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PT TBS Energi Utama TbkISX:TOBA -0.86%65 Debt-to-Equity is 2.17 as of Mar. 2026, which is 99% above its 10-year median of 1.09. GuruFocus rates ISX:TOBA with a GF Score™ of 65/100 and a GF Value™ of Rp314.75 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 134 Other Energy Sources companies, PT TBS Energi Utama Tbk ranks worse than 94.78% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for PT TBS Energi Utama Tbk's Debt-to-Equity or its related term are showing as below:
ISX:TOBA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 1.09 Max: 2.17
Current: 2.17
During the past 13 years, the highest Debt-to-Equity Ratio of PT TBS Energi Utama Tbk was 2.17. The lowest was 0.38. And the median was 1.09.
ISX:TOBA's Debt-to-Equity is ranked worse than 94.78% of 134
companies
in the Other Energy Sources industry
Industry Median: 0.325
vs ISX:TOBA: 2.17
PT TBS Energi Utama Tbk (ISX:TOBA) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
PT TBS Energi Utama Tbk Debt-to-Equity Related Terms
PT TBS Energi Utama Tbk Debt-to-Equity Historical Data
* 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 TBS Energi Utama Tbk Debt-to-Equity Competitor Comparison
For the Thermal Coal subindustry, PT TBS Energi Utama Tbk's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 TBS Energi Utama Tbk Debt-to-Equity vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT TBS Energi Utama Tbk's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where PT TBS Energi Utama Tbk's Debt-to-Equity falls into.
* 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 TBS Energi Utama Tbk (ISX:TOBA) has a Debt-to-Equity of 2.17 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PT TBS Energi Utama Tbk and its competitors. This is 99% above median its historical median of 1.09. Over the past decade, PT TBS Energi Utama Tbk's Debt-to-Equity has ranged from 0.38 to 2.17. According to the industry distribution chart, PT TBS Energi Utama Tbk ranks #127 out of 134 companies in the Other Energy Sources industry, placing it in the top 94.8%.
Is PT TBS Energi Utama Tbk's Debt-to-Equity too high?
PT TBS Energi Utama Tbk's current Debt-to-Equity of 2.17 is 99% above median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 2.17. The Other Energy Sources industry median Debt-to-Equity is 0.33. PT TBS Energi Utama Tbk's value of 2.17 is 567.7% above this industry median. Based on the distribution chart, PT TBS Energi Utama Tbk ranks #127 out of 134 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, PT TBS Energi Utama Tbk has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT TBS Energi Utama Tbk's Debt-to-Equity compare to competitors?
According to the Other Energy Sources industry distribution chart, PT TBS Energi Utama Tbk ranks #127 out of 134 companies for Debt-to-Equity. This places PT TBS Energi Utama Tbk in the lower half of its industry. The industry median Debt-to-Equity is 0.33. PT TBS Energi Utama Tbk's value of 2.17 is 567.7% above this benchmark. Historically, PT TBS Energi Utama Tbk's own Debt-to-Equity has ranged from 0.38 to 2.17 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 0.33, PT TBS Energi Utama 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-Equity for an Other Energy Sources company?
The median Debt-to-Equity among Other Energy Sources companies is 0.33, based on 134 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT TBS Energi Utama Tbk's current Debt-to-Equity of 2.17 is 567.7% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PT TBS Energi Utama Tbk and its competitors. For the Other Energy Sources industry, the median Debt-to-Equity is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT TBS Energi Utama Tbk's current Debt-to-Equity is 2.17, which is 99% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT TBS Energi Utama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT TBS Energi Utama Tbk (ISX:TOBA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp314.75, compared to a current price of Rp460.00 — trading 46.1% above its estimated fair value. The current Debt-to-Equity is 2.17, which is 99% above median its 10-year median of 1.09 and 567.7% above the Other Energy Sources industry median of 0.33. PT TBS Energi Utama Tbk's overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For PT TBS Energi Utama Tbk (ISX:TOBA), the current Debt-to-Equity is 2.17 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 TBS Energi Utama Tbk (ISX:TOBA) Overvalued in 2026?
Based on GuruFocus' analysis, PT TBS Energi Utama Tbk stock appears to be overvalued.
The current stock price of Rp460.00 is trading 46.1% above its estimated GF Value™ of Rp314.75.
GuruFocus considers PT TBS Energi Utama Tbk to be Significantly Overvalued.
Key valuation signals for ISX:TOBA:
Debt-to-Equity: 2.17 (99% above median its 10-year median of 1.09)
GF Value™: Rp314.75 vs. price of Rp460.00 (46.1% above fair value)
Industry Position: 567.7% above the Other Energy Sources median (#127 of 134)
No single metric tells the full story. See the ISX:TOBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT TBS Energi Utama Tbk is an integrated energy company operating in Indonesia and Singapore. The company has a diversified business portfolio that includes waste management, renewable energy, and electric vehicles. It is involved in activities aimed at lowering carbon emissions and developing low-carbon energy solutions. The company operates across various locations such as Gorontalo, East Kalimantan, Batam, Lampung, and Central Java. The Group operating segments are coal mining, coal trading, IPP, waste management and others. It derives maximum revenue from Waste Management segment. Geographically, the group operates Overseas as well as Domestic. It generates majority revenue from Overseas.
65GF Score
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