Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indonesian (IDX) Utilities Sector Analysis

UpdatedJan 25, 2026
DataAggregated Company Financials
Companies11
  • 7D-3.7%
  • 3M-0.03%
  • 1Y1.3%
  • YTD-3.8%

Over the last 7 days, the Utilities industry has dropped 3.7%, driven by a pullback from Barito Renewables Energy of 4.1%. On the other hand Perusahaan Gas Negara is actually up 12%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 25 Jan 2026Rp1578.4tRp96.3tRp12.5t44.8x126.5x16.4x
Tue, 23 Dec 2025Rp1613.1tRp96.0tRp12.4t42.6x129.6x16.8x
Thu, 20 Nov 2025Rp1634.1tRp95.7tRp12.4t45.4x131.8x17.1x
Sat, 18 Oct 2025Rp1557.3tRp94.2tRp12.2t47.2x128.1x16.5x
Mon, 15 Sep 2025Rp1452.1tRp92.8tRp11.1t41.3x130.5x15.7x
Wed, 13 Aug 2025Rp1536.3tRp91.0tRp10.8t41.3x142.3x16.9x
Fri, 11 Jul 2025Rp973.9tRp90.4tRp10.8t26.9x89.9x10.8x
Sun, 08 Jun 2025Rp967.4tRp89.0tRp10.4t25.5x93.3x10.9x
Tue, 06 May 2025Rp918.9tRp89.9tRp10.5t26.2x87.6x10.2x
Thu, 03 Apr 2025Rp823.9tRp90.2tRp11.7t18.6x70.3x9.1x
Sat, 01 Mar 2025Rp908.9tRp90.0tRp11.7t12x77.4x10.1x
Mon, 27 Jan 2025Rp1383.5tRp87.8tRp11.4t14x121.3x15.8x
Wed, 25 Dec 2024Rp1314.1tRp87.8tRp11.4t14.9x115.3x15x
Fri, 22 Nov 2024Rp971.4tRp86.4tRp11.2t16.2x86.7x11.2x
Sun, 20 Oct 2024Rp1062.0tRp82.7tRp10.3t18.4x103.5x12.8x
Tue, 17 Sep 2024Rp1674.7tRp82.3tRp10.2t18.1x164x20.3x
Thu, 15 Aug 2024Rp1285.0tRp83.2tRp10.3t19.7x124.8x15.5x
Sat, 13 Jul 2024Rp1368.7tRp85.5tRp10.6t20.1x129x16x
Mon, 10 Jun 2024Rp912.3tRp85.9tRp10.7t18.4x85.6x10.6x
Wed, 08 May 2024Rp1352.8tRp85.2tRp10.6t20.5x127.5x15.9x
Fri, 05 Apr 2024Rp885.6tRp83.9tRp10.2t19x87.1x10.6x
Sun, 03 Mar 2024Rp924.9tRp73.3tRp7.7t15.8x119.9x12.6x
Tue, 30 Jan 2024Rp771.3tRp73.8tRp7.8t16x99.4x10.4x
Thu, 28 Dec 2023Rp1115.8tRp71.6tRp7.6t11.2x147.7x15.6x
Sat, 25 Nov 2023Rp949.2tRp72.3tRp7.6t11.8x124.7x13.1x
Mon, 23 Oct 2023Rp644.8tRp73.6tRp7.8t18.1x83x8.8x
Wed, 20 Sep 2023Rp115.6tRp71.3tRp7.5t20.2x15.4x1.6x
Fri, 18 Aug 2023Rp93.4tRp71.8tRp8.4t14.8x11.1x1.3x
Sun, 16 Jul 2023Rp81.8tRp70.2tRp8.0t14.2x10.2x1.2x
Tue, 13 Jun 2023Rp82.1tRp69.7tRp8.0t14.4x10.3x1.2x
Thu, 11 May 2023Rp82.9tRp68.8tRp7.6t16x10.8x1.2x
Sat, 08 Apr 2023Rp74.3tRp65.9tRp8.1t12.2x9.1x1.1x
Mon, 06 Mar 2023Rp88.8tRp67.4tRp8.4t13.9x10.6x1.3x
Wed, 01 Feb 2023Rp51.7tRp60.5tRp6.4t9.8x8x0.9x
Price to Earnings Ratio

8x


Total Market Cap: Rp51.7tTotal Earnings: Rp6.4tTotal Revenue: Rp60.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 88.1x202420252026
Current Industry PE
  • Investors are optimistic on the Indonesian Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 126x which is higher than its 3-year average PE of 88.1x.
  • The 3-year average PS ratio of 10.7x is lower than the industry's current PS ratio of 16.4x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 25% 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 Utilities sector?

ID Market-1.39%
Utilities-3.75%
Gas Utilities12.32%
Electric Utilities0%0
Renewable Energy-3.84%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 157x.
    • Analysts are expecting annual earnings growth of 16.1%, which is higher than its past year's earnings decline of 18.9% 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 7.9x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 2.8% 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
PGAS Perusahaan Gas NegaraRp2.27k12.4%
+Rp6.1t		37.6%PE10.4x
ARKO PT. Arkora HydroRp11.83k10.0%
+Rp3.1t		1,070.8%PE707.8x
KEEN Kencana Energi LestariRp1.15k12.7%
+Rp476.6b		81.1%PE74.7x
POWR Cikarang ListrindoRp715.000.7%
+Rp79.1b		7.5%PE11.2x
CGAS Citra Nusantara GemilangRp199.004.2%
+Rp14.2b		107.3%PE37x

Latest News

ARKO
Rp11,825.00
PT. Arkora Hydro
7D
10.0%
1Y
1,070.8%
KEEN
Rp1,150.00
Kencana Energi Lestari
7D
12.7%
1Y
81.1%
MPOW
Rp124.00
Megapower Makmur
7D
-1.6%
1Y
22.8%
BREN
Rp9,300.00
Barito Renewables Energy
7D
-4.1%
1Y
-3.1%
CGAS
Rp199.00
Citra Nusantara Gemilang
7D
4.2%
1Y
107.3%
HGII
Rp159.00
Hero Global Investment
7D
-3.6%
1Y
-25.7%
POWR
Rp715.00
Cikarang Listrindo
7D
0.7%
1Y
7.5%
CDIA
Rp1,415.00
Chandra Daya Investasi
7D
-7.2%
1Y
n/a
PGEO
Rp1,205.00
Pertamina Geothermal Energy
7D
-7.3%
1Y
20.5%
PGAS
Rp2,270.00
Perusahaan Gas Negara
7D
12.4%
1Y
37.6%
LAPD
Rp149.00
Leyand International
7D
-0.7%
1Y
645.0%