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Indonesian (IDX) Utilities Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies11
  • 7D0.7%
  • 3M-16.2%
  • 1Y37.0%
  • YTD-16.1%

The Utilities is pretty flat in the last 7 days, but Perusahaan Gas Negara has stood out, gaining 6.7%. As for the the longer term, the industry is up 37% 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
Wed, 04 Mar 2026Rp1376.6tRp96.0tRp12.4t41.4x110.7x14.3x
Fri, 30 Jan 2026Rp1452.7tRp95.9tRp12.4t42.8x116.8x15.1x
Sun, 28 Dec 2025Rp1574.7tRp95.9tRp12.4t42.3x126.7x16.4x
Tue, 25 Nov 2025Rp1705.0tRp95.4tRp12.4t46.2x137.9x17.9x
Thu, 23 Oct 2025Rp1545.9tRp94.3tRp12.2t54.1x127.1x16.4x
Sat, 20 Sep 2025Rp1499.2tRp94.4tRp12.2t42.7x123.2x15.9x
Mon, 18 Aug 2025Rp1487.3tRp90.2tRp10.7t41.6x139.1x16.5x
Wed, 16 Jul 2025Rp1222.9tRp90.6tRp10.9t27.7x112.7x13.5x
Fri, 13 Jun 2025Rp983.6tRp88.6tRp10.3t26.6x95.2x11.1x
Sun, 11 May 2025Rp899.2tRp90.3tRp10.5t22.9x85.5x10x
Tue, 08 Apr 2025Rp823.9tRp90.1tRp11.7t20.2x70.4x9.1x
Thu, 06 Mar 2025Rp905.8tRp88.5tRp11.5t12.3x78.4x10.2x
Sat, 01 Feb 2025Rp1303.2tRp88.5tRp11.5t13.5x113.4x14.7x
Mon, 30 Dec 2024Rp1325.1tRp88.0tRp11.4t14.8x116x15.1x
Wed, 27 Nov 2024Rp992.5tRp86.4tRp11.2t16.1x88.5x11.5x
Fri, 25 Oct 2024Rp1115.7tRp83.2tRp10.3t18x108.1x13.4x
Sun, 22 Sep 2024Rp1280.0tRp81.0tRp10.0t18.3x127.4x15.8x
Tue, 20 Aug 2024Rp1337.9tRp82.5tRp10.2t19.4x131x16.2x
Thu, 18 Jul 2024Rp1148.6tRp85.4tRp10.6t19.8x108.4x13.4x
Sat, 15 Jun 2024Rp1170.2tRp86.9tRp10.8t16.3x108.5x13.5x
Mon, 13 May 2024Rp1399.1tRp85.1tRp10.6t20.7x132.3x16.4x
Wed, 10 Apr 2024Rp1026.4tRp83.8tRp10.2t19x101.1x12.2x
Fri, 08 Mar 2024Rp897.2tRp73.0tRp7.7t15.7x116.7x12.3x
Sun, 04 Feb 2024Rp760.2tRp73.1tRp7.7t16.4x98.9x10.4x
Tue, 02 Jan 2024Rp1092.2tRp71.5tRp7.5t11.3x144.8x15.3x
Thu, 30 Nov 2023Rp904.8tRp71.8tRp7.6t11.8x119.7x12.6x
Sat, 28 Oct 2023Rp611.6tRp73.7tRp7.8t17.9x78.6x8.3x
Mon, 25 Sep 2023Rp117.0tRp71.3tRp7.5t20.9x15.5x1.6x
Wed, 23 Aug 2023Rp97.4tRp71.9tRp8.4t15.4x11.5x1.4x
Fri, 21 Jul 2023Rp80.4tRp70.3tRp8.0t13.9x10x1.1x
Sun, 18 Jun 2023Rp81.7tRp70.1tRp8.0t14.1x10.2x1.2x
Tue, 16 May 2023Rp82.9tRp69.2tRp7.7t15.7x10.7x1.2x
Thu, 13 Apr 2023Rp76.1tRp65.8tRp8.1t12.4x9.4x1.2x
Sat, 11 Mar 2023Rp87.4tRp68.3tRp8.5t13.6x10.3x1.3x
Price to Earnings Ratio

10.3x


Total Market Cap: Rp87.4tTotal Earnings: Rp8.5tTotal Revenue: Rp68.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Utilities Sector Price to Earnings3Y Average 91.7x202420252026
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 111x which is higher than its 3-year average PE of 91.6x.
  • The 3-year average PS ratio of 11.1x is lower than the industry's current PS ratio of 14.3x.
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 12% 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-0.88%
Utilities0.67%
Gas Utilities9.07%
Renewable Energy1.33%
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 163x.
    • Analysts are expecting annual earnings growth of 14.0%, 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 8.0x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 14% 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
PGAS Perusahaan Gas NegaraRp2.40k6.7%
+Rp3.6t		57.9%PE11x
POWR Cikarang ListrindoRp745.004.9%
+Rp554.0b		13.7%PE9.7x
CGAS Citra Nusantara GemilangRp179.006.5%
+Rp19.5b		115.7%PE33.2x
MPOW Megapower MakmurRp129.0021.7%
+Rp18.8b		40.2%PS3.4x

Latest News

ARKO
Rp7,000.00
PT. Arkora Hydro
7D
-28.8%
1Y
686.5%
POWR
Rp745.00
Cikarang Listrindo
7D
4.9%
1Y
13.7%
HGII
Rp145.00
Hero Global Investment
7D
-2.0%
1Y
-17.1%
CDIA
Rp965.00
Chandra Daya Investasi
7D
-12.3%
1Y
n/a
BREN
Rp7,575.00
Barito Renewables Energy
7D
-4.7%
1Y
24.7%
CGAS
Rp179.00
Citra Nusantara Gemilang
7D
6.5%
1Y
115.7%
PGEO
Rp1,090.00
Pertamina Geothermal Energy
7D
-1.8%
1Y
27.5%
KEEN
Rp1,010.00
Kencana Energi Lestari
7D
-6.0%
1Y
62.9%
MPOW
Rp129.00
Megapower Makmur
7D
21.7%
1Y
40.2%
PGAS
Rp2,400.00
Perusahaan Gas Negara
7D
6.7%
1Y
57.9%
LAPD
Rp101.00
Leyand International
7D
-12.9%
1Y
320.8%