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Indonesian (IDX) Utilities Sector Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies11
  • 7D-2.5%
  • 3M-18.0%
  • 1Y-3.5%
  • YTD-16.5%

Over the last 7 days, the Utilities industry has dropped 14%, driven by declines in Chandra Daya Investasi and Barito Renewables Energy of 9.2% and 1.2%, respectively. However, the industry is down 3.5% over the past year. Looking forward, earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026Rp1369.7tRp96.1tRp12.5t40.6x110x14.3x
Sun, 04 Jan 2026Rp1640.3tRp95.7tRp12.4t43.4x132.3x17.1x
Tue, 02 Dec 2025Rp1642.2tRp95.1tRp12.3t43.1x133.2x17.3x
Thu, 30 Oct 2025Rp1486.1tRp94.3tRp12.1t48x122.8x15.8x
Sat, 27 Sep 2025Rp1485.9tRp94.9tRp12.2t46.6x121.3x15.7x
Mon, 25 Aug 2025Rp1446.5tRp91.1tRp10.8t42.7x133.8x15.9x
Wed, 23 Jul 2025Rp1335.4tRp90.8tRp10.9t27.4x122.7x14.7x
Fri, 20 Jun 2025Rp937.9tRp89.6tRp10.4t25.9x89.8x10.5x
Sun, 18 May 2025Rp1005.4tRp89.9tRp10.5t23.3x95.9x11.2x
Tue, 15 Apr 2025Rp847.4tRp91.3tRp11.9t19x71.5x9.3x
Thu, 13 Mar 2025Rp910.1tRp89.2tRp11.6t12.1x78.2x10.2x
Sat, 08 Feb 2025Rp1032.2tRp88.3tRp11.5t12.9x89.9x11.7x
Mon, 06 Jan 2025Rp1387.9tRp87.8tRp11.4t14.6x121.8x15.8x
Wed, 04 Dec 2024Rp1004.6tRp86.3tRp11.2t15.3x89.8x11.6x
Fri, 01 Nov 2024Rp991.7tRp83.9tRp10.4t17.6x95.7x11.8x
Sun, 29 Sep 2024Rp1059.4tRp80.9tRp10.0t18.6x105.7x13.1x
Tue, 27 Aug 2024Rp1370.6tRp81.9tRp10.1t19.1x135.2x16.7x
Thu, 25 Jul 2024Rp1279.4tRp86.0tRp10.7t19.9x119.9x14.9x
Sat, 22 Jun 2024Rp1224.0tRp87.3tRp10.8t17.7x113x14x
Mon, 20 May 2024Rp1545.1tRp84.6tRp10.5t20.4x147x18.3x
Wed, 17 Apr 2024Rp1026.4tRp85.7tRp10.4t18.7x98.9x12x
Fri, 15 Mar 2024Rp885.5tRp73.1tRp8.6t15.7x102.5x12.1x
Sun, 11 Feb 2024Rp816.7tRp73.0tRp7.7t16.4x106.4x11.2x
Tue, 09 Jan 2024Rp998.9tRp72.5tRp7.6t16.3x131x13.8x
Thu, 07 Dec 2023Rp1052.6tRp72.0tRp7.6t11.7x138.8x14.6x
Sat, 04 Nov 2023Rp646.1tRp73.0tRp7.7t12.9x84.1x8.9x
Mon, 02 Oct 2023Rp110.4tRp71.8tRp7.6t19.4x14.6x1.5x
Wed, 30 Aug 2023Rp100.9tRp71.5tRp8.4t18.5x12x1.4x
Fri, 28 Jul 2023Rp82.3tRp70.4tRp8.1t14.7x10.2x1.2x
Sun, 25 Jun 2023Rp83.7tRp70.5tRp8.1t14.6x10.4x1.2x
Tue, 23 May 2023Rp82.8tRp69.5tRp7.8t14.8x10.7x1.2x
Thu, 20 Apr 2023Rp79.7tRp68.0tRp8.1t13.2x9.9x1.2x
Sat, 18 Mar 2023Rp79.7tRp67.9tRp8.4t13.3x9.5x1.2x
Mon, 13 Feb 2023Rp53.3tRp61.1tRp6.5t9.9x8.2x0.9x
Price to Earnings Ratio

8.2x


Total Market Cap: Rp53.3tTotal Earnings: Rp6.5tTotal Revenue: Rp61.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 89.3x202420252026
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 110x which is higher than its 3-year average PE of 89.2x.
  • The 3-year average PS ratio of 10.8x is lower than the industry's current PS ratio of 14.3x.
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 Market-2.55%
Utilities-2.54%
Gas Utilities3.74%
Electric Utilities0%0
Renewable Energy-1.98%
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 16.0%, 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
PGEO Pertamina Geothermal EnergyRp1.14k10.7%
+Rp4.6t		26.0%PE21.6x
PGAS Perusahaan Gas NegaraRp2.20k5.8%
+Rp2.9t		40.6%PE10.1x
KEEN Kencana Energi LestariRp1.03k1.0%
+Rp36.7b		58.5%PE66.7x
MPOW Megapower MakmurRp107.001.9%
+Rp1.6b		-9.3%PS2.8x

Latest News

HGII
Rp147.00
Hero Global Investment
7D
-3.3%
1Y
-21.0%
BREN
Rp8,250.00
Barito Renewables Energy
7D
-4.9%
1Y
-6.0%
CDIA
Rp1,115.00
Chandra Daya Investasi
7D
-9.7%
1Y
n/a
CGAS
Rp173.00
Citra Nusantara Gemilang
7D
-1.7%
1Y
84.0%
PGEO
Rp1,140.00
Pertamina Geothermal Energy
7D
10.7%
1Y
26.0%
ARKO
Rp7,200.00
PT. Arkora Hydro
7D
-24.2%
1Y
657.9%
KEEN
Rp1,030.00
Kencana Energi Lestari
7D
1.0%
1Y
58.5%
MPOW
Rp107.00
Megapower Makmur
7D
1.9%
1Y
-9.3%
POWR
Rp695.00
Cikarang Listrindo
7D
-0.7%
1Y
4.5%
PGAS
Rp2,200.00
Perusahaan Gas Negara
7D
5.8%
1Y
40.6%
LAPD
Rp91.00
Leyand International
7D
-25.4%
1Y
264.0%