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Indonesian (IDX) Renewable Energy Industry Analysis

UpdatedJun 14, 2026
DataAggregated Company Financials
Companies8
  • 7D13.0%
  • 3M-33.0%
  • 1Y-34.1%
  • YTD-55.6%

The Renewable Energy industry is up 13% in the last week, with Barito Renewables Energy up 14%. However, the industry is down 34% over the past year. 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
Sun, 14 Jun 2026Rp612.9tRp30.1tRp6.7t38.5x91.4x20.3x
Tue, 12 May 2026Rp590.9tRp29.3tRp6.5t41.4x90.7x20.1x
Thu, 09 Apr 2026Rp752.3tRp28.3tRp6.0t39x125.1x26.6x
Sat, 07 Mar 2026Rp1109.6tRp28.1tRp6.0t51.3x186.2x39.4x
Mon, 02 Feb 2026Rp1228.6tRp27.8tRp5.7t55.3x215.3x44.1x
Wed, 31 Dec 2025Rp1378.6tRp27.8tRp5.7t54.2x241.9x49.6x
Fri, 28 Nov 2025Rp1355.1tRp27.6tRp5.7t64.2x239.4x49.1x
Sun, 26 Oct 2025Rp1303.6tRp27.2tRp5.8t47.2x222.8x47.9x
Tue, 23 Sep 2025Rp1271.1tRp27.2tRp5.8t45.5x217.6x46.8x
Thu, 21 Aug 2025Rp1228.9tRp26.7tRp5.7t40.9x215.5x46.1x
Sat, 19 Jul 2025Rp1118.9tRp26.5tRp5.8t28.5x192.9x42.1x
Mon, 16 Jun 2025Rp930.2tRp26.5tRp5.8t27.6x160.4x35.1x
Wed, 14 May 2025Rp860.2tRp26.9tRp5.9t25.8x146.1x32x
Fri, 11 Apr 2025Rp718.9tRp27.3tRp6.2t25.7x116.4x26.3x
Sun, 09 Mar 2025Rp918.0tRp26.5tRp5.9t26.4x154.7x34.7x
Tue, 04 Feb 2025Rp1179.1tRp26.7tRp5.9t28.1x198.4x44.1x
Thu, 02 Jan 2025Rp1295.8tRp26.1tRp5.8t14.7x223.5x49.6x
Sat, 30 Nov 2024Rp943.9tRp25.7tRp5.7t15.8x165.5x36.7x
Mon, 28 Oct 2024Rp1037.1tRp25.3tRp5.3t18.2x195x41x
Wed, 25 Sep 2024Rp1031.8tRp24.5tRp5.2t19.1x198.2x42.1x
Fri, 23 Aug 2024Rp1319.9tRp25.2tRp5.3t18.9x246.7x52.4x
Sun, 21 Jul 2024Rp1237.2tRp26.1tRp5.6t20.1x222x47.3x
Tue, 18 Jun 2024Rp1108.7tRp26.6tRp5.7t16.3x195.9x41.8x
Thu, 16 May 2024Rp1309.8tRp25.9tRp5.5t19.8x237.6x50.6x
Sat, 13 Apr 2024Rp992.5tRp25.7tRp5.7t19x172.9x38.7x
Mon, 11 Mar 2024Rp886.1tRp15.9tRp4.3t15.6x206.5x55.8x
Wed, 07 Feb 2024Rp816.5tRp16.2tRp4.3t16.6x187.7x50.5x
Fri, 05 Jan 2024Rp1076.3tRp15.9tRp4.3t16.4x251.6x67.7x
Sun, 03 Dec 2023Rp969.3tRp15.9tRp4.2t15.3x228.2x61.1x
Tue, 31 Oct 2023Rp615.8tRp16.2tRp4.1t24.7x151.5x38x
Thu, 28 Sep 2023Rp79.2tRp15.9tRp4.0t25.7x19.9x5x
Sat, 26 Aug 2023Rp61.1tRp15.7tRp3.9t19.3x15.5x3.9x
Mon, 24 Jul 2023Rp48.6tRp15.4tRp3.7t14.8x13.3x3.2x
Wed, 21 Jun 2023Rp50.5tRp15.4tRp3.7t16.3x13.8x3.3x
Price to Earnings Ratio

13.8x


Total Market Cap: Rp50.5tTotal Earnings: Rp3.7tTotal Revenue: Rp15.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Renewable Energy Industry Price to Earnings3Y Average 173.1x202420252026
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 91.4x 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 20.3x.
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 Market7.32%
Utilities11.67%
Renewable Energy12.99%
Renewable Energy13.28%
Independent Power Producers and Energy Traders-0.64%
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 35.9%, 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 EnergyRp4.08k13.6%
+Rp65.6t		-36.0%PE216.1x
ARKO Arkora HydroRp5.38k23.8%
+Rp3.0t		539.9%PE262x
PGEO Pertamina Geothermal EnergyRp865.004.8%
+Rp1.7t		-39.7%PE13.4x
KEEN Kencana Energi LestariRp845.007.0%
+Rp201.6b		5.6%PE23.5x
HGII Hero Global InvestmentRp132.0012.8%
+Rp97.5b		-21.9%PE53.6x

Latest News

HGII
Rp132.00
Hero Global Investment
7D
12.8%
1Y
-21.9%
KEEN
Rp845.00
Kencana Energi Lestari
7D
7.0%
1Y
5.6%
PGEO
Rp865.00
Pertamina Geothermal Energy
7D
4.8%
1Y
-39.7%
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
Rp97.00
Megapower Makmur
7D
-10.2%
1Y
-25.4%
BREN
Rp4,080.00
Barito Renewables Energy
7D
13.6%
1Y
-36.0%
POWR
Rp685.00
Cikarang Listrindo
7D
-0.7%
1Y
-0.7%
LAPD
Rp61.00
Leyand International
7D
7.0%
1Y
125.9%
ARKO
Rp5,375.00
Arkora Hydro
7D
23.8%
1Y
539.9%