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Indonesian (IDX) Utilities Sector Analysis

UpdatedJan 27, 2026
DataAggregated Company Financials
Companies11
  • 7D-3.2%
  • 3M3.5%
  • 1Y1.9%
  • YTD-3.7%

Over the last 7 days, the Utilities industry has dropped 3.7%, driven by pullbacks in Chandra Daya Investasi and Barito Renewables Energy of 15% and 2.1%, respectively. On the other hand Perusahaan Gas Negara is actually up 11%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 27 Jan 2026Rp1579.6tRp95.9tRp12.4t45.4x127.1x16.5x
Thu, 25 Dec 2025Rp1574.7tRp95.8tRp12.4t42.3x126.8x16.4x
Sat, 22 Nov 2025Rp1661.1tRp95.7tRp12.4t45.9x133.9x17.4x
Mon, 20 Oct 2025Rp1556.9tRp94.1tRp12.1t47.3x128.2x16.5x
Wed, 17 Sep 2025Rp1492.3tRp92.9tRp11.1t41x133.9x16.1x
Fri, 15 Aug 2025Rp1561.2tRp89.9tRp10.7t41.6x146.4x17.4x
Sun, 13 Jul 2025Rp984.3tRp90.3tRp10.8t27.3x91x10.9x
Tue, 10 Jun 2025Rp967.4tRp89.0tRp10.4t25.5x93.3x10.9x
Thu, 08 May 2025Rp913.7tRp90.4tRp10.5t25.3x86.7x10.1x
Sat, 05 Apr 2025Rp823.9tRp90.1tRp11.7t20.2x70.4x9.1x
Mon, 03 Mar 2025Rp908.9tRp90.0tRp11.7t12x77.4x10.1x
Wed, 29 Jan 2025Rp1383.5tRp87.8tRp11.4t14x121.3x15.8x
Fri, 27 Dec 2024Rp1314.1tRp87.8tRp11.4t14.9x115.3x15x
Sun, 24 Nov 2024Rp991.9tRp86.1tRp11.2t16.4x88.8x11.5x
Tue, 22 Oct 2024Rp1042.4tRp82.8tRp10.3t18.4x101.5x12.6x
Thu, 19 Sep 2024Rp1534.5tRp82.0tRp10.2t18.1x150.9x18.7x
Sat, 17 Aug 2024Rp1267.6tRp83.2tRp10.3t19.5x123x15.2x
Mon, 15 Jul 2024Rp1372.5tRp85.6tRp10.6t20.1x129.3x16x
Wed, 12 Jun 2024Rp988.2tRp86.4tRp10.7t18.2x92.2x11.4x
Fri, 10 May 2024Rp1399.1tRp85.1tRp10.6t20.7x132.4x16.4x
Sun, 07 Apr 2024Rp1026.4tRp83.9tRp10.2t19x101x12.2x
Tue, 05 Mar 2024Rp914.9tRp73.4tRp7.7t15.6x118.4x12.5x
Thu, 01 Feb 2024Rp761.9tRp73.6tRp7.7t16.3x98.5x10.3x
Sat, 30 Dec 2023Rp1092.2tRp71.5tRp7.5t11.3x144.8x15.3x
Mon, 27 Nov 2023Rp900.3tRp72.1tRp7.6t11.8x118.5x12.5x
Wed, 25 Oct 2023Rp604.2tRp73.6tRp7.8t17.9x77.7x8.2x
Fri, 22 Sep 2023Rp116.3tRp71.3tRp7.5t20.9x15.5x1.6x
Sun, 20 Aug 2023Rp93.4tRp71.8tRp8.4t14.6x11.1x1.3x
Tue, 18 Jul 2023Rp82.0tRp70.4tRp8.1t14.3x10.2x1.2x
Thu, 15 Jun 2023Rp81.9tRp69.8tRp8.0t14.2x10.2x1.2x
Sat, 13 May 2023Rp82.6tRp69.2tRp7.7t16.1x10.7x1.2x
Mon, 10 Apr 2023Rp74.3tRp66.0tRp8.1t12.2x9.1x1.1x
Wed, 08 Mar 2023Rp88.7tRp67.7tRp8.4t13.7x10.6x1.3x
Fri, 03 Feb 2023Rp53.3tRp59.9tRp6.4t10.1x8.4x0.9x
Price to Earnings Ratio

8.4x


Total Market Cap: Rp53.3tTotal Earnings: Rp6.4tTotal Revenue: Rp59.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 88.3x202420252026
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 88.2x.
  • 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-1.77%
Utilities-3.18%
Gas Utilities10.74%
Electric Utilities0%0
Renewable Energy-2.02%
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
ARKO PT. Arkora HydroRp11.70k8.8%
+Rp2.8t		1,058.4%PE700.3x
PGAS Perusahaan Gas NegaraRp2.16k3.8%
+Rp1.9t		30.9%PE9.9x
CGAS Citra Nusantara GemilangRp197.003.7%
+Rp12.4b		105.2%PE36.6x

Latest News

ARKO
Rp11,700.00
PT. Arkora Hydro
7D
8.8%
1Y
1,058.4%
KEEN
Rp1,115.00
Kencana Energi Lestari
7D
-13.2%
1Y
75.6%
MPOW
Rp126.00
Megapower Makmur
7D
-6.0%
1Y
24.8%
CGAS
Rp197.00
Citra Nusantara Gemilang
7D
3.7%
1Y
105.2%
HGII
Rp160.00
Hero Global Investment
7D
-10.6%
1Y
-25.2%
CDIA
Rp1,400.00
Chandra Daya Investasi
7D
-10.0%
1Y
n/a
PGEO
Rp1,245.00
Pertamina Geothermal Energy
7D
-1.2%
1Y
24.5%
PGAS
Rp2,160.00
Perusahaan Gas Negara
7D
3.8%
1Y
30.9%
LAPD
Rp141.00
Leyand International
7D
-6.0%
1Y
605.0%