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Indonesian (IDX) Renewable Energy Industry Analysis

UpdatedJun 16, 2026
DataAggregated Company Financials
Companies8
  • 7D18.3%
  • 3M-25.1%
  • 1Y-31.5%
  • YTD-53.8%

In the last week, the Renewable Energy industry is up 18%, with all of the companies up. However, the industry is down 31% over the past year. As for the next few years, earnings are expected to grow by 35% per annum.

Industry Valuation and Performance

Has the Indonesian Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Jun 2026Rp636.6tRp29.8tRp6.6t39.3x96x21.4x
Fri, 15 May 2026Rp512.1tRp29.5tRp6.6t40.6x78.2x17.4x
Sun, 12 Apr 2026Rp859.9tRp28.5tRp6.0t38.5x142.3x30.2x
Tue, 10 Mar 2026Rp1059.1tRp28.2tRp6.0t48.3x177.5x37.6x
Thu, 05 Feb 2026Rp1181.3tRp27.8tRp5.7t54.5x206.9x42.4x
Sat, 03 Jan 2026Rp1379.1tRp27.7tRp5.7t55.2x242.7x49.8x
Mon, 01 Dec 2025Rp1361.2tRp27.6tRp5.7t62.1x240.4x49.3x
Wed, 29 Oct 2025Rp1266.4tRp27.4tRp5.8t45.9x218x46.2x
Fri, 26 Sep 2025Rp1265.9tRp27.4tRp5.9t45.2x214.5x46.1x
Sun, 24 Aug 2025Rp1219.2tRp26.8tRp5.7t40.9x212.9x45.5x
Tue, 22 Jul 2025Rp1144.0tRp26.6tRp5.8t28.4x196.9x43x
Thu, 19 Jun 2025Rp925.3tRp26.6tRp5.8t28x159.4x34.8x
Sat, 17 May 2025Rp892.7tRp26.8tRp5.9t26.1x152.4x33.3x
Mon, 14 Apr 2025Rp739.1tRp27.3tRp6.2t25.3x119.9x27.1x
Wed, 12 Mar 2025Rp873.4tRp26.7tRp6.0t25.2x146.2x32.8x
Fri, 07 Feb 2025Rp1228.8tRp26.5tRp5.9t27.6x208.2x46.3x
Sun, 05 Jan 2025Rp1349.0tRp26.2tRp5.8t14.6x231.5x51.4x
Tue, 03 Dec 2024Rp956.0tRp25.8tRp5.7t15.4x167.1x37.1x
Thu, 31 Oct 2024Rp955.0tRp25.3tRp5.3t17.6x178.8x37.7x
Sat, 28 Sep 2024Rp1041.0tRp24.4tRp5.2t18.6x200.7x42.6x
Mon, 26 Aug 2024Rp1329.4tRp25.0tRp5.3t18.8x250.3x53.2x
Wed, 24 Jul 2024Rp1240.2tRp26.2tRp5.6t20x222.2x47.3x
Fri, 21 Jun 2024Rp1159.9tRp26.6tRp5.7t16x204.3x43.5x
Sun, 19 May 2024Rp1507.9tRp25.8tRp5.5t20.4x274x58.4x
Tue, 16 Apr 2024Rp992.5tRp25.7tRp5.7t19x172.9x38.7x
Thu, 14 Mar 2024Rp890.2tRp15.9tRp4.3t15.8x207.6x56.1x
Sat, 10 Feb 2024Rp788.0tRp16.0tRp4.3t16.4x182.7x49.1x
Mon, 08 Jan 2024Rp1036.0tRp15.9tRp4.3t16.5x242.1x65.2x
Wed, 06 Dec 2023Rp972.1tRp15.9tRp4.3t14.9x228.3x61.1x
Fri, 03 Nov 2023Rp648.1tRp16.2tRp4.1t24.5x158.1x40x
Sun, 01 Oct 2023Rp77.1tRp15.9tRp4.0t25.7x19.4x4.9x
Tue, 29 Aug 2023Rp65.8tRp15.7tRp3.9t21.2x16.8x4.2x
Thu, 27 Jul 2023Rp48.4tRp15.4tRp3.7t15.2x13.2x3.1x
Sat, 24 Jun 2023Rp51.8tRp15.4tRp3.7t17x14.2x3.4x
Price to Earnings Ratio

14.2x


Total Market Cap: Rp51.8tTotal Earnings: Rp3.7tTotal Revenue: Rp15.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Renewable Energy Industry Price to Earnings3Y Average 173.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Indonesian Renewable Energy 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 96.0x which is lower than its 3-year average PE of 173x.
  • The 3-year average PS ratio of 38.8x is higher than the industry's current PS ratio of 21.4x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 25% 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 industry?

ID Market15.88%
Utilities18.49%
Renewable Energy18.33%
Renewable Energy18.66%
Independent Power Producers and Energy Traders2.58%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 223x.
    • Analysts are expecting annual earnings growth of 36.0%, which is higher than its past year's earnings growth of 6.9% per year.
  • Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading close to its 3-year average of 9.7x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings growth rate of 6.9% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 9.1% 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
BREN Barito Renewables EnergyRp4.25k3.9%
+Rp21.4t		-33.6%PE227.7x
ARKO Arkora HydroRp5.50k19.8%
+Rp2.7t		562.7%PE268.1x
PGEO Pertamina Geothermal EnergyRp875.004.2%
+Rp1.5t		-45.7%PE13.8x
KEEN Kencana Energi LestariRp875.0015.9%
+Rp440.0b		8.7%PE24.7x
POWR Cikarang ListrindoRp690.000.7%
+Rp79.3b		0%PE8.5x

Latest News

HGII
Rp133.00
Hero Global Investment
7D
3.9%
1Y
-21.8%
KEEN
Rp875.00
Kencana Energi Lestari
7D
15.9%
1Y
8.7%
PGEO
Rp875.00
Pertamina Geothermal Energy
7D
4.2%
1Y
-45.7%
New Narrative • May 23

Pertamina Geothermal Energy will transform with a 17.98% jump in revenue

Regional & Macro: Push for Renewable Energy Transition At the regional level (Southeast Asia), the green energy sector (renewable energy) is currently receiving a massive wave of positive sentiment. Regional Net Zero Emission (NZE) Target: The governments of Indonesia and ASEAN countries are accelerating decarbonization projects.
MPOW
Rp100.00
Megapower Makmur
7D
7.5%
1Y
-24.2%
BREN
Rp4,250.00
Barito Renewables Energy
7D
3.9%
1Y
-33.6%
POWR
Rp690.00
Cikarang Listrindo
7D
0.7%
1Y
0%
LAPD
Rp64.00
Leyand International
7D
6.7%
1Y
137.0%
ARKO
Rp5,500.00
Arkora Hydro
7D
19.8%
1Y
562.7%