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Indonesian (IDX) Financials Sector Analysis

UpdatedJan 04, 2026
DataAggregated Company Financials
Companies107
  • 7D-0.03%
  • 3M3.5%
  • 1Y-6.1%
  • YTD0%

The Financials is pretty flat in the last 7 days, but Sinar Mas Multiartha has stood out, gaining 6.8%. Unfortunately though, the industry is down 6.1% over the past 12 months. Earnings are forecast to grow by 8.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Jan 2026Rp3335.9tRp734.4tRp242.8t18x13.7x4.5x
Tue, 02 Dec 2025Rp3320.1tRp734.3tRp242.8t17.5x13.7x4.5x
Thu, 30 Oct 2025Rp3359.2tRp733.1tRp245.8t16.1x13.7x4.6x
Sat, 27 Sep 2025Rp3279.7tRp730.7tRp248.8t16.5x13.2x4.5x
Mon, 25 Aug 2025Rp3362.6tRp727.8tRp251.0t16.4x13.4x4.6x
Wed, 23 Jul 2025Rp3208.0tRp717.2tRp249.6t18.7x12.9x4.5x
Fri, 20 Jun 2025Rp3231.2tRp716.2tRp249.6t18.7x12.9x4.5x
Sun, 18 May 2025Rp3450.7tRp717.0tRp249.8t20.4x13.8x4.8x
Tue, 15 Apr 2025Rp3143.0tRp715.1tRp252.4t17.4x12.5x4.4x
Thu, 13 Mar 2025Rp3289.6tRp715.4tRp252.9t18.1x13x4.6x
Sat, 08 Feb 2025Rp3352.4tRp715.3tRp252.7t19x13.3x4.7x
Mon, 06 Jan 2025Rp3502.2tRp726.2tRp253.6t19.1x13.8x4.8x
Wed, 04 Dec 2024Rp3651.1tRp725.0tRp253.5t20.3x14.4x5x
Fri, 01 Nov 2024Rp3814.6tRp731.3tRp249.2t20x15.3x5.2x
Sun, 29 Sep 2024Rp3949.1tRp712.0tRp243.3t20.6x16.2x5.5x
Tue, 27 Aug 2024Rp3870.5tRp711.2tRp243.1t20.1x15.9x5.4x
Thu, 25 Jul 2024Rp3682.6tRp703.8tRp240.5t18.5x15.3x5.2x
Sat, 22 Jun 2024Rp3381.5tRp703.8tRp240.4t18x14.1x4.8x
Mon, 20 May 2024Rp3660.6tRp702.9tRp240.3t19.5x15.2x5.2x
Wed, 17 Apr 2024Rp3835.3tRp701.2tRp240.0t18.3x16x5.5x
Fri, 15 Mar 2024Rp4072.8tRp670.1tRp241.1t17.6x16.9x6.1x
Sun, 11 Feb 2024Rp3869.5tRp666.0tRp240.1t18.2x16.1x5.8x
Tue, 09 Jan 2024Rp3751.0tRp665.5tRp229.8t18x16.3x5.6x
Thu, 07 Dec 2023Rp3538.3tRp666.0tRp229.0t18.4x15.5x5.3x
Sat, 04 Nov 2023Rp3427.9tRp660.7tRp226.0t16.9x15.2x5.2x
Mon, 02 Oct 2023Rp3506.7tRp655.2tRp224.3t16.9x15.6x5.4x
Wed, 30 Aug 2023Rp3597.9tRp652.4tRp223.2t17.4x16.1x5.5x
Fri, 28 Jul 2023Rp3603.2tRp651.7tRp219.4t19.7x16.4x5.5x
Sun, 25 Jun 2023Rp3461.4tRp646.4tRp216.5t17.2x16x5.4x
Tue, 23 May 2023Rp3422.1tRp651.6tRp216.1t18.2x15.8x5.3x
Thu, 20 Apr 2023Rp3422.2tRp634.0tRp206.3t18.8x16.6x5.4x
Sat, 18 Mar 2023Rp3222.1tRp620.3tRp205.8t15.3x15.7x5.2x
Mon, 13 Feb 2023Rp3378.4tRp647.5tRp218.1t16.5x15.5x5.2x
Wed, 11 Jan 2023Rp3122.4tRp613.7tRp213.1t15.7x14.7x5.1x
Price to Earnings Ratio

14.7x


Total Market Cap: Rp3122.4tTotal Earnings: Rp213.1tTotal Revenue: Rp613.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Financials Sector Price to Earnings3Y Average 14.8x202420252026
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 14.8x.
  • The 3-year average PS ratio of 5.1x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 4.4% per year over the last three years.
  • Revenues for these companies have grown 6.2% 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 Market2.69%
Financials-0.033%
Capital Markets4.55%
Insurance3.49%
Diversified Financial1.51%
Consumer Finance0.76%
Mortgage REITs0%0
Banks-0.48%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 35.2x.
    • 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
SMMA Sinar Mas MultiarthaRp13.78k6.8%
+Rp5.6t		-5.7%PE29.2x
COIN Indokripto Koin SemestaRp3.94k9.7%
+Rp5.1t		n/aPE632.2x
BMRI Bank Mandiri (Persero)Rp5.08k0.5%
+Rp2.3t		-12.5%PB1.7x
PNBN Bank Pan IndonesiaRp1.14k6.0%
+Rp1.6t		-37.9%PB0.5x
SRTG Saratoga Investama SedayaRp1.55k6.2%
+Rp1.2t		-23.6%PB0.4x

Latest News

APIC
Rp1,405.00
Pacific Strategic Financial
7D
-8.5%
1Y
27.1%
BMRI
Rp5,075.00
Bank Mandiri (Persero)
7D
0.5%
1Y
-12.5%
BBRI
Rp3,640.00
Bank Rakyat Indonesia (Persero)
7D
-3.4%
1Y
-12.3%

BBRI: Stronger Revenue Outlook Will Support Upcoming Governance And Management Changes

Analysts have maintained their price target for Bank Rakyat Indonesia (Persero) at IDR 5,400, citing slightly lower discount rate assumptions and stronger expected revenue growth, which are offset by more conservative profit margin and future valuation forecasts. What's in the News Scheduled Special or Extraordinary Shareholders Meeting on December 17, 2025, at 07:00 UTC in Jakarta, Indonesia, to address key corporate matters (company filing) Proposed amendment to the Company’s Articles of Association, potentially affecting governance provisions and long term strategic flexibility (company filing) Planned delegation of authority for approval of the 2026 Corporate Work Plan and Budget, indicating preparations for next year’s operational targets (company filing) Agenda includes potential changes to the composition of the Company’s management, which could affect leadership continuity and execution of strategic initiatives (company filing) Valuation Changes The consensus analyst price target remains unchanged at IDR 5,400 per share, indicating stable fair value expectations.
BACA
Rp226.00
Bank Capital Indonesia
7D
20.9%
1Y
73.8%
BBNI
Rp4,260.00
Bank Negara Indonesia (Persero)
7D
-0.2%
1Y
-6.2%

BBNI: Revenue Momentum And Governance Changes Will Drive Shares Higher

Analysts have trimmed their price target for Bank Negara Indonesia (Persero) from IDR 6,000 to IDR 5,700, reflecting a slightly lower profit margin outlook and valuation multiple, partly offset by improved assumptions for revenue growth and a modestly reduced discount rate. What's in the News Bank Negara Indonesia (Persero) has scheduled a Special or Extraordinary Shareholders Meeting for December 15, 2025, at 14:00 SE Asia Standard Time to address several strategic corporate matters (company disclosure).
PNBN
Rp1,140.00
Bank Pan Indonesia
7D
6.0%
1Y
-37.9%
SRTG
Rp1,550.00
Saratoga Investama Sedaya
7D
6.2%
1Y
-23.6%
BRIS
Rp2,160.00
Bank Syariah Indonesia
7D
-3.1%
1Y
-21.2%
COIN
Rp3,940.00
Indokripto Koin Semesta
7D
9.7%
1Y
n/a
BNII
Rp210.00
Bank Maybank Indonesia
7D
-0.9%
1Y
1.0%
BNGA
Rp1,770.00
Bank CIMB Niaga
7D
1.7%
1Y
0%
BMAS
Rp645.00
Bank Maspion Indonesia
7D
-5.1%
1Y
11.2%
BNLI
Rp5,025.00
Bank Permata
7D
-1.0%
1Y
402.5%
BTPS
Rp1,210.00
Bank BTPN Syariah
7D
-3.2%
1Y
31.5%
SMMA
Rp13,775.00
Sinar Mas Multiartha
7D
6.8%
1Y
-5.7%
PNLF
Rp278.00
Panin Financial
7D
10.3%
1Y
-36.2%