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Indonesian (IDX) Renewable Energy Industry Analysis

UpdatedJul 08, 2026
DataAggregated Company Financials
Companies8
  • 7D9.2%
  • 3M-30.3%
  • 1Y-40.5%
  • YTD-62.0%

Over the last 7 days, the Renewable Energy industry has risen 9.2%, driven by gains from Pertamina Geothermal Energy of 8.6%. In the past year, the industry is down 40%. As for the next few years, earnings are expected to grow by 35% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Jul 2026Rp524.7tRp30.1tRp6.7t37.2x78.2x17.4x
Fri, 05 Jun 2026Rp600.9tRp30.3tRp6.7t35.3x89x19.8x
Sun, 03 May 2026Rp682.2tRp29.4tRp6.5t40.3x105.1x23.2x
Tue, 31 Mar 2026Rp809.1tRp28.3tRp5.9t54.1x136.3x28.6x
Thu, 26 Feb 2026Rp1132.9tRp27.9tRp5.7t56x198.3x40.7x
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
Price to Earnings Ratio

13.3x


Total Market Cap: Rp48.2tTotal Earnings: Rp3.6tTotal Revenue: Rp15.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Renewable Energy Industry Price to Earnings3Y Average 174.6x202420252026
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 78.2x which is lower than its 3-year average PE of 175x.
  • The 3-year average PS ratio of 39.1x is higher than the industry's current PS ratio of 17.4x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have grown 23% 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 Market5.76%
Utilities9.25%
Renewable Energy9.21%
Renewable Energy9.42%
Independent Power Producers and Energy Traders0.48%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 224x.
    • Analysts are expecting annual earnings growth of 35.8%, 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
PGEO Pertamina Geothermal EnergyRp940.007.4%
+Rp2.7t		-36.3%PE14.5x
POWR Cikarang ListrindoRp705.000.7%
+Rp79.3b		2.9%PE8.5x
LAPD Leyand InternationalRp67.0019.6%
+Rp43.6b		139.3%PS1.6x
KEEN Kencana Energi LestariRp825.001.2%
+Rp36.7b		0.6%PE22.8x
MPOW Megapower MakmurRp91.003.4%
+Rp2.5b		-23.5%PS2.5x

Latest News

BREN
Rp3,250.00
Barito Renewables Energy
7D
-3.3%
1Y
-45.6%
HGII
Rp122.00
Hero Global Investment
7D
-2.4%
1Y
-23.3%
KEEN
Rp825.00
Kencana Energi Lestari
7D
1.2%
1Y
0.6%
PGEO
Rp940.00
Pertamina Geothermal Energy
7D
7.4%
1Y
-36.3%
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
Rp91.00
Megapower Makmur
7D
3.4%
1Y
-23.5%
POWR
Rp705.00
Cikarang Listrindo
7D
0.7%
1Y
2.9%
LAPD
Rp67.00
Leyand International
7D
19.6%
1Y
139.3%
ARKO
Rp4,490.00
Arkora Hydro
7D
-9.8%
1Y
457.8%