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Indonesian (IDX) Utilities Sector Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies11
  • 7D-16.0%
  • 3M-39.8%
  • 1Y18.4%
  • YTD-39.3%

Over the last 7 days, the Utilities industry has dropped 16%, driven by Barito Renewables Energy declining 19%. In the past year, the industry has gained 18%. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

Has the Indonesian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026Rp996.0tRp98.8tRp11.3t39.7x88.5x10.1x
Fri, 13 Feb 2026Rp1386.1tRp96.2tRp12.5t43.1x111.2x14.4x
Sun, 11 Jan 2026Rp1617.1tRp96.2tRp12.5t46.5x129.6x16.8x
Tue, 09 Dec 2025Rp1657.9tRp95.5tRp12.4t44x133.9x17.4x
Thu, 06 Nov 2025Rp1621.4tRp95.6tRp12.4t44.5x130.8x17x
Sat, 04 Oct 2025Rp1537.1tRp94.0tRp12.1t45.9x126.8x16.3x
Mon, 01 Sep 2025Rp1513.8tRp91.8tRp10.9t42.1x139x16.5x
Wed, 30 Jul 2025Rp1422.3tRp91.3tRp10.9t32.1x130.1x15.6x
Fri, 27 Jun 2025Rp881.9tRp88.7tRp10.3t24.7x85.3x9.9x
Sun, 25 May 2025Rp1007.0tRp88.7tRp10.3t25.8x97.4x11.4x
Tue, 22 Apr 2025Rp842.7tRp91.4tRp11.9t20.1x71x9.2x
Thu, 20 Mar 2025Rp793.2tRp89.7tRp11.7t11.1x67.8x8.8x
Sat, 15 Feb 2025Rp916.7tRp88.2tRp11.5t12.7x79.9x10.4x
Mon, 13 Jan 2025Rp1494.6tRp87.8tRp11.4t13.5x130.9x17x
Wed, 11 Dec 2024Rp1225.9tRp86.0tRp11.2t15.5x109.8x14.2x
Fri, 08 Nov 2024Rp900.1tRp85.3tRp11.1t16.6x81.3x10.6x
Sun, 06 Oct 2024Rp1030.7tRp82.8tRp10.3t18.4x100.4x12.5x
Tue, 03 Sep 2024Rp1539.7tRp83.0tRp10.3t18.3x149.6x18.6x
Thu, 01 Aug 2024Rp1267.5tRp86.2tRp10.8t20.1x117.9x14.7x
Sat, 29 Jun 2024Rp1414.2tRp86.7tRp10.8t18.4x131.5x16.3x
Mon, 27 May 2024Rp1612.3tRp84.8tRp10.5t19.9x153x19x
Wed, 24 Apr 2024Rp1119.6tRp85.8tRp10.4t18.9x107.7x13.1x
Fri, 22 Mar 2024Rp815.6tRp73.5tRp8.7t15.6x94x11.1x
Sun, 18 Feb 2024Rp828.5tRp72.9tRp7.7t16.6x108.1x11.4x
Tue, 16 Jan 2024Rp689.3tRp72.6tRp7.6t16.4x90.3x9.5x
Thu, 14 Dec 2023Rp1106.0tRp72.6tRp7.7t10.2x144.5x15.2x
Sat, 11 Nov 2023Rp794.4tRp72.9tRp7.7t11.4x103.6x10.9x
Mon, 09 Oct 2023Rp220.7tRp72.5tRp7.7t19.6x28.8x3x
Wed, 06 Sep 2023Rp103.3tRp70.8tRp7.5t18.2x13.8x1.5x
Fri, 04 Aug 2023Rp86.2tRp71.1tRp8.3t14x10.3x1.2x
Sun, 02 Jul 2023Rp83.4tRp70.4tRp8.1t14.8x10.4x1.2x
Tue, 30 May 2023Rp82.8tRp70.0tRp7.8t15.3x10.6x1.2x
Thu, 27 Apr 2023Rp80.9tRp67.7tRp8.0t13.6x10.1x1.2x
Sat, 25 Mar 2023Rp80.2tRp67.0tRp8.3t13.3x9.6x1.2x
Price to Earnings Ratio

9.6x


Total Market Cap: Rp80.2tTotal Earnings: Rp8.3tTotal Revenue: Rp67.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 92.8x202420252026
Current Industry PE
  • Investors are pessimistic on the Indonesian Utilities 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 88.5x which is lower than its 3-year average PE of 92.8x.
  • The 3-year average PS ratio of 11.3x is higher than the industry's current PS ratio of 10.1x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Utilities sector?

ID Market-5.70%
Utilities-15.98%
Gas Utilities1.25%
Electric Utilities0%0
Renewable Energy-17.73%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 165x.
    • Analysts are expecting annual earnings growth of 12.3%, which is higher than its past year's earnings decline of 9.3% per year.
  • Investors are most pessimistic about the Gas Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.0x.
Forecasted Growth
  • Analysts are most optimistic on the Gas Utilities industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 33% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 12% 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
PGAS Perusahaan Gas NegaraRp2.00k1.3%
+Rp606.0b		32.1%PE13.2x
ARKO Arkora HydroRp6.40k1.6%
+Rp292.8b		611.1%PE293.3x
LAPD Leyand InternationalRp92.001.1%
+Rp4.0b		384.2%PS1.4x

Latest News

MPOW
Rp90.00
Megapower Makmur
7D
-6.3%
1Y
-10.0%
PGAS
Rp1,995.00
Perusahaan Gas Negara
7D
1.3%
1Y
32.1%
PGEO
Rp945.00
Pertamina Geothermal Energy
7D
-5.5%
1Y
29.5%
HGII
Rp141.00
Hero Global Investment
7D
-1.4%
1Y
-18.5%
ARKO
Rp6,400.00
Arkora Hydro
7D
1.6%
1Y
611.1%
POWR
Rp720.00
Cikarang Listrindo
7D
-2.7%
1Y
11.6%
CDIA
Rp780.00
Chandra Daya Investasi
7D
-6.6%
1Y
n/a
BREN
Rp5,800.00
Barito Renewables Energy
7D
-18.9%
1Y
14.9%
CGAS
Rp159.00
Citra Nusantara Gemilang
7D
-1.9%
1Y
91.6%
KEEN
Rp840.00
Kencana Energi Lestari
7D
-7.7%
1Y
36.6%
LAPD
Rp92.00
Leyand International
7D
1.1%
1Y
384.2%