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Indonesian (IDX) Utilities Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies11
  • 7D-1.4%
  • 3M-6.6%
  • 1Y-5.4%
  • YTD-1.4%

Over the last 7 days, the Utilities industry has dropped 1.4%, driven by a pullback from Barito Renewables Energy of 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. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026Rp1617.1tRp96.2tRp12.5t46.5x129.6x16.8x
Tue, 09 Dec 2025Rp1657.9tRp95.5tRp12.4t44x133.9x17.4x
Thu, 06 Nov 2025Rp1621.4tRp95.6tRp12.4t44.5x130.8x17x
Sat, 04 Oct 2025Rp1537.1tRp94.0tRp12.1t45.9x126.8x16.3x
Mon, 01 Sep 2025Rp1513.8tRp91.8tRp10.9t42.1x139x16.5x
Wed, 30 Jul 2025Rp1422.3tRp91.3tRp10.9t32.1x130.1x15.6x
Fri, 27 Jun 2025Rp881.9tRp88.7tRp10.3t24.7x85.3x9.9x
Sun, 25 May 2025Rp1007.0tRp88.7tRp10.3t25.8x97.4x11.4x
Tue, 22 Apr 2025Rp842.7tRp91.4tRp11.9t20.1x71x9.2x
Thu, 20 Mar 2025Rp793.2tRp89.7tRp11.7t11.1x67.8x8.8x
Sat, 15 Feb 2025Rp916.7tRp88.2tRp11.5t12.7x79.9x10.4x
Mon, 13 Jan 2025Rp1494.6tRp87.8tRp11.4t13.5x130.9x17x
Wed, 11 Dec 2024Rp1225.9tRp86.0tRp11.2t15.5x109.8x14.2x
Fri, 08 Nov 2024Rp900.1tRp85.3tRp11.1t16.6x81.3x10.6x
Sun, 06 Oct 2024Rp1030.7tRp82.8tRp10.3t18.4x100.4x12.5x
Tue, 03 Sep 2024Rp1539.7tRp83.0tRp10.3t18.3x149.6x18.6x
Thu, 01 Aug 2024Rp1267.5tRp86.2tRp10.8t20.1x117.9x14.7x
Sat, 29 Jun 2024Rp1414.2tRp86.7tRp10.8t18.4x131.5x16.3x
Mon, 27 May 2024Rp1612.3tRp84.8tRp10.5t19.9x153x19x
Wed, 24 Apr 2024Rp1119.6tRp85.8tRp10.4t18.9x107.7x13.1x
Fri, 22 Mar 2024Rp815.6tRp73.5tRp8.7t15.6x94x11.1x
Sun, 18 Feb 2024Rp828.5tRp72.9tRp7.7t16.6x108.1x11.4x
Tue, 16 Jan 2024Rp689.3tRp72.6tRp7.6t16.4x90.3x9.5x
Thu, 14 Dec 2023Rp1106.0tRp72.6tRp7.7t10.2x144.5x15.2x
Sat, 11 Nov 2023Rp794.4tRp72.9tRp7.7t11.4x103.6x10.9x
Mon, 09 Oct 2023Rp220.7tRp72.5tRp7.7t19.6x28.8x3x
Wed, 06 Sep 2023Rp103.3tRp70.8tRp7.5t18.2x13.8x1.5x
Fri, 04 Aug 2023Rp86.2tRp71.1tRp8.3t14x10.3x1.2x
Sun, 02 Jul 2023Rp83.4tRp70.4tRp8.1t14.8x10.4x1.2x
Tue, 30 May 2023Rp82.8tRp70.0tRp7.8t15.3x10.6x1.2x
Thu, 27 Apr 2023Rp80.9tRp67.7tRp8.0t13.6x10.1x1.2x
Sat, 25 Mar 2023Rp80.2tRp67.0tRp8.3t13.3x9.6x1.2x
Mon, 20 Feb 2023Rp53.2tRp61.0tRp6.5t9.9x8.2x0.9x
Wed, 18 Jan 2023Rp51.5tRp61.1tRp6.5t10.4x7.9x0.8x
Price to Earnings Ratio

7.9x


Total Market Cap: Rp51.5tTotal Earnings: Rp6.5tTotal Revenue: Rp61.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 86.6x202420252026
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 Market1.79%
Utilities-1.41%
Gas Utilities2.40%
Electric Utilities0%0
Renewable Energy-0.95%
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%