Best Thermal Coal Stocks for 2026
Thermal coal miners face energy-transition demand pressure in developed markets even as Asian import demand continues, so low multiples carry a Health-pillar check.
Thermal Coal producers earn revenue on production volume at realised prices net of mining costs, with structural demand pressure from the energy transition in developed markets and continuing import demand from Asia. Composite scoring uses the Valuation pillar (low headline multiples) with the Health pillar gating names heading into a trough overleveraged.
Data as of (updated daily)
Top 20 Thermal Coal stocks by composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | 002128.SHE | Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia | 76.0 |
| 2 | 1229.HK | Nan Nan Resources Enterprise Ltd | 72.0 |
| 3 | DWGL.JK | Dwi Guna Laksana Tbk PT | 68.0 |
| 4 | MYOH.JK | Samindo Resources Tbk | 66.5 |
| 5 | PTBA.JK | Bukit Asam Tbk PT | 66.4 |
| 6 | 601001.SHG | Jinneng Holding Shanxi Coal Industry Co Ltd | 65.9 |
| 7 | MCOL.JK | Prima Andalan Mandiri Tbk PT | 64.7 |
| 8 | ITMG.JK | Indo Tambangraya Megah Tbk | 63.8 |
| 9 | CNKO.JK | Exploitasi Energi Indonesia | 63.7 |
| 10 | YAL.AU | Yancoal Australia Ltd | 63.7 |
| 11 | 603071.SHG | ZJMI Environmental Energy Co. Ltd. | 63.6 |
| 12 | BSSR.JK | Baramulti Suksessarana Tbk | 63.1 |
| 13 | 601898.SHG | China Coal Energy Co Ltd | 63.1 |
| 14 | LANNA.BK | Lanna Resources Public Company Limited | 63.0 |
| 15 | 1303.HK | Huili Resources Group Ltd | 62.5 |
| 16 | 601101.SHG | Beijing Haohua Energy Resource Co Ltd | 62.3 |
| 17 | 000983.SHE | Shanxi Xishan Coal and Electricity Power Co Ltd | 62.2 |
| 18 | 1733.HK | E -Commodities Holdings Ltd | 61.9 |
| 19 | 600546.SHG | Shanxi Coal International Energy Group Co Ltd | 61.0 |
| 20 | AADI.JK | Adaro Andalan Indonesia Tbk | 60.9 |
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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by composite score; use the screener for the full ranked list.