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Indonesian (IDX) Financials Sector Analysis

UpdatedJul 11, 2026
DataAggregated Company Financials
Companies104
  • 7D2.3%
  • 3M-9.8%
  • 1Y-17.8%
  • YTD-19.8%

In the last week, the Financials industry is up 2.3%, with Bank Central Asia up 2.1%. In the same time, Bank Ina Perdana was down 5.0%. In contrast, the industry has lost 18% in the last 12 months. As for the next few years, earnings are expected to grow by 7.7% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Jul 2026Rp2685.7tRp781.6tRp272.4t14.3x9.9x3.4x
Mon, 08 Jun 2026Rp2460.0tRp758.0tRp262.0t13.4x9.4x3.2x
Wed, 06 May 2026Rp2839.7tRp764.0tRp263.5t15.6x10.8x3.7x
Fri, 03 Apr 2026Rp2901.0tRp750.7tRp254.5t15.3x11.4x3.9x
Sun, 01 Mar 2026Rp3236.4tRp822.1tRp248.4t17.1x13x3.9x
Tue, 27 Jan 2026Rp3309.0tRp730.8tRp241.2t18.5x13.7x4.5x
Thu, 25 Dec 2025Rp3338.2tRp734.4tRp242.8t17.4x13.8x4.5x
Sat, 22 Nov 2025Rp3344.8tRp730.1tRp241.5t15.7x13.8x4.6x
Mon, 20 Oct 2025Rp3073.8tRp730.2tRp248.2t15.4x12.4x4.2x
Wed, 17 Sep 2025Rp3285.8tRp728.1tRp251.2t17x13.1x4.5x
Fri, 15 Aug 2025Rp3371.3tRp727.4tRp251.0t15.9x13.4x4.6x
Sun, 13 Jul 2025Rp3260.7tRp717.1tRp249.6t18.9x13.1x4.5x
Tue, 10 Jun 2025Rp3329.2tRp716.5tRp249.3t18.5x13.4x4.6x
Thu, 08 May 2025Rp3314.9tRp717.9tRp249.8t19.9x13.3x4.6x
Sat, 05 Apr 2025Rp3245.5tRp715.0tRp251.4t19.1x12.9x4.5x
Mon, 03 Mar 2025Rp3046.4tRp715.9tRp253.2t18.1x12x4.3x
Wed, 29 Jan 2025Rp3484.6tRp701.7tRp253.9t19.6x13.7x5x
Fri, 27 Dec 2024Rp3482.1tRp725.0tRp253.5t19.1x13.7x4.8x
Sun, 24 Nov 2024Rp3624.7tRp725.0tRp253.7t19.3x14.3x5x
Tue, 22 Oct 2024Rp3956.5tRp711.5tRp243.3t20.5x16.3x5.6x
Thu, 19 Sep 2024Rp4024.5tRp712.0tRp243.4t20.1x16.5x5.7x
Sat, 17 Aug 2024Rp3753.3tRp711.3tRp242.8t19.1x15.5x5.3x
Mon, 15 Jul 2024Rp3662.8tRp703.8tRp240.4t18.6x15.2x5.2x
Wed, 12 Jun 2024Rp3458.2tRp703.8tRp240.5t17.8x14.4x4.9x
Fri, 10 May 2024Rp3505.2tRp702.2tRp241.0t19.7x14.5x5x
Sun, 07 Apr 2024Rp3835.0tRp670.4tRp240.9t18.3x15.9x5.7x
Tue, 05 Mar 2024Rp3921.4tRp671.3tRp240.9t17.9x16.3x5.8x
Thu, 01 Feb 2024Rp3807.4tRp666.9tRp230.8t18.1x16.5x5.7x
Sat, 30 Dec 2023Rp3681.8tRp667.1tRp229.7t17.5x16x5.5x
Mon, 27 Nov 2023Rp3557.4tRp666.2tRp229.2t17.1x15.5x5.3x
Wed, 25 Oct 2023Rp3397.8tRp657.8tRp225.4t16.6x15.1x5.2x
Fri, 22 Sep 2023Rp3548.8tRp655.5tRp224.6t16.9x15.8x5.4x
Sun, 20 Aug 2023Rp3599.6tRp652.4tRp223.2t17.6x16.1x5.5x
Tue, 18 Jul 2023Rp3571.4tRp647.1tRp216.6t18.9x16.5x5.5x
Price to Earnings Ratio

16.5x


Total Market Cap: Rp3571.4tTotal Earnings: Rp216.6tTotal Revenue: Rp647.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Financials Sector Price to Earnings3Y Average 14.1x202420252026
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 9.9x which is lower than its 3-year average PE of 14.1x.
  • The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 7.9% per year over the last three years.
  • Revenues for these companies have grown 6.5% 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 Market0.42%
Financials2.28%
Consumer Finance3.92%
Insurance3.83%
Diversified Financial3.06%
Banks2.12%
Capital Markets0.38%
Mortgage REITs0%0
Industry PE
  • Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 33.6x.
    • 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 107% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 7.7% 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
BBCA Bank Central AsiaRp6.18k2.1%
+Rp15.4t		-28.4%PB2.9x
BBRI Bank Rakyat Indonesia (Persero)Rp2.79k3.0%
+Rp12.0t		-28.1%PB1.2x
CASA Capital Financial IndonesiaRp2.00k11.1%
+Rp10.9t		102.0%PE869.2x
BMRI Bank Mandiri (Persero)Rp4.08k1.7%
+Rp6.5t		-17.9%PB1.2x
BBNI Bank Negara Indonesia (Persero)Rp3.42k5.2%
+Rp6.3t		-18.2%PB0.8x

Latest News

ARTO
Rp1,135.00
Bank Jago
7D
23.4%
1Y
-37.3%
SMMA
Rp21,425.00
Sinar Mas Multiartha
7D
-0.6%
1Y
35.6%
BBRI
Rp2,790.00
Bank Rakyat Indonesia (Persero)
7D
3.0%
1Y
-28.1%
Narrative Update • Jul 01

BBRI: Share Buyback And Higher Margins Will Support Stronger Earnings Outlook

Analysts have trimmed their price target for Bank Rakyat Indonesia (Persero) from IDR 4,066.90 to IDR 3,745.82, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. 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, to be funded using internal cash resources.
BBHI
Rp915.00
Allo Bank Indonesia
7D
-1.6%
1Y
-19.0%
PADI
Rp73.00
Minna Padi Investama Sekuritas
7D
-18.0%
1Y
114.7%
BBNI
Rp3,420.00
Bank Negara Indonesia (Persero)
7D
5.2%
1Y
-18.2%
Narrative Update • Jun 30

BBNI: Upcoming Dividend Will Support Future Upside Despite Margin Assumptions

Analysts have trimmed their price target for Bank Negara Indonesia (Persero) to IDR 4,622 from IDR 4,788, citing updated assumptions for revenue growth, profit margin and future P/E that are slightly lower than previous estimates, and a marginally reduced discount rate. What's in the News There are no recent news items for Bank Negara Indonesia (Persero) available from the provided primary sources.
BMRI
Rp4,080.00
Bank Mandiri (Persero)
7D
1.7%
1Y
-17.9%
Narrative Update • Jun 29

BMRI: Refreshed Assumptions And Lower Future P/E Will Likely Keep Shares Fairly Valued

Analysts have adjusted their fair value estimate for Bank Mandiri (Persero) from IDR 4,117.56 to IDR 3,877.14, reflecting updated assumptions on the discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Bank Mandiri (Persero) No specific recent news items are available from the provided sources for Bank Mandiri (Persero) as of 24 Jun 2026.
BDMN
Rp4,140.00
Bank Danamon Indonesia
7D
8.1%
1Y
70.4%
Narrative Update • Jun 23

BDMN: Planned MUFG Integration Will Sustain Overvaluation Concerns Despite 2026 Dividend

For Bank Danamon Indonesia, analysts have reiterated a price target of IDR 2,590, with only marginal model tweaks to the discount rate, revenue growth, profit margin and forward P/E assumptions informing this unchanged view. What’s in the News for Bank Danamon Indonesia On May 11, 2026, MUFG Bank, Ltd., Jakarta Branch signed a memorandum of understanding to acquire PT Bank Danamon Indonesia Tbk from MUFG Bank, Ltd.
BBCA
Rp6,175.00
Bank Central Asia
7D
2.1%
1Y
-28.4%
BNLI
Rp2,390.00
Bank Permata
7D
2.6%
1Y
-14.6%
APIC
Rp635.00
Pacific Strategic Financial
7D
-5.2%
1Y
-46.4%
BRIS
Rp1,730.00
Bank Syariah Indonesia
7D
-1.1%
1Y
-37.8%
CASA
Rp2,000.00
Capital Financial Indonesia
7D
11.1%
1Y
102.0%
BSIM
Rp690.00
Bank Sinarmas
7D
-1.4%
1Y
-24.2%
COIN
Rp640.00
Indokripto Koin Semesta
7D
-3.8%
1Y
162.3%
BINA
Rp3,770.00
Bank Ina Perdana
7D
-5.0%
1Y
-13.9%