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Indonesian (IDX) Renewable Energy Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies8
  • 7D-6.9%
  • 3M-32.8%
  • 1Y-35.5%
  • YTD-58.6%

Over the last 7 days, the Renewable Energy industry has dropped 3.9%, driven by a pullback from Barito Renewables Energy of 8.6%. In contrast, Arkora Hydro has gained 20%. Overall the industry is down 35% in 12 months. Looking forward, earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Jun 2026Rp570.8tRp29.9tRp6.7t38.5x85.6x19.1x
Mon, 18 May 2026Rp512.1tRp29.5tRp6.6t40.6x78.1x17.4x
Wed, 15 Apr 2026Rp957.3tRp28.5tRp6.1t39.2x158.1x33.6x
Fri, 13 Mar 2026Rp954.1tRp28.3tRp6.1t49x157.1x33.8x
Sun, 08 Feb 2026Rp1154.7tRp28.0tRp5.7t53.8x201.2x41.3x
Tue, 06 Jan 2026Rp1378.7tRp27.7tRp5.7t55x242.4x49.7x
Thu, 04 Dec 2025Rp1367.7tRp27.6tRp5.7t60.3x242x49.6x
Sat, 01 Nov 2025Rp1236.5tRp27.5tRp5.8t46.4x212.5x45x
Mon, 29 Sep 2025Rp1284.4tRp27.4tRp5.9t44.4x217.9x46.9x
Wed, 27 Aug 2025Rp1273.7tRp26.8tRp5.7t41.6x222.4x47.6x
Fri, 25 Jul 2025Rp1118.1tRp26.5tRp5.8t27.8x192.8x42.1x
Sun, 22 Jun 2025Rp897.8tRp26.7tRp5.8t27x154x33.6x
Tue, 20 May 2025Rp939.7tRp26.8tRp5.9t25.9x160.5x35.1x
Thu, 17 Apr 2025Rp801.1tRp27.3tRp6.2t27x129.6x29.3x
Sat, 15 Mar 2025Rp854.6tRp26.6tRp6.0t25.2x143.6x32.2x
Mon, 10 Feb 2025Rp993.9tRp26.5tRp5.9t27.7x168.9x37.6x
Wed, 08 Jan 2025Rp1464.6tRp26.1tRp5.8t14.1x252.2x56x
Fri, 06 Dec 2024Rp1060.7tRp25.7tRp5.7t15.7x185.6x41.2x
Sun, 03 Nov 2024Rp958.0tRp25.4tRp5.7t17.4x169.2x37.7x
Tue, 01 Oct 2024Rp946.6tRp24.4tRp5.2t18.6x182.3x38.7x
Thu, 29 Aug 2024Rp1428.9tRp24.9tRp5.3t18.6x270.2x57.4x
Sat, 27 Jul 2024Rp1189.5tRp26.3tRp5.6t19.6x212.1x45.2x
Mon, 24 Jun 2024Rp1280.2tRp26.6tRp5.7t17.7x226.1x48.2x
Wed, 22 May 2024Rp1536.8tRp25.8tRp5.5t20.3x279x59.5x
Fri, 19 Apr 2024Rp1127.6tRp26.2tRp5.9t19.3x192.5x43.1x
Sun, 17 Mar 2024Rp809.0tRp15.9tRp4.3t15.6x188.3x50.9x
Tue, 13 Feb 2024Rp796.2tRp16.0tRp4.3t16.6x185x49.8x
Thu, 11 Jan 2024Rp825.3tRp16.0tRp4.3t16.2x192.1x51.7x
Sat, 09 Dec 2023Rp1141.5tRp16.0tRp4.3t15.7x266.6x71.6x
Mon, 06 Nov 2023Rp628.2tRp16.0tRp4.3t18.8x146.6x39.3x
Wed, 04 Oct 2023Rp79.7tRp15.9tRp4.0t25.7x20x5x
Fri, 01 Sep 2023Rp75.5tRp15.6tRp3.9t25.2x19.3x4.8x
Sun, 30 Jul 2023Rp49.8tRp15.5tRp3.8t14.8x13.3x3.2x
Tue, 27 Jun 2023Rp51.9tRp15.4tRp3.7t16.8x14.2x3.4x
Price to Earnings Ratio

14.2x


Total Market Cap: Rp51.9tTotal Earnings: Rp3.7tTotal Revenue: Rp15.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Renewable Energy Industry Price to Earnings3Y Average 173.5x202420252026
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 87.4x which is lower than its 3-year average PE of 173x.
  • The 3-year average PS ratio of 38.9x is higher than the industry's current PS ratio of 19.5x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have grown 22% 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 Market2.22%
Utilities-5.59%
Renewable Energy-6.86%
Independent Power Producers and Energy Traders2.91%
Renewable Energy-7.04%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 223x.
    • 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
ARKO Arkora HydroRp6.45k20.0%
+Rp3.1t		706.3%PE314.4x
PGEO Pertamina Geothermal EnergyRp895.003.5%
+Rp1.3t		-35.4%PE14x
POWR Cikarang ListrindoRp705.002.9%
+Rp317.0b		3.7%PE8.6x
KEEN Kencana Energi LestariRp865.002.4%
+Rp73.3b		8.1%PE24.2x
LAPD Leyand InternationalRp63.003.3%
+Rp7.9b		133.3%PS1.5x

Latest News

BREN
Rp3,730.00
Barito Renewables Energy
7D
-8.6%
1Y
-38.3%
HGII
Rp130.00
Hero Global Investment
7D
-1.5%
1Y
-20.2%
KEEN
Rp865.00
Kencana Energi Lestari
7D
2.4%
1Y
8.1%
PGEO
Rp895.00
Pertamina Geothermal Energy
7D
3.5%
1Y
-35.4%
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
Rp98.00
Megapower Makmur
7D
1.0%
1Y
-25.2%
POWR
Rp705.00
Cikarang Listrindo
7D
2.9%
1Y
3.7%
LAPD
Rp63.00
Leyand International
7D
3.3%
1Y
133.3%
ARKO
Rp6,450.00
Arkora Hydro
7D
20.0%
1Y
706.3%