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Indonesian (IDX) Renewable Energy Industry Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies8
  • 7D-4.8%
  • 3M-41.3%
  • 1Y2.9%
  • YTD-41.3%

Over the last 7 days, the Renewable Energy industry has dropped 4.1%, driven by Barito Renewables Energy declining 5.6%. Meanwhile, Pertamina Geothermal Energy actually outperformed within the industry, gaining 7.9% in the last week. This takes the industry's 12 month performance to a gain of 3.7%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
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
Price to Earnings Ratio

12.6x


Total Market Cap: Rp41.2tTotal Earnings: Rp3.3tTotal Revenue: Rp14.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Renewable Energy Industry Price to Earnings3Y Average 166.9x202420252026
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 138x which is lower than its 3-year average PE of 167x.
  • The 3-year average PS ratio of 37.5x is higher than the industry's current PS ratio of 28.8x.
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 24% 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-0.40%
Utilities-3.79%
Renewable Energy-4.82%
Independent Power Producers and Energy Traders0.87%
Renewable Energy-4.90%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 215x.
    • Analysts are expecting annual earnings growth of 13.3%, which is higher than its past year's earnings decline of 14.2% 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 9.6x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 8.7% 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 EnergyRp1.02k7.9%
+Rp3.1t
26.7%PE18.2x
KEEN Kencana Energi LestariRp875.004.2%
+Rp128.3b
25.9%PE56.3x
MPOW Megapower MakmurRp94.004.4%
+Rp3.3b
1.1%PS2.5x

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