Wind is at 18 right now, solar at something like 15. These will only go up as they become cheaper and cheaper. Given how frequently renewables are critiqued for low energy return on energy investment, 11% is a pretty pathetic stat. I think it's pretty clear that these industries are the walking dead. I should have switched my total market index funds to exclude the fossil fuel companies a few years ago, before they lost so much of their value recently.