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Indonesian (IDX) Financials Sector Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies106
  • 7D2.7%
  • 3M-11.6%
  • 1Y-5.4%
  • YTD-11.2%

In the last week, the Financials industry is up 2.7%, with Bank Mega leading the way with a 39% gain. During this same period, the Bank OCBC NISP underperformed, falling 8.4%. In the past year, the industry is down 5.4%. Earnings are forecast to grow by 7.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026Rp2980.0tRp752.7tRp257.1t16x11.6x4x
Tue, 10 Mar 2026Rp3006.5tRp741.2tRp247.3t16x12.2x4.1x
Thu, 05 Feb 2026Rp3281.0tRp728.0tRp241.6t17x13.6x4.5x
Sat, 03 Jan 2026Rp3335.9tRp734.4tRp242.8t18x13.7x4.5x
Mon, 01 Dec 2025Rp3304.1tRp734.3tRp242.8t17.5x13.6x4.5x
Wed, 29 Oct 2025Rp3285.9tRp733.1tRp245.8t16.1x13.4x4.5x
Fri, 26 Sep 2025Rp3307.0tRp730.7tRp248.8t16.7x13.3x4.5x
Sun, 24 Aug 2025Rp3362.6tRp727.8tRp251.0t16.4x13.4x4.6x
Tue, 22 Jul 2025Rp3205.9tRp717.2tRp249.6t18.9x12.8x4.5x
Thu, 19 Jun 2025Rp3292.0tRp716.2tRp249.6t19.2x13.2x4.6x
Sat, 17 May 2025Rp3437.6tRp717.0tRp249.9t20.4x13.8x4.8x
Mon, 14 Apr 2025Rp3122.1tRp715.1tRp252.4t17.4x12.4x4.4x
Wed, 12 Mar 2025Rp3229.7tRp715.4tRp252.9t18.3x12.8x4.5x
Fri, 07 Feb 2025Rp3284.0tRp702.3tRp253.9t19.1x12.9x4.7x
Sun, 05 Jan 2025Rp3502.2tRp724.9tRp253.5t19.2x13.8x4.8x
Tue, 03 Dec 2024Rp3543.3tRp725.0tRp253.5t19.6x14x4.9x
Thu, 31 Oct 2024Rp3814.5tRp729.0tRp247.1t20.1x15.4x5.2x
Sat, 28 Sep 2024Rp3964.8tRp712.0tRp243.4t20.6x16.3x5.6x
Mon, 26 Aug 2024Rp3870.5tRp711.3tRp243.1t20.1x15.9x5.4x
Wed, 24 Jul 2024Rp3682.3tRp703.8tRp240.5t17.3x15.3x5.2x
Fri, 21 Jun 2024Rp3281.7tRp703.8tRp240.4t18.5x13.6x4.7x
Sun, 19 May 2024Rp3660.6tRp701.8tRp240.9t19.5x15.2x5.2x
Tue, 16 Apr 2024Rp3835.3tRp701.3tRp240.0t18.3x16x5.5x
Thu, 14 Mar 2024Rp4067.0tRp670.1tRp241.1t17.6x16.9x6.1x
Sat, 10 Feb 2024Rp3869.5tRp666.7tRp240.8t18.2x16.1x5.8x
Mon, 08 Jan 2024Rp3769.1tRp667.0tRp229.6t18x16.4x5.7x
Wed, 06 Dec 2023Rp3576.5tRp666.5tRp229.1t17.6x15.6x5.4x
Fri, 03 Nov 2023Rp3339.2tRp660.6tRp225.5t17x14.8x5.1x
Sun, 01 Oct 2023Rp3506.7tRp655.2tRp224.3t16.9x15.6x5.4x
Tue, 29 Aug 2023Rp3597.9tRp652.4tRp223.2t17.4x16.1x5.5x
Thu, 27 Jul 2023Rp3590.7tRp646.7tRp216.5t19.4x16.6x5.6x
Sat, 24 Jun 2023Rp3481.7tRp646.5tRp216.5t17.2x16.1x5.4x
Mon, 22 May 2023Rp3422.1tRp651.6tRp216.1t18.1x15.8x5.3x
Wed, 19 Apr 2023Rp3422.2tRp634.3tRp205.8t18.8x16.6x5.4x
Price to Earnings Ratio

16.6x


Total Market Cap: Rp3422.2tTotal Earnings: Rp205.8tTotal Revenue: Rp634.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Financials Sector Price to Earnings3Y Average 14.6x202420252026
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 11.6x which is lower than its 3-year average PE of 14.6x.
  • The 3-year average PS ratio of 5.0x is higher than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 7.7% per year over the last three years.
  • Revenues for these companies have grown 5.9% 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 Market7.52%
Financials2.72%
Capital Markets10.16%
Consumer Finance3.25%
Diversified Financial2.84%
Banks2.73%
Mortgage REITs0%0
Insurance-0.13%
Industry PE
  • Investors are most optimistic about the Insurance industry even though it's trading below its 3-year average PE ratio of 33.4x.
    • 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 15% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 7.3% 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
MEGA Bank MegaRp2.95k38.8%
+Rp19.4t		70.0%PB2.8x
BNLI Bank PermataRp3.38k17.0%
+Rp17.7t		47.0%PB2.7x
BBCA Bank Central AsiaRp6.70k1.9%
+Rp15.4t		-19.0%PB2.9x
BBRI Bank Rakyat Indonesia (Persero)Rp3.39k2.1%
+Rp10.5t		-6.6%PB1.6x
APIC Pacific Strategic FinancialRp1.57k33.8%
+Rp4.6t		35.5%PE188.2x

Latest News

NISP
Rp1,365.00
Bank OCBC NISP
7D
-8.4%
1Y
10.1%
MEGA
Rp2,950.00
Bank Mega
7D
38.8%
1Y
70.0%
BDMN
Rp2,500.00
Bank Danamon Indonesia
7D
-2.0%
1Y
8.2%

BDMN: Carbon Financing Partnership And Dividend Policy Will Support Steady Outlook

Analysts are keeping their IDR 2,590 price target for Bank Danamon Indonesia unchanged, with only minor tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions supporting a broadly consistent valuation view. What's in the News PT Bank Danamon Indonesia Tbk announced an annual dividend of IDR 142.1900 per share, payable on April 30, 2026, with an ex date of April 10, 2026, and a record date of April 13, 2026 (Key Developments).
BNLI
Rp3,380.00
Bank Permata
7D
17.0%
1Y
47.0%
SRTG
Rp1,720.00
Saratoga Investama Sedaya
7D
-3.1%
1Y
16.6%
APIC
Rp1,565.00
Pacific Strategic Financial
7D
33.8%
1Y
35.5%
BBRI
Rp3,390.00
Bank Rakyat Indonesia (Persero)
7D
2.1%
1Y
-6.6%
BANK
Rp492.00
Bank Aladin Syariah
7D
-5.4%
1Y
-39.3%
BMRI
Rp4,670.00
Bank Mandiri (Persero)
7D
0.4%
1Y
-8.4%

BMRI: Share Buyback Plan And Earnings Outlook Will Support Upside Potential

Analysts have set a slightly higher fair value price target for Bank Mandiri (Persero), increasing it from IDR 7,519.68 to IDR 7,660.38, citing updated assumptions related to revenue growth, discount rate, profit margin, and future P/E. What's in the News The Board of Directors of PT Bank Mandiri (Persero) Tbk authorized a share buyback plan on March 17, 2026, signaling an intention to repurchase its own shares within a defined framework (Key Developments).
COIN
Rp1,300.00
Indokripto Koin Semesta
7D
19.3%
1Y
n/a
ARTO
Rp1,425.00
Bank Jago
7D
10.0%
1Y
-2.4%
BBCA
Rp6,700.00
Bank Central Asia
7D
1.9%
1Y
-19.0%
BBMD
Rp1,930.00
Bank Mestika Dharma
7D
-2.5%
1Y
1.0%
SMMA
Rp14,700.00
Sinar Mas Multiartha
7D
-1.7%
1Y
-5.2%
BNII
Rp204.00
Bank Maybank Indonesia
7D
-1.0%
1Y
6.3%
BMAS
Rp500.00
Bank Maspion Indonesia
7D
-2.0%
1Y
n/a