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Indonesian (IDX) Utilities Sector Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies11
  • 7D0.9%
  • 3M-17.7%
  • 1Y20.2%
  • YTD-16.6%

Over the last 7 days, the Utilities industry has remained flat, although notably PT. Arkora Hydro gained 35%. As for the the longer term, the industry is up 20% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026Rp1367.4tRp96.6tRp12.5t42.3x109.2x14.2x
Tue, 20 Jan 2026Rp1631.5tRp97.1tRp12.6t47.4x129.6x16.8x
Thu, 18 Dec 2025Rp1655.2tRp95.5tRp12.4t43.7x133.7x17.3x
Sat, 15 Nov 2025Rp1644.0tRp95.7tRp12.4t44.8x132.6x17.2x
Mon, 13 Oct 2025Rp1702.2tRp94.2tRp12.1t48.7x140.1x18.1x
Wed, 10 Sep 2025Rp1397.0tRp92.9tRp11.1t41x125.4x15x
Fri, 08 Aug 2025Rp1291.4tRp90.9tRp10.8t43.3x119.7x14.2x
Sun, 06 Jul 2025Rp877.3tRp88.5tRp10.3t25.5x85.1x9.9x
Tue, 03 Jun 2025Rp956.0tRp89.0tRp10.4t25.1x92.2x10.7x
Thu, 01 May 2025Rp903.3tRp90.4tRp11.5t24x78.7x10x
Sat, 29 Mar 2025Rp823.9tRp89.9tRp11.8t18.6x70x9.2x
Mon, 24 Feb 2025Rp1018.8tRp88.5tRp11.5t13.2x88.6x11.5x
Wed, 22 Jan 2025Rp1412.9tRp88.7tRp11.5t13.4x122.5x15.9x
Fri, 20 Dec 2024Rp1274.1tRp88.3tRp11.5t15x111.2x14.4x
Sun, 17 Nov 2024Rp1018.7tRp86.0tRp11.2t16.5x91.3x11.8x
Tue, 15 Oct 2024Rp973.0tRp83.3tRp10.3t18.5x94.2x11.7x
Thu, 12 Sep 2024Rp1638.7tRp82.4tRp10.2t18.2x160.3x19.9x
Sat, 10 Aug 2024Rp1192.6tRp84.5tRp10.5t19.2x114x14.1x
Mon, 08 Jul 2024Rp1484.4tRp86.3tRp10.7t19.1x138.6x17.2x
Wed, 05 Jun 2024Rp1168.6tRp86.5tRp10.7t18.8x108.8x13.5x
Fri, 03 May 2024Rp1423.3tRp85.6tRp10.9t18.9x130.4x16.6x
Sun, 31 Mar 2024Rp818.2tRp83.8tRp10.4t14.7x78.5x9.8x
Tue, 27 Feb 2024Rp831.7tRp73.0tRp7.7t16.6x108.4x11.4x
Thu, 25 Jan 2024Rp815.2tRp73.3tRp7.7t16.3x105.7x11.1x
Sat, 23 Dec 2023Rp1096.6tRp71.7tRp7.6t10.9x145.1x15.3x
Mon, 20 Nov 2023Rp940.6tRp71.6tRp7.5t12.2x124.8x13.1x
Wed, 18 Oct 2023Rp421.0tRp72.7tRp7.7t17.9x54.8x5.8x
Fri, 15 Sep 2023Rp102.1tRp71.2tRp7.5t17.6x13.6x1.4x
Sun, 13 Aug 2023Rp90.4tRp71.8tRp8.4t14.3x10.7x1.3x
Tue, 11 Jul 2023Rp82.3tRp71.3tRp8.2t14.1x10.1x1.2x
Thu, 08 Jun 2023Rp87.1tRp69.7tRp8.0t15x10.9x1.2x
Sat, 06 May 2023Rp80.9tRp68.5tRp7.6t15.4x10.6x1.2x
Mon, 03 Apr 2023Rp76.6tRp66.1tRp8.2t12.5x9.3x1.2x
Wed, 01 Mar 2023Rp85.5tRp67.1tRp8.5t13.2x10x1.3x
Price to Earnings Ratio

10x


Total Market Cap: Rp85.5tTotal Earnings: Rp8.5tTotal Revenue: Rp67.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 90.8x202420252026
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 109x which is higher than its 3-year average PE of 90.7x.
  • The 3-year average PS ratio of 11.0x is lower than the industry's current PS ratio of 14.2x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market0.43%
Utilities0.91%
Gas Utilities2.81%
Renewable Energy1.10%
Electric Utilities0%0
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 162x.
    • Analysts are expecting annual earnings growth of 12.8%, 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
ARKO PT. Arkora HydroRp10.40k34.6%
+Rp7.8t		1,006.4%PE622.5x
BREN Barito Renewables EnergyRp8.05k0.6%
+Rp6.7t		16.7%PE447.3x
PGAS Perusahaan Gas NegaraRp2.19k2.8%
+Rp1.5t		31.9%PE10x
POWR Cikarang ListrindoRp705.000.7%
+Rp79.1b		6.0%PE11x
HGII Hero Global InvestmentRp150.000.7%
+Rp6.5b		-24.6%PE42.3x

Latest News

HGII
Rp150.00
Hero Global Investment
7D
0.7%
1Y
-24.6%
CDIA
Rp1,140.00
Chandra Daya Investasi
7D
-1.3%
1Y
n/a
BREN
Rp8,050.00
Barito Renewables Energy
7D
0.6%
1Y
16.7%
CGAS
Rp171.00
Citra Nusantara Gemilang
7D
1.2%
1Y
81.9%
PGEO
Rp1,140.00
Pertamina Geothermal Energy
7D
-3.4%
1Y
24.6%
ARKO
Rp10,400.00
PT. Arkora Hydro
7D
34.6%
1Y
1,006.4%
KEEN
Rp1,075.00
Kencana Energi Lestari
7D
-2.3%
1Y
65.4%
MPOW
Rp108.00
Megapower Makmur
7D
1.9%
1Y
0.9%
POWR
Rp705.00
Cikarang Listrindo
7D
0.7%
1Y
6.0%
PGAS
Rp2,190.00
Perusahaan Gas Negara
7D
2.8%
1Y
31.9%
LAPD
Rp117.00
Leyand International
7D
-9.3%
1Y
317.9%