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Indonesian (IDX) Renewable Energy Industry Analysis

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies8
  • 7D46.4%
  • 3M-42.1%
  • 1Y-31.2%
  • YTD-55.0%

Over the last 7 days, the Renewable Energy industry has risen 46%, driven by gains from Barito Renewables Energy of 58%. During this same period, the Pertamina Geothermal Energy underperformed, falling 8.3%. In the past year, the industry is down 31%. Looking forward, earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Jun 2026Rp620.3tRp30.0tRp6.7t38.1x92.9x20.7x
Fri, 01 May 2026Rp682.2tRp28.9tRp6.1t38.5x111.3x23.6x
Sun, 29 Mar 2026Rp815.2tRp28.3tRp5.9t54.8x137.7x28.8x
Tue, 24 Feb 2026Rp1176.0tRp27.9tRp5.7t56.6x205.8x42.2x
Thu, 22 Jan 2026Rp1344.5tRp28.1tRp5.8t61.4x233.5x47.9x
Sat, 20 Dec 2025Rp1330.4tRp27.8tRp5.7t54.7x233.6x47.9x
Mon, 17 Nov 2025Rp1375.9tRp27.7tRp5.7t56.8x242.3x49.7x
Wed, 15 Oct 2025Rp1372.4tRp27.2tRp5.9t47.3x234.4x50.4x
Fri, 12 Sep 2025Rp1221.9tRp27.0tRp5.8t40.8x211.4x45.2x
Sun, 10 Aug 2025Rp1149.8tRp26.6tRp5.7t40.1x201.6x43.2x
Tue, 08 Jul 2025Rp856.0tRp26.4tRp5.8t26.5x148.2x32.4x
Thu, 05 Jun 2025Rp894.9tRp26.5tRp5.8t28.5x154.1x33.7x
Sat, 03 May 2025Rp862.2tRp26.7tRp5.8t30.3x149.4x32.3x
Mon, 31 Mar 2025Rp786.1tRp27.0tRp6.1t30.6x129.3x29.1x
Wed, 26 Feb 2025Rp875.0tRp26.6tRp5.9t28.2x148x32.9x
Fri, 24 Jan 2025Rp1399.0tRp26.5tRp5.9t30.5x237.8x52.9x
Sun, 22 Dec 2024Rp1287.4tRp26.3tRp5.8t15.2x220.8x49x
Tue, 19 Nov 2024Rp951.9tRp25.7tRp5.7t16.4x166.8x37x
Thu, 17 Oct 2024Rp986.5tRp25.1tRp5.3t19x185.3x39.4x
Sat, 14 Sep 2024Rp1635.9tRp24.9tRp5.3t18.1x309.7x65.8x
Mon, 12 Aug 2024Rp1184.1tRp25.7tRp5.5t19.2x216.9x46.1x
Wed, 10 Jul 2024Rp1397.6tRp26.2tRp5.6t19x249.9x53.2x
Fri, 07 Jun 2024Rp1058.1tRp26.3tRp5.6t18.2x189.1x40.3x
Sun, 05 May 2024Rp1387.8tRp26.0tRp5.6t19.1x249.5x53.5x
Tue, 02 Apr 2024Rp785.9tRp25.6tRp6.0t14.2x130.4x30.6x
Thu, 29 Feb 2024Rp864.4tRp16.1tRp4.3t16.8x199.7x53.7x
Sat, 27 Jan 2024Rp766.5tRp16.2tRp4.4t16.1x175.7x47.2x
Mon, 25 Dec 2023Rp1068.6tRp15.9tRp4.3t16.1x250.5x67.2x
Wed, 22 Nov 2023Rp978.1tRp15.9tRp4.3t17.2x229.9x61.5x
Fri, 20 Oct 2023Rp615.8tRp16.2tRp4.1t24.2x151.6x38x
Sun, 17 Sep 2023Rp75.8tRp15.7tRp3.9t25.6x19.2x4.8x
Tue, 15 Aug 2023Rp55.5tRp15.7tRp3.9t16.8x14.1x3.5x
Thu, 13 Jul 2023Rp49.0tRp15.5tRp3.7t15.2x13.4x3.2x
Sat, 10 Jun 2023Rp50.6tRp15.2tRp3.6t16.8x14x3.3x
Price to Earnings Ratio

14x


Total Market Cap: Rp50.6tTotal Earnings: Rp3.6tTotal Revenue: Rp15.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Renewable Energy Industry Price to Earnings3Y Average 172.4x202420252026
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 92.9x which is lower than its 3-year average PE of 172x.
  • The 3-year average PS ratio of 38.6x is higher than the industry's current PS ratio of 20.7x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have grown 23% 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 Market2.63%
Utilities37.09%
Renewable Energy46.40%
Renewable Energy47.72%
Independent Power Producers and Energy Traders-0.78%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 222x.
    • 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 EnergyRp4.16k57.6%
+Rp203.3t		-32.4%PE220.2x

Latest News

PGEO
Rp825.00
Pertamina Geothermal Energy
7D
-8.3%
1Y
-37.0%
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
Rp110.00
Megapower Makmur
7D
-6.0%
1Y
-6.8%
BREN
Rp4,160.00
Barito Renewables Energy
7D
57.6%
1Y
-32.4%
POWR
Rp695.00
Cikarang Listrindo
7D
-1.4%
1Y
1.5%
LAPD
Rp58.00
Leyand International
7D
-17.1%
1Y
45.0%
HGII
Rp121.00
Hero Global Investment
7D
-8.3%
1Y
-30.5%
KEEN
Rp820.00
Kencana Energi Lestari
7D
-4.7%
1Y
-1.2%
ARKO
Rp5,125.00
Arkora Hydro
7D
-13.1%
1Y
521.2%