KISI sets IDR 1,065.00 target for Pertamina Geothermal Energy stock
Published on 10/13/2026 at 13:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- KISI's Muhammad Wafi set a IDR 1,065.00 target on October 13, 2026 and maintained a hold recommendation.
- Pertamina Geothermal Energy reported first-half 2026 net income of USD 79.60 million, up 15.48 percent year over year.
- Pertamina Geothermal Energy stock last stood at IDR 985.00 on October 13, 2026 at 4:14 p.m. WIB, 8.12 percent below the KISI target.
- The company had a market capitalization of IDR 41.3 trillion and a P/E ratio of 16.15 on October 13, 2026.
KISI analyst Muhammad Wafi set a target of IDR 1,065.00 for Pertamina Geothermal Energy stock and maintained a hold recommendation on October 13, 2026, putting the target 8.12 percent above the latest IDR 985.00 market price. Kontan reported that Jeremy Mikael of Bahana Sekuritas used a higher IDR 1,500.00 target, while the two analysts differed on their recommendations.
Profit growth supports the valuation
PT Pertamina Geothermal Energy Tbk reported first-half 2026 net income of USD 79.60 million, up 15.48 percent from the same period a year earlier. ANTARA said first-half revenue reached USD 235.00 million, up 14.70 percent from USD 204.90 million in the comparable period.
Production through July 31, 2026 reached 3,222 gigawatt hours, up 12.70 percent year over year, while the company targets 5,255 gigawatt hours for the full year. That operating comparison gives the analyst targets a measurable earnings-growth backdrop, although the targets remain materially different.
Stock remains below its yearly high
On October 13, 2026, the latest market price was IDR 985.00 on the Indonesia Stock Exchange. The 52-week range was IDR 770.00 to IDR 1,465.00, placing the stock 32.76 percent below its high and 27.92 percent above its low.
The market capitalization was IDR 41.3 trillion, the price-to-earnings ratio was 16.15, and the trailing dividend yield was 0.05 percent on October 13, 2026. A separate model-based valuation placed fair value at IDR 935.20 on October 12, 2026, below the market price, according to Fair Value Calculator.
Operational execution remains central
Projects at Lumut Balai and other geothermal fields are part of the company's expansion path, while production reliability and capital spending remain central to the earnings outlook. The latest operating figures show that revenue growth and electricity output are moving in the same direction during the first half of 2026.
Latest Indonesia market price
Pertamina Geothermal Energy stock was last at IDR 985.00 on the Indonesia Stock Exchange on October 13, 2026 at 4:14 p.m. WIB. Its market capitalization was IDR 41.3 trillion and its P/E ratio was 16.15 on the same date.
Market context: Market report IDX Composite.
Pertamina Geothermal Energy stock facts
- Company: PT Pertamina Geothermal Energy Tbk
- ISIN: ID1000186505
- Ticker: PGEO
- Primary exchange: Indonesia Stock Exchange
- Price Indonesia Stock Exchange as of October 13, 2026 at 4:14 p.m. WIB: IDR 985.00
- Market capitalization: IDR 41.3 trillion as of October 13, 2026
- 52-week range: IDR 770.00-1,465.00 as of October 13, 2026
- Sector / Industry: Utilities / Renewable Utilities
