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Indonesian (IDX) Utilities Sector Analysis

UpdatedDec 21, 2025
DataAggregated Company Financials
Companies11
  • 7D-2.3%
  • 3M4.8%
  • 1Y3.7%
  • YTD14.5%

Over the last 7 days, the Utilities industry has dropped 2.3%, driven by a pullback from Barito Renewables Energy of 2.1%. This takes the industry's 12 month performance to a gain of 3.7%. 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
Mon, 22 Dec 2025Rp1597.4tRp95.7tRp12.4t43.7x128.8x16.7x
Wed, 19 Nov 2025Rp1626.5tRp95.8tRp12.4t45.4x130.9x17x
Fri, 17 Oct 2025Rp1649.7tRp94.2tRp12.2t49.9x135.8x17.5x
Sun, 14 Sep 2025Rp1452.1tRp92.8tRp11.1t41.3x130.5x15.7x
Tue, 12 Aug 2025Rp1484.1tRp90.8tRp10.8t41.6x137.7x16.3x
Thu, 10 Jul 2025Rp939.9tRp90.5tRp10.8t26.9x86.7x10.4x
Sat, 07 Jun 2025Rp967.4tRp89.0tRp10.4t25.5x93.3x10.9x
Mon, 05 May 2025Rp912.3tRp89.8tRp10.5t23.9x87.1x10.2x
Wed, 02 Apr 2025Rp823.9tRp89.9tRp11.8t18.6x69.9x9.2x
Fri, 28 Feb 2025Rp921.4tRp89.2tRp11.6t12.6x79.2x10.3x
Sun, 26 Jan 2025Rp1383.5tRp87.8tRp11.4t14x121.3x15.8x
Tue, 24 Dec 2024Rp1348.2tRp87.7tRp11.4t15x118.5x15.4x
Thu, 21 Nov 2024Rp998.9tRp86.0tRp11.2t16.6x89.5x11.6x
Sat, 19 Oct 2024Rp1063.3tRp82.8tRp10.3t18.4x103.5x12.8x
Mon, 16 Sep 2024Rp1674.7tRp82.3tRp10.2t18.1x164x20.3x
Wed, 14 Aug 2024Rp1233.2tRp84.0tRp10.4t19.2x118.6x14.7x
Fri, 12 Jul 2024Rp1368.7tRp85.7tRp10.6t20.1x128.7x16x
Sun, 09 Jun 2024Rp912.3tRp85.9tRp10.7t18.4x85.6x10.6x
Tue, 07 May 2024Rp1425.0tRp85.0tRp10.6t21.1x134.6x16.8x
Thu, 04 Apr 2024Rp857.3tRp84.4tRp10.2t16.2x83.7x10.2x
Sat, 02 Mar 2024Rp924.9tRp73.3tRp7.7t16.7x120x12.6x
Mon, 29 Jan 2024Rp795.0tRp73.8tRp7.8t16.1x102.4x10.8x
Wed, 27 Dec 2023Rp1095.3tRp71.9tRp7.6t10.9x144.5x15.2x
Fri, 24 Nov 2023Rp999.4tRp72.3tRp7.6t11.9x131.3x13.8x
Sun, 22 Oct 2023Rp644.8tRp73.6tRp7.8t18.1x83x8.8x
Tue, 19 Sep 2023Rp109.3tRp71.2tRp7.5t20.2x14.5x1.5x
Thu, 17 Aug 2023Rp93.5tRp71.9tRp8.4t14.8x11.1x1.3x
Sat, 15 Jul 2023Rp80.7tRp70.2tRp8.0t14.2x10x1.1x
Mon, 12 Jun 2023Rp85.1tRp69.8tRp8.0t14.4x10.7x1.2x
Wed, 10 May 2023Rp82.0tRp68.8tRp7.7t16x10.7x1.2x
Fri, 07 Apr 2023Rp74.3tRp65.9tRp8.2t12x9.1x1.1x
Sun, 05 Mar 2023Rp88.8tRp67.4tRp8.4t13.9x10.6x1.3x
Tue, 31 Jan 2023Rp52.2tRp60.2tRp6.4t9.9x8.1x0.9x
Thu, 29 Dec 2022Rp57.5tRp63.4tRp6.7t11.5x8.5x0.9x
Price to Earnings Ratio

8.5x


Total Market Cap: Rp57.5tTotal Earnings: Rp6.7tTotal Revenue: Rp63.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 84.4x202320242025
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 129x which is higher than its 3-year average PE of 84.3x.
  • The 3-year average PS ratio of 10.2x is lower than the industry's current PS ratio of 16.7x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 15% 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-0.94%
Utilities-2.31%
Gas Utilities1.58%
Electric Utilities0%0
Renewable Energy-2.28%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 149x.
    • Analysts are expecting annual earnings growth of 15.8%, 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 2.1% 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 NegaraRp1.86k1.6%
+Rp727.2b		20.0%PE8.6x
POWR Cikarang ListrindoRp705.000.7%
+Rp79.1b		2.2%PE11.1x
LAPD Leyand InternationalRp175.0010.1%
+Rp63.5b		775.0%PS2.6x
HGII Hero Global InvestmentRp155.000.6%
+Rp6.5b		n/aPE43.7x

Latest News

HGII
Rp155.00
Hero Global Investment
7D
0.6%
1Y
n/a
POWR
Rp705.00
Cikarang Listrindo
7D
0.7%
1Y
2.2%
ARKO
Rp4,280.00
PT. Arkora Hydro
7D
-16.9%
1Y
352.9%
CGAS
Rp176.00
Citra Nusantara Gemilang
7D
-5.9%
1Y
83.3%
MPOW
Rp123.00
Megapower Makmur
7D
-2.4%
1Y
32.3%
CDIA
Rp1,775.00
Chandra Daya Investasi
7D
-3.3%
1Y
n/a
KEEN
Rp1,005.00
Kencana Energi Lestari
7D
-4.3%
1Y
68.9%
PGEO
Rp1,125.00
Pertamina Geothermal Energy
7D
-3.4%
1Y
15.4%
BREN
Rp9,375.00
Barito Renewables Energy
7D
-2.1%
1Y
1.9%
PGAS
Rp1,860.00
Perusahaan Gas Negara
7D
1.6%
1Y
20.0%
LAPD
Rp175.00
Leyand International
7D
10.1%
1Y
775.0%