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Indonesian (IDX) Utilities Sector Analysis

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies11
  • 7D-2.4%
  • 3M-20.6%
  • 1Y23.7%
  • YTD-18.0%

Over the last 7 days, the Utilities industry has dropped 6.3%, driven by a pullback from Barito Renewables Energy of 5.9%. Meanwhile, Perusahaan Gas Negara actually outperformed within the industry, gaining 5.2% in the last week. Over the past 12 months, the industry was up 17%. 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
Tue, 10 Feb 2026Rp1344.9tRp96.1tRp12.5t40.6x107.9x14x
Thu, 08 Jan 2026Rp1637.1tRp95.9tRp12.4t46.2x131.7x17.1x
Sat, 06 Dec 2025Rp1658.5tRp95.3tRp12.4t44x134.3x17.4x
Mon, 03 Nov 2025Rp1482.8tRp94.9tRp12.6t47.6x117.4x15.6x
Wed, 01 Oct 2025Rp1563.1tRp94.7tRp12.2t45.8x128x16.5x
Fri, 29 Aug 2025Rp1624.7tRp91.0tRp10.8t43x150.5x17.9x
Sun, 27 Jul 2025Rp1355.6tRp91.0tRp10.9t28.1x124.3x14.9x
Tue, 24 Jun 2025Rp923.0tRp90.0tRp10.5t24.1x88.1x10.3x
Thu, 22 May 2025Rp988.7tRp89.6tRp10.4t26.1x94.6x11x
Sat, 19 Apr 2025Rp842.1tRp91.6tRp11.9t19.9x70.8x9.2x
Mon, 17 Mar 2025Rp891.9tRp88.7tRp11.6t11.6x77.1x10.1x
Wed, 12 Feb 2025Rp897.0tRp88.9tRp11.6t11.7x77.7x10.1x
Fri, 10 Jan 2025Rp1463.6tRp87.9tRp11.4t13.6x128.1x16.6x
Sun, 08 Dec 2024Rp1233.9tRp85.9tRp11.2t15.6x110.6x14.4x
Tue, 05 Nov 2024Rp980.7tRp85.5tRp11.1t17.1x88.4x11.5x
Thu, 03 Oct 2024Rp1008.4tRp81.3tRp10.1t18.4x100x12.4x
Sat, 31 Aug 2024Rp1495.6tRp82.6tRp10.2t18.4x146x18.1x
Mon, 29 Jul 2024Rp1285.1tRp86.3tRp10.8t19.3x119.4x14.9x
Wed, 26 Jun 2024Rp1358.0tRp86.9tRp10.8t17.7x125.9x15.6x
Fri, 24 May 2024Rp1612.3tRp85.0tRp10.6t19.9x152.7x19x
Sun, 21 Apr 2024Rp1187.1tRp85.9tRp10.4t19x114x13.8x
Tue, 19 Mar 2024Rp789.4tRp73.7tRp8.7t15.5x90.7x10.7x
Thu, 15 Feb 2024Rp770.8tRp72.8tRp7.7t16.5x100.7x10.6x
Sat, 13 Jan 2024Rp724.4tRp72.6tRp7.6t16.3x94.9x10x
Mon, 11 Dec 2023Rp1168.3tRp72.3tRp7.6t10.4x153.2x16.1x
Wed, 08 Nov 2023Rp689.9tRp72.7tRp7.7t12.9x90.1x9.5x
Fri, 06 Oct 2023Rp113.0tRp72.4tRp7.6t19.6x14.8x1.6x
Sun, 03 Sep 2023Rp108.5tRp70.7tRp7.5t19.4x14.5x1.5x
Tue, 01 Aug 2023Rp84.8tRp70.8tRp8.2t14.8x10.4x1.2x
Thu, 29 Jun 2023Rp83.4tRp70.3tRp8.0t14.9x10.4x1.2x
Sat, 27 May 2023Rp82.4tRp70.0tRp7.8t15.4x10.6x1.2x
Mon, 24 Apr 2023Rp79.7tRp68.2tRp8.1t13.3x9.9x1.2x
Wed, 22 Mar 2023Rp80.0tRp67.5tRp8.4t13.3x9.6x1.2x
Fri, 17 Feb 2023Rp52.6tRp60.9tRp6.5t9.8x8.1x0.9x
Price to Earnings Ratio

8.1x


Total Market Cap: Rp52.6tTotal Earnings: Rp6.5tTotal Revenue: Rp60.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 89.7x202420252026
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 107x which is higher than its 3-year average PE of 89.6x.
  • The 3-year average PS ratio of 10.9x is lower than the industry's current PS ratio of 13.8x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 24% per year over the last three years.
  • Revenues for these companies have grown 16% 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 Market2.08%
Utilities-2.35%
Gas Utilities1.80%
Electric Utilities0%0
Renewable Energy-3.25%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 159x.
    • Analysts are expecting annual earnings growth of 12.5%, 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 13% 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 NegaraRp2.22k1.8%
+Rp969.7b		39.2%PE10.2x
PGEO Pertamina Geothermal EnergyRp1.13k0.4%
+Rp209.0b		29.3%PE21.4x
KEEN Kencana Energi LestariRp1.06k5.0%
+Rp183.3b		67.5%PE68.7x
MPOW Megapower MakmurRp108.008.0%
+Rp6.5b		1.9%PS2.8x

Latest News

CDIA
Rp1,045.00
Chandra Daya Investasi
7D
-2.8%
1Y
n/a
HGII
Rp144.00
Hero Global Investment
7D
-0.7%
1Y
-23.8%
BREN
Rp8,050.00
Barito Renewables Energy
7D
-3.3%
1Y
21.1%
CGAS
Rp161.00
Citra Nusantara Gemilang
7D
-8.5%
1Y
106.4%
PGEO
Rp1,125.00
Pertamina Geothermal Energy
7D
0.4%
1Y
29.3%
ARKO
Rp6,825.00
PT. Arkora Hydro
7D
-11.4%
1Y
645.9%
KEEN
Rp1,055.00
Kencana Energi Lestari
7D
5.0%
1Y
67.5%
MPOW
Rp108.00
Megapower Makmur
7D
8.0%
1Y
1.9%
PGAS
Rp2,220.00
Perusahaan Gas Negara
7D
1.8%
1Y
39.2%
LAPD
Rp98.00
Leyand International
7D
-13.3%
1Y
292.0%