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Indonesian (IDX) Financials Sector Analysis

UpdatedAug 26, 2026
DataAggregated Company Financials
Companies104
  • 7D1.3%
  • 3M2.1%
  • 1Y-17.5%
  • YTD-16.6%

The Financials is pretty flat in the last 7 days, but Bank Rakyat Indonesia (Persero) has stood out, gaining 3.2%. As for the longer term, the industry has declined 18% in the last year. Looking forward, earnings are forecast to grow by 7.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 26 Aug 2026Rp2796.1tRp784.7tRp278.5t15.3x10x3.6x
Fri, 24 Jul 2026Rp2780.9tRp783.0tRp272.9t15.2x10.2x3.6x
Sun, 21 Jun 2026Rp2775.6tRp771.6tRp273.4t14.2x10.2x3.6x
Tue, 19 May 2026Rp2767.5tRp764.4tRp263.8t14.6x10.5x3.6x
Thu, 16 Apr 2026Rp2956.8tRp753.3tRp257.1t16.6x11.5x3.9x
Sat, 14 Mar 2026Rp2970.2tRp741.6tRp247.3t16.1x12x4x
Mon, 09 Feb 2026Rp3244.3tRp728.5tRp241.7t16.5x13.4x4.5x
Wed, 07 Jan 2026Rp3384.1tRp730.2tRp241.5t19x14x4.6x
Fri, 05 Dec 2025Rp3312.2tRp734.3tRp242.8t17.7x13.6x4.5x
Sun, 02 Nov 2025Rp3370.3tRp734.3tRp245.0t15.5x13.8x4.6x
Tue, 30 Sep 2025Rp3280.5tRp730.5tRp248.8t16.4x13.2x4.5x
Thu, 28 Aug 2025Rp3357.9tRp727.8tRp251.0t16.8x13.4x4.6x
Sat, 26 Jul 2025Rp3265.6tRp717.4tRp249.6t18.6x13.1x4.6x
Mon, 23 Jun 2025Rp3210.5tRp716.3tRp249.6t19.1x12.9x4.5x
Wed, 21 May 2025Rp3460.5tRp717.0tRp249.8t20.6x13.9x4.8x
Fri, 18 Apr 2025Rp3120.8tRp715.6tRp252.7t18x12.4x4.4x
Sun, 16 Mar 2025Rp3186.5tRp715.5tRp252.8t18.6x12.6x4.5x
Tue, 11 Feb 2025Rp3292.5tRp713.8tRp252.3t18.3x13.1x4.6x
Thu, 09 Jan 2025Rp3444.6tRp725.6tRp253.6t19.1x13.6x4.7x
Sat, 07 Dec 2024Rp3647.0tRp725.0tRp253.5t19.8x14.4x5x
Mon, 04 Nov 2024Rp3811.0tRp734.7tRp253.7t19.6x15x5.2x
Wed, 02 Oct 2024Rp3917.9tRp712.0tRp243.3t19.9x16.1x5.5x
Fri, 30 Aug 2024Rp3852.7tRp711.2tRp243.1t19.8x15.8x5.4x
Sun, 28 Jul 2024Rp3679.9tRp702.7tRp239.9t18.3x15.3x5.2x
Tue, 25 Jun 2024Rp3448.0tRp703.8tRp240.4t18.2x14.3x4.9x
Thu, 23 May 2024Rp3511.9tRp702.9tRp240.4t19.6x14.6x5x
Sat, 20 Apr 2024Rp3740.5tRp701.5tRp240.0t18.3x15.6x5.3x
Mon, 18 Mar 2024Rp4005.5tRp670.2tRp241.1t17.5x16.6x6x
Wed, 14 Feb 2024Rp3912.4tRp669.0tRp240.1t18.3x16.3x5.8x
Fri, 12 Jan 2024Rp3777.3tRp665.5tRp229.8t18x16.4x5.7x
Sun, 10 Dec 2023Rp3477.9tRp666.8tRp229.6t17.3x15.1x5.2x
Tue, 07 Nov 2023Rp3500.7tRp660.5tRp226.0t17x15.5x5.3x
Thu, 05 Oct 2023Rp3541.4tRp655.2tRp224.3t16.5x15.8x5.4x
Sat, 02 Sep 2023Rp3600.7tRp653.4tRp224.5t17.5x16x5.5x
Price to Earnings Ratio

16x


Total Market Cap: Rp3600.7tTotal Earnings: Rp224.5tTotal Revenue: Rp653.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Financials Sector Price to Earnings3Y Average 13.8x202420252026
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 10.0x which is lower than its 3-year average PE of 13.8x.
  • The 3-year average PS ratio of 4.8x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 7.5% per year over the last three years.
  • Revenues for these companies have grown 6.3% 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 Market0.47%
Financials1.25%
Diversified Financial13.60%
Capital Markets4.66%
Banks1.53%
Mortgage REITs0%0
Insurance-1.64%
Consumer Finance-2.32%
Industry PE
  • Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 34.2x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 71% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 7.2% 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
BBRI Bank Rakyat Indonesia (Persero)Rp3.18k3.2%
+Rp15.1t		-23.7%PB1.4x
BBCA Bank Central AsiaRp6.40k1.6%
+Rp12.3t		-22.4%PB2.9x
BMRI Bank Mandiri (Persero)Rp4.20k1.2%
+Rp4.7t		-14.3%PB1.4x
BBNI Bank Negara Indonesia (Persero)Rp3.68k2.5%
+Rp3.3t		-18.9%PB0.8x
COIN Indokripto Koin SemestaRp845.0018.2%
+Rp1.9t		-64.5%PS50.5x

Latest News

ARTO
Rp1,005.00
Bank Jago
7D
-11.5%
1Y
-55.7%
BBCA
Rp6,400.00
Bank Central Asia
7D
1.6%
1Y
-22.4%
BRIS
Rp1,805.00
Bank Syariah Indonesia
7D
0.8%
1Y
-34.6%
COIN
Rp845.00
Indokripto Koin Semesta
7D
18.2%
1Y
-64.5%
BSWD
Rp1,490.00
Bank of India Indonesia
7D
32.4%
1Y
4.6%
TUGU
Rp1,380.00
Asuransi Tugu Pratama Indonesia
7D
-3.2%
1Y
40.8%
BNGA
Rp1,675.00
Bank CIMB Niaga
7D
-0.9%
1Y
-2.9%
BMRI
Rp4,200.00
Bank Mandiri (Persero)
7D
1.2%
1Y
-14.3%
Narrative Update • Aug 10

BMRI: Share Buyback Authorization Will Support Future Upside Potential

Analysts have reset their price target for Bank Mandiri (Persero) from IDR 7,645.93 to IDR 6,800, reflecting updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Bank Mandiri (Persero) No recent news stories for Bank Mandiri (Persero) are available from the provided sources at this time.
BBNI
Rp3,680.00
Bank Negara Indonesia (Persero)
7D
2.5%
1Y
-18.9%
Narrative Update • Aug 07

BBNI: Share Repurchase Plan Will Support Future Upside Potential

Analysts now see Bank Negara Indonesia (Persero) trading closer to their updated fair value estimate of IDR 4,462 per share, slightly below the previous IDR 4,622 target, reflecting revised assumptions for revenue growth, margins, discount rate, and future P/E. What’s in the News for Bank Negara Indonesia (Persero) PT Bank Negara Indonesia (Persero) Tbk announces a share repurchase program of up to IDR 627,000 million, funded from internal cash, with the aim of maintaining capital market performance and stability during periods of significant market fluctuations.
PNLF
Rp230.00
Panin Financial
7D
-3.4%
1Y
-12.9%
CASA
Rp1,815.00
Capital Financial Indonesia
7D
-3.2%
1Y
62.8%
BDMN
Rp4,270.00
Bank Danamon Indonesia
7D
-0.7%
1Y
66.8%
SMMA
Rp20,025.00
Sinar Mas Multiartha
7D
-0.7%
1Y
31.1%
BFIN
Rp860.00
BFI Finance Indonesia
7D
-7.5%
1Y
0.6%
BBRI
Rp3,180.00
Bank Rakyat Indonesia (Persero)
7D
3.2%
1Y
-23.7%
Narrative Update • Jul 16

BBRI: MESOP Buyback Plan Will Shape Steady Fair Value Outlook

Analysts have trimmed their price target for Bank Rakyat Indonesia (Persero) from IDR 2,828 to IDR 2,730, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E levels. What’s in the News for Bank Rakyat Indonesia (Persero) PT Bank Rakyat Indonesia (Persero) Tbk announces a share repurchase program of up to IDR 500,000 million, financed through internal cash resources, for use in the Employee and Management Stock Ownership Programme (MESOP).
SRTG
Rp1,935.00
Saratoga Investama Sedaya
7D
3.8%
1Y
6.3%