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Indonesian (IDX) Banks Industry Analysis

UpdatedJan 21, 2025
DataAggregated Company Financials
Companies48
  • 7D4.1%
  • 3M-11.1%
  • 1Y-9.3%
  • YTD-0.3%

Over the last 7 days, the Banks industry has risen 4.1%, driven by gains from Bank Rakyat Indonesia (Persero) of 9.6%. However, the industry is down 9.3% over the past year. Earnings are forecast to grow by 10.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jan 2025Rp3211.7tRp590.4tRp238.0t19.3x13.5x5.4x
Fri, 20 Dec 2024Rp3136.4tRp589.8tRp237.7t19x13.2x5.3x
Sun, 17 Nov 2024Rp3380.4tRp589.7tRp238.0t19.8x14.2x5.7x
Tue, 15 Oct 2024Rp3562.5tRp580.5tRp231.9t20.3x15.4x6.1x
Thu, 12 Sep 2024Rp3634.1tRp580.5tRp232.0t20.6x15.7x6.3x
Sat, 10 Aug 2024Rp3419.3tRp579.8tRp231.4t19.5x14.8x5.9x
Mon, 08 Jul 2024Rp3356.9tRp574.5tRp229.7t17.6x14.6x5.8x
Wed, 05 Jun 2024Rp3192.9tRp574.4tRp229.7t18x13.9x5.6x
Fri, 03 May 2024Rp3314.2tRp573.8tRp230.3t17.6x14.4x5.8x
Sun, 31 Mar 2024Rp3749.9tRp570.5tRp228.7t17.2x16.4x6.6x
Tue, 27 Feb 2024Rp3675.2tRp571.2tRp228.9t17.1x16.1x6.4x
Thu, 25 Jan 2024Rp3465.6tRp568.7tRp217.4t16.8x15.9x6.1x
Sat, 23 Dec 2023Rp3346.4tRp568.6tRp217.4t15.3x15.4x5.9x
Mon, 20 Nov 2023Rp3240.9tRp567.3tRp216.8t15x15x5.7x
Wed, 18 Oct 2023Rp3079.4tRp555.8tRp211.6t15.1x14.6x5.5x
Fri, 15 Sep 2023Rp3269.4tRp555.6tRp211.4t16.4x15.5x5.9x
Sun, 13 Aug 2023Rp3370.3tRp552.6tRp210.0t16.2x16.1x6.1x
Tue, 11 Jul 2023Rp3232.6tRp543.2tRp204.2t16.5x15.8x6x
Thu, 08 Jun 2023Rp3170.0tRp543.2tRp204.0t16.1x15.5x5.8x
Sat, 06 May 2023Rp3120.5tRp541.5tRp203.0t18.9x15.4x5.8x
Mon, 03 Apr 2023Rp3044.9tRp518.1tRp190.9t18.2x15.9x5.9x
Wed, 01 Mar 2023Rp3009.4tRp515.8tRp190.5t16.6x15.8x5.8x
Fri, 27 Jan 2023Rp2973.3tRp497.8tRp185.0t16.6x16.1x6x
Sun, 25 Dec 2022Rp3014.4tRp497.8tRp185.0t16.5x16.3x6.1x
Tue, 22 Nov 2022Rp3085.0tRp499.9tRp184.8t16.4x16.7x6.2x
Thu, 20 Oct 2022Rp2934.7tRp473.0tRp166.2t20.2x17.7x6.2x
Sat, 17 Sep 2022Rp3103.4tRp472.2tRp165.8t21.7x18.7x6.6x
Mon, 15 Aug 2022Rp2947.8tRp470.4tRp164.7t19.7x17.9x6.3x
Wed, 13 Jul 2022Rp2711.0tRp448.2tRp147.4t21.3x18.4x6x
Fri, 10 Jun 2022Rp2908.8tRp448.1tRp147.4t24.5x19.7x6.5x
Sun, 08 May 2022Rp3178.6tRp447.2tRp147.3t21.5x21.6x7.1x
Tue, 05 Apr 2022Rp3023.6tRp433.4tRp135.1t26.3x22.4x7x
Thu, 03 Mar 2022Rp3030.7tRp432.5tRp134.0t24.1x22.6x7x
Sat, 29 Jan 2022Rp2903.8tRp374.8tRp108.4t31.3x26.8x7.7x
Price to Earnings Ratio

26.8x


Total Market Cap: Rp2903.8tTotal Earnings: Rp108.4tTotal Revenue: Rp374.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Banks Industry Price to Earnings3Y Average 16.6x202320242025
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 13.5x which is lower than its 3-year average PE of 16.7x.
  • The 3-year average PS ratio of 6.1x is higher than the industry's current PS ratio of 5.4x.
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 Market1.13%
Financials3.83%
Banks4.10%
Diversified Banks4.18%
Regional Banks1.14%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 22.3x.
    • Analysts are expecting annual earnings growth of 50.3%, 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 16.5x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 50% 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 9.8% 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
BBRI Bank Rakyat Indonesia (Persero)Rp4.26k12.1%
+Rp69.3t		-25.3%PB2x
BMRI Bank Mandiri (Persero)Rp6.05k12.0%
+Rp60.7t		-6.9%PB2.1x
BBNI Bank Negara Indonesia (Persero)Rp4.74k14.8%
+Rp22.7t		-12.6%PB1.1x
BRIS Bank Syariah IndonesiaRp2.88k7.9%
+Rp9.7t		33.3%PB3.1x
BNLI Bank PermataRp1.30k17.7%
+Rp7.1t		39.2%PB1.1x
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Latest News

BBRI

Rp4,260.00

Bank Rakyat Indonesia (Persero)

7D

12.1%

1Y

-25.3%

BBCA

Rp9,575.00

Bank Central Asia

7D

0.5%

1Y

-0.3%

BBNI

Rp4,740.00

Bank Negara Indonesia (Persero)

7D

14.8%

1Y

-12.6%

INPC

Rp230.00

Bank Artha Graha Internasional

7D

-19.0%

1Y

228.6%

DNAR

Rp103.00

Bank Oke Indonesia

7D

-2.8%

1Y

-14.9%

BEKS

Rp28.00

PT. Bank Pembangunan Daerah Banten

7D

-6.7%

1Y

-44.0%

MEGA

Rp3,780.00

Bank Mega

7D

5.3%

1Y

-27.3%

BCIC

Rp154.00

Bank JTrust Indonesia

7D

-2.5%

1Y

30.5%

BBMD

Rp1,800.00

Bank Mestika Dharma

7D

-5.3%

1Y

-4.8%

BBHI

Rp690.00

Allo Bank Indonesia

7D

-2.1%

1Y

-45.7%

BMRI

Rp6,050.00

Bank Mandiri (Persero)

7D

12.0%

1Y

-6.9%

ARTO

Rp2,580.00

Bank Jago

7D

5.7%

1Y

-27.7%

AMAR

Rp176.00

Bank Amar Indonesia

7D

-3.8%

1Y

-41.3%

BNLI

Rp1,295.00

Bank Permata

7D

17.7%

1Y

39.2%

BBSI

Rp4,170.00

Krom Bank Indonesia

7D

-0.2%

1Y

13.0%

BRIS

Rp2,880.00

Bank Syariah Indonesia

7D

7.9%

1Y

33.3%