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Indonesian (IDX) Renewable Energy Industry Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies8
  • 7D-4.1%
  • 3M-38.4%
  • 1Y3.7%
  • YTD-40.9%

Over the last 7 days, the Renewable Energy industry has dropped 3.7%, driven by a pullback from Barito Renewables Energy of 4.7%. Meanwhile, Pertamina Geothermal Energy actually outperformed within the industry, gaining 6.3% in the last week. In the past year, the industry has gained 4.1%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026Rp815.2tRp28.3tRp5.9t54.8x137.6x28.8x
Mon, 23 Feb 2026Rp1171.7tRp28.0tRp5.7t56x204.2x41.9x
Wed, 21 Jan 2026Rp1372.9tRp28.1tRp5.8t66.7x238.5x48.9x
Fri, 19 Dec 2025Rp1342.5tRp27.7tRp5.7t54.7x236.3x48.4x
Sun, 16 Nov 2025Rp1375.9tRp27.7tRp5.7t56.8x242.3x49.7x
Tue, 14 Oct 2025Rp1397.0tRp27.2tRp5.8t48.8x239.1x51.4x
Thu, 11 Sep 2025Rp1221.3tRp27.0tRp5.8t40.4x211.2x45.2x
Sat, 09 Aug 2025Rp1054.9tRp26.6tRp5.7t40.1x185x39.6x
Mon, 07 Jul 2025Rp838.2tRp26.4tRp5.8t26.7x145.4x31.8x
Wed, 04 Jun 2025Rp901.8tRp26.6tRp5.8t28.3x155.2x34x
Fri, 02 May 2025Rp862.2tRp26.9tRp5.8t30.2x148x32x
Sun, 30 Mar 2025Rp786.1tRp27.0tRp6.1t30.6x129.3x29.1x
Tue, 25 Feb 2025Rp899.3tRp26.5tRp5.9t28.9x152.8x34x
Thu, 23 Jan 2025Rp1379.4tRp26.5tRp5.9t33.2x234.3x52.1x
Sat, 21 Dec 2024Rp1287.4tRp26.3tRp5.8t15.2x220.8x49x
Mon, 18 Nov 2024Rp982.5tRp25.7tRp5.7t16.5x172.1x38.2x
Wed, 16 Oct 2024Rp962.7tRp25.1tRp5.3t18.8x180.2x38.3x
Fri, 13 Sep 2024Rp1635.9tRp24.9tRp5.3t18.3x308.8x65.6x
Sun, 11 Aug 2024Rp1184.1tRp25.7tRp5.5t19.2x216.9x46.1x
Tue, 09 Jul 2024Rp1444.7tRp26.3tRp5.6t19.1x258.2x55x
Thu, 06 Jun 2024Rp1169.5tRp26.4tRp5.6t18.4x208.2x44.4x
Sat, 04 May 2024Rp1387.4tRp26.0tRp5.8t19.2x238.9x53.4x
Mon, 01 Apr 2024Rp784.8tRp25.6tRp6.0t14.7x130.7x30.7x
Wed, 28 Feb 2024Rp804.0tRp16.0tRp4.3t16.8x186.3x50.1x
Fri, 26 Jan 2024Rp770.5tRp16.2tRp4.4t16.1x176.5x47.5x
Sun, 24 Dec 2023Rp1068.6tRp15.9tRp4.3t16.1x250.5x67.2x
Tue, 21 Nov 2023Rp978.1tRp15.9tRp4.2t17.3x230.3x61.7x
Thu, 19 Oct 2023Rp533.8tRp16.1tRp4.0t25.7x132.2x33.1x
Sat, 16 Sep 2023Rp67.3tRp15.7tRp3.9t22.3x17.1x4.3x
Mon, 14 Aug 2023Rp56.4tRp15.7tRp3.9t17.2x14.4x3.6x
Wed, 12 Jul 2023Rp49.6tRp15.5tRp3.7t15.2x13.4x3.2x
Fri, 09 Jun 2023Rp52.5tRp15.3tRp3.6t16.7x14.5x3.4x
Sun, 07 May 2023Rp46.7tRp14.7tRp3.3t16.6x14.1x3.2x
Tue, 04 Apr 2023Rp41.6tRp14.8tRp3.3t13.9x12.7x2.8x
Price to Earnings Ratio

12.7x


Total Market Cap: Rp41.6tTotal Earnings: Rp3.3tTotal Revenue: Rp14.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Renewable Energy Industry Price to Earnings3Y Average 166.6x202420252026
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 139x which is lower than its 3-year average PE of 166x.
  • The 3-year average PS ratio of 37.4x is higher than the industry's current PS ratio of 29.1x.
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 24% 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 Market-0.31%
Utilities-3.39%
Renewable Energy-4.10%
Independent Power Producers and Energy Traders-0.37%
Renewable Energy-4.15%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 214x.
    • Analysts are expecting annual earnings growth of 13.3%, which is higher than its past year's earnings decline of 14.2% 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 13% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 8.7% 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
PGEO Pertamina Geothermal EnergyRp1.01k6.3%
+Rp2.5t
24.8%PE18x
KEEN Kencana Energi LestariRp880.004.8%
+Rp146.7b
26.6%PE56.7x
MPOW Megapower MakmurRp94.004.4%
+Rp3.3b
1.1%PS2.5x

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