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Indonesian (IDX) Utilities Sector Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies11
  • 7D-1.3%
  • 3M-16.2%
  • 1Y24.5%
  • YTD-15.4%

The Utilities is pretty flat in the last 7 days, but Kencana Energi Lestari has stood out, gaining 4.7%. The past year has been better, since the industry has gained 20% in that time. 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
Thu, 19 Feb 2026Rp1387.0tRp96.5tRp12.5t42.6x110.8x14.4x
Sat, 17 Jan 2026Rp1639.9tRp96.6tRp12.5t46.5x131x17x
Mon, 15 Dec 2025Rp1635.2tRp95.2tRp12.3t43.4x132.5x17.2x
Wed, 12 Nov 2025Rp1693.5tRp95.6tRp12.4t45.4x136.7x17.7x
Fri, 10 Oct 2025Rp1682.4tRp93.9tRp12.1t47.5x138.9x17.9x
Sun, 07 Sep 2025Rp1455.3tRp92.9tRp11.1t41.8x130.7x15.7x
Tue, 05 Aug 2025Rp1311.8tRp91.3tRp10.8t30.6x120.9x14.4x
Thu, 03 Jul 2025Rp891.5tRp88.7tRp10.3t24.8x86.3x10.1x
Sat, 31 May 2025Rp988.0tRp89.1tRp10.4t25.5x95.1x11.1x
Mon, 28 Apr 2025Rp902.7tRp91.6tRp11.9t22.7x75.8x9.9x
Wed, 26 Mar 2025Rp771.0tRp90.1tRp11.9t16.8x65x8.6x
Fri, 21 Feb 2025Rp993.5tRp88.6tRp11.5t13.4x86.2x11.2x
Sun, 19 Jan 2025Rp1409.7tRp88.8tRp11.5t13.5x122.1x15.9x
Tue, 17 Dec 2024Rp1220.7tRp86.8tRp11.3t14.8x108.4x14.1x
Thu, 14 Nov 2024Rp1084.7tRp85.5tRp11.1t17.3x97.7x12.7x
Sat, 12 Oct 2024Rp975.0tRp83.3tRp10.3t18.5x94.4x11.7x
Mon, 09 Sep 2024Rp1545.2tRp82.1tRp10.2t18.3x151.7x18.8x
Wed, 07 Aug 2024Rp1160.3tRp85.8tRp10.6t19.1x109.2x13.5x
Fri, 05 Jul 2024Rp1496.2tRp86.6tRp10.7t18.6x139.3x17.3x
Sun, 02 Jun 2024Rp1204.0tRp86.2tRp10.7t18.4x112.5x14x
Tue, 30 Apr 2024Rp1251.3tRp85.9tRp10.4t18.9x120.2x14.6x
Thu, 28 Mar 2024Rp828.4tRp84.0tRp10.5t15.9x78.9x9.9x
Sat, 24 Feb 2024Rp841.7tRp72.8tRp7.7t16.7x110x11.6x
Mon, 22 Jan 2024Rp780.9tRp72.9tRp7.7t16.3x101.9x10.7x
Wed, 20 Dec 2023Rp1073.1tRp72.1tRp7.6t11.1x141.2x14.9x
Fri, 17 Nov 2023Rp861.9tRp72.4tRp7.6t12.5x113x11.9x
Sun, 15 Oct 2023Rp421.0tRp72.7tRp7.7t18.1x54.8x5.8x
Tue, 12 Sep 2023Rp98.7tRp71.2tRp7.5t17.1x13.1x1.4x
Thu, 10 Aug 2023Rp86.8tRp71.2tRp8.4t14x10.4x1.2x
Sat, 08 Jul 2023Rp83.4tRp71.0tRp8.1t14.5x10.3x1.2x
Mon, 05 Jun 2023Rp86.7tRp69.8tRp7.8t15.4x11.1x1.2x
Wed, 03 May 2023Rp80.7tRp68.5tRp7.5t13.7x10.8x1.2x
Fri, 31 Mar 2023Rp77.3tRp66.4tRp8.2t12.7x9.4x1.2x
Sun, 26 Feb 2023Rp87.5tRp67.2tRp8.5t14x10.3x1.3x
Price to Earnings Ratio

10.3x


Total Market Cap: Rp87.5tTotal Earnings: Rp8.5tTotal Revenue: Rp67.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 90.5x202420252026
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 90.5x.
  • The 3-year average PS ratio of 11.0x is lower than the industry's current PS ratio of 14.1x.
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 Market-0.078%
Utilities-1.26%
Electric Utilities0%0
Renewable Energy-1.02%
Gas Utilities-3.11%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 161x.
    • 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 HydroRp9.00k20.4%
+Rp4.5t		862.6%PE538.7x
CDIA Chandra Daya InvestasiRp1.18k0.9%
+Rp1.2t		n/aPE100x
POWR Cikarang ListrindoRp705.000.7%
+Rp79.1b		5.2%PE11x
KEEN Kencana Energi LestariRp1.08k1.4%
+Rp55.0b		66.2%PE69.8x
CGAS Citra Nusantara GemilangRp175.002.3%
+Rp7.1b		86.2%PE32.5x

Latest News

HGII
Rp150.00
Hero Global Investment
7D
-2.0%
1Y
-25.7%
CDIA
Rp1,180.00
Chandra Daya Investasi
7D
0.9%
1Y
n/a
BREN
Rp8,100.00
Barito Renewables Energy
7D
-1.2%
1Y
20.9%
CGAS
Rp175.00
Citra Nusantara Gemilang
7D
2.3%
1Y
86.2%
PGEO
Rp1,155.00
Pertamina Geothermal Energy
7D
-4.1%
1Y
23.5%
ARKO
Rp9,000.00
PT. Arkora Hydro
7D
20.4%
1Y
862.6%
KEEN
Rp1,080.00
Kencana Energi Lestari
7D
1.4%
1Y
66.2%
POWR
Rp705.00
Cikarang Listrindo
7D
0.7%
1Y
5.2%
PGAS
Rp2,180.00
Perusahaan Gas Negara
7D
-1.8%
1Y
29.4%
LAPD
Rp123.00
Leyand International
7D
-16.9%
1Y
373.1%