PT Indika Energy Tbk (ISX:INDY) Debt-to-EBITDA : 5.94 (As of Mar. 2026) — 76% Above Median

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ISX:INDY PT Indika Energy Tbk ISX:INDY
73 GF Score
Price Rp2,410.00
GF Value Rp1,244.03
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is PT Indika Energy Tbk Debt-to-EBITDA?

PT Indika Energy Tbk ISX:INDY -0.82% 73 Debt-to-EBITDA is 5.94 as of Mar. 2026, which is 76% above its 10-year median of 3.37. GuruFocus rates ISX:INDY with a GF Score™ of 73/100 and a GF Value™ of Rp1,244.03 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 93 Other Energy Sources companies, PT Indika Energy Tbk ranks worse than 83.87% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

PT Indika Energy Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was Rp2,903,181 Mil. PT Indika Energy Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was Rp15,675,447 Mil. PT Indika Energy Tbk's annualized EBITDA for the quarter that ended in Mar. 2026 was Rp3,128,680 Mil. PT Indika Energy Tbk's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 5.94.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for PT Indika Energy Tbk's Debt-to-EBITDA or its related term are showing as below:

ISX:INDY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -33.03   Med: 3.37   Max: 16.2
Current: 7.05

During the past 13 years, the highest Debt-to-EBITDA Ratio of PT Indika Energy Tbk was 16.20. The lowest was -33.03. And the median was 3.37.

ISX:INDY's Debt-to-EBITDA is ranked worse than
83.87% of 93 companies
in the Other Energy Sources industry
Industry Median: 2.17 vs ISX:INDY: 7.05

PT Indika Energy Tbk  (ISX:INDY) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


PT Indika Energy Tbk Debt-to-EBITDA Related Terms


PT Indika Energy Tbk Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for PT Indika Energy Tbk's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PT Indika Energy Tbk Debt-to-EBITDA Chart

PT Indika Energy Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.96 0.88 3.02 6.29 7.08

PT Indika Energy Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.31 9.81 7.84 5.26 5.94

PT Indika Energy Tbk Debt-to-EBITDA Competitor Comparison

For the Thermal Coal subindustry, PT Indika Energy Tbk's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PT Indika Energy Tbk Debt-to-EBITDA vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Indika Energy Tbk's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where PT Indika Energy Tbk's Debt-to-EBITDA falls into.


ISX:INDY
73GF Score
PT Indika Energy Tbk ISX:INDY
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Indika Energy Tbk Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

PT Indika Energy Tbk's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2422633.477 + 15567950.387) / 2542223.084
=7.08

PT Indika Energy Tbk's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2903181.026 + 15675447.358) / 3128680.02
=5.94

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 5.94 mean?
PT Indika Energy Tbk (ISX:INDY) has a Debt-to-EBITDA of 5.94 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on PT Indika Energy Tbk. This is 76% above median its historical median of 3.37. According to the industry distribution chart, PT Indika Energy Tbk ranks #78 out of 93 companies in the Other Energy Sources industry, placing it in the top 83.9%.
Is PT Indika Energy Tbk's Debt-to-EBITDA too high?
PT Indika Energy Tbk's current Debt-to-EBITDA of 5.94 is 76% above median its 10-year median of 3.37. The Other Energy Sources industry median Debt-to-EBITDA is 2.17. PT Indika Energy Tbk's value of 5.94 is 173.7% above this industry median. Based on the distribution chart, PT Indika Energy Tbk ranks #78 out of 93 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, PT Indika Energy Tbk has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Indika Energy Tbk's Debt-to-EBITDA compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Indika Energy Tbk ranks #78 out of 93 companies for Debt-to-EBITDA. This places PT Indika Energy Tbk in the lower half of its industry. The industry median Debt-to-EBITDA is 2.17. PT Indika Energy Tbk's value of 5.94 is 173.7% above this benchmark. While the company's 10-year median is 3.37 vs. the industry median of 2.17, PT Indika Energy Tbk has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Other Energy Sources company?
The median Debt-to-EBITDA among Other Energy Sources companies is 2.17, based on 93 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Indika Energy Tbk's current Debt-to-EBITDA of 5.94 is 173.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on PT Indika Energy Tbk. For the Other Energy Sources industry, the median Debt-to-EBITDA is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indika Energy Tbk's current Debt-to-EBITDA is 5.94, which is 76% above median its own 10-year median of 3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indika Energy Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indika Energy Tbk (ISX:INDY) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp1,244.03, compared to a current price of Rp2,410.00 — trading 93.7% above its estimated fair value. The current Debt-to-EBITDA is 5.94, which is 76% above median its 10-year median of 3.37 and 173.7% above the Other Energy Sources industry median of 2.17. PT Indika Energy Tbk's overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For PT Indika Energy Tbk (ISX:INDY), the current Debt-to-EBITDA is 5.94 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PT Indika Energy Tbk (ISX:INDY) Overvalued in 2026?

Based on GuruFocus' analysis, PT Indika Energy Tbk stock appears to be overvalued. The current stock price of Rp2,410.00 is trading 93.7% above its estimated GF Value™ of Rp1,244.03. GuruFocus considers PT Indika Energy Tbk to be Significantly Overvalued.

Key valuation signals for ISX:INDY:

  • Debt-to-EBITDA: 5.94 (76% above median its 10-year median of 3.37)
  • GF Value™: Rp1,244.03 vs. price of Rp2,410.00 (93.7% above fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 173.7% above the Other Energy Sources median (#78 of 93)

No single metric tells the full story. See the ISX:INDY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Indika Energy Tbk Business Description

Other Exchanges I41:Germany
Address Jl. Jend Gatot Subroto Kav. 21, Graha Mitra, Lantai 3, Jakarta Selatan, IDN, 12930
PT Indika Energy Tbk is an Indonesia-based integrated energy company engaged in exploring, producing, and processing coal. The company and its subsidiaries are principally organized and based on Energy resources, Energy services, Logistics and infrastructure, Green business, Mineral, Digital Ventures, and Other segments. The company derives maximum revenue from Energy resources engaged in the field exploration of coal resources, production, and trading.
73GF Score

Get the complete analysis for ISX:INDY

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp2,410.00
Price
Rp1,244.03
GF Value