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Indonesian (IDX) Renewable Energy Industry Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies8
  • 7D-3.8%
  • 3M3.3%
  • 1Y0.2%
  • YTD-2.4%

Over the last 7 days, the Renewable Energy industry has dropped 3.8%, driven by Barito Renewables Energy declining 4.1%. Meanwhile, PT. Arkora Hydro actually outperformed within the industry, gaining 10.0% in the last week. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Jan 2026Rp1346.4tRp27.9tRp5.7t59.8x235.2x48.2x
Mon, 22 Dec 2025Rp1330.4tRp27.7tRp5.7t54.7x234x48x
Wed, 19 Nov 2025Rp1360.8tRp27.8tRp5.7t59.2x238.9x49x
Fri, 17 Oct 2025Rp1387.3tRp27.2tRp5.8t48.8x237.4x51.1x
Sun, 14 Sep 2025Rp1235.4tRp26.9tRp5.7t40.8x215x46x
Tue, 12 Aug 2025Rp1254.3tRp26.7tRp5.7t40.2x219.7x47.1x
Thu, 10 Jul 2025Rp878.1tRp26.5tRp5.8t27.1x151.8x33.2x
Sat, 07 Jun 2025Rp922.7tRp26.5tRp5.8t28.6x159.1x34.8x
Mon, 05 May 2025Rp872.5tRp26.8tRp5.9t30.3x148.8x32.6x
Wed, 02 Apr 2025Rp786.1tRp27.0tRp6.1t26.5x129.1x29.1x
Fri, 28 Feb 2025Rp884.2tRp26.7tRp6.0t27.4x147.8x33.1x
Sun, 26 Jan 2025Rp1343.3tRp26.3tRp5.8t31.5x229.7x51.1x
Tue, 24 Dec 2024Rp1310.2tRp26.2tRp5.8t15x225x50x
Thu, 21 Nov 2024Rp962.6tRp25.7tRp5.7t16.6x168.5x37.4x
Sat, 19 Oct 2024Rp1025.9tRp25.0tRp5.3t18.4x193.1x41x
Mon, 16 Sep 2024Rp1638.3tRp24.9tRp5.3t18.1x310.3x65.9x
Wed, 14 Aug 2024Rp1194.6tRp25.5tRp5.4t19.2x220.1x46.8x
Fri, 12 Jul 2024Rp1330.2tRp26.1tRp5.6t20.1x239.2x51x
Sun, 09 Jun 2024Rp873.2tRp26.2tRp5.6t18.4x156.7x33.4x
Tue, 07 May 2024Rp1387.8tRp25.9tRp5.6t21.1x249.8x53.5x
Thu, 04 Apr 2024Rp823.9tRp25.8tRp5.8t16.2x142.2x31.9x
Sat, 02 Mar 2024Rp897.7tRp16.1tRp4.3t16.7x207.2x55.7x
Mon, 29 Jan 2024Rp766.5tRp16.2tRp4.4t16.1x175.7x47.3x
Wed, 27 Dec 2023Rp1068.6tRp15.9tRp4.3t16.2x250.5x67.3x
Fri, 24 Nov 2023Rp971.6tRp16.0tRp4.3t15.7x227.2x60.8x
Sun, 22 Oct 2023Rp611.8tRp16.2tRp4.1t23.7x150.3x37.6x
Tue, 19 Sep 2023Rp75.8tRp15.7tRp3.9t25.7x19.2x4.8x
Thu, 17 Aug 2023Rp57.5tRp15.7tRp3.9t17.6x14.6x3.7x
Sat, 15 Jul 2023Rp48.2tRp15.3tRp3.6t15.3x13.3x3.1x
Mon, 12 Jun 2023Rp50.5tRp15.3tRp3.6t16.7x13.9x3.3x
Wed, 10 May 2023Rp47.7tRp14.8tRp3.3t17x14.3x3.2x
Fri, 07 Apr 2023Rp41.2tRp14.8tRp3.3t13.8x12.6x2.8x
Sun, 05 Mar 2023Rp50.5tRp15.1tRp3.4t18.2x15.1x3.3x
Tue, 31 Jan 2023Rp14.3tRp8.9tRp1.5t20.3x9.6x1.6x
Price to Earnings Ratio

9.6x


Total Market Cap: Rp14.3tTotal Earnings: Rp1.5tTotal Revenue: Rp8.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Renewable Energy Industry Price to Earnings3Y Average 156.3x202420252026
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 235x which is higher than its 3-year average PE of 156x.
  • The industry's 3-year average PS ratio of 35.3x is exceeded by the industry's current PS ratio of 48.2x.
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-1.39%
Utilities-3.75%
Renewable Energy-3.84%
Independent Power Producers and Energy Traders0.62%
Renewable Energy-3.88%
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 16.5%, 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
ARKO PT. Arkora HydroRp11.83k10.0%
+Rp3.1t		1,070.8%PE707.8x
KEEN Kencana Energi LestariRp1.15k12.7%
+Rp476.6b		81.1%PE74.7x
POWR Cikarang ListrindoRp715.000.7%
+Rp79.1b		7.5%PE11.2x

Latest News

ARKO
Rp11,825.00
PT. Arkora Hydro
7D
10.0%
1Y
1,070.8%
KEEN
Rp1,150.00
Kencana Energi Lestari
7D
12.7%
1Y
81.1%
MPOW
Rp124.00
Megapower Makmur
7D
-1.6%
1Y
22.8%
BREN
Rp9,300.00
Barito Renewables Energy
7D
-4.1%
1Y
-3.1%
HGII
Rp159.00
Hero Global Investment
7D
-3.6%
1Y
-25.7%
POWR
Rp715.00
Cikarang Listrindo
7D
0.7%
1Y
7.5%
PGEO
Rp1,205.00
Pertamina Geothermal Energy
7D
-7.3%
1Y
20.5%
LAPD
Rp149.00
Leyand International
7D
-0.7%
1Y
645.0%