Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indonesian (IDX) Utilities Sector Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies11
  • 7D-1.5%
  • 3M-6.1%
  • 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%. Meanwhile, PT. Arkora Hydro actually outperformed within the industry, gaining 51% in the last week. Overall the industry is down 5.4% in 12 months. 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, 12 Jan 2026Rp1617.1tRp96.2tRp12.5t46.5x129.6x16.8x
Wed, 10 Dec 2025Rp1642.1tRp95.4tRp12.4t44.8x132.8x17.2x
Fri, 07 Nov 2025Rp1648.7tRp95.5tRp12.4t45.1x133.2x17.3x
Sun, 05 Oct 2025Rp1590.6tRp94.3tRp12.2t45.7x130.7x16.9x
Tue, 02 Sep 2025Rp1494.3tRp91.6tRp10.9t41.8x137.5x16.3x
Thu, 31 Jul 2025Rp1403.4tRp91.3tRp10.9t29.9x128.4x15.4x
Sat, 28 Jun 2025Rp882.7tRp88.7tRp10.3t24.7x85.5x10x
Mon, 26 May 2025Rp1007.0tRp88.7tRp10.3t25.8x97.4x11.4x
Wed, 23 Apr 2025Rp842.7tRp91.7tRp11.9t20x70.7x9.2x
Fri, 21 Mar 2025Rp834.5tRp89.4tRp11.7t11.2x71.6x9.3x
Sun, 16 Feb 2025Rp916.7tRp88.2tRp11.5t12.7x79.9x10.4x
Tue, 14 Jan 2025Rp1438.1tRp88.3tRp11.5t13.5x125.2x16.3x
Thu, 12 Dec 2024Rp1219.3tRp86.3tRp11.2t15.3x108.9x14.1x
Sat, 09 Nov 2024Rp1017.2tRp85.0tRp11.0t16.7x92.2x12x
Mon, 07 Oct 2024Rp1030.7tRp82.8tRp10.3t18.4x100.4x12.5x
Wed, 04 Sep 2024Rp1472.4tRp83.0tRp10.3t18.1x143.1x17.7x
Fri, 02 Aug 2024Rp1267.5tRp86.1tRp10.8t19.7x117.8x14.7x
Sun, 30 Jun 2024Rp1450.7tRp86.8tRp10.8t18.4x134.7x16.7x
Tue, 28 May 2024Rp1612.5tRp85.2tRp10.6t19.4x152.3x18.9x
Thu, 25 Apr 2024Rp1076.9tRp85.5tRp10.4t18.8x103.9x12.6x
Sat, 23 Mar 2024Rp815.0tRp74.4tRp8.8t15.3x92.8x11x
Mon, 19 Feb 2024Rp828.5tRp72.9tRp7.7t16.6x108.1x11.4x
Wed, 17 Jan 2024Rp750.6tRp72.8tRp7.7t16.3x98.1x10.3x
Fri, 15 Dec 2023Rp1057.0tRp71.7tRp7.6t10.9x139.7x14.7x
Sun, 12 Nov 2023Rp793.3tRp72.9tRp7.7t11.4x103.4x10.9x
Tue, 10 Oct 2023Rp218.1tRp72.7tRp7.7t19.3x28.4x3x
Thu, 07 Sep 2023Rp104.2tRp70.9tRp7.5t18.2x13.9x1.5x
Sat, 05 Aug 2023Rp86.2tRp71.2tRp8.4t13.8x10.3x1.2x
Mon, 03 Jul 2023Rp83.4tRp70.4tRp8.1t14.8x10.4x1.2x
Wed, 31 May 2023Rp86.7tRp70.0tRp7.8t15.2x11.1x1.2x
Fri, 28 Apr 2023Rp80.6tRp67.2tRp8.0t13.7x10.1x1.2x
Sun, 26 Mar 2023Rp80.2tRp67.0tRp8.3t13.3x9.6x1.2x
Tue, 21 Feb 2023Rp53.1tRp60.9tRp6.5t10.1x8.2x0.9x
Thu, 19 Jan 2023Rp52.3tRp60.4tRp6.4t10.4x8.1x0.9x
Price to Earnings Ratio

8.1x


Total Market Cap: Rp52.3tTotal Earnings: Rp6.4tTotal Revenue: Rp60.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 86.7x202420252026
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 130x which is higher than its 3-year average PE of 86.6x.
  • 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 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 Market1.77%
Utilities-1.52%
Gas Utilities2.40%
Electric Utilities0%0
Renewable Energy-1.07%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 154x.
    • 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%