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Indonesian (IDX) Renewable Energy Industry Analysis

UpdatedAug 28, 2026
DataAggregated Company Financials
Companies8
  • 7D-1.3%
  • 3M3.8%
  • 1Y-59.9%
  • YTD-61.4%

Over the last 7 days, the Renewable Energy industry has dropped 1.3%, driven by a pullback from Barito Renewables Energy of 1.4%. Meanwhile, Cikarang Listrindo actually outperformed within the industry, gaining 11% in the last week. Overall the industry is down 60% in 12 months. As for the next few years, earnings are expected to grow by 36% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 28 Aug 2026Rp532.0tRp30.6tRp6.8t40.1x78.7x17.4x
Sun, 26 Jul 2026Rp548.7tRp30.2tRp6.7t36.4x81.6x18.2x
Tue, 23 Jun 2026Rp563.1tRp30.0tRp6.7t37.8x84.4x18.8x
Thu, 21 May 2026Rp449.1tRp29.7tRp6.6t38.9x67.8x15.1x
Sat, 18 Apr 2026Rp969.4tRp28.6tRp6.1t39.2x159.6x33.9x
Mon, 16 Mar 2026Rp915.4tRp28.3tRp6.1t48.6x150.4x32.3x
Wed, 11 Feb 2026Rp1154.2tRp27.8tRp5.7t54.9x202.1x41.5x
Fri, 09 Jan 2026Rp1375.5tRp27.9tRp5.7t57.9x240.7x49.4x
Sun, 07 Dec 2025Rp1369.2tRp27.6tRp5.7t58.6x241.8x49.6x
Tue, 04 Nov 2025Rp1316.5tRp27.7tRp6.1t45.8x217.4x47.6x
Thu, 02 Oct 2025Rp1302.7tRp27.3tRp5.9t46x222.2x47.8x
Sat, 30 Aug 2025Rp1326.7tRp27.0tRp5.8t40.4x229.8x49.2x
Mon, 28 Jul 2025Rp1108.6tRp26.6tRp5.8t28.3x190.7x41.7x
Wed, 25 Jun 2025Rp855.1tRp26.6tRp5.8t26.5x147.3x32.2x
Fri, 23 May 2025Rp945.1tRp26.6tRp5.8t28.6x162.4x35.5x
Sun, 20 Apr 2025Rp801.4tRp27.3tRp6.2t27.1x129.8x29.3x
Tue, 18 Mar 2025Rp814.3tRp26.7tRp6.0t25.5x136.3x30.5x
Thu, 13 Feb 2025Rp891.0tRp26.6tRp5.9t27.4x150.6x33.5x
Sat, 11 Jan 2025Rp1453.1tRp26.3tRp5.9t28.5x248.2x55.2x
Mon, 09 Dec 2024Rp1194.3tRp25.7tRp5.7t15.6x209.3x46.5x
Wed, 06 Nov 2024Rp917.3tRp25.5tRp5.7t17.2x161.8x35.9x
Fri, 04 Oct 2024Rp979.4tRp24.9tRp5.3t18x185.3x39.4x
Sun, 01 Sep 2024Rp1502.0tRp24.9tRp5.3t18.4x283.4x60.2x
Tue, 30 Jul 2024Rp1220.2tRp26.2tRp5.6t19.6x216x46.5x
Thu, 27 Jun 2024Rp1353.8tRp26.5tRp5.7t18.2x239.5x51x
Sat, 25 May 2024Rp1573.3tRp25.9tRp5.5t19.9x284.8x60.7x
Mon, 22 Apr 2024Rp1153.8tRp26.3tRp5.9t19x195.9x43.9x
Wed, 20 Mar 2024Rp782.1tRp16.0tRp4.3t15.4x180.7x48.8x
Fri, 16 Feb 2024Rp753.9tRp16.0tRp4.3t16.8x174.9x47.1x
Sun, 14 Jan 2024Rp695.0tRp15.9tRp4.3t16.3x161.9x43.6x
Tue, 12 Dec 2023Rp1078.8tRp16.1tRp4.3t14.9x250x67.1x
Thu, 09 Nov 2023Rp659.1tRp16.1tRp4.3t18x153.2x41x
Sat, 07 Oct 2023Rp82.7tRp16.0tRp4.0t25.7x20.6x5.2x
Mon, 04 Sep 2023Rp75.6tRp15.6tRp3.9t25.7x19.3x4.8x
Price to Earnings Ratio

19.3x


Total Market Cap: Rp75.6tTotal Earnings: Rp3.9tTotal Revenue: Rp15.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Renewable Energy Industry Price to Earnings3Y Average 177.6x202420252026
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 78.7x which is lower than its 3-year average PE of 178x.
  • The 3-year average PS ratio of 39.8x 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 20% 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 Market0.21%
Utilities-1.50%
Renewable Energy-1.32%
Independent Power Producers and Energy Traders10.66%
Renewable Energy-1.63%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 228x.
    • Analysts are expecting annual earnings growth of 36.7%, 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.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
POWR Cikarang ListrindoRp900.007.8%
+Rp1.0t
27.7%PE11.6x
HGII Hero Global InvestmentRp143.0016.3%
+Rp130.0b
-3.4%PE53.3x
KEEN Kencana Energi LestariRp880.001.1%
+Rp36.7b
10.0%PE31.9x
LAPD Leyand InternationalRp70.004.5%
+Rp11.9b
-35.2%PS1.6x
MPOW Megapower MakmurRp113.005.6%
+Rp4.9b
-5.0%PS3.5x

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