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Indonesian (IDX) Banks Industry Analysis

UpdatedOct 26, 2024
DataAggregated Company Financials
Companies48
  • 7D-1.1%
  • 3M6.0%
  • 1Y14.7%
  • YTD5.6%

Over the last 7 days, the Banks industry has dropped 1.1%, driven by a pullback from Bank Rakyat Indonesia (Persero) of 4.0%. Meanwhile, Bank Permata actually outperformed within the industry, gaining 18% in the last week. In the past year, the industry has gained 15%. 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
Sat, 26 Oct 2024Rp3618.4tRp582.8tRp233.8t20.6x15.5x6.2x
Mon, 23 Sep 2024Rp3742.6tRp580.5tRp232.0t20.6x16.1x6.4x
Wed, 21 Aug 2024Rp3572.4tRp579.8tRp231.4t20.6x15.4x6.2x
Fri, 19 Jul 2024Rp3354.8tRp574.5tRp229.7t17.7x14.6x5.8x
Sun, 16 Jun 2024Rp3065.0tRp574.5tRp229.7t17.2x13.3x5.3x
Tue, 14 May 2024Rp3260.8tRp573.9tRp229.7t18x14.2x5.7x
Thu, 11 Apr 2024Rp3582.9tRp569.8tRp228.5t16.9x15.7x6.3x
Sat, 09 Mar 2024Rp3773.1tRp570.4tRp228.6t17.2x16.5x6.6x
Mon, 05 Feb 2024Rp3560.3tRp594.5tRp228.7t16.6x15.6x6x
Wed, 03 Jan 2024Rp3409.4tRp568.7tRp217.4t15.9x15.7x6x
Fri, 01 Dec 2023Rp3273.9tRp567.3tRp216.5t16.2x15.1x5.8x
Sun, 29 Oct 2023Rp3124.0tRp563.3tRp212.9t14.7x14.7x5.5x
Tue, 26 Sep 2023Rp3283.5tRp555.8tRp211.6t16.2x15.5x5.9x
Thu, 24 Aug 2023Rp3336.1tRp552.7tRp210.1t15.9x15.9x6x
Sat, 22 Jul 2023Rp3308.8tRp543.8tRp204.2t16x16.2x6.1x
Mon, 19 Jun 2023Rp3212.2tRp543.1tRp204.0t16.5x15.7x5.9x
Wed, 17 May 2023Rp3088.4tRp542.6tRp203.5t17.2x15.2x5.7x
Fri, 14 Apr 2023Rp3097.2tRp518.5tRp191.1t18.6x16.2x6x
Sun, 12 Mar 2023Rp3021.2tRp515.8tRp190.0t17.8x15.9x5.9x
Tue, 07 Feb 2023Rp3031.9tRp514.5tRp192.0t16.5x15.8x5.9x
Thu, 05 Jan 2023Rp2975.1tRp497.8tRp185.0t15.3x16.1x6x
Sat, 03 Dec 2022Rp3142.8tRp502.7tRp190.1t17.7x16.5x6.3x
Mon, 31 Oct 2022Rp3093.7tRp480.5tRp171.1t20.8x18.1x6.4x
Wed, 28 Sep 2022Rp3004.7tRp472.9tRp166.2t21.1x18.1x6.4x
Fri, 26 Aug 2022Rp2937.8tRp470.4tRp164.7t24.4x17.8x6.2x
Sun, 24 Jul 2022Rp2801.3tRp448.3tRp147.6t21.2x19x6.2x
Tue, 21 Jun 2022Rp2885.2tRp448.1tRp147.4t24.7x19.6x6.4x
Thu, 19 May 2022Rp2865.3tRp448.3tRp148.5t20.4x19.3x6.4x
Sat, 16 Apr 2022Rp3005.0tRp431.2tRp134.3t21.2x22.4x7x
Mon, 14 Mar 2022Rp2994.6tRp433.2tRp134.9t22.7x22.2x6.9x
Wed, 09 Feb 2022Rp2985.2tRp434.6tRp129.1t25.7x23.1x6.9x
Fri, 07 Jan 2022Rp2943.1tRp374.8tRp108.3t117.7x27.2x7.9x
Sun, 05 Dec 2021Rp2864.3tRp374.5tRp108.4t28.2x26.4x7.6x
Tue, 02 Nov 2021Rp2851.9tRp366.9tRp103.5t28.3x27.6x7.8x
Price to Earnings Ratio

27.6x


Total Market Cap: Rp2851.9tTotal Earnings: Rp103.5tTotal Revenue: Rp366.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Banks Industry Price to Earnings3Y Average 17.7x202220232024
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 15.5x which is lower than its 3-year average PE of 17.7x.
  • The industry is trading close to its 3-year average PS ratio of 6.3x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 31% per year over the last three years.
  • Revenues for these companies have grown 17% 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-0.59%
Financials-0.74%
Banks-1.10%
Regional Banks1.83%
Diversified Banks-1.16%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 23.9x.
    • Analysts are expecting annual earnings growth of 52.1%, which is higher than its past year's earnings growth of 22.8% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 17.6x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 52% over the next 5 years.
  • This is better than its past earnings growth rate of 23% 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
BNLI Bank PermataRp1.29k17.9%
+Rp7.1t		42.0%PB1.1x
BBHI Allo Bank IndonesiaRp1.00k6.4%
+Rp1.3t		-16.7%PB3.1x
INPC Bank Artha Graha InternasionalRp122.0069.4%
+Rp1.0t		79.4%PB0.6x
PNBN Bank Pan IndonesiaRp1.96k1.0%
+Rp481.6b		69.3%PB0.9x
BINA Bank Ina PerdanaRp4.09k1.5%
+Rp368.1b		1.5%PB7x
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BNLI

Rp1,285.00

Bank Permata

7D

17.9%

1Y

42.0%

BTPN

Rp2,260.00

Bank SMBC Indonesia

7D

-3.8%

1Y

-12.1%

AGRS

Rp82.00

Bank IBK Indonesia

7D

9.3%

1Y

-1.2%

BEKS

Rp37.00

PT. Bank Pembangunan Daerah Banten

7D

19.4%

1Y

-26.0%

BBTN

Rp1,470.00

Bank Tabungan Negara (Persero)

7D

-2.0%

1Y

22.0%

INPC

Rp122.00

Bank Artha Graha Internasional

7D

69.4%

1Y

79.4%

BKSW

Rp75.00

Bank QNB Indonesia

7D

11.9%

1Y

-5.1%

NOBU

Rp665.00

Bank Nationalnobu

7D

-8.9%

1Y

-12.5%

BRIS

Rp3,010.00

Bank Syariah Indonesia

7D

-2.9%

1Y

96.7%

BTPS

Rp1,125.00

Bank BTPN Syariah

7D

-4.3%

1Y

-28.1%

BMRI

Rp7,050.00

Bank Mandiri (Persero)

7D

-1.7%

1Y

23.7%

PNBN

Rp1,955.00

Bank Pan Indonesia

7D

1.0%

1Y

69.3%

BMAS

Rp805.00

Bank Maspion Indonesia

7D

-3.6%

1Y

-41.2%

BBRI

Rp4,770.00

Bank Rakyat Indonesia (Persero)

7D

-4.0%

1Y

-4.6%

BBHI

Rp1,000.00

Allo Bank Indonesia

7D

6.4%

1Y

-16.7%

BINA

Rp4,090.00

Bank Ina Perdana

7D

1.5%

1Y

1.5%