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Indonesian (IDX) Renewable Energy Industry Analysis

UpdatedJul 09, 2026
DataAggregated Company Financials
Companies8
  • 7D-2.6%
  • 3M-40.5%
  • 1Y-42.8%
  • YTD-63.6%

Over the last 7 days, the Renewable Energy industry has dropped 2.6%, driven by Arkora Hydro declining 7.8%. Meanwhile, Pertamina Geothermal Energy actually outperformed within the industry, gaining 8.6% in the last week. However, the industry is down 43% 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
Thu, 09 Jul 2026Rp502.6tRp30.4tRp6.8t36.1x74.3x16.6x
Sat, 06 Jun 2026Rp542.4tRp30.3tRp6.8t34.7x80.3x17.9x
Mon, 04 May 2026Rp682.2tRp29.4tRp6.5t40.3x105.1x23.2x
Wed, 01 Apr 2026Rp778.1tRp28.3tRp5.9t54.2x131.1x27.5x
Fri, 27 Feb 2026Rp1138.1tRp27.8tRp5.7t55.9x199.7x41x
Sun, 25 Jan 2026Rp1346.4tRp27.9tRp5.7t59.8x235.4x48.3x
Tue, 23 Dec 2025Rp1346.3tRp27.8tRp5.7t53.9x236x48.4x
Thu, 20 Nov 2025Rp1367.9tRp27.7tRp5.7t58.3x240.6x49.3x
Sat, 18 Oct 2025Rp1317.7tRp27.2tRp5.8t47x225.4x48.5x
Mon, 15 Sep 2025Rp1235.4tRp26.9tRp5.7t40.8x215x46x
Wed, 13 Aug 2025Rp1301.9tRp26.7tRp5.7t40.1x227.7x48.7x
Fri, 11 Jul 2025Rp895.1tRp26.4tRp5.8t27.1x154.9x33.8x
Sun, 08 Jun 2025Rp922.7tRp26.5tRp5.8t28.6x159x34.8x
Tue, 06 May 2025Rp879.2tRp26.8tRp5.9t30.4x149.8x32.8x
Thu, 03 Apr 2025Rp786.1tRp27.0tRp6.1t26.5x129.1x29.1x
Sat, 01 Mar 2025Rp872.3tRp26.9tRp6.0t26x144.5x32.4x
Mon, 27 Jan 2025Rp1343.3tRp26.3tRp5.8t31.5x229.7x51.1x
Wed, 25 Dec 2024Rp1276.5tRp26.2tRp5.8t14.9x219x48.6x
Fri, 22 Nov 2024Rp935.0tRp25.8tRp5.7t16.2x163.1x36.2x
Sun, 20 Oct 2024Rp1024.9tRp25.0tRp5.3t18.4x193.2x41x
Tue, 17 Sep 2024Rp1638.3tRp24.9tRp5.3t18.1x310.3x65.9x
Thu, 15 Aug 2024Rp1245.5tRp25.3tRp5.4t19.8x231.7x49.2x
Sat, 13 Jul 2024Rp1330.2tRp26.1tRp5.6t20.1x239.6x51.1x
Mon, 10 Jun 2024Rp873.2tRp26.2tRp5.6t18.4x156.7x33.4x
Wed, 08 May 2024Rp1315.9tRp26.0tRp5.6t20.5x236.2x50.6x
Fri, 05 Apr 2024Rp852.0tRp25.7tRp5.7t19x148.3x33.2x
Sun, 03 Mar 2024Rp897.7tRp16.0tRp4.3t15.8x206.9x56x
Tue, 30 Jan 2024Rp742.8tRp16.2tRp4.4t16x170.3x45.8x
Thu, 28 Dec 2023Rp1089.2tRp15.8tRp4.2t16.4x256.3x68.8x
Sat, 25 Nov 2023Rp921.5tRp16.0tRp4.3t15.3x215.4x57.7x
Mon, 23 Oct 2023Rp611.8tRp16.2tRp4.1t23.7x150.3x37.6x
Wed, 20 Sep 2023Rp82.0tRp15.7tRp3.9t25.7x20.8x5.2x
Fri, 18 Aug 2023Rp57.4tRp15.7tRp3.9t17.6x14.6x3.7x
Sun, 16 Jul 2023Rp48.9tRp15.3tRp3.6t15.3x13.4x3.2x
Price to Earnings Ratio

13.4x


Total Market Cap: Rp48.9tTotal Earnings: Rp3.6tTotal Revenue: Rp15.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Renewable Energy Industry Price to Earnings3Y Average 174.7x202420252026
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 74.3x which is lower than its 3-year average PE of 175x.
  • The 3-year average PS ratio of 39.1x is higher than the industry's current PS ratio of 16.6x.
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 26% 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 Market2.59%
Utilities-1.69%
Renewable Energy-2.58%
Independent Power Producers and Energy Traders1.10%
Renewable Energy-2.66%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 224x.
    • Analysts are expecting annual earnings growth of 35.6%, 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 9.6x.
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 EnergyRp3.28k0.9%
+Rp4.0t		-46.2%PE172.1x
PGEO Pertamina Geothermal EnergyRp950.008.6%
+Rp3.1t		-35.8%PE14.6x
LAPD Leyand InternationalRp65.0014.0%
+Rp31.7b		150.0%PS1.5x
KEEN Kencana Energi LestariRp830.000.6%
+Rp18.3b		1.2%PE22.9x
MPOW Megapower MakmurRp91.003.4%
+Rp2.5b		-23.5%PS2.5x

Latest News

BREN
Rp3,280.00
Barito Renewables Energy
7D
0.9%
1Y
-46.2%
KEEN
Rp830.00
Kencana Energi Lestari
7D
0.6%
1Y
1.2%
PGEO
Rp950.00
Pertamina Geothermal Energy
7D
8.6%
1Y
-35.8%
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
Rp91.00
Megapower Makmur
7D
3.4%
1Y
-23.5%
LAPD
Rp65.00
Leyand International
7D
14.0%
1Y
150.0%
ARKO
Rp4,500.00
Arkora Hydro
7D
-8.2%
1Y
455.6%