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Indonesian (IDX) Renewable Energy Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies8
  • 7D27.9%
  • 3M-54.4%
  • 1Y-45.7%
  • YTD-62.8%

In the last week, the Renewable Energy industry is up 28%, with Barito Renewables Energy up 25%. However, the industry is down 46% over the past year. 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
Tue, 02 Jun 2026Rp512.5tRp30.1tRp6.7t38.7x76.6x17x
Thu, 30 Apr 2026Rp724.3tRp28.9tRp6.1t39.6x118x25.1x
Sat, 28 Mar 2026Rp815.2tRp28.3tRp5.9t54.8x137.6x28.8x
Mon, 23 Feb 2026Rp1171.7tRp28.0tRp5.7t56x204.2x41.9x
Wed, 21 Jan 2026Rp1372.9tRp28.1tRp5.8t66.7x238.5x48.9x
Fri, 19 Dec 2025Rp1342.5tRp27.7tRp5.7t54.7x236.3x48.4x
Sun, 16 Nov 2025Rp1375.9tRp27.7tRp5.7t56.8x242.3x49.7x
Tue, 14 Oct 2025Rp1397.0tRp27.2tRp5.8t48.8x239.1x51.4x
Thu, 11 Sep 2025Rp1221.3tRp27.0tRp5.8t40.4x211.2x45.2x
Sat, 09 Aug 2025Rp1054.9tRp26.6tRp5.7t40.1x185x39.6x
Mon, 07 Jul 2025Rp838.2tRp26.4tRp5.8t26.7x145.4x31.8x
Wed, 04 Jun 2025Rp901.8tRp26.6tRp5.8t28.3x155.2x34x
Fri, 02 May 2025Rp862.2tRp26.9tRp5.8t30.2x148x32x
Sun, 30 Mar 2025Rp786.1tRp27.0tRp6.1t30.6x129.3x29.1x
Tue, 25 Feb 2025Rp899.3tRp26.5tRp5.9t28.9x152.8x34x
Thu, 23 Jan 2025Rp1379.4tRp26.5tRp5.9t33.2x234.3x52.1x
Sat, 21 Dec 2024Rp1287.4tRp26.3tRp5.8t15.2x220.8x49x
Mon, 18 Nov 2024Rp982.5tRp25.7tRp5.7t16.5x172.1x38.2x
Wed, 16 Oct 2024Rp962.7tRp25.1tRp5.3t18.8x180.2x38.3x
Fri, 13 Sep 2024Rp1635.9tRp24.9tRp5.3t18.3x308.8x65.6x
Sun, 11 Aug 2024Rp1184.1tRp25.7tRp5.5t19.2x216.9x46.1x
Tue, 09 Jul 2024Rp1444.7tRp26.3tRp5.6t19.1x258.2x55x
Thu, 06 Jun 2024Rp1169.5tRp26.4tRp5.6t18.4x208.2x44.4x
Sat, 04 May 2024Rp1387.4tRp26.0tRp5.8t19.2x238.9x53.4x
Mon, 01 Apr 2024Rp784.8tRp25.6tRp6.0t14.7x130.7x30.7x
Wed, 28 Feb 2024Rp804.0tRp16.0tRp4.3t16.8x186.3x50.1x
Fri, 26 Jan 2024Rp770.5tRp16.2tRp4.4t16.1x176.5x47.5x
Sun, 24 Dec 2023Rp1068.6tRp15.9tRp4.3t16.1x250.5x67.2x
Tue, 21 Nov 2023Rp978.1tRp15.9tRp4.2t17.3x230.3x61.7x
Thu, 19 Oct 2023Rp533.8tRp16.1tRp4.0t25.7x132.2x33.1x
Sat, 16 Sep 2023Rp67.3tRp15.7tRp3.9t22.3x17.1x4.3x
Mon, 14 Aug 2023Rp56.4tRp15.7tRp3.9t17.2x14.4x3.6x
Wed, 12 Jul 2023Rp49.6tRp15.5tRp3.7t15.2x13.4x3.2x
Fri, 09 Jun 2023Rp52.5tRp15.3tRp3.6t16.7x14.5x3.4x
Price to Earnings Ratio

14.5x


Total Market Cap: Rp52.5tTotal Earnings: Rp3.6tTotal Revenue: Rp15.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Renewable Energy Industry Price to Earnings3Y Average 172.3x202420252026
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 76.6x which is lower than its 3-year average PE of 172x.
  • The 3-year average PS ratio of 38.6x is higher than the industry's current PS ratio of 17.0x.
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 Market0.87%
Utilities23.13%
Renewable Energy27.95%
Renewable Energy28.74%
Independent Power Producers and Energy Traders1.17%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 221x.
    • Analysts are expecting annual earnings growth of 35.5%, 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 35% 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
BREN Barito Renewables EnergyRp4.12k56.1%
+Rp198.0t		-33.5%PE219.1x
ARKO Arkora HydroRp6.03k2.1%
+Rp366.1b		621.6%PE293.7x
KEEN Kencana Energi LestariRp865.000.6%
+Rp18.3b		6.1%PE24.2x

Latest News

PGEO
Rp860.00
Pertamina Geothermal Energy
7D
-4.4%
1Y
-34.6%
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
Rp114.00
Megapower Makmur
7D
-2.6%
1Y
-4.2%
BREN
Rp4,120.00
Barito Renewables Energy
7D
56.1%
1Y
-33.5%
POWR
Rp700.00
Cikarang Listrindo
7D
-0.7%
1Y
2.2%
LAPD
Rp68.00
Leyand International
7D
-2.9%
1Y
54.5%
HGII
Rp128.00
Hero Global Investment
7D
-3.0%
1Y
-26.4%
KEEN
Rp865.00
Kencana Energi Lestari
7D
0.6%
1Y
6.1%
ARKO
Rp6,025.00
Arkora Hydro
7D
2.1%
1Y
621.6%