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Indonesian (IDX) Banks Industry Analysis

UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies48
  • 7D-2.3%
  • 3M-11.9%
  • 1Y-19.9%
  • YTD-7.5%

Over the last 7 days, the Banks industry has dropped 2.3%, driven by a pullback from Bank Central Asia of 4.0%. Meanwhile, Bank Permata actually outperformed within the industry, gaining 23% in the last week. The industry has fallen 20% in the last year. Looking forward, earnings are forecast to grow by 9.5% annually.

Industry Valuation and Performance

Has the Indonesian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Feb 2025Rp2978.6tRp593.3tRp236.3t18.3x12.6x5x
Tue, 14 Jan 2025Rp3085.0tRp574.9tRp234.6t19.1x13.2x5.4x
Thu, 12 Dec 2024Rp3397.9tRp589.5tRp237.6t19.9x14.3x5.8x
Sat, 09 Nov 2024Rp3410.9tRp589.7tRp238.0t19.9x14.3x5.8x
Mon, 07 Oct 2024Rp3555.3tRp580.5tRp231.9t19.9x15.3x6.1x
Wed, 04 Sep 2024Rp3569.5tRp579.7tRp231.6t20x15.4x6.2x
Fri, 02 Aug 2024Rp3404.4tRp575.1tRp229.7t19.8x14.8x5.9x
Sun, 30 Jun 2024Rp3297.5tRp574.5tRp229.7t17.9x14.4x5.7x
Tue, 28 May 2024Rp3254.0tRp574.7tRp229.9t17.9x14.2x5.7x
Thu, 25 Apr 2024Rp3489.5tRp572.0tRp229.9t16.6x15.2x6.1x
Sat, 23 Mar 2024Rp3732.4tRp570.4tRp228.7t17x16.3x6.5x
Mon, 19 Feb 2024Rp3704.5tRp571.1tRp228.7t16.3x16.2x6.5x
Wed, 17 Jan 2024Rp3533.3tRp568.7tRp217.4t16.4x16.3x6.2x
Fri, 15 Dec 2023Rp3326.7tRp568.6tRp217.4t15.4x15.3x5.9x
Sun, 12 Nov 2023Rp3155.8tRp567.5tRp216.9t15x14.6x5.6x
Tue, 10 Oct 2023Rp3230.2tRp555.8tRp211.6t15.3x15.3x5.8x
Thu, 07 Sep 2023Rp3334.2tRp555.5tRp211.4t16.5x15.8x6x
Sat, 05 Aug 2023Rp3344.4tRp552.0tRp209.4t15.7x16x6.1x
Mon, 03 Jul 2023Rp3236.9tRp543.0tRp204.1t16.1x15.9x6x
Wed, 31 May 2023Rp3206.0tRp542.8tRp204.0t16.8x15.7x5.9x
Fri, 28 Apr 2023Rp3146.6tRp529.9tRp195.0t18.1x16.1x5.9x
Sun, 26 Mar 2023Rp3074.6tRp517.8tRp190.8t16.7x16.1x5.9x
Tue, 21 Feb 2023Rp3082.2tRp519.0tRp190.0t17.7x16.2x5.9x
Thu, 19 Jan 2023Rp2901.3tRp497.8tRp185.0t15.1x15.7x5.8x
Sat, 17 Dec 2022Rp3073.7tRp502.8tRp190.1t17.2x16.2x6.1x
Mon, 14 Nov 2022Rp3131.1tRp491.4tRp177.1t16.3x17.7x6.4x
Wed, 12 Oct 2022Rp2948.0tRp473.0tRp166.2t20.6x17.7x6.2x
Fri, 09 Sep 2022Rp3027.1tRp471.3tRp165.4t21.8x18.3x6.4x
Sun, 07 Aug 2022Rp2941.8tRp470.3tRp164.5t20x17.9x6.3x
Tue, 05 Jul 2022Rp2649.2tRp448.2tRp147.4t18.5x18x5.9x
Thu, 02 Jun 2022Rp2986.3tRp447.9tRp147.4t24.9x20.3x6.7x
Sat, 30 Apr 2022Rp3178.6tRp440.5tRp142.6t21.1x22.3x7.2x
Mon, 28 Mar 2022Rp3030.4tRp433.4tRp135.1t26.5x22.4x7x
Wed, 23 Feb 2022Rp3024.5tRp431.2tRp132.8t23.4x22.8x7x
Price to Earnings Ratio

22.8x


Total Market Cap: Rp3024.5tTotal Earnings: Rp132.8tTotal Revenue: Rp431.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Banks Industry Price to Earnings3Y Average 16.4x202320242025
Current Industry PE
  • Investors are pessimistic on the Indonesian Banks 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 12.6x which is lower than its 3-year average PE of 16.4x.
  • The 3-year average PS ratio of 6.1x is higher than the industry's current PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 14% 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 industry?

ID Market-1.65%
Financials-2.00%
Banks-2.26%
Regional Banks-1.30%
Diversified Banks-2.28%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 22.0x.
    • Analysts are expecting annual earnings growth of 48.4%, which is higher than its past year's earnings growth of 29.6% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 16.3x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 48% over the next 5 years.
  • This is better than its past earnings growth rate of 30% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 9.3% 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
BNLI Bank PermataRp1.63k23.0%
+Rp11.0t		74.3%PB1.4x
BBNI Bank Negara Indonesia (Persero)Rp4.37k2.3%
+Rp3.7t		-27.2%PB1x
NOBU Bank NationalnobuRp635.007.6%
+Rp336.5b		-26.2%PB1.3x
BNII Bank Maybank IndonesiaRp200.001.0%
+Rp152.4b		-20.6%PB0.5x
BBTN Bank Tabungan Negara (Persero)Rp975.001.0%
+Rp140.3b		-28.6%PB0.4x
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Latest News

BMRI

Rp5,125.00

Bank Mandiri (Persero)

7D

-0.5%

1Y

-28.8%

BBTN

Rp975.00

Bank Tabungan Negara (Persero)

7D

1.0%

1Y

-28.6%

BBNI

Rp4,370.00

Bank Negara Indonesia (Persero)

7D

2.3%

1Y

-27.2%

BBRI

Rp3,860.00

Bank Rakyat Indonesia (Persero)

7D

-4.2%

1Y

-37.2%

BBCA

Rp8,975.00

Bank Central Asia

7D

-4.0%

1Y

-9.8%

VICO

Rp178.00

Victoria Investama

7D

1.1%

1Y

54.8%

BNII

Rp200.00

Bank Maybank Indonesia

7D

1.0%

1Y

-20.6%

PNBN

Rp1,745.00

Bank Pan Indonesia

7D

-4.1%

1Y

57.9%

MEGA

Rp3,700.00

Bank Mega

7D

-0.8%

1Y

-26.4%

NOBU

Rp635.00

Bank Nationalnobu

7D

7.6%

1Y

-26.2%

BBYB

Rp195.00

Bank Neo Commerce

7D

2.1%

1Y

-33.7%

BABP

Rp52.00

Bank MNC Internasional

7D

4.0%

1Y

-1.9%

ARTO

Rp1,920.00

Bank Jago

7D

-9.4%

1Y

-35.1%

BNLI

Rp1,630.00

Bank Permata

7D

23.0%

1Y

74.3%

BRIS

Rp2,980.00

Bank Syariah Indonesia

7D

-1.3%

1Y

27.9%

BMAS

Rp464.00

Bank Maspion Indonesia

7D

-9.9%

1Y

-12.5%