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Indonesian (IDX) Utilities Sector Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies11
  • 7D-6.3%
  • 3M-24.0%
  • 1Y24.6%
  • YTD-24.4%

Over the last 7 days, the Utilities industry has dropped 6.3%, driven by a pullback from Barito Renewables Energy of 7.0%. Over the past 12 months, the industry was up 25%. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026Rp1240.1tRp96.5tRp12.7t39.2x97.6x12.8x
Sat, 31 Jan 2026Rp1427.0tRp96.0tRp12.4t42.3x114.7x14.9x
Mon, 29 Dec 2025Rp1574.7tRp95.9tRp12.4t42.3x126.7x16.4x
Wed, 26 Nov 2025Rp1639.9tRp95.1tRp12.3t45.9x133x17.2x
Fri, 24 Oct 2025Rp1536.3tRp94.4tRp12.2t54.3x126.2x16.3x
Sun, 21 Sep 2025Rp1504.7tRp94.1tRp12.1t42.7x123.9x16x
Tue, 19 Aug 2025Rp1487.3tRp90.2tRp10.7t41.6x139.1x16.5x
Thu, 17 Jul 2025Rp1230.8tRp90.7tRp10.9t27.2x113.3x13.6x
Sat, 14 Jun 2025Rp983.6tRp89.0tRp10.4t25.8x94.8x11.1x
Mon, 12 May 2025Rp899.2tRp90.3tRp10.5t22.9x85.5x10x
Wed, 09 Apr 2025Rp717.5tRp91.8tRp11.9t18.7x60.2x7.8x
Fri, 07 Mar 2025Rp935.6tRp88.7tRp11.6t12.6x80.9x10.6x
Sun, 02 Feb 2025Rp1303.1tRp88.5tRp11.5t13.5x113.4x14.7x
Tue, 31 Dec 2024Rp1334.5tRp87.5tRp11.4t14.7x117.5x15.3x
Thu, 28 Nov 2024Rp992.5tRp86.4tRp11.2t16.1x88.5x11.5x
Sat, 26 Oct 2024Rp1091.1tRp83.6tRp10.4t17.9x105.2x13.1x
Mon, 23 Sep 2024Rp1280.0tRp81.0tRp10.0t18.3x127.4x15.8x
Wed, 21 Aug 2024Rp1367.4tRp82.0tRp10.2t19.4x134.7x16.7x
Fri, 19 Jul 2024Rp1148.6tRp85.8tRp10.6t20.1x107.9x13.4x
Sun, 16 Jun 2024Rp1143.8tRp86.9tRp10.8t16.3x106x13.2x
Tue, 14 May 2024Rp1399.1tRp85.5tRp10.6t19.8x131.8x16.4x
Thu, 11 Apr 2024Rp1026.4tRp83.8tRp10.2t19x101.1x12.2x
Sat, 09 Mar 2024Rp914.2tRp72.7tRp7.7t15.6x119.3x12.6x
Mon, 05 Feb 2024Rp760.2tRp73.1tRp7.7t16.4x98.9x10.4x
Wed, 03 Jan 2024Rp1113.0tRp71.8tRp7.6t11.3x146.9x15.5x
Fri, 01 Dec 2023Rp1007.0tRp72.2tRp7.6t11.6x132.5x14x
Sun, 29 Oct 2023Rp648.1tRp73.8tRp7.5t17.9x86.6x8.8x
Tue, 26 Sep 2023Rp117.0tRp71.3tRp7.5t21.1x15.5x1.6x
Thu, 24 Aug 2023Rp96.6tRp71.7tRp8.4t15.5x11.5x1.3x
Sat, 22 Jul 2023Rp80.4tRp70.4tRp8.1t14.2x10x1.1x
Mon, 19 Jun 2023Rp81.6tRp70.1tRp8.0t14.1x10.2x1.2x
Wed, 17 May 2023Rp84.9tRp69.3tRp7.7t15.7x11x1.2x
Fri, 14 Apr 2023Rp77.4tRp65.1tRp8.0t12.9x9.7x1.2x
Sun, 12 Mar 2023Rp87.4tRp68.3tRp8.5t13.6x10.3x1.3x
Price to Earnings Ratio

10.3x


Total Market Cap: Rp87.4tTotal Earnings: Rp8.5tTotal Revenue: Rp68.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 91.8x202420252026
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 97.6x which is higher than its 3-year average PE of 91.8x.
  • The 3-year average PS ratio of 11.2x is lower than the industry's current PS ratio of 12.8x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 12% 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-9.37%
Utilities-6.35%
Gas Utilities2.17%
Electric Utilities0%0
Renewable Energy-5.43%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry, which is trading close to its 3-year average PE ratio of 164x.
    • Analysts are expecting annual earnings growth of 13.8%, which is higher than its past year's earnings decline of 12.3% 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 Renewable Energy industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings growth to stay flat 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 NegaraRp2.40k4.3%
+Rp2.4t		59.5%PE11x
POWR Cikarang ListrindoRp740.000%
Rp15.9b		12.1%PE9.6x
CGAS Citra Nusantara GemilangRp172.002.4%
+Rp7.1b		89.0%PE31.9x

Latest News

CDIA
Rp895.00
Chandra Daya Investasi
7D
-13.9%
1Y
n/a
ARKO
Rp6,625.00
PT. Arkora Hydro
7D
-21.8%
1Y
624.0%
POWR
Rp740.00
Cikarang Listrindo
7D
0%
1Y
12.1%
HGII
Rp142.00
Hero Global Investment
7D
-5.3%
1Y
-20.7%
BREN
Rp7,300.00
Barito Renewables Energy
7D
-7.0%
1Y
15.4%
CGAS
Rp172.00
Citra Nusantara Gemilang
7D
2.4%
1Y
89.0%
PGEO
Rp1,040.00
Pertamina Geothermal Energy
7D
-5.5%
1Y
20.2%
KEEN
Rp1,005.00
Kencana Energi Lestari
7D
-5.6%
1Y
58.3%
PGAS
Rp2,400.00
Perusahaan Gas Negara
7D
4.3%
1Y
59.5%
LAPD
Rp97.00
Leyand International
7D
-14.9%
1Y
361.9%