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 | MYOH.JK | Samindo Resources Tbk | 68.0 |
| 2 | DWGL.JK | Dwi Guna Laksana Tbk PT | 66.4 |
| 3 | CNKO.JK | Exploitasi Energi Indonesia | 65.0 |
| 4 | ITMG.JK | Indo Tambangraya Megah Tbk | 64.9 |
| 5 | BSSR.JK | Baramulti Suksessarana Tbk | 62.9 |
| 6 | MCOL.JK | Prima Andalan Mandiri Tbk PT | 62.3 |
| 7 | PTBA.JK | Bukit Asam Tbk PT | 59.9 |
| 8 | AADI.JK | Adaro Andalan Indonesia Tbk | 59.8 |
| 9 | ADRO.JK | PT Alamtri Resources Indonesia Tbk | 58.3 |
| 10 | ARII.JK | Atlas Resources Tbk | 55.9 |
| 11 | SMMT.JK | Golden Eagle Energy Tbk | 53.7 |
| 12 | KKGI.JK | Resource Alam Indonesia Tbk | 53.4 |
| 13 | FIRE.JK | Alfa Energi Investama Tbk PT | 50.7 |
| 14 | BYAN.JK | Bayan Resources Tbk | 49.4 |
| 15 | DEWA.JK | Darma Henwa Tbk | 49.0 |
| 16 | RMKO.JK | PT Royaltama Mulia Kontraktorindo Tbk | 47.2 |
| 17 | MBAP.JK | Mitrabara Adiperdana PT | 45.3 |
| 18 | RMKE.JK | RMK Energy PT Tbk | 44.4 |
| 19 | ABMM.JK | Abm Investama Tbk | 41.2 |
| 20 | DOID.JK | PT Buma Internasional Grup Tbk | 40.6 |
Customise the Thermal Coal + Indonesia screen
The full screener applies both filters and lets you stack 30+ more on top: market cap, dividend yield, and the four pillar scores.
Open in screener →Explore related pages
Thermal Coal in other countries
Other industries in Indonesia
Browse the hub pages
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.