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Indonesian (IDX) Utilities Sector Analysis

UpdatedJan 21, 2026
DataAggregated Company Financials
Companies11
  • 7D2.9%
  • 3M3.1%
  • 1Y0.8%
  • YTD-1.4%

In the last week, the Utilities industry is up 5.9%, with Barito Renewables Energy up 3.3%. Overall in the last year, the industry is flat. 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
Wed, 21 Jan 2026Rp1617.8tRp96.9tRp12.6t50.5x128.8x16.7x
Fri, 19 Dec 2025Rp1610.9tRp95.6tRp12.4t43.7x130x16.8x
Sun, 16 Nov 2025Rp1644.0tRp95.6tRp12.4t44.8x132.7x17.2x
Tue, 14 Oct 2025Rp1693.8tRp94.2tRp12.1t48.9x139.4x18x
Thu, 11 Sep 2025Rp1435.9tRp93.4tRp11.2t41.3x128.3x15.4x
Sat, 09 Aug 2025Rp1291.5tRp90.7tRp10.8t41.6x120x14.2x
Mon, 07 Jul 2025Rp877.3tRp88.5tRp10.3t25.5x85.1x9.9x
Wed, 04 Jun 2025Rp947.0tRp89.1tRp10.4t24.9x91.2x10.6x
Fri, 02 May 2025Rp903.2tRp90.6tRp10.5t24x86.1x10x
Sun, 30 Mar 2025Rp823.9tRp90.2tRp11.7t18.6x70.3x9.1x
Tue, 25 Feb 2025Rp939.8tRp88.4tRp11.5t13.3x81.8x10.6x
Thu, 23 Jan 2025Rp1418.0tRp88.4tRp11.5t14.5x123.4x16x
Sat, 21 Dec 2024Rp1325.1tRp87.8tRp11.4t15.2x116.3x15.1x
Mon, 18 Nov 2024Rp1018.7tRp86.0tRp11.2t16.5x91.3x11.8x
Wed, 16 Oct 2024Rp1000.4tRp83.3tRp10.3t18.8x96.9x12x
Fri, 13 Sep 2024Rp1672.3tRp82.6tRp10.2t18.3x163.3x20.2x
Sun, 11 Aug 2024Rp1222.4tRp84.5tRp10.5t19.2x116.9x14.5x
Tue, 09 Jul 2024Rp1484.4tRp86.2tRp10.7t19.1x138.8x17.2x
Thu, 06 Jun 2024Rp1209.4tRp86.5tRp10.7t18.4x112.6x14x
Sat, 04 May 2024Rp1423.3tRp85.1tRp10.8t19.2x131.3x16.7x
Mon, 01 Apr 2024Rp818.2tRp83.8tRp10.4t14.7x78.5x9.8x
Wed, 28 Feb 2024Rp831.7tRp73.0tRp7.7t16.8x108.3x11.4x
Fri, 26 Jan 2024Rp799.4tRp73.9tRp7.8t16.1x102.9x10.8x
Sun, 24 Dec 2023Rp1095.3tRp71.9tRp7.6t10.9x144.4x15.2x
Tue, 21 Nov 2023Rp1005.9tRp71.7tRp7.6t12.2x133.1x14x
Thu, 19 Oct 2023Rp567.4tRp73.0tRp7.7t19.2x73.6x7.8x
Sat, 16 Sep 2023Rp102.1tRp71.2tRp7.5t17.6x13.6x1.4x
Mon, 14 Aug 2023Rp90.4tRp71.8tRp8.4t14.3x10.7x1.3x
Wed, 12 Jul 2023Rp82.3tRp71.2tRp8.1t14.2x10.1x1.2x
Fri, 09 Jun 2023Rp87.1tRp69.8tRp8.0t14.5x10.9x1.2x
Sun, 07 May 2023Rp80.0tRp68.5tRp7.6t15.4x10.5x1.2x
Tue, 04 Apr 2023Rp74.5tRp66.1tRp8.2t12.2x9.1x1.1x
Thu, 02 Mar 2023Rp86.4tRp67.0tRp8.5t13.5x10.2x1.3x
Sat, 28 Jan 2023Rp52.5tRp60.2tRp6.4t10.6x8.2x0.9x
Price to Earnings Ratio

8.2x


Total Market Cap: Rp52.5tTotal Earnings: Rp6.4tTotal Revenue: Rp60.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 87.7x202420252026
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 129x which is higher than its 3-year average PE of 87.7x.
  • The 3-year average PS ratio of 10.6x is lower than the industry's current PS ratio of 16.7x.
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 Market2.18%
Utilities2.91%
Gas Utilities5.02%
Renewable Energy3.07%
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 156x.
    • Analysts are expecting annual earnings growth of 16.3%, 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 2.6% 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
PGAS Perusahaan Gas NegaraRp2.09k3.0%
+Rp1.5t		31.9%PE9.5x
KEEN Kencana Energi LestariRp1.18k12.9%
+Rp495.0b		81.5%PE76.2x
POWR Cikarang ListrindoRp715.000.7%
+Rp79.1b		7.5%PE11.1x
HGII Hero Global InvestmentRp165.002.5%
+Rp26.0b		-27.0%PE46.5x
CGAS Citra Nusantara GemilangRp200.003.1%
+Rp10.6b		106.2%PE37.1x

Latest News

MPOW
Rp130.00
Megapower Makmur
7D
4.8%
1Y
25.0%
BREN
Rp9,300.00
Barito Renewables Energy
7D
-3.6%
1Y
-5.6%
CGAS
Rp200.00
Citra Nusantara Gemilang
7D
3.1%
1Y
106.2%
HGII
Rp165.00
Hero Global Investment
7D
2.5%
1Y
-27.0%
POWR
Rp715.00
Cikarang Listrindo
7D
0.7%
1Y
7.5%
CDIA
Rp1,505.00
Chandra Daya Investasi
7D
-1.0%
1Y
n/a
KEEN
Rp1,180.00
Kencana Energi Lestari
7D
12.9%
1Y
81.5%
PGEO
Rp1,230.00
Pertamina Geothermal Energy
7D
-2.4%
1Y
16.0%
PGAS
Rp2,090.00
Perusahaan Gas Negara
7D
3.0%
1Y
31.9%
LAPD
Rp154.00
Leyand International
7D
-1.9%
1Y
670.0%