Indonesian (IDX) Renewable Energy Industry Analysis

UpdatedSep 12, 2026

DataAggregated Company Financials

Companies8

7D-2.9%
3M-16.8%
1Y-58.7%
YTD-63.0%

Over the last 7 days, the Renewable Energy industry has dropped 2.9%, driven by Barito Renewables Energy declining 3.6%. On the other hand Cikarang Listrindo is actually up 11%. The industry has fallen 59% in the last year. Looking forward, earnings are forecast to grow by 36% annually.

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 13 Sep 2026	Rp510.3t	Rp30.4t	Rp6.7t	42.9x	76.1x	16.8x
Tue, 11 Aug 2026	Rp527.6t	Rp30.7t	Rp6.8t	40.9x	77.9x	17.2x
Thu, 09 Jul 2026	Rp502.6t	Rp30.4t	Rp6.8t	36.1x	74.3x	16.6x
Sat, 06 Jun 2026	Rp542.4t	Rp30.3t	Rp6.8t	34.7x	80.3x	17.9x
Mon, 04 May 2026	Rp682.2t	Rp29.4t	Rp6.5t	40.3x	105.1x	23.2x
Wed, 01 Apr 2026	Rp778.1t	Rp28.3t	Rp5.9t	54.2x	131.1x	27.5x
Fri, 27 Feb 2026	Rp1138.1t	Rp27.8t	Rp5.7t	55.9x	199.7x	41x
Sun, 25 Jan 2026	Rp1346.4t	Rp27.9t	Rp5.7t	59.8x	235.4x	48.3x
Tue, 23 Dec 2025	Rp1346.3t	Rp27.8t	Rp5.7t	53.9x	236x	48.4x
Thu, 20 Nov 2025	Rp1367.9t	Rp27.7t	Rp5.7t	58.3x	240.6x	49.3x
Sat, 18 Oct 2025	Rp1317.7t	Rp27.2t	Rp5.8t	47x	225.4x	48.5x
Mon, 15 Sep 2025	Rp1235.4t	Rp26.9t	Rp5.7t	40.8x	215x	46x
Wed, 13 Aug 2025	Rp1301.9t	Rp26.7t	Rp5.7t	40.1x	227.7x	48.7x
Fri, 11 Jul 2025	Rp895.1t	Rp26.4t	Rp5.8t	27.1x	154.9x	33.8x
Sun, 08 Jun 2025	Rp922.7t	Rp26.5t	Rp5.8t	28.6x	159x	34.8x
Tue, 06 May 2025	Rp879.2t	Rp26.8t	Rp5.9t	30.4x	149.8x	32.8x
Thu, 03 Apr 2025	Rp786.1t	Rp27.0t	Rp6.1t	26.5x	129.1x	29.1x
Sat, 01 Mar 2025	Rp872.3t	Rp26.9t	Rp6.0t	26x	144.5x	32.4x
Mon, 27 Jan 2025	Rp1343.3t	Rp26.3t	Rp5.8t	31.5x	229.7x	51.1x
Wed, 25 Dec 2024	Rp1276.5t	Rp26.2t	Rp5.8t	14.9x	219x	48.6x
Fri, 22 Nov 2024	Rp935.0t	Rp25.8t	Rp5.7t	16.2x	163.1x	36.2x
Sun, 20 Oct 2024	Rp1024.9t	Rp25.0t	Rp5.3t	18.4x	193.2x	41x
Tue, 17 Sep 2024	Rp1638.3t	Rp24.9t	Rp5.3t	18.1x	310.3x	65.9x
Thu, 15 Aug 2024	Rp1245.5t	Rp25.3t	Rp5.4t	19.8x	231.7x	49.2x
Sat, 13 Jul 2024	Rp1330.2t	Rp26.1t	Rp5.6t	20.1x	239.6x	51.1x
Mon, 10 Jun 2024	Rp873.2t	Rp26.2t	Rp5.6t	18.4x	156.7x	33.4x
Wed, 08 May 2024	Rp1315.9t	Rp26.0t	Rp5.6t	20.5x	236.2x	50.6x
Fri, 05 Apr 2024	Rp852.0t	Rp25.7t	Rp5.7t	19x	148.3x	33.2x
Sun, 03 Mar 2024	Rp897.7t	Rp16.0t	Rp4.3t	15.8x	206.9x	56x
Tue, 30 Jan 2024	Rp742.8t	Rp16.2t	Rp4.4t	16x	170.3x	45.8x
Thu, 28 Dec 2023	Rp1089.2t	Rp15.8t	Rp4.2t	16.4x	256.3x	68.8x
Sat, 25 Nov 2023	Rp921.5t	Rp16.0t	Rp4.3t	15.3x	215.4x	57.7x
Mon, 23 Oct 2023	Rp611.8t	Rp16.2t	Rp4.1t	23.7x	150.3x	37.6x
Wed, 20 Sep 2023	Rp82.0t	Rp15.7t	Rp3.9t	25.7x	20.8x	5.2x

Price to Earnings Ratio

20.8x

Wed, 20 Sep 2023

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 76.1x which is lower than its 3-year average PE of 178x.

The 3-year average PS ratio of 40.0x is higher than the industry's current PS ratio of 16.8x.

Past Earnings Growth

The earnings for companies in the Renewable Energy industry have grown 19% 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	-1.31%
Utilities	-3.03%
Renewable Energy	-2.92%
Independent Power Producers and Energy Traders	10.22%
Renewable Energy	-3.30%

Industry PE

Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 229x.

Analysts are expecting annual earnings growth of 36.5%, which is higher than its past year's earnings growth of 18.7% per year.

Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.7x.

Forecasted Growth

Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 37% over the next 5 years.
This is better than its past earnings growth rate of 19% per year.

In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 11% per year over the next few years.