Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indonesian (IDX) Banks Industry Analysis

UpdatedSep 30, 2025
DataAggregated Company Financials
Companies47
  • 7D0.7%
  • 3M1.8%
  • 1Y-18.0%
  • YTD-9.2%

Over the last 7 days, the Banks industry has remained flat, although notably Bank Permata gained 28%. Unfortunately though, the industry is down 20% over the past 12 months. Earnings are forecast to grow by 8.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Sep 2025Rp2918.6tRp613.5tRp233.2t16.4x12.5x4.8x
Thu, 28 Aug 2025Rp2990.7tRp610.8tRp235.5t17.5x12.7x4.9x
Sat, 26 Jul 2025Rp2936.4tRp605.5tRp238.8t18.6x12.3x4.8x
Mon, 23 Jun 2025Rp2894.5tRp604.7tRp238.6t17.6x12.1x4.8x
Wed, 21 May 2025Rp3138.8tRp604.7tRp238.6t20.6x13.2x5.2x
Fri, 18 Apr 2025Rp2815.2tRp596.9tRp237.8t19.1x11.8x4.7x
Sun, 16 Mar 2025Rp2884.0tRp595.8tRp237.3t18.2x12.2x4.8x
Tue, 11 Feb 2025Rp2988.5tRp594.6tRp237.3t18.3x12.6x5x
Thu, 09 Jan 2025Rp3146.2tRp590.4tRp238.0t19.1x13.2x5.3x
Sat, 07 Dec 2024Rp3336.9tRp589.8tRp237.7t19.9x14x5.7x
Mon, 04 Nov 2024Rp3512.7tRp588.8tRp238.0t20.1x14.8x6x
Wed, 02 Oct 2024Rp3625.2tRp580.5tRp231.9t19.9x15.6x6.2x
Fri, 30 Aug 2024Rp3574.7tRp579.7tRp231.6t20.7x15.4x6.2x
Sun, 28 Jul 2024Rp3426.4tRp573.2tRp229.6t19.1x14.9x6x
Tue, 25 Jun 2024Rp3197.9tRp574.5tRp229.7t18.4x13.9x5.6x
Thu, 23 May 2024Rp3254.0tRp574.6tRp229.9t18.3x14.2x5.7x
Sat, 20 Apr 2024Rp3492.4tRp569.8tRp228.5t17x15.3x6.1x
Mon, 18 Mar 2024Rp3736.0tRp570.4tRp228.6t16.8x16.3x6.6x
Wed, 14 Feb 2024Rp3632.5tRp569.2tRp227.7t17x16x6.4x
Fri, 12 Jan 2024Rp3494.3tRp568.7tRp217.4t16.4x16.1x6.1x
Sun, 10 Dec 2023Rp3221.0tRp568.5tRp217.4t15.2x14.8x5.7x
Tue, 07 Nov 2023Rp3230.3tRp562.0tRp213.5t15.1x15.1x5.7x
Thu, 05 Oct 2023Rp3279.0tRp555.8tRp211.6t15.8x15.5x5.9x
Sat, 02 Sep 2023Rp3333.1tRp553.6tRp211.4t16.2x15.8x6x
Mon, 31 Jul 2023Rp3329.0tRp548.4tRp206.9t16.2x16.1x6.1x
Wed, 28 Jun 2023Rp3236.9tRp543.1tRp204.1t16.1x15.9x6x
Fri, 26 May 2023Rp3190.8tRp542.9tRp203.9t16.4x15.6x5.9x
Sun, 23 Apr 2023Rp3122.3tRp529.9tRp195.1t18.8x16x5.9x
Tue, 21 Mar 2023Rp2980.8tRp517.9tRp191.0t16.7x15.6x5.8x
Thu, 16 Feb 2023Rp3087.9tRp519.0tRp189.8t17.7x16.3x5.9x
Sat, 14 Jan 2023Rp2825.0tRp497.8tRp185.0t15x15.3x5.7x
Mon, 12 Dec 2022Rp3047.4tRp502.8tRp190.1t17.2x16x6.1x
Wed, 09 Nov 2022Rp3115.2tRp490.4tRp176.0t21.3x17.7x6.4x
Fri, 07 Oct 2022Rp3002.6tRp472.9tRp166.2t20.8x18.1x6.3x
Price to Earnings Ratio

18.1x


Total Market Cap: Rp3002.6tTotal Earnings: Rp166.2tTotal Revenue: Rp472.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Banks Industry Price to Earnings3Y Average 14.8x202320242025
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 12.5x which is lower than its 3-year average PE of 14.8x.
  • The 3-year average PS ratio of 5.7x is higher than the industry's current PS ratio of 4.8x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 9.1% 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 Market1.70%
Financials0.94%
Banks0.72%
Diversified Banks0.72%
Regional Banks0.63%
Industry PE
  • Investors are most optimistic about the Regional Banks industry, which is trading close to its 3-year average PE ratio of 20.3x.
    • Analysts are expecting annual earnings growth of 18.2%, which is lower than the prior year's growth of 29.6% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 14.7x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 18% over the next 5 years.
  • However this is lower than its past earnings growth rate of 30% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.9% 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 PermataRp5.95k28.2%
+Rp47.4t		408.5%PB4.9x
BBCA Bank Central AsiaRp7.78k0.6%
+Rp6.2t		-24.7%PB3.7x
BBSI Krom Bank IndonesiaRp4.79k19.8%
+Rp2.9t		12.2%PB5.2x
ARTO Bank JagoRp2.21k3.3%
+Rp970.3b		-27.5%PB3.5x
BBKP Bank KB IndonesiaRp78.004.0%
+Rp563.7b		21.9%PB1.7x

Latest News

BMRI
Rp4,400.00
Bank Mandiri (Persero)
7D
-0.5%
1Y
-36.5%

Digital Transformation Will Improve Operational Efficiency And Customer Experience

Bank Mandiri (Persero) has experienced slight declines in both net profit margin and consensus revenue growth forecasts, prompting analysts to lower their fair value price target from IDR6161 to IDR5848. What's in the News Scheduled a Special/Extraordinary Shareholders Meeting at Menara Mandiri 1, Jakarta Selatan.
BBNI
Rp4,170.00
Bank Negara Indonesia (Persero)
7D
-1.0%
1Y
-22.1%

Indonesia Digital Trends And Green Bonds Will Reshape Future Lending

With both consensus revenue growth and future P/E forecasts for Bank Negara Indonesia (Persero) remaining stable, analysts have left their fair value price target effectively unchanged at IDR5119. Valuation Changes Summary of Valuation Changes for Bank Negara Indonesia (Persero) The Consensus Analyst Price Target remained effectively unchanged, at IDR5119.
BBRI
Rp3,980.00
Bank Rakyat Indonesia (Persero)
7D
-4.3%
1Y
-19.6%

Government Stimulus And Digital Adoption Will Unlock Market Opportunities

The consensus Analyst Price Target for Bank Rakyat Indonesia (Persero) has decreased, reflecting a lower Future P/E multiple amid stable profit margins, with fair value revised down to IDR4534. What's in the News Bank Rakyat Indonesia (BRI) expanded into Taiwan and East Asia by launching the BRI Taipei Branch, providing integrated financial services such as savings, financing, remittances, deposits, loans, trade finance, and treasury.
PNBN
Rp1,100.00
Bank Pan Indonesia
7D
-3.1%
1Y
-32.3%
BBTN
Rp1,290.00
Bank Tabungan Negara (Persero)
7D
-1.1%
1Y
-11.0%
BSIM
Rp905.00
Bank Sinarmas
7D
2.3%
1Y
10.4%
BTPN
Rp2,080.00
Bank SMBC Indonesia
7D
1.5%
1Y
-12.2%
BBKP
Rp78.00
Bank KB Indonesia
7D
4.0%
1Y
21.9%
BBYB
Rp338.00
Bank Neo Commerce
7D
7.6%
1Y
19.0%
BMAS
Rp750.00
Bank Maspion Indonesia
7D
-2.0%
1Y
-6.8%
BBHI
Rp1,480.00
Allo Bank Indonesia
7D
-1.3%
1Y
48.7%
ARTO
Rp2,210.00
Bank Jago
7D
3.3%
1Y
-27.5%
BNII
Rp210.00
Bank Maybank Indonesia
7D
-1.9%
1Y
-8.7%
BBSI
Rp4,790.00
Krom Bank Indonesia
7D
19.8%
1Y
12.2%
BNLI
Rp5,950.00
Bank Permata
7D
28.2%
1Y
408.5%
BBCA
Rp7,775.00
Bank Central Asia
7D
0.6%
1Y
-24.7%