Utilities Sector Report | Indonesia Sector Reports | Sectors | Indonesian Financial Data Platform
Utilities
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Indonesia Sector Highlight: Utilities
The Utilities sector provides essential services like electricity, water, and natural gas to households, businesses, and industries. It ensures energy availability, water management, and sustainable infrastructure development and is regulated by the Ministry of Energy and Mineral Resources (ESDM). At this moment, this sub-sector seems to be experiencing a bullish trend, with a total market cap growth of around 68.39% over the past 365 days. It appears that 8 companies in this sub-sector might have seen a positive market cap change, while around 1 companies could have experienced a negative market cap change. Notable companies in this subsector, based on market capitalization, include PT Barito Renewables Energy Tbk, PT Chandra Daya Investasi Tbk, PT Pertamina Geothermal Energy Tbk, PT Cikarang Listrindo Tbk, and PT Arkora Hydro Tbk.
Top Companies
Revenue and Profit are the respective sums of the trailing twelve months (TTM) data, or 4 most recent quarters, while Growth is the year-on-year revenue growth rate.
Companies in this sector have a range of -343x to 589x
Market Cap. Change
+18.62%
Change in market cap., year-to-date
Utilities Sector Performance
IDR 1,536.98T
Sector Market Cap. (IDR, trillion)
Last 4 Quarters
Prev 4 Quarters
+89.8% change in Utilities
The Utilities sector is outpacing (+26.3%) its growth in the previous comparable period (-33.0%) with the current quarter showing an improvement (+89.8%) over the previous quarter
Sector Composition
Extremely Concentrated Sector
The top 5 companies in this sector make up 99.6% of the total market cap of this sector.
Sector Valuation
Historical valuation of companies in Utilities
More than 5% deviation of median from the last 3 years
Within 5% deviation of median of last 3 years
TTM: Trailing Twelve Months (TTM)
Metric
2021
2022
2023
2024
Current (TTM)
Price/Equity
12.43
9.48
11.84
11.99
26.10
Higher than average of last 3 yearsRanked 31 of all sectors
Price/Book
0.69
0.87
0.98
1.20
1.45
Higher than average of last 3 years
Price/Sales
3.13
5.52
3.83
3.64
8.50
Higher than average of last 3 yearsRanked 32 of all sectors
Price/Cash Flow
4.64
4.65
2.76
4.52
9.39
Higher than average of last 3 yearsRanked 24 of all sectors
Executive Summary
Sector Performance
1W
-0.2%
1Y
+58.2%
YTD
+18.6%
Trailing 12 Months
Overall +58.2%
Positive
Neutral (Within <2.5%)
Negative
Sector Percentile
91%
35
55
75
100
0
100
This sector has a return that beats 91% of all sectors on the Indonesia Stock Exchange over the past 12 months.
Sector Dividend Yield
0.83%
Dividend-paying companies in this sector pay out a dividend yield of 0.83% on average over the past 12 months. This beats the average dividend yield of all companies on IDX, which is around 2.83%.
Sector Stabillity
77%
35
55
75
100
0
100
This sector is comparably stable, with a RSD (Relative Standard Deviation) of 20%. Companies on IDX have an average RSD of 16%. This gives the sector a score of 77%.
RSD (Relative Standard Deviation)77%
The relative standard deviation, caluclated from the S.D of the sector's returns.
Max Drawdown-56.13%
The maximum loss from a peak to a trough during a specific period (TTM).
This past month
The Utilities sector enjoyed a positive month in the month ending 2025-09-30, with the sector seeing a change of market cap of +11.1%.
On a month to date basis, Indonesian companies in the Utilities sector are down by -6.1% as of 2025-10-24.
Among the gainers, the top performer was Leyand International Tbk which gained 4.63% in the last month.
Last 12 Months
Companies in the Utilities sector have seen a +58.19% change in market cap over the last 12 months. This signifies a sector that is growing rapidly, with investors anticipating a sustained period of growth.
Most of the last 12 months in the Utilities sector has been negative with July (+53.0%), December (+37.2%) and August (+11.6%) being the best performing months.
At the same time, it should also be noted that the sector has seen a back-to-back consecutive loss of 3 months starting from the most recent January. Successive losses can indicate a potential downward trend in the sector, and while it might be temporary headwinds that the sector is facing, it is important to monitor the sector closely.
Its worst performing month was February with a -31.00% change in market cap.
Sector Valuation
Has the Utilities sector valuation in Indonesia changed over the past 12 months?
Price to Earnings Ratio
The Utilities sector is trading at a median PE ratio of 26.10x, which is lower than its 3-year historical average PE of 556.25x. This puts the sector in the undervalued category based on its historical valuation.
Companies in the Utilities have an extremely wide range of PE ratio, going between -343x to 589x.This makes it necessary to consider the outliers in the sector, and adjust for the respective market caps of each company to prevent any skewing of the data.
To add some perspective across the value disparity, among the top gainers in the last month,PT Barito Renewables Energy Tbk. commands a premium with a PE ratio of 589.26 while Leyand International Tbk is trading at a PE ratio of only -68.01.
When weighted by market cap, the Utilities sector is trading at a PE ratio of 556.25x as compared to the unweighted PE ratio of 26.10x. The unweighted sector median is a significant premium (2.5x) to the overall IDX median of 10.29x.
The Utilities sector is trading at a PE ratio (26.10) that represents a significant premium to its historical average (11.43).
Fransiskus Ruly Aryawan, an insider bought 600,000 shares of Pt Chandra Daya Investasi Tbk, increasing its holdings from 5,000,000 to 5,600,000. The transaction occurred in the infrastructures sector, specifically utilities. The purpose of the transaction is Investasi.
Green Era Energy Pte. Ltd, an institution sold 88,070,000 shares of Pt Barito Renewables Energy Tbk., decreasing its holdings from 30,761,383,100 to 30,673,313,100. The transaction occurred in the infrastructures sector, specifically utilities. The purpose of the transaction is Menambah free float dan likuiditas saham.
On October 06, 2025, Green Era Energy Pte. Ltd., an institution shareholder, sold 481,220,000 shares of PT Barito Renewables Energy Tbk, changing its holding from 31,242,603,100 to 30,761,383,100 shares.
On October 02, 2025, Green Era Energy Pte. Ltd., an institution shareholder, sold 86,590,000 shares of PT Barito Renewables Energy Tbk, changing its holding from 29,329,193,100 to 29,242,603,100 shares.
On September 23, 2025, Leo Andyanto, an insider shareholder, sold 221,328,700 shares of Leyand International Tbk, changing its holding from 284,738,000 to 63,409,300 shares.
The Utilities sub-sector is typically considered defensive due to its stable demand regardless of economic conditions. Historically, the P/E values for Utilities have been moderate, reflecting steady earnings. The current lower P/E value compared to last year may be influenced by factors such as regulatory changes, increased competition, or shifts in consumer behavior. ...
26.10
Price to Earnings
Sector is overvalued on IDX
Utilitiessector hassome of the most expensive stockscompared to other sectors
Utilities Sector P/E26.10
The Price-to-Earnings (P/E) ratio is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS).
Utilities Weighted Sector P/E556.25
The weighted average P/E ratio is a measure of the average P/E ratio of the companies in the sector, weighted by market capitalization.
Indonesia Stocks Avg. P/E10.29
Resilience & Health Index
In the Utilities sub-sector, which consists of 10 companies, 3 of them ranked third in terms of price changes in the previous 30 days, outperforming the IDX average. This could be due to the stable demand for essential services provided by utilities companies. Additionally, with 10.0% of the companies in the sector listing this month, barriers to entry such as high capital ...
6.2
Sector Health Score
Sector is in line with other sectors
Utilitiesas a sector isin linewith other sectors on IDX in its ability to weather economic downturns and other externalities
Utilities Sector Max Drawdown-0.56
The maximum drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown (MDD) is an indicator of downside risk over a specified time period.
Indonesia Stocks Avg. Max Drawdown-0.38
Utilities RSD (Close)0.20
The RSD (Close) is a measure of the volatility of a stock's daily price change. It is calculated as the standard deviation of each day's logarithmic returns summed over the past 90 days.
Indonesia Stocks Avg. RSD (Close)0.25
Sector Growth Index
In the past year, the Utilities sub-sector in Indonesia has shown strong growth with a 17.96% increase in average annual earnings and a 4.35% rise in average annual revenue. Despite ranking 14th in earnings and 20th in revenue compared ...
6.8
Sector Growth Score
Sector has steady and predictable growth
Utilitieshas a steady and predictable growth that islargely in linewith analysts' expectations for the sector
Trailing 3Y Utilities Sector Growth+5.87%
This uses geometric mean to compute a measure of the sector's revenue growth over the last 3 years.
Utilities 1Y Market Cap Growth+58.19%
The change in market capitalization relative to the same period a year ago.
Utilities Performance Percentile91st
Recent growth beats 91% of all sectors in Indonesia.
Utilities '26 Revenue Growth Forecast+13.56%
The estimated change in revenue for the Utilities sector in 2026.
Utilities '26 Earnings Growth Forecast+4.06%
The estimated change in earnings for the Utilities sector in 2026.
