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Indonesian (IDX) Utilities Sector Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies11
  • 7D-9.9%
  • 3M-37.6%
  • 1Y7.7%
  • YTD-39.3%

Over the last 7 days, the Utilities industry has dropped 14%, driven by Barito Renewables Energy declining 17%. In the past year, the industry has gained 13%. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Mar 2026Rp996.0tRp98.8tRp11.2t53.7x88.6x10.1x
Sun, 15 Feb 2026Rp1355.0tRp96.3tRp12.5t42x108.6x14.1x
Tue, 13 Jan 2026Rp1540.0tRp96.4tRp12.5t45.7x123.2x16x
Thu, 11 Dec 2025Rp1647.6tRp95.5tRp12.4t43.4x133.1x17.3x
Sat, 08 Nov 2025Rp1691.2tRp95.4tRp12.4t45.1x136.7x17.7x
Mon, 06 Oct 2025Rp1590.6tRp94.3tRp12.2t45.7x130.7x16.9x
Wed, 03 Sep 2025Rp1483.9tRp91.6tRp10.9t42.1x136.6x16.2x
Fri, 01 Aug 2025Rp1358.5tRp91.9tRp10.8t31.2x125.6x14.8x
Sun, 29 Jun 2025Rp882.7tRp88.7tRp10.3t24.7x85.5x10x
Tue, 27 May 2025Rp991.9tRp88.8tRp10.3t25.7x95.8x11.2x
Thu, 24 Apr 2025Rp911.2tRp91.8tRp11.9t20.4x76.4x9.9x
Sat, 22 Mar 2025Rp885.9tRp89.5tRp11.7t11.5x75.8x9.9x
Mon, 17 Feb 2025Rp916.7tRp88.2tRp11.5t12.7x79.9x10.4x
Wed, 15 Jan 2025Rp1386.4tRp88.3tRp11.5t13.5x120.8x15.7x
Fri, 13 Dec 2024Rp1236.1tRp86.4tRp11.2t15.3x110.3x14.3x
Sun, 10 Nov 2024Rp1016.7tRp85.0tRp11.0t16.7x92.2x12x
Tue, 08 Oct 2024Rp1003.6tRp83.8tRp10.4t18.1x96.6x12x
Thu, 05 Sep 2024Rp1472.4tRp82.7tRp10.3t18.2x143.5x17.8x
Sat, 03 Aug 2024Rp1268.9tRp86.0tRp10.8t19.2x118x14.8x
Mon, 01 Jul 2024Rp1450.7tRp86.8tRp10.8t18.4x134.7x16.7x
Wed, 29 May 2024Rp1613.6tRp85.4tRp10.6t19.8x152.2x18.9x
Fri, 26 Apr 2024Rp1165.9tRp85.6tRp10.4t19.2x112.4x13.6x
Sun, 24 Mar 2024Rp815.0tRp83.5tRp10.4t19.2x78x9.8x
Tue, 20 Feb 2024Rp832.2tRp73.0tRp7.7t16.7x108.5x11.4x
Thu, 18 Jan 2024Rp786.8tRp73.0tRp7.7t16.2x102.5x10.8x
Sat, 16 Dec 2023Rp1086.1tRp72.2tRp7.6t10.8x142.7x15x
Mon, 13 Nov 2023Rp793.1tRp72.9tRp7.7t11.4x103.4x10.9x
Wed, 11 Oct 2023Rp242.5tRp72.9tRp7.7t19.4x31.5x3.3x
Fri, 08 Sep 2023Rp104.2tRp71.1tRp7.5t17.5x13.9x1.5x
Sun, 06 Aug 2023Rp86.0tRp71.1tRp8.3t13.9x10.3x1.2x
Tue, 04 Jul 2023Rp83.0tRp70.5tRp8.1t14.4x10.3x1.2x
Thu, 01 Jun 2023Rp86.7tRp70.1tRp7.8t15.3x11.1x1.2x
Sat, 29 Apr 2023Rp80.6tRp67.0tRp7.9t13.7x10.1x1.2x
Mon, 27 Mar 2023Rp80.2tRp66.9tRp8.3t13.3x9.7x1.2x
Price to Earnings Ratio

9.7x


Total Market Cap: Rp80.2tTotal Earnings: Rp8.3tTotal Revenue: Rp66.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 92.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Indonesian Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 88.7x which is lower than its 3-year average PE of 92.9x.
  • The 3-year average PS ratio of 11.3x is higher than the industry's current PS ratio of 10.1x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 14% 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-4.32%
Utilities-9.91%
Electric Utilities0%0
Gas Utilities-2.20%
Renewable Energy-10.91%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 166x.
    • Analysts are expecting annual earnings growth of 12.3%, which is higher than its past year's earnings decline of 9.3% 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 Gas Utilities industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 33% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 12% 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 Arkora HydroRp6.40k10.3%
+Rp1.8t		619.1%PE293.3x
LAPD Leyand InternationalRp92.004.5%
+Rp15.9b		360.0%PS1.4x

Latest News

HGII
Rp141.00
Hero Global Investment
7D
-1.4%
1Y
-19.9%
PGAS
Rp1,995.00
Perusahaan Gas Negara
7D
-2.2%
1Y
29.5%
PGEO
Rp945.00
Pertamina Geothermal Energy
7D
-4.5%
1Y
25.2%
ARKO
Rp6,400.00
Arkora Hydro
7D
10.3%
1Y
619.1%
POWR
Rp720.00
Cikarang Listrindo
7D
-0.7%
1Y
11.6%
CDIA
Rp780.00
Chandra Daya Investasi
7D
-4.3%
1Y
n/a
BREN
Rp5,800.00
Barito Renewables Energy
7D
-11.8%
1Y
3.6%
CGAS
Rp159.00
Citra Nusantara Gemilang
7D
-1.9%
1Y
91.6%
KEEN
Rp840.00
Kencana Energi Lestari
7D
-5.6%
1Y
34.4%
LAPD
Rp92.00
Leyand International
7D
4.5%
1Y
360.0%