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Indonesian (IDX) Utilities Sector Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies11
  • 7D-6.2%
  • 3M-37.6%
  • 1Y1.4%
  • YTD-39.3%

Over the last 7 days, the Utilities industry has dropped 9.9%, driven by Barito Renewables Energy declining 12%. Meanwhile, Arkora Hydro actually outperformed within the industry, gaining 10% in the last week. Over the past 12 months, the industry was up 7.7%. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Mar 2026Rp996.0tRp98.8tRp11.2t53.7x88.6x10.1x
Mon, 16 Feb 2026Rp1355.0tRp96.3tRp12.5t42x108.6x14.1x
Wed, 14 Jan 2026Rp1572.0tRp96.4tRp12.5t45.4x125.8x16.3x
Fri, 12 Dec 2025Rp1618.5tRp95.3tRp12.4t42.6x130.9x17x
Sun, 09 Nov 2025Rp1691.2tRp95.5tRp12.4t45.1x136.6x17.7x
Tue, 07 Oct 2025Rp1680.8tRp94.4tRp12.2t46.4x138x17.8x
Thu, 04 Sep 2025Rp1453.2tRp93.1tRp11.2t42.1x130.2x15.6x
Sat, 02 Aug 2025Rp1358.5tRp92.1tRp10.9t31.8x124.2x14.8x
Mon, 30 Jun 2025Rp882.7tRp88.7tRp10.3t24.7x85.5x10x
Wed, 28 May 2025Rp998.7tRp89.0tRp10.4t25.5x96.3x11.2x
Fri, 25 Apr 2025Rp901.6tRp91.8tRp11.9t23.2x75.6x9.8x
Sun, 23 Mar 2025Rp885.9tRp89.5tRp11.8t16.5x75.2x9.9x
Tue, 18 Feb 2025Rp1035.1tRp88.0tRp11.4t13.3x90.5x11.8x
Thu, 16 Jan 2025Rp1310.1tRp88.5tRp11.5t13.6x113.8x14.8x
Sat, 14 Dec 2024Rp1235.5tRp86.7tRp11.3t15.1x109.8x14.2x
Mon, 11 Nov 2024Rp1016.7tRp85.0tRp11.0t16.7x92.2x12x
Wed, 09 Oct 2024Rp996.4tRp83.7tRp10.4t17.8x96x11.9x
Fri, 06 Sep 2024Rp1539.2tRp82.4tRp10.2t18.4x150.7x18.7x
Sun, 04 Aug 2024Rp1257.3tRp85.8tRp10.6t19.3x118.3x14.7x
Tue, 02 Jul 2024Rp1498.8tRp86.7tRp10.8t18.9x139.3x17.3x
Thu, 30 May 2024Rp1613.6tRp85.8tRp10.7t19.8x151.4x18.8x
Sat, 27 Apr 2024Rp1206.8tRp85.9tRp10.4t18.8x115.9x14.1x
Mon, 25 Mar 2024Rp815.0tRp83.5tRp10.4t19.2x78x9.8x
Wed, 21 Feb 2024Rp831.1tRp73.1tRp7.7t16.5x108.1x11.4x
Fri, 19 Jan 2024Rp854.1tRp72.9tRp7.7t16.3x111.4x11.7x
Sun, 17 Dec 2023Rp1086.1tRp72.3tRp7.6t10.8x142.5x15x
Tue, 14 Nov 2023Rp803.6tRp73.0tRp7.7t11.4x104.7x11x
Thu, 12 Oct 2023Rp274.7tRp72.8tRp7.7t19.2x35.7x3.8x
Sat, 09 Sep 2023Rp100.2tRp71.2tRp7.5t18.1x13.3x1.4x
Mon, 07 Aug 2023Rp85.6tRp71.1tRp8.3t13.9x10.2x1.2x
Wed, 05 Jul 2023Rp83.0tRp70.3tRp8.1t14.4x10.3x1.2x
Fri, 02 Jun 2023Rp87.1tRp69.7tRp7.8t15.4x11.2x1.3x
Sun, 30 Apr 2023Rp80.7tRp67.0tRp7.9t13.7x10.2x1.2x
Tue, 28 Mar 2023Rp78.3tRp66.8tRp8.3t12.9x9.5x1.2x
Price to Earnings Ratio

9.5x


Total Market Cap: Rp78.3tTotal Earnings: Rp8.3tTotal Revenue: Rp66.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 93x202420252026
Current Industry PE
  • Investors are pessimistic on the Indonesian Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 88.6x which is lower than its 3-year average PE of 92.9x.
  • The 3-year average PS ratio of 11.3x is higher than the industry's current PS ratio of 10.1x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 14% 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-1.01%
Utilities-6.20%
Gas Utilities2.82%
Electric Utilities0%0
Renewable Energy-7.14%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 166x.
    • Analysts are expecting annual earnings growth of 12.3%, which is higher than its past year's earnings decline of 9.3% 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 8.0x.
Forecasted Growth
  • Analysts are most optimistic on the Gas Utilities industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 33% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 12% 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 Arkora HydroRp6.40k13.3%
+Rp2.2t		623.2%PE293.3x
PGAS Perusahaan Gas NegaraRp2.00k2.8%
+Rp1.3t		29.5%PE13.2x
LAPD Leyand InternationalRp92.007.0%
+Rp23.8b		338.1%PS1.4x

Latest News

HGII
Rp141.00
Hero Global Investment
7D
-1.4%
1Y
-18.0%
MPOW
Rp90.00
Megapower Makmur
7D
-2.2%
1Y
-7.2%
PGAS
Rp1,995.00
Perusahaan Gas Negara
7D
2.8%
1Y
29.5%
PGEO
Rp945.00
Pertamina Geothermal Energy
7D
-1.0%
1Y
20.4%
ARKO
Rp6,400.00
Arkora Hydro
7D
13.3%
1Y
623.2%
POWR
Rp720.00
Cikarang Listrindo
7D
-0.7%
1Y
10.8%
CDIA
Rp780.00
Chandra Daya Investasi
7D
-1.9%
1Y
n/a
BREN
Rp5,800.00
Barito Renewables Energy
7D
-7.9%
1Y
-2.9%
KEEN
Rp840.00
Kencana Energi Lestari
7D
-4.5%
1Y
42.4%
LAPD
Rp92.00
Leyand International
7D
7.0%
1Y
338.1%