Best Thermal Coal Stocks in Indonesia for 2026
Top-ranked Thermal Coal stocks in Indonesia. Top Thermal Coal stocks ranked by 4-pillar fundamental composite score.
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 in Indonesia by composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | CNKO.JK | Exploitasi Energi Indonesia | 69.8 |
| 2 | MYOH.JK | Samindo Resources Tbk | 68.5 |
| 3 | ITMG.JK | Indo Tambangraya Megah Tbk | 65.8 |
| 4 | MCOL.JK | Prima Andalan Mandiri Tbk PT | 65.0 |
| 5 | BSSR.JK | Baramulti Suksessarana Tbk | 63.6 |
| 6 | AADI.JK | Adaro Andalan Indonesia Tbk | 60.3 |
| 7 | PTBA.JK | Bukit Asam Tbk PT | 60.1 |
| 8 | DWGL.JK | Dwi Guna Laksana Tbk PT | 59.9 |
| 9 | ADRO.JK | PT Alamtri Resources Indonesia Tbk | 59.6 |
| 10 | KKGI.JK | Resource Alam Indonesia Tbk | 54.7 |
| 11 | BYAN.JK | Bayan Resources Tbk | 52.4 |
| 12 | FIRE.JK | Alfa Energi Investama Tbk PT | 50.5 |
| 13 | DEWA.JK | Darma Henwa Tbk | 46.4 |
| 14 | MBAP.JK | Mitrabara Adiperdana PT | 44.9 |
| 15 | ARII.JK | Atlas Resources Tbk | 44.7 |
| 16 | RMKE.JK | RMK Energy PT Tbk | 44.6 |
| 17 | RMKO.JK | PT Royaltama Mulia Kontraktorindo Tbk | 44.5 |
| 18 | ABMM.JK | Abm Investama Tbk | 41.9 |
| 19 | HRUM.JK | Harum Energy Tbk PT | 41.5 |
| 20 | GTBO.JK | Garda Tujuh Buana Tbk | 37.9 |
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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 within the Thermal Coal industry, Indonesia. Use the screener for the full ranked list.