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Indonesian (IDX) Banks Industry Analysis

UpdatedJul 07, 2026
DataAggregated Company Financials
Companies49
  • 7D1.2%
  • 3M-10.1%
  • 1Y-21.1%
  • YTD-23.1%

Over the last 7 days, the Banks industry has dropped 2.0%, driven by a pullback from Bank Rakyat Indonesia (Persero) of 1.8%. The industry has fallen 22% in the last year. Earnings are forecast to grow by 6.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Jul 2026Rp2284.0tRp639.9tRp241.4t13.2x9.5x3.6x
Thu, 04 Jun 2026Rp2286.9tRp640.0tRp241.5t13x9.5x3.6x
Sat, 02 May 2026Rp2417.7tRp633.2tRp240.9t15.3x10x3.8x
Mon, 30 Mar 2026Rp2624.8tRp629.6tRp234.5t16.2x11.2x4.2x
Wed, 25 Feb 2026Rp2945.3tRp625.0tRp235.0t17.4x12.5x4.7x
Fri, 23 Jan 2026Rp2982.2tRp620.7tRp229.1t17.2x13x4.8x
Sun, 21 Dec 2025Rp3019.6tRp624.3tRp230.6t17.6x13.1x4.8x
Tue, 18 Nov 2025Rp3045.0tRp620.0tRp229.3t16.7x13.3x4.9x
Thu, 16 Oct 2025Rp2716.0tRp614.7tRp233.3t15.9x11.6x4.4x
Sat, 13 Sep 2025Rp2895.4tRp611.2tRp235.7t17.1x12.3x4.7x
Mon, 11 Aug 2025Rp2871.4tRp611.0tRp235.5t15.8x12.2x4.7x
Wed, 09 Jul 2025Rp2842.8tRp605.0tRp238.6t18.1x11.9x4.7x
Fri, 06 Jun 2025Rp3006.1tRp604.7tRp238.6t18.4x12.6x5x
Sun, 04 May 2025Rp2978.7tRp604.5tRp238.7t19.7x12.5x4.9x
Tue, 01 Apr 2025Rp2936.5tRp596.0tRp237.5t19.1x12.4x4.9x
Thu, 27 Feb 2025Rp2926.7tRp594.8tRp237.0t18.9x12.4x4.9x
Sat, 25 Jan 2025Rp3178.6tRp591.3tRp238.0t19.3x13.4x5.4x
Mon, 23 Dec 2024Rp3130.6tRp589.8tRp237.7t19x13.2x5.3x
Wed, 20 Nov 2024Rp3317.5tRp589.7tRp238.0t19.8x13.9x5.6x
Fri, 18 Oct 2024Rp3664.7tRp580.5tRp231.9t20.8x15.8x6.3x
Sun, 15 Sep 2024Rp3660.9tRp580.5tRp232.0t20.8x15.8x6.3x
Tue, 13 Aug 2024Rp3436.9tRp579.8tRp231.4t19.6x14.9x5.9x
Thu, 11 Jul 2024Rp3386.7tRp574.5tRp229.7t17.8x14.7x5.9x
Sat, 08 Jun 2024Rp3223.9tRp574.5tRp229.7t18x14x5.6x
Mon, 06 May 2024Rp3337.0tRp573.4tRp229.6t18.5x14.5x5.8x
Wed, 03 Apr 2024Rp3610.5tRp569.9tRp228.5t17x15.8x6.3x
Fri, 01 Mar 2024Rp3681.8tRp570.8tRp228.5t17.7x16.1x6.4x
Sun, 28 Jan 2024Rp3390.0tRp570.5tRp217.9t16.6x15.6x5.9x
Tue, 26 Dec 2023Rp3368.4tRp568.7tRp217.4t15.7x15.5x5.9x
Thu, 23 Nov 2023Rp3221.3tRp567.3tRp216.8t15x14.9x5.7x
Sat, 21 Oct 2023Rp3134.1tRp555.6tRp211.4t14.8x14.8x5.6x
Mon, 18 Sep 2023Rp3266.3tRp555.6tRp211.4t16.3x15.5x5.9x
Wed, 16 Aug 2023Rp3371.3tRp552.7tRp210.0t16.1x16.1x6.1x
Fri, 14 Jul 2023Rp3263.5tRp543.2tRp204.2t16x16x6x
Price to Earnings Ratio

16x


Total Market Cap: Rp3263.5tTotal Earnings: Rp204.2tTotal Revenue: Rp543.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Banks Industry Price to Earnings3Y Average 13.6x202420252026
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 9.3x which is lower than its 3-year average PE of 13.6x.
  • The 3-year average PS ratio of 5.3x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 5.8% per year over the last three years.
  • Revenues for these companies have grown 5.6% 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 Market1.71%
Financials1.03%
Banks1.25%
Regional Banks1.25%
Diversified Banks1.25%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 23.1x.
    • Analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings growth of 9.2% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 13.5x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings growth rate of 9.2% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.9% 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
BBCA Bank Central AsiaRp6.13k3.4%
+Rp24.6t		-29.0%PB2.9x
BMRI Bank Mandiri (Persero)Rp4.03k2.3%
+Rp8.4t		-15.0%PB1.2x
BRIS Bank Syariah IndonesiaRp1.84k7.6%
+Rp6.0t		-28.6%PB1.7x
BTPN Bank SMBC IndonesiaRp2.22k5.7%
+Rp1.3t		4.7%PB0.5x
BBHI Allo Bank IndonesiaRp930.005.1%
+Rp973.8b		9.4%PB2.7x

Latest News

BBRI
Rp2,790.00
Bank Rakyat Indonesia (Persero)
7D
-1.8%
1Y
-24.6%
Narrative Update • Jul 01

BBRI: Share Buyback And Higher Margins Will Support Stronger Earnings Outlook

Analysts have trimmed their price target for Bank Rakyat Indonesia (Persero) from IDR 4,066.90 to IDR 3,745.82, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News for Bank Rakyat Indonesia (Persero) PT Bank Rakyat Indonesia (Persero) Tbk announces a share repurchase program of up to IDR 500,000 million, to be funded using internal cash resources.
BBHI
Rp930.00
Allo Bank Indonesia
7D
5.1%
1Y
9.4%
BBNI
Rp3,280.00
Bank Negara Indonesia (Persero)
7D
0.6%
1Y
-18.0%
Narrative Update • Jun 30

BBNI: Upcoming Dividend Will Support Future Upside Despite Margin Assumptions

Analysts have trimmed their price target for Bank Negara Indonesia (Persero) to IDR 4,622 from IDR 4,788, citing updated assumptions for revenue growth, profit margin and future P/E that are slightly lower than previous estimates, and a marginally reduced discount rate. What's in the News There are no recent news items for Bank Negara Indonesia (Persero) available from the provided primary sources.
BMRI
Rp4,030.00
Bank Mandiri (Persero)
7D
2.3%
1Y
-15.0%
Narrative Update • Jun 29

BMRI: Refreshed Assumptions And Lower Future P/E Will Likely Keep Shares Fairly Valued

Analysts have adjusted their fair value estimate for Bank Mandiri (Persero) from IDR 4,117.56 to IDR 3,877.14, reflecting updated assumptions on the discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Bank Mandiri (Persero) No specific recent news items are available from the provided sources for Bank Mandiri (Persero) as of 24 Jun 2026.
BDMN
Rp3,810.00
Bank Danamon Indonesia
7D
-4.5%
1Y
56.8%
Narrative Update • Jun 23

BDMN: Planned MUFG Integration Will Sustain Overvaluation Concerns Despite 2026 Dividend

For Bank Danamon Indonesia, analysts have reiterated a price target of IDR 2,590, with only marginal model tweaks to the discount rate, revenue growth, profit margin and forward P/E assumptions informing this unchanged view. What’s in the News for Bank Danamon Indonesia On May 11, 2026, MUFG Bank, Ltd., Jakarta Branch signed a memorandum of understanding to acquire PT Bank Danamon Indonesia Tbk from MUFG Bank, Ltd.
PNBN
Rp875.00
Bank Pan Indonesia
7D
-2.8%
1Y
-24.2%
MEGA
Rp2,000.00
Bank Mega
7D
-1.5%
1Y
23.1%
BBCA
Rp6,125.00
Bank Central Asia
7D
3.4%
1Y
-29.0%
BNLI
Rp2,380.00
Bank Permata
7D
-2.9%
1Y
-10.2%
BRIS
Rp1,835.00
Bank Syariah Indonesia
7D
7.6%
1Y
-28.6%
ARTO
Rp950.00
Bank Jago
7D
5.0%
1Y
-45.4%
BNGA
Rp1,540.00
Bank CIMB Niaga
7D
-1.0%
1Y
-8.1%
BBSI
Rp4,610.00
Krom Bank Indonesia
7D
-2.9%
1Y
14.4%
SUPA
Rp565.00
Super Bank Indonesia
7D
3.7%
1Y
n/a
BINA
Rp3,690.00
Bank Ina Perdana
7D
-8.9%
1Y
-15.4%
BTPN
Rp2,220.00
Bank SMBC Indonesia
7D
5.7%
1Y
4.7%