Best Thermal Coal Stocks in Indonesia for 2026
Top-ranked Thermal Coal stocks in Indonesia. 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 in Indonesia by composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | DWGL.JK | Dwi Guna Laksana Tbk PT | 68.0 |
| 2 | MYOH.JK | Samindo Resources Tbk | 66.5 |
| 3 | PTBA.JK | Bukit Asam Tbk PT | 66.2 |
| 4 | MCOL.JK | Prima Andalan Mandiri Tbk PT | 64.7 |
| 5 | ITMG.JK | Indo Tambangraya Megah Tbk | 63.8 |
| 6 | CNKO.JK | Exploitasi Energi Indonesia | 63.7 |
| 7 | BSSR.JK | Baramulti Suksessarana Tbk | 63.1 |
| 8 | AADI.JK | Adaro Andalan Indonesia Tbk | 60.9 |
| 9 | DEWA.JK | Darma Henwa Tbk | 60.3 |
| 10 | KKGI.JK | Resource Alam Indonesia Tbk | 59.1 |
| 11 | SMMT.JK | Golden Eagle Energy Tbk | 58.6 |
| 12 | ARII.JK | Atlas Resources Tbk | 55.8 |
| 13 | FIRE.JK | Alfa Energi Investama Tbk PT | 55.4 |
| 14 | UNIQ.JK | Ulima Nitra PT | 53.1 |
| 15 | BYAN.JK | Bayan Resources Tbk | 52.6 |
| 16 | RMKE.JK | RMK Energy PT Tbk | 52.4 |
| 17 | MBAP.JK | Mitrabara Adiperdana PT | 49.4 |
| 18 | ADRO.JK | PT Alamtri Resources Indonesia Tbk | 48.9 |
| 19 | RMKO.JK | PT Royaltama Mulia Kontraktorindo Tbk | 44.8 |
| 20 | ABMM.JK | Abm Investama Tbk | 44.4 |
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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.