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Indonesian (IDX) Financials Sector Analysis

UpdatedNov 18, 2025
DataAggregated Company Financials
Companies106
  • 7D0.5%
  • 3M-0.5%
  • 1Y-7.8%
  • YTD-4.2%

Over the last 7 days, the Financials industry has remained flat, although notably Bank Permata declined by 3.3%. Unfortunately though, the industry is down 7.6% over the past 12 months. Earnings are forecast to grow by 9.1% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Nov 2025Rp3359.1tRp729.8tRp241.6t16.3x13.9x4.6x
Fri, 17 Oct 2025Rp3053.4tRp730.1tRp248.2t15.8x12.3x4.2x
Sun, 14 Sep 2025Rp3294.7tRp728.1tRp251.2t17.1x13.1x4.5x
Tue, 12 Aug 2025Rp3265.9tRp727.5tRp251.1t15.8x13x4.5x
Thu, 10 Jul 2025Rp3164.1tRp716.8tRp249.7t18.4x12.7x4.4x
Sat, 07 Jun 2025Rp3329.2tRp717.0tRp249.8t18.5x13.3x4.6x
Mon, 05 May 2025Rp3296.1tRp718.7tRp250.0t19.7x13.2x4.6x
Wed, 02 Apr 2025Rp3245.4tRp715.0tRp250.9t19.1x12.9x4.5x
Fri, 28 Feb 2025Rp3138.4tRp714.3tRp252.4t17.6x12.4x4.4x
Sun, 26 Jan 2025Rp3484.6tRp698.9tRp253.0t19.6x13.8x5x
Tue, 24 Dec 2024Rp3495.9tRp725.0tRp253.5t19.2x13.8x4.8x
Thu, 21 Nov 2024Rp3634.9tRp724.9tRp253.8t19.5x14.3x5x
Sat, 19 Oct 2024Rp3950.2tRp711.4tRp243.3t20.3x16.2x5.6x
Mon, 16 Sep 2024Rp3944.2tRp712.0tRp243.4t20.1x16.2x5.5x
Wed, 14 Aug 2024Rp3717.4tRp711.3tRp242.8t18.7x15.3x5.2x
Fri, 12 Jul 2024Rp3640.7tRp703.8tRp240.4t18.6x15.1x5.2x
Sun, 09 Jun 2024Rp3438.7tRp703.8tRp240.4t18.1x14.3x4.9x
Tue, 07 May 2024Rp3580.4tRp702.4tRp241.1t19.5x14.9x5.1x
Thu, 04 Apr 2024Rp3783.0tRp670.1tRp241.1t19.7x15.7x5.6x
Sat, 02 Mar 2024Rp3948.3tRp671.3tRp240.9t18.1x16.4x5.9x
Mon, 29 Jan 2024Rp3706.8tRp667.3tRp230.3t18x16.1x5.6x
Wed, 27 Dec 2023Rp3642.0tRp667.1tRp229.7t17.2x15.9x5.5x
Fri, 24 Nov 2023Rp3534.4tRp666.2tRp229.2t17.1x15.4x5.3x
Sun, 22 Oct 2023Rp3437.0tRp657.7tRp225.4t16.8x15.2x5.2x
Tue, 19 Sep 2023Rp3531.9tRp655.2tRp224.4t16.8x15.7x5.4x
Thu, 17 Aug 2023Rp3604.6tRp652.4tRp223.0t18.1x16.2x5.5x
Sat, 15 Jul 2023Rp3541.6tRp647.1tRp216.6t19.4x16.4x5.5x
Mon, 12 Jun 2023Rp3470.8tRp646.5tRp216.5t17.2x16x5.4x
Wed, 10 May 2023Rp3378.1tRp650.6tRp214.9t18.9x15.7x5.2x
Fri, 07 Apr 2023Rp3370.1tRp633.7tRp205.4t17.9x16.4x5.3x
Sun, 05 Mar 2023Rp3298.4tRp632.6tRp218.9t17x15.1x5.2x
Tue, 31 Jan 2023Rp3309.4tRp617.5tRp214.6t16.4x15.4x5.4x
Thu, 29 Dec 2022Rp3315.3tRp613.7tRp213.1t17.3x15.6x5.4x
Sat, 26 Nov 2022Rp3439.8tRp610.3tRp211.8t20x16.2x5.6x
Price to Earnings Ratio

16.2x


Total Market Cap: Rp3439.8tTotal Earnings: Rp211.8tTotal Revenue: Rp610.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Financials Sector Price to Earnings3Y Average 14.9x202320242025
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 14.9x.
  • The 3-year average PS ratio of 5.1x is higher than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 4.5% per year over the last three years.
  • Revenues for these companies have grown 6.1% 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 Market0.00092%
Financials0.52%
Diversified Financial1.26%
Consumer Finance0.79%
Banks0.54%
Insurance0.29%
Capital Markets0.24%
Mortgage REITs0%0
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 32.1x.
    • Analysts are expecting annual earnings growth of 81.2%, 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 81% 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
BBRI Bank Rakyat Indonesia (Persero)Rp3.97k2.1%
+Rp12.0t		-8.9%PB1.8x
BMRI Bank Mandiri (Persero)Rp4.79k2.4%
+Rp10.3t		-23.4%PB1.6x
BNGA Bank CIMB NiagaRp1.82k4.6%
+Rp2.0t		2.8%PB0.8x
BBNI Bank Negara Indonesia (Persero)Rp4.46k0.9%
+Rp1.5t		-8.0%PB1x
COIN Indokripto Koin SemestaRp3.27k2.2%
+Rp1.0t		n/aPE524.7x

Latest News

BMRI
Rp4,790.00
Bank Mandiri (Persero)
7D
2.4%
1Y
-23.4%

BMRI: Government Liquidity Support Will Drive Improved Profit Outlook

Analysts have increased their price target for Bank Mandiri (Persero) from IDR 5,439 to IDR 5,467. They cite anticipated benefits from supportive government liquidity measures as the rationale for their updated outlook.
SRTG
Rp1,595.00
Saratoga Investama Sedaya
7D
-4.5%
1Y
-25.1%
BRIS
Rp2,470.00
Bank Syariah Indonesia
7D
-1.2%
1Y
-11.2%
BBNI
Rp4,460.00
Bank Negara Indonesia (Persero)
7D
0.9%
1Y
-8.0%

BBNI: Liquidity Injection Will Strengthen Funding Profile and Earnings Outlook

Analysts have slightly reduced their price target for Bank Negara Indonesia (Persero) from IDR 5,067.10 to IDR 5,043.43, citing expectations of stronger revenue growth and improved profit margins, supported by favorable developments in government banking sector policy. Analyst Commentary Bullish analysts have cited several factors supporting an improved outlook for Bank Negara Indonesia (Persero), underpinned by anticipated benefits from government policy and recent sector developments.
BSWD
Rp900.00
Bank of India Indonesia
7D
-10.0%
1Y
n/a
BSIM
Rp860.00
Bank Sinarmas
7D
-1.7%
1Y
11.0%
NISP
Rp1,390.00
Bank OCBC NISP
7D
1.5%
1Y
3.7%
CASA
Rp1,090.00
Capital Financial Indonesia
7D
0.9%
1Y
107.6%
COIN
Rp3,270.00
Indokripto Koin Semesta
7D
2.2%
1Y
n/a
MEGA
Rp3,250.00
Bank Mega
7D
-1.2%
1Y
-31.6%
BNGA
Rp1,820.00
Bank CIMB Niaga
7D
4.6%
1Y
2.8%
BBRI
Rp3,970.00
Bank Rakyat Indonesia (Persero)
7D
2.1%
1Y
-8.9%
ARTO
Rp1,980.00
Bank Jago
7D
-5.3%
1Y
-22.4%
BNLI
Rp5,100.00
Bank Permata
7D
-3.3%
1Y
372.2%
SMMA
Rp13,000.00
Sinar Mas Multiartha
7D
-0.6%
1Y
-11.0%
PNLF
Rp250.00
Panin Financial
7D
5.9%
1Y
-46.1%