Narrative Update • May 19
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Indonesian (IDX) Financials Sector Analysis
UpdatedMay 27, 2026
DataAggregated Company Financials
Companies105
- 7D0.5%
- 3M-17.2%
- 1Y-22.3%
- YTD-18.3%
Last week, the Financials industry hasn't moved much but Sinar Mas Multiartha is up 7.6% in that time. Unfortunately though, the industry is down 22% over the past 12 months. As for the next few years, earnings are expected to grow by 6.8% per annum.
Sector Valuation and Performance
Has the Indonesian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 27 May 2026 | Rp2738.0t | Rp763.6t | Rp262.6t | 13.9x | 10.4x | 3.6x |
| Fri, 24 Apr 2026 | Rp2918.3t | Rp754.4t | Rp259.7t | 16.8x | 11.2x | 3.9x |
| Sun, 22 Mar 2026 | Rp2975.0t | Rp748.6t | Rp254.3t | 15.9x | 11.7x | 4x |
| Tue, 17 Feb 2026 | Rp3192.6t | Rp734.7t | Rp246.6t | 16.7x | 12.9x | 4.3x |
| Thu, 15 Jan 2026 | Rp3349.9t | Rp729.8t | Rp241.3t | 18.2x | 13.9x | 4.6x |
| Sat, 13 Dec 2025 | Rp3246.2t | Rp734.4t | Rp242.8t | 17.6x | 13.4x | 4.4x |
| Mon, 10 Nov 2025 | Rp3373.2t | Rp731.1t | Rp241.5t | 16.2x | 14x | 4.6x |
| Wed, 08 Oct 2025 | Rp3205.8t | Rp728.8t | Rp248.3t | 16.6x | 12.9x | 4.4x |
| Fri, 05 Sep 2025 | Rp3289.1t | Rp728.1t | Rp251.2t | 17.3x | 13.1x | 4.5x |
| Sun, 03 Aug 2025 | Rp3172.3t | Rp725.7t | Rp249.9t | 16.2x | 12.7x | 4.4x |
| Tue, 01 Jul 2025 | Rp3253.4t | Rp716.6t | Rp249.6t | 19.1x | 13x | 4.5x |
| Thu, 29 May 2025 | Rp3489.7t | Rp717.0t | Rp249.8t | 19.5x | 14x | 4.9x |
| Sat, 26 Apr 2025 | Rp3182.6t | Rp715.7t | Rp252.8t | 18.9x | 12.6x | 4.4x |
| Mon, 24 Mar 2025 | Rp2983.9t | Rp715.6t | Rp252.8t | 17.8x | 11.8x | 4.2x |
| Wed, 19 Feb 2025 | Rp3429.5t | Rp712.4t | Rp251.3t | 18.9x | 13.6x | 4.8x |
| Fri, 17 Jan 2025 | Rp3494.1t | Rp687.8t | Rp251.7t | 19.4x | 13.9x | 5.1x |
| Sun, 15 Dec 2024 | Rp3576.3t | Rp724.8t | Rp253.4t | 19.7x | 14.1x | 4.9x |
| Tue, 12 Nov 2024 | Rp3682.0t | Rp724.9t | Rp253.8t | 20.1x | 14.5x | 5.1x |
| Thu, 10 Oct 2024 | Rp3879.9t | Rp711.4t | Rp243.3t | 20x | 15.9x | 5.5x |
| Sat, 07 Sep 2024 | Rp3863.7t | Rp712.0t | Rp243.4t | 19.3x | 15.9x | 5.4x |
| Mon, 05 Aug 2024 | Rp3722.1t | Rp719.3t | Rp242.6t | 19.8x | 15.3x | 5.2x |
| Wed, 03 Jul 2024 | Rp3542.4t | Rp703.0t | Rp240.4t | 17.6x | 14.7x | 5x |
| Fri, 31 May 2024 | Rp3369.4t | Rp703.3t | Rp240.3t | 18.4x | 14x | 4.8x |
| Sun, 28 Apr 2024 | Rp3622.4t | Rp705.7t | Rp241.6t | 19.5x | 15x | 5.1x |
| Tue, 26 Mar 2024 | Rp4050.1t | Rp670.2t | Rp241.1t | 17.7x | 16.8x | 6x |
| Thu, 22 Feb 2024 | Rp4020.8t | Rp671.5t | Rp241.4t | 18.5x | 16.7x | 6x |
| Sat, 20 Jan 2024 | Rp3800.2t | Rp665.5t | Rp229.8t | 17.7x | 16.5x | 5.7x |
| Mon, 18 Dec 2023 | Rp3609.6t | Rp667.0t | Rp229.6t | 17.3x | 15.7x | 5.4x |
| Wed, 15 Nov 2023 | Rp3444.9t | Rp666.4t | Rp229.3t | 16.9x | 15x | 5.2x |
| Fri, 13 Oct 2023 | Rp3352.1t | Rp655.2t | Rp224.3t | 16.8x | 14.9x | 5.1x |
| Sun, 10 Sep 2023 | Rp3543.7t | Rp655.3t | Rp224.5t | 17.5x | 15.8x | 5.4x |
| Tue, 08 Aug 2023 | Rp3637.4t | Rp653.5t | Rp222.8t | 17.8x | 16.3x | 5.6x |
| Thu, 06 Jul 2023 | Rp3518.8t | Rp646.4t | Rp216.5t | 17.8x | 16.3x | 5.4x |
| Sat, 03 Jun 2023 | Rp3448.0t | Rp646.2t | Rp216.4t | 17.5x | 15.9x | 5.3x |
Price to Earnings Ratio
15.9x
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 10.4x which is lower than its 3-year average PE of 14.3x.
- The 3-year average PS ratio of 4.9x 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 6.7% per year over the last three years.
- Revenues for these companies have grown 5.7% 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 Market | -4.64% | |
| Financials | 0.46% | |
| Insurance | 1.77% | |
| Banks | 0.52% | |
| Mortgage REITs | 0% | 0 |
| Capital Markets | -3.62% | |
| Diversified Financial | -4.21% | |
| Consumer Finance | -4.26% | |
Industry PE
- Investors are most optimistic about the Insurance industry even though it's trading below its 3-year average PE ratio of 33.3x.
- 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 Consumer Finance industry, expecting annual earnings growth of 8.7% over the next 5 years.
- This is better than its past earnings decline of 7.2% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 6.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SMMA Sinar Mas Multiartha | Rp18.05k | 7.6% +Rp8.1t | 14.2% | PE38.3x | |
| BRIS Bank Syariah Indonesia | Rp1.93k | 9.0% +Rp7.4t | -34.6% | PB1.8x | |
| BBRI Bank Rakyat Indonesia (Persero) | Rp3.07k | 1.0% +Rp4.5t | -29.7% | PB1.4x | |
| BDMN Bank Danamon Indonesia | Rp4.74k | 7.5% +Rp3.2t | 91.9% | PB0.9x | |
| BBCA Bank Central Asia | Rp5.98k | 0.4% +Rp3.1t | -36.8% | PB2.8x |
