 18 Feb 2024Rp3982.9tRp671.0tRp241.2t17.7x16.5x5.9x
Tue, 16 Jan 2024Rp3818.9tRp665.5tRp229.8t17.9x16.6x5.7x
Thu, 14 Dec 2023Rp3471.4tRp666.8tRp229.6t17.9x15.1x5.2x
Sat, 11 Nov 2023Rp3480.3tRp666.4tRp229.3t16.9x15.2x5.2x
Mon, 09 Oct 2023Rp3417.5tRp655.2tRp224.3t16.5x15.2x5.2x
Wed, 06 Sep 2023Rp3622.4tRp655.3tRp224.5t17.5x16.1x5.5x
Fri, 04 Aug 2023Rp3618.6tRp652.9tRp222.3t19.3x16.3x5.5x
Sun, 02 Jul 2023Rp3511.4tRp646.4tRp216.5t17.6x16.2x5.4x
Tue, 30 May 2023Rp3474.3tRp646.2tRp216.4t17.8x16.1x5.4x
Thu, 27 Apr 2023Rp3438.7tRp644.3tRp211.8t20.2x16.2x5.3x
Sat, 25 Mar 2023Rp3370.0tRp634.0tRp206.0t14.4x16.4x5.3x
Mon, 20 Feb 2023Rp3380.0tRp635.5tRp218.3t16.8x15.5x5.3x
Wed, 18 Jan 2023Rp3202.3tRp613.7tRp213.1t15.4x15x5.2x
Price to Earnings Ratio

15x


Total Market Cap: Rp3202.3tTotal Earnings: Rp213.1tTotal Revenue: Rp613.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Financials Sector Price to Earnings3Y Average 14.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indonesian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 14.8x.
  • The industry is trading close to its 3-year average PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 4.2% per year over the last three years.
  • Revenues for these companies have grown 6.0% 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 sector?

ID Market1.79%
Financials0.47%
Insurance0.69%
Banks0.68%
Consumer Finance0.32%
Mortgage REITs0%0
Diversified Financial-0.58%
Capital Markets-5.10%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 35.6x.
    • Analysts are expecting annual earnings growth of 75.0%, which is higher than its past year's earnings decline of 8.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 75% over the next 5 years.
  • This is better than its past earnings decline of 8.8% per year.
  • In contrast, the Consumer Finance industry is expected to see its earnings grow by 8.2% 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
BSIM Bank SinarmasRp1.52k72.2%
+Rp12.5t		84.8%PB3.4x
BBCA Bank Central AsiaRp8.13k1.2%
+Rp12.3t		-16.5%PB3.6x
SUPA Super Bank IndonesiaRp1.16k24.9%
+Rp7.8t		n/an/a
BBRI Bank Rakyat Indonesia (Persero)Rp3.68k1.1%
+Rp6.0t		-8.2%PB1.7x
BNLI Bank PermataRp5.18k3.0%
+Rp5.4t		383.6%PB4.1x

Latest News

BBRI
Rp3,680.00
Bank Rakyat Indonesia (Persero)
7D
1.1%
1Y
-8.2%

BBRI: December Meeting And Stable Outlook Will Support Governance And Management Changes

Analysts have kept their price target for Bank Rakyat Indonesia (Persero) steady at Rp5,400, citing only small adjustments in expected revenue growth, profit margin, and future P/E as reasons for maintaining their view. What's in the News A special or extraordinary shareholders meeting is scheduled for December 17, 2025, at 07:00 Coordinated Universal Time in Jakarta, Indonesia.
BMRI
Rp4,760.00
Bank Mandiri (Persero)
7D
-6.2%
1Y
-15.0%

BMRI: New Industrial Branch Expansion Will Support A Stronger Long Term Outlook

Analysts have revised their fair value estimate for Bank Mandiri (Persero) from Rp7,800 to about Rp7,247, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E, which together indicate a more measured outlook. What's in the News Bank Mandiri inaugurated a new branch office at PT OKI Pulp & Paper Mills, a business unit of APP Group, on November 24, 2025, aiming to expand banking services for the manufacturing and forestry sectors in Ogan Komering Ilir Regency and nearby areas (Key Developments).
INPC
Rp252.00
Bank Artha Graha Internasional
7D
64.7%
1Y
-12.5%
LIFE
Rp9,800.00
MSIG Life Insurance Indonesia
7D
24.8%
1Y
40.0%
BSIM
Rp1,515.00
Bank Sinarmas
7D
72.2%
1Y
84.8%
BRIS
Rp2,080.00
Bank Syariah Indonesia
7D
-3.7%
1Y
-23.0%
PNBN
Rp1,115.00
Bank Pan Indonesia
7D
-2.2%
1Y
-39.1%
BBNI
Rp4,180.00
Bank Negara Indonesia (Persero)
7D
-1.9%
1Y
-3.9%

BBNI: Governance Reforms Will Support Stronger Share Price Performance

Analysts have maintained their IDR 5,700 price target for Bank Negara Indonesia Persero, noting that a slightly higher discount rate and marginally lower profit margin forecast are broadly offset by a modest upgrade to expected revenue growth and a slightly lower future P E multiple. What's in the News A special and extraordinary shareholders meeting is scheduled on December 15, 2025, at 14:00 SE Asia Standard Time to address key corporate governance matters (Key Developments).
IMJS
Rp252.00
Indomobil Multi Jasa
7D
-10.6%
1Y
68.0%
SUPA
Rp1,155.00
Super Bank Indonesia
7D
24.9%
1Y
n/a
BBCA
Rp8,125.00
Bank Central Asia
7D
1.2%
1Y
-16.5%
BBKP
Rp88.00
Bank KB Indonesia
7D
12.8%
1Y
66.0%
COIN
Rp3,330.00
Indokripto Koin Semesta
7D
-15.5%
1Y
n/a
BNLI
Rp5,175.00
Bank Permata
7D
3.0%
1Y
383.6%
SMMA
Rp13,025.00
Sinar Mas Multiartha
7D
-5.4%
1Y
-10.8%
MASB
Rp3,300.00
Bank Multiarta Sentosa
7D
-9.6%
1Y
-7.0%