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Indonesian (IDX) Banks Industry Analysis

UpdatedDec 22, 2024
DataAggregated Company Financials
Companies48
  • 7D-4.6%
  • 3M-16.4%
  • 1Y-7.7%
  • YTD-8.8%

Over the last 7 days, the Banks industry has dropped 4.6%, driven by Bank Central Asia declining 4.0%. The industry has fallen 7.7% in the last year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Dec 2024Rp3130.6tRp589.8tRp237.7t19x13.2x5.3x
Tue, 19 Nov 2024Rp3333.4tRp589.7tRp238.0t19.3x14x5.7x
Thu, 17 Oct 2024Rp3597.0tRp580.5tRp231.9t20.5x15.5x6.2x
Sat, 14 Sep 2024Rp3653.0tRp580.5tRp232.0t20.8x15.7x6.3x
Mon, 12 Aug 2024Rp3424.2tRp579.8tRp231.4t19.5x14.8x5.9x
Wed, 10 Jul 2024Rp3391.9tRp574.5tRp229.7t17.7x14.8x5.9x
Fri, 07 Jun 2024Rp3185.0tRp574.5tRp229.7t18.1x13.9x5.5x
Sun, 05 May 2024Rp3337.0tRp574.5tRp230.5t17.6x14.5x5.8x
Tue, 02 Apr 2024Rp3641.3tRp570.5tRp228.8t16.7x15.9x6.4x
Thu, 29 Feb 2024Rp3721.5tRp570.8tRp228.5t17.3x16.3x6.5x
Sat, 27 Jan 2024Rp3390.0tRp568.7tRp217.4t16.6x15.6x6x
Mon, 25 Dec 2023Rp3364.0tRp568.6tRp217.4t15.3x15.5x5.9x
Wed, 22 Nov 2023Rp3220.2tRp567.3tRp216.8t15.2x14.9x5.7x
Fri, 20 Oct 2023Rp2953.5tRp555.8tRp211.6t14.9x14x5.3x
Sun, 17 Sep 2023Rp3266.3tRp555.6tRp211.4t16.3x15.5x5.9x
Tue, 15 Aug 2023Rp3371.3tRp552.7tRp210.0t16.2x16.1x6.1x
Thu, 13 Jul 2023Rp3267.3tRp543.2tRp204.2t16.3x16x6x
Sat, 10 Jun 2023Rp3193.0tRp543.2tRp204.0t16.4x15.6x5.9x
Mon, 08 May 2023Rp3135.0tRp541.7tRp202.9t18x15.5x5.8x
Wed, 05 Apr 2023Rp2821.1tRp518.1tRp190.9t18.1x14.8x5.4x
Fri, 03 Mar 2023Rp3031.4tRp515.9tRp190.6t16.9x15.9x5.9x
Sun, 29 Jan 2023Rp3022.8tRp497.8tRp185.0t16.9x16.3x6.1x
Tue, 27 Dec 2022Rp3014.4tRp497.8tRp185.0t16.5x16.3x6.1x
Thu, 24 Nov 2022Rp3116.8tRp499.9tRp184.8t16.5x16.9x6.2x
Sat, 22 Oct 2022Rp3001.1tRp473.0tRp166.2t20.5x18.1x6.3x
Mon, 19 Sep 2022Rp3021.0tRp473.0tRp166.2t21.7x18.2x6.4x
Wed, 17 Aug 2022Rp2928.1tRp470.4tRp164.7t19.2x17.8x6.2x
Fri, 15 Jul 2022Rp2662.3tRp448.2tRp147.4t20.7x18.1x5.9x
Sun, 12 Jun 2022Rp2850.5tRp448.1tRp147.4t24.2x19.3x6.4x
Tue, 10 May 2022Rp2993.2tRp447.2tRp147.8t20.5x20.2x6.7x
Thu, 07 Apr 2022Rp2963.2tRp433.4tRp135.1t25.6x21.9x6.8x
Sat, 05 Mar 2022Rp3036.1tRp433.1tRp134.4t23.6x22.6x7x
Mon, 31 Jan 2022Rp2903.8tRp384.5tRp115.2t30.2x25.2x7.6x
Wed, 29 Dec 2021Rp2877.0tRp374.8tRp108.3t27.7x26.6x7.7x
Price to Earnings Ratio

26.6x


Total Market Cap: Rp2877.0tTotal Earnings: Rp108.3tTotal Revenue: Rp374.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Banks Industry Price to Earnings3Y Average 17x202220232024
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 13.2x which is lower than its 3-year average PE of 17.0x.
  • The 3-year average PS ratio of 6.2x is higher than the industry's current PS ratio of 5.3x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 30% per year over the last three years.
  • Revenues for these companies have grown 16% 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-3.62%
Financials-4.37%
Banks-4.61%
Diversified Banks-4.53%
Regional Banks-7.50%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 22.8x.
    • Analysts are expecting annual earnings growth of 50.9%, 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 16.9x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 51% 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 10% 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
BANK Bank Aladin SyariahRp820.002.5%
+Rp292.4b		-22.6%PB3.9x
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Latest News

BBRI

Rp4,060.00

Bank Rakyat Indonesia (Persero)

7D

-2.6%

1Y

-28.5%

BBCA

Rp9,650.00

Bank Central Asia

7D

-4.0%

1Y

3.5%

BBNI

Rp4,260.00

Bank Negara Indonesia (Persero)

7D

-9.9%

1Y

-18.9%

PNBN

Rp1,770.00

Bank Pan Indonesia

7D

-10.2%

1Y

61.6%

BMRI

Rp5,675.00

Bank Mandiri (Persero)

7D

-5.8%

1Y

-5.0%

ARTO

Rp2,240.00

Bank Jago

7D

-14.8%

1Y

-23.5%

BANK

Rp820.00

Bank Aladin Syariah

7D

2.5%

1Y

-22.6%

BRIS

Rp2,750.00

Bank Syariah Indonesia

7D

-5.2%

1Y

62.2%

BNGA

Rp1,680.00

Bank CIMB Niaga

7D

-5.1%

1Y

0%