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Indonesian (IDX) Renewable Energy Industry Analysis

UpdatedJan 22, 2026
DataAggregated Company Financials
Companies8
  • 7D-3.4%
  • 3M4.6%
  • 1Y-2.5%
  • YTD-2.5%

The Renewable Energy industry is up 3.1% in the last week, with Kencana Energi Lestari up 13%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 08 May 2023Rp46.7tRp14.7tRp3.3t16.6x14.1x3.2x
Wed, 05 Apr 2023Rp41.6tRp14.7tRp3.3t14.1x12.7x2.8x
Fri, 03 Mar 2023Rp50.3tRp14.9tRp3.5t18.1x14.3x3.4x
Sun, 29 Jan 2023Rp14.5tRp8.9tRp1.5t21x9.7x1.6x
Price to Earnings Ratio

9.7x


Total Market Cap: Rp14.5tTotal Earnings: Rp1.5tTotal Revenue: Rp8.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Renewable Energy Industry Price to Earnings3Y Average 155.9x202420252026
Current Industry PE
  • Investors are optimistic on the Indonesian Renewable Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 239x which is higher than its 3-year average PE of 156x.
  • The industry's 3-year average PS ratio of 35.2x is exceeded by the industry's current PS ratio of 48.9x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have grown 57% per year over the last three years.
  • Revenues for these companies have grown 46% 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-0.091%
Utilities-2.94%
Renewable Energy-3.41%
Independent Power Producers and Energy Traders0.60%
Renewable Energy-3.45%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 202x.
    • Analysts are expecting annual earnings growth of 16.8%, which is higher than its past year's earnings decline of 20.3% 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 9.5x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 20% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 14% 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
KEEN Kencana Energi LestariRp1.18k12.9%
+Rp495.0b		81.5%PE76.2x
POWR Cikarang ListrindoRp715.000.7%
+Rp79.1b		7.5%PE11.1x
HGII Hero Global InvestmentRp165.002.5%
+Rp26.0b		-27.0%PE46.5x
MPOW Megapower MakmurRp130.004.8%
+Rp4.9b		25.0%PS3.4x

Latest News

MPOW
Rp130.00
Megapower Makmur
7D
4.8%
1Y
25.0%
BREN
Rp9,300.00
Barito Renewables Energy
7D
-3.6%
1Y
-5.6%
HGII
Rp165.00
Hero Global Investment
7D
2.5%
1Y
-27.0%
POWR
Rp715.00
Cikarang Listrindo
7D
0.7%
1Y
7.5%
KEEN
Rp1,180.00
Kencana Energi Lestari
7D
12.9%
1Y
81.5%
PGEO
Rp1,230.00
Pertamina Geothermal Energy
7D
-2.4%
1Y
16.0%
LAPD
Rp154.00
Leyand International
7D
-1.9%
1Y
670.0%