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Indonesian (IDX) Utilities Sector Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies11
  • 7D-1.4%
  • 3M-6.6%
  • 1Y-5.4%
  • YTD-1.4%

Over the last 7 days, the Utilities industry has dropped 1.4%, driven by Barito Renewables Energy declining 2.1%. In contrast, PT. Arkora Hydro has gained 51%. Overall the industry is down 5.4% in 12 months. 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
Sat, 10 Jan 2026Rp1617.1tRp96.1tRp12.5t46.5x129.8x16.8x
Mon, 08 Dec 2025Rp1658.5tRp95.3tRp12.4t44x134.2x17.4x
Wed, 05 Nov 2025Rp1550.8tRp95.6tRp12.4t44.8x125.2x16.2x
Fri, 03 Oct 2025Rp1532.2tRp94.3tRp12.2t46.1x126x16.2x
Sun, 31 Aug 2025Rp1513.8tRp91.8tRp10.9t42.1x139x16.5x
Tue, 29 Jul 2025Rp1395.5tRp91.1tRp10.9t27.9x127.8x15.3x
Thu, 26 Jun 2025Rp881.9tRp89.2tRp10.4t24.5x84.9x9.9x
Sat, 24 May 2025Rp988.9tRp88.8tRp10.4t25.8x95.5x11.1x
Mon, 21 Apr 2025Rp842.1tRp91.6tRp11.9t19.9x70.8x9.2x
Wed, 19 Mar 2025Rp759.2tRp89.2tRp11.6t11x65.2x8.5x
Fri, 14 Feb 2025Rp912.9tRp88.8tRp11.5t13x79.1x10.3x
Sun, 12 Jan 2025Rp1494.6tRp87.8tRp11.4t13.5x130.9x17x
Tue, 10 Dec 2024Rp1211.2tRp86.0tRp11.2t15.5x108.5x14.1x
Thu, 07 Nov 2024Rp950.3tRp85.8tRp11.1t16.9x85.3x11.1x
Sat, 05 Oct 2024Rp1015.0tRp82.8tRp10.3t18.4x98.9x12.3x
Mon, 02 Sep 2024Rp1539.5tRp82.6tRp10.2t18.4x150.3x18.6x
Wed, 31 Jul 2024Rp1259.7tRp86.6tRp10.8t19.4x116.6x14.5x
Fri, 28 Jun 2024Rp1406.8tRp86.9tRp10.8t18.5x130.4x16.2x
Sun, 26 May 2024Rp1612.3tRp84.8tRp10.5t19.9x153x19x
Tue, 23 Apr 2024Rp1187.1tRp85.9tRp10.4t19x114x13.8x
Thu, 21 Mar 2024Rp820.6tRp73.8tRp8.7t15.4x94.1x11.1x
Sat, 17 Feb 2024Rp828.5tRp72.9tRp7.7t16.6x108x11.4x
Mon, 15 Jan 2024Rp724.4tRp72.6tRp7.6t16.3x94.9x10x
Wed, 13 Dec 2023Rp1110.1tRp72.5tRp7.6t10.1x145.2x15.3x
Fri, 10 Nov 2023Rp794.6tRp72.7tRp7.6t12.1x103.9x10.9x
Sun, 08 Oct 2023Rp220.7tRp72.5tRp7.7t19.6x28.8x3x
Tue, 05 Sep 2023Rp108.5tRp70.5tRp7.4t19.1x14.6x1.5x
Thu, 03 Aug 2023Rp84.8tRp71.2tRp8.3t14x10.2x1.2x
Sat, 01 Jul 2023Rp83.4tRp70.4tRp8.1t14.8x10.4x1.2x
Mon, 29 May 2023Rp82.8tRp70.1tRp7.8t15.3x10.6x1.2x
Wed, 26 Apr 2023Rp79.7tRp68.0tRp8.1t13.4x9.9x1.2x
Fri, 24 Mar 2023Rp80.0tRp67.7tRp8.4t13.2x9.5x1.2x
Sun, 19 Feb 2023Rp53.2tRp61.0tRp6.5t9.9x8.2x0.9x
Tue, 17 Jan 2023Rp51.5tRp60.6tRp6.4t10.3x8x0.9x
Price to Earnings Ratio

8x


Total Market Cap: Rp51.5tTotal Earnings: Rp6.4tTotal Revenue: Rp60.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 86.5x202420252026
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 130x which is higher than its 3-year average PE of 86.5x.
  • The 3-year average PS ratio of 10.5x is lower than the industry's current PS ratio of 16.8x.
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 Market1.78%
Utilities-1.43%
Gas Utilities2.40%
Electric Utilities0%0
Renewable Energy-0.96%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 153x.
    • Analysts are expecting annual earnings growth of 15.7%, 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 HydroRp10.75k50.9%
+Rp10.6t		1,002.6%PE643.5x
PGEO Pertamina Geothermal EnergyRp1.20k5.8%
+Rp2.7t		32.8%PE22.7x
PGAS Perusahaan Gas NegaraRp1.98k2.3%
+Rp1.1t		15.8%PE9.1x
POWR Cikarang ListrindoRp715.001.4%
+Rp158.3b		3.6%PE11.2x
LAPD Leyand InternationalRp176.0013.5%
+Rp83.3b		576.9%PS2.6x

Latest News

CGAS
Rp204.00
Citra Nusantara Gemilang
7D
12.1%
1Y
104.0%
HGII
Rp165.00
Hero Global Investment
7D
7.1%
1Y
-14.9%
POWR
Rp715.00
Cikarang Listrindo
7D
1.4%
1Y
3.6%
ARKO
Rp10,750.00
PT. Arkora Hydro
7D
50.9%
1Y
1,002.6%
CDIA
Rp1,625.00
Chandra Daya Investasi
7D
-5.2%
1Y
n/a
KEEN
Rp1,030.00
Kencana Energi Lestari
7D
0.5%
1Y
60.9%
PGEO
Rp1,195.00
Pertamina Geothermal Energy
7D
5.8%
1Y
32.8%
BREN
Rp9,475.00
Barito Renewables Energy
7D
-2.1%
1Y
-9.3%
PGAS
Rp1,975.00
Perusahaan Gas Negara
7D
2.3%
1Y
15.8%
LAPD
Rp176.00
Leyand International
7D
13.5%
1Y
576.9%