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Indonesian (IDX) Banks Industry Analysis

UpdatedApr 22, 2024
DataAggregated Company Financials
Companies48
  • 7D-4.0%
  • 3M-2.7%
  • 1Y8.2%
  • YTD0.3%

Over the last 7 days, the Banks industry has dropped 4.0%, driven by declines in Bank Central Asia and Bank Rakyat Indonesia (Persero) of 4.8% and 6.2%, respectively. Over the past 12 months, the industry was up 8.2%. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Apr 2024Rp3441.3tRp569.8tRp228.5t16.9x15.1x6x
Thu, 21 Mar 2024Rp3721.4tRp570.4tRp228.6t16.6x16.3x6.5x
Sat, 17 Feb 2024Rp3703.9tRp569.8tRp228.3t16.3x16.2x6.5x
Mon, 15 Jan 2024Rp3545.3tRp568.7tRp217.4t16.7x16.3x6.2x
Wed, 13 Dec 2023Rp3232.0tRp568.5tRp217.4t15.8x14.9x5.7x
Fri, 10 Nov 2023Rp3209.4tRp567.8tRp216.9t14.7x14.8x5.7x
Sun, 08 Oct 2023Rp3151.4tRp555.8tRp211.6t15.3x14.9x5.7x
Tue, 05 Sep 2023Rp3345.9tRp555.5tRp211.4t16.5x15.8x6x
Thu, 03 Aug 2023Rp3313.1tRp551.3tRp209.4t15.8x15.8x6x
Sat, 01 Jul 2023Rp3236.9tRp543.1tRp204.1t16.1x15.9x6x
Mon, 29 May 2023Rp3202.8tRp542.9tRp203.9t16.9x15.7x5.9x
Wed, 26 Apr 2023Rp3122.3tRp416.7tRp195.1t18.8x16x7.5x
Fri, 24 Mar 2023Rp3031.9tRp517.9tRp190.8t17x15.9x5.9x
Sun, 19 Feb 2023Rp3079.7tRp519.5tRp190.1t17.5x16.2x5.9x
Tue, 17 Jan 2023Rp2853.2tRp497.8tRp185.0t15x15.4x5.7x
Thu, 15 Dec 2022Rp3091.5tRp502.8tRp190.1t17.2x16.3x6.1x
Sat, 12 Nov 2022Rp3131.1tRp491.4tRp177.1t16.3x17.7x6.4x
Mon, 10 Oct 2022Rp2964.4tRp473.0tRp166.2t20.8x17.8x6.3x
Wed, 07 Sep 2022Rp3011.4tRp470.6tRp164.9t21.3x18.3x6.4x
Fri, 05 Aug 2022Rp2923.4tRp469.1tRp163.9t20.6x17.8x6.2x
Sun, 03 Jul 2022Rp2720.8tRp448.2tRp147.4t18.9x18.5x6.1x
Tue, 31 May 2022Rp2918.4tRp448.0tRp147.3t24.6x19.8x6.5x
Thu, 28 Apr 2022Rp3144.7tRp438.8tRp141.0t20.6x22.3x7.2x
Sat, 26 Mar 2022Rp3042.6tRp433.4tRp135.1t26.5x22.5x7x
Mon, 21 Feb 2022Rp3020.8tRp431.2tRp132.8t23.1x22.7x7x
Wed, 19 Jan 2022Rp2921.4tRp374.8tRp108.4t30.9x27x7.8x
Fri, 17 Dec 2021Rp2892.6tRp374.8tRp108.3t27.9x26.7x7.7x
Sun, 14 Nov 2021Rp2981.7tRp374.8tRp108.5t30.6x27.5x8x
Tue, 12 Oct 2021Rp2702.8tRp352.5tRp96.2t30.7x28.1x7.7x
Thu, 09 Sep 2021Rp2521.6tRp352.7tRp96.1t27.1x26.2x7.1x
Sat, 07 Aug 2021Rp2618.0tRp352.7tRp96.1t27.5x27.2x7.4x
Fri, 30 Apr 2021Rp2432.3tRp330.0tRp82.2t68.7x29.6x7.4x
Price to Earnings Ratio

29.6x


Total Market Cap: Rp2432.3tTotal Earnings: Rp82.2tTotal Revenue: Rp330.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Banks Industry Price to Earnings3Y Average 19.8x202220232024
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 15.1x which is lower than its 3-year average PE of 19.8x.
  • The industry is trading close to its 3-year average PS ratio of 6.5x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 41% per year over the last three years.
  • Revenues for these companies have grown 20% 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-1.42%
Financials-3.84%
Banks-3.97%
Diversified Banks-3.96%
Regional Banks-4.47%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 30.1x.
    • Analysts are expecting annual earnings growth of 24.2%, which is lower than the prior year's growth of 48.4% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 19.6x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 48% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 11% 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
BBNI Bank Negara Indonesia (Persero)Rp5.35k0.9%
+Rp1.9t		12.9%PB1.3x
BINA Bank Ina PerdanaRp4.29k2.1%
+Rp552.1b		8.9%PB7.4x
BEKS PT. Bank Pembangunan Daerah BantenRp28.0027.3%
+Rp311.2b		-44.0%PB0.9x
MAYA Bank Mayapada InternasionalRp338.003.7%
+Rp310.9b		-30.2%PB0.6x
MEGA Bank MegaRp5.18k0.5%
+Rp293.5b		3.7%PB2.8x
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Latest News

BINA

Rp4,290.00

Bank Ina Perdana

7D

2.1%

1Y

8.9%

BEKS

Rp28.00

PT. Bank Pembangunan Daerah Banten

7D

27.3%

1Y

-44.0%

BRIS

Rp2,540.00

Bank Syariah Indonesia

7D

-5.9%

1Y

46.8%

BBRI

Rp5,300.00

Bank Rakyat Indonesia (Persero)

7D

-6.2%

1Y

7.1%

BNGA

Rp1,870.00

Bank CIMB Niaga

7D

-11.0%

1Y

40.6%

BNBA

Rp655.00

Bank Bumi Arta

7D

1.6%

1Y

4.0%

BACA

Rp131.00

Bank Capital Indonesia

7D

0.8%

1Y

0.8%

BBTN

Rp1,360.00

Bank Tabungan Negara (Persero)

7D

-9.3%

1Y

8.8%

BBCA

Rp9,350.00

Bank Central Asia

7D

-4.8%

1Y

2.5%

ARTO

Rp2,180.00

Bank Jago

7D

-13.8%

1Y

4.3%

BMRI

Rp6,725.00

Bank Mandiri (Persero)

7D

-1.5%

1Y

30.0%

BBNI

Rp5,350.00

Bank Negara Indonesia (Persero)

7D

0.9%

1Y

12.9%

MEGA

Rp5,175.00

Bank Mega

7D

0.5%

1Y

3.7%

PNBS

Rp51.00

Bank Panin Dubai Syariah

7D

2.0%

1Y

-13.6%

BBHI

Rp1,015.00

Allo Bank Indonesia

7D

-7.7%

1Y

-23.4%

MAYA

Rp338.00

Bank Mayapada Internasional

7D

3.7%

1Y

-30.2%