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Indonesian (IDX) Financials Sector Analysis

UpdatedOct 03, 2025
DataAggregated Company Financials
Companies106
  • 7D-1.8%
  • 3M-0.3%
  • 1Y-18.6%
  • YTD-8.7%

Over the last 7 days, the Financials industry has dropped 1.8%, driven by Bank Rakyat Indonesia (Persero) declining 8.8%. In contrast, Bank Permata has gained 13%. The industry has fallen 19% in the last year. Earnings are forecast to grow by 7.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Oct 2025Rp3216.1tRp730.5tRp248.8t16.4x12.9x4.4x
Sun, 31 Aug 2025Rp3309.0tRp727.8tRp251.0t16.5x13.2x4.5x
Tue, 29 Jul 2025Rp3285.3tRp717.3tRp249.1t18.7x13.2x4.6x
Thu, 26 Jun 2025Rp3207.9tRp716.3tRp249.6t18.9x12.9x4.5x
Sat, 24 May 2025Rp3501.6tRp717.0tRp249.8t20.2x14x4.9x
Mon, 21 Apr 2025Rp3120.2tRp715.6tRp252.7t18x12.3x4.4x
Wed, 19 Mar 2025Rp3077.8tRp715.6tRp252.9t18.5x12.2x4.3x
Fri, 14 Feb 2025Rp3283.3tRp754.0tRp251.2t18.1x13.1x4.4x
Sun, 12 Jan 2025Rp3430.8tRp687.8tRp251.7t19.6x13.6x5x
Tue, 10 Dec 2024Rp3719.4tRp725.0tRp253.5t19.8x14.7x5.1x
Thu, 07 Nov 2024Rp3788.9tRp725.0tRp253.7t19.6x14.9x5.2x
Sat, 05 Oct 2024Rp3870.7tRp712.0tRp243.3t19.9x15.9x5.4x
Mon, 02 Sep 2024Rp3868.2tRp711.2tRp243.1t19.3x15.9x5.4x
Wed, 31 Jul 2024Rp3672.9tRp704.2tRp240.7t18.7x15.3x5.2x
Fri, 28 Jun 2024Rp3413.8tRp703.8tRp240.4t18.5x14.2x4.9x
Sun, 26 May 2024Rp3511.9tRp703.7tRp240.5t19.6x14.6x5x
Tue, 23 Apr 2024Rp3687.6tRp701.5tRp240.0t18.5x15.4x5.3x
Thu, 21 Mar 2024Rp3991.2tRp670.2tRp241.1t17.6x16.6x6x
Sat, 17 Feb 2024Rp3982.3tRp669.6tRp240.8t17.7x16.5x5.9x
Mon, 15 Jan 2024Rp3831.2tRp665.5tRp229.8t18x16.7x5.8x
Wed, 13 Dec 2023Rp3498.5tRp666.8tRp229.6t16.7x15.2x5.2x
Fri, 10 Nov 2023Rp3480.4tRp666.7tRp229.4t17.1x15.2x5.2x
Sun, 08 Oct 2023Rp3417.5tRp655.2tRp224.3t16.5x15.2x5.2x
Tue, 05 Sep 2023Rp3612.9tRp655.3tRp224.5t17.5x16.1x5.5x
Thu, 03 Aug 2023Rp3587.7tRp652.6tRp222.3t18.1x16.1x5.5x
Sat, 01 Jul 2023Rp3511.4tRp646.4tRp216.5t17.6x16.2x5.4x
Mon, 29 May 2023Rp3472.9tRp646.2tRp216.4t17.8x16x5.4x
Wed, 26 Apr 2023Rp3422.3tRp531.3tRp210.9t18.8x16.2x6.4x
Fri, 24 Mar 2023Rp3326.9tRp634.1tRp206.0t14.6x16.2x5.2x
Sun, 19 Feb 2023Rp3379.9tRp636.0tRp218.4t16.8x15.5x5.3x
Tue, 17 Jan 2023Rp3145.5tRp613.7tRp213.1t15.3x14.8x5.1x
Thu, 15 Dec 2022Rp3395.8tRp618.6tRp218.2t18.5x15.6x5.5x
Sat, 12 Nov 2022Rp3435.6tRp605.6tRp203.8t21.2x16.9x5.7x
Mon, 10 Oct 2022Rp3277.1tRp580.0tRp186.6t24.6x17.6x5.7x
Price to Earnings Ratio

17.6x


Total Market Cap: Rp3277.1tTotal Earnings: Rp186.6tTotal Revenue: Rp580.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Financials Sector Price to Earnings3Y Average 15x202320242025
Current Industry PE
  • Investors are pessimistic on the Indonesian Financials 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 12.9x which is lower than its 3-year average PE of 15.0x.
  • The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 10% per year over the last three years.
  • Revenues for these companies have grown 8.0% 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 Market1.18%
Financials-1.82%
Capital Markets7.30%
Diversified Financial2.17%
Mortgage REITs0%0
Consumer Finance-1.09%
Banks-2.09%
Insurance-2.65%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Consumer Finance industry, which is trading below its 3-year average of 9.4x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 8.4% over the next 5 years.
  • This is better than its past earnings decline of 8.0% per year.
  • In contrast, the Capital Markets industry is expected to see its earnings decline by 33% 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
BNLI Bank PermataRp5.85k13.0%
+Rp24.4t		451.9%PB4.9x
COIN Indokripto Koin SemestaRp3.66k16.6%
+Rp7.6t		n/aPE755.7x
ARTO Bank JagoRp2.20k5.8%
+Rp1.7t		-25.4%PB3.5x
BBYB Bank Neo CommerceRp420.0038.2%
+Rp1.5t		61.5%PB1.4x
BBHI Allo Bank IndonesiaRp1.53k2.7%
+Rp869.1b		66.7%PB4.6x

Latest News

BBNI
Rp4,040.00
Bank Negara Indonesia (Persero)
7D
-3.6%
1Y
-24.8%

Indonesia Digital Trends And Green Bonds Will Reshape Future Lending

With both consensus revenue growth and future P/E forecasts for Bank Negara Indonesia (Persero) remaining stable, analysts have left their fair value price target effectively unchanged at IDR5119. Valuation Changes Summary of Valuation Changes for Bank Negara Indonesia (Persero) The Consensus Analyst Price Target remained effectively unchanged, at IDR5119.
BBRI
Rp3,710.00
Bank Rakyat Indonesia (Persero)
7D
-8.8%
1Y
-24.6%

Government Stimulus And Digital Adoption Will Unlock Market Opportunities

The consensus Analyst Price Target for Bank Rakyat Indonesia (Persero) has decreased, reflecting a lower Future P/E multiple amid stable profit margins, with fair value revised down to IDR4534. What's in the News Bank Rakyat Indonesia (BRI) expanded into Taiwan and East Asia by launching the BRI Taipei Branch, providing integrated financial services such as savings, financing, remittances, deposits, loans, trade finance, and treasury.
PNBN
Rp1,055.00
Bank Pan Indonesia
7D
-5.0%
1Y
-39.7%
LIFE
Rp9,250.00
MSIG Life Insurance Indonesia
7D
-14.9%
1Y
17.1%
BRIS
Rp2,600.00
Bank Syariah Indonesia
7D
-2.6%
1Y
-12.5%
TRIM
Rp488.00
Trimegah Sekuritas Indonesia
7D
21.4%
1Y
73.0%
CASA
Rp1,130.00
Capital Financial Indonesia
7D
-3.0%
1Y
142.5%
SMMA
Rp15,225.00
Sinar Mas Multiartha
7D
-0.8%
1Y
4.3%
BBKP
Rp78.00
Bank KB Indonesia
7D
5.4%
1Y
23.8%
BBYB
Rp420.00
Bank Neo Commerce
7D
38.2%
1Y
61.5%
BBHI
Rp1,525.00
Allo Bank Indonesia
7D
2.7%
1Y
66.7%
ARTO
Rp2,200.00
Bank Jago
7D
5.8%
1Y
-25.4%
BNLI
Rp5,850.00
Bank Permata
7D
13.0%
1Y
451.9%
MEGA
Rp3,390.00
Bank Mega
7D
2.1%
1Y
-30.8%
BBCA
Rp7,500.00
Bank Central Asia
7D
-2.6%
1Y
-28.2%