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Indonesian (IDX) Banks Industry Analysis

UpdatedMay 29, 2024
DataAggregated Company Financials
Companies48
  • 7D-1.2%
  • 3M-14.4%
  • 1Y-2.0%
  • YTD-6.9%

Over the last 7 days, the Banks industry has dropped 4.0%, driven by Bank Rakyat Indonesia (Persero) declining 3.2%. On the other hand Bank Pan Indonesia is actually up 7.8%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the Indonesian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 May 2024Rp3197.3tRp574.4tRp229.7t18.3x13.9x5.6x
Fri, 26 Apr 2024Rp3529.9tRp572.0tRp229.9t16.5x15.4x6.2x
Sun, 24 Mar 2024Rp3732.8tRp570.4tRp228.7t17x16.3x6.5x
Tue, 20 Feb 2024Rp3675.4tRp571.1tRp228.7t16.1x16.1x6.4x
Thu, 18 Jan 2024Rp3527.9tRp568.7tRp217.4t16.4x16.2x6.2x
Sat, 16 Dec 2023Rp3336.2tRp568.6tRp217.4t15.2x15.3x5.9x
Mon, 13 Nov 2023Rp3155.8tRp567.5tRp216.9t15x14.6x5.6x
Wed, 11 Oct 2023Rp3236.6tRp555.8tRp211.6t15.3x15.3x5.8x
Fri, 08 Sep 2023Rp3334.2tRp555.6tRp211.4t16.5x15.8x6x
Sun, 06 Aug 2023Rp3310.1tRp552.6tRp209.7t15.7x15.8x6x
Tue, 04 Jul 2023Rp3251.8tRp543.0tRp204.1t16.1x15.9x6x
Thu, 01 Jun 2023Rp3206.0tRp542.8tRp204.0t16.6x15.7x5.9x
Sat, 29 Apr 2023Rp3146.6tRp535.7tRp198.4t18.7x15.9x5.9x
Mon, 27 Mar 2023Rp3083.7tRp517.9tRp190.8t17.1x16.2x6x
Wed, 22 Feb 2023Rp3057.1tRp520.0tRp190.7t17.2x16x5.9x
Fri, 20 Jan 2023Rp2919.2tRp497.8tRp185.0t15.2x15.8x5.9x
Sun, 18 Dec 2022Rp3073.7tRp497.9tRp185.0t17.2x16.6x6.2x
Tue, 15 Nov 2022Rp3091.6tRp491.4tRp177.1t16.5x17.5x6.3x
Thu, 13 Oct 2022Rp2948.8tRp473.0tRp166.2t20.4x17.7x6.2x
Sat, 10 Sep 2022Rp3027.1tRp472.0tRp165.8t21.7x18.3x6.4x
Mon, 08 Aug 2022Rp2941.8tRp470.2tRp164.5t20x17.9x6.3x
Wed, 06 Jul 2022Rp2649.2tRp448.2tRp147.4t18.7x18x5.9x
Fri, 03 Jun 2022Rp2986.3tRp447.9tRp147.4t24.9x20.3x6.7x
Sun, 01 May 2022Rp3178.6tRp446.0tRp146.7t21.1x21.7x7.1x
Tue, 29 Mar 2022Rp3038.1tRp433.4tRp135.1t26.5x22.5x7x
Thu, 24 Feb 2022Rp3053.0tRp430.9tRp132.8t23.5x23x7.1x
Sat, 22 Jan 2022Rp2965.3tRp374.8tRp108.4t32x27.4x7.9x
Mon, 20 Dec 2021Rp2908.1tRp374.8tRp108.3t28.3x26.8x7.8x
Wed, 17 Nov 2021Rp2972.1tRp374.8tRp108.5t30.5x27.4x7.9x
Fri, 15 Oct 2021Rp2805.6tRp352.5tRp96.2t32.9x29.2x8x
Sun, 12 Sep 2021Rp2544.8tRp352.7tRp96.1t27x26.5x7.2x
Tue, 10 Aug 2021Rp2560.1tRp352.7tRp96.1t27.5x26.6x7.3x
Price to Earnings Ratio

29.7x


Total Market Cap: Rp2443.8tTotal Earnings: Rp82.2tTotal Revenue: Rp330.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Banks Industry Price to Earnings3Y Average 19.4x202220232024
Current Industry PE
  • Investors are pessimistic on the Indonesian Banks 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 14.2x which is lower than its 3-year average PE of 19.4x.
  • The 3-year average PS ratio of 6.5x is higher than the industry's current PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 41% per year over the last three years.
  • Revenues for these companies have grown 20% 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 Financials industry?

ID Market1.37%
Financials-1.12%
Banks-1.22%
Regional Banks0.52%
Diversified Banks-1.27%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 29.1x.
    • Analysts expect its future annual earnings growth (26.7%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 19.1x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 11% 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
PNBN Bank Pan IndonesiaRp1.18k7.8%
+Rp2.0t		7.8%PB0.6x
BBHI Allo Bank IndonesiaRp930.003.3%
+Rp651.9b		-10.6%PB2.9x
MEGA Bank MegaRp5.18k1.0%
+Rp587.0b		5.2%PB3x
ARTO Bank JagoRp2.39k1.7%
+Rp554.3b		-1.2%PB3.9x
BMAS Bank Maspion IndonesiaRp525.005.0%
+Rp452.6b		-53.7%PB1.4x
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Latest News

BBYB

Rp268.00

Bank Neo Commerce

7D

15.5%

1Y

-44.4%

BMRI

Rp5,950.00

Bank Mandiri (Persero)

7D

-1.2%

1Y

15.5%

BRIS

Rp2,290.00

Bank Syariah Indonesia

7D

-3.0%

1Y

31.6%

BINA

Rp4,160.00

Bank Ina Perdana

7D

1.7%

1Y

4.5%

MEGA

Rp5,175.00

Bank Mega

7D

1.0%

1Y

5.2%

BTPS

Rp1,135.00

Bank BTPN Syariah

7D

-6.2%

1Y

-42.8%

BSIM

Rp890.00

Bank Sinarmas

7D

2.3%

1Y

0%

PNBN

Rp1,180.00

Bank Pan Indonesia

7D

7.8%

1Y

7.8%

BMAS

Rp525.00

Bank Maspion Indonesia

7D

5.0%

1Y

-53.7%

BTPN

Rp2,370.00

Bank BTPN

7D

-2.5%

1Y

-8.5%

BDMN

Rp2,630.00

Bank Danamon Indonesia

7D

-1.5%

1Y

-5.1%

BBNI

Rp4,710.00

Bank Negara Indonesia (Persero)

7D

-1.3%

1Y

4.4%

ARTO

Rp2,390.00

Bank Jago

7D

1.7%

1Y

-1.2%

BBHI

Rp930.00

Allo Bank Indonesia

7D

3.3%

1Y

-10.6%

BBRI

Rp4,530.00

Bank Rakyat Indonesia (Persero)

7D

-3.2%

1Y

-17.6%

BBCA

Rp9,300.00

Bank Central Asia

7D

-0.8%

1Y

0.5%