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Indonesian (IDX) Telecom Sector Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies44
  • 7D0.1%
  • 3M-32.0%
  • 1Y35.6%
  • YTD-30.3%

In the last week, the Telecom industry is up 1.7%, with MNC Digital Entertainment up 51%. In the same time, Mora Telematika Indonesia was down 11%. In the last 12 months, the industry was up 29%. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

Has the Indonesian Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Apr 2026Rp977.1tRp372.7tRp39.8t21.3x24.6x2.6x
Fri, 06 Mar 2026Rp1052.9tRp371.0tRp37.6t20.2x28x2.8x
Sun, 01 Feb 2026Rp1337.6tRp367.0tRp39.1t22.1x34.2x3.6x
Tue, 30 Dec 2025Rp1377.8tRp367.0tRp39.1t24.6x35.2x3.8x
Thu, 27 Nov 2025Rp1190.2tRp366.7tRp39.1t22.6x30.5x3.2x
Sat, 25 Oct 2025Rp985.7tRp363.0tRp46.9t23.2x21x2.7x
Mon, 22 Sep 2025Rp961.7tRp363.0tRp46.8t26.1x20.5x2.6x
Wed, 20 Aug 2025Rp927.9tRp360.7tRp49.0t21.1x18.9x2.6x
Fri, 18 Jul 2025Rp824.1tRp360.8tRp40.6t19.4x20.3x2.3x
Sun, 15 Jun 2025Rp869.0tRp362.4tRp41.9t20.4x20.7x2.4x
Tue, 13 May 2025Rp861.7tRp362.1tRp41.9t22x20.6x2.4x
Thu, 10 Apr 2025Rp763.1tRp375.1tRp35.6t18.9x21.4x2x
Sat, 08 Mar 2025Rp830.4tRp369.5tRp36.8t22.9x22.5x2.2x
Mon, 03 Feb 2025Rp840.3tRp367.9tRp37.7t19.8x22.3x2.3x
Wed, 01 Jan 2025Rp851.4tRp367.2tRp38.5t21.9x22.1x2.3x
Fri, 29 Nov 2024Rp895.9tRp368.0tRp39.3t23.2x22.8x2.4x
Sun, 27 Oct 2024Rp942.0tRp368.2tRp40.7t21.7x23.1x2.6x
Tue, 24 Sep 2024Rp982.9tRp368.9tRp41.7t20.9x23.6x2.7x
Thu, 22 Aug 2024Rp918.6tRp369.0tRp41.8t19.7x22x2.5x
Sat, 20 Jul 2024Rp852.8tRp365.1tRp40.4t20.5x21.1x2.3x
Mon, 17 Jun 2024Rp810.9tRp367.0tRp42.5t20.6x19.1x2.2x
Wed, 15 May 2024Rp875.7tRp365.2tRp42.0t21.7x20.8x2.4x
Fri, 12 Apr 2024Rp865.2tRp362.2tRp40.4t26.3x21.4x2.4x
Sun, 10 Mar 2024Rp964.0tRp373.3tRp39.4t26.1x24.5x2.6x
Tue, 06 Feb 2024Rp983.5tRp370.8tRp38.8t26.1x25.4x2.7x
Thu, 04 Jan 2024Rp980.0tRp368.4tRp40.5t25.9x24.2x2.7x
Sat, 02 Dec 2023Rp971.3tRp368.7tRp41.0t27.2x23.7x2.6x
Mon, 30 Oct 2023Rp906.5tRp368.7tRp41.2t26.4x22x2.5x
Wed, 27 Sep 2023Rp953.3tRp368.8tRp41.4t27.9x23x2.6x
Fri, 25 Aug 2023Rp975.2tRp368.9tRp41.5t30.6x23.5x2.6x
Sun, 23 Jul 2023Rp951.1tRp364.1tRp44.1t26.5x21.6x2.6x
Tue, 20 Jun 2023Rp959.2tRp364.2tRp44.5t26.6x21.5x2.6x
Thu, 18 May 2023Rp921.1tRp364.3tRp44.2t25.2x20.8x2.5x
Sat, 15 Apr 2023Rp962.4tRp360.0tRp48.5t18.5x19.9x2.7x
Price to Earnings Ratio

19.9x


Total Market Cap: Rp962.4tTotal Earnings: Rp48.5tTotal Revenue: Rp360.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Sector Price to Earnings3Y Average 23.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indonesian Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 23.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 5.4% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Indonesian Telecom sector?

ID Market-1.63%
Telecom0.11%
Entertainment19.94%
Telecom Services and Carriers-1.72%
Media-1.96%
Wireless Telecom-2.07%
Interactive Media and Services-11.88%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 27.7x.
    • Analysts are expecting annual earnings growth of 47.0%, which is higher than its past year's earnings growth of 12.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 47% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 6.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MSIN MNC Digital EntertainmentRp950.0050.8%
+Rp19.4t		98.7%PE59.1x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.10k1.3%
+Rp4.0t		35.4%PE14.1x
IBST Inti Bangun SejahteraRp5.33k18.3%
+Rp1.1t		7.8%PE17.5x
MNCN PT. Media Nusantara CitraRp228.0010.7%
+Rp291.0b		-4.2%PE2.3x
CNMA Nusantara Sejahtera RayaRp110.002.8%
+Rp245.0b		-5.2%PE12.7x

Latest News

DATA
Rp1,860.00
Remala Abadi
7D
-38.2%
1Y
80.6%
IBST
Rp5,325.00
Inti Bangun Sejahtera
7D
18.3%
1Y
7.8%
EXCL
Rp2,830.00
XLSMART Telecom Sejahtera
7D
-4.1%
1Y
28.6%
MNCN
Rp228.00
PT. Media Nusantara Citra
7D
10.7%
1Y
-4.2%
MSIN
Rp950.00
MNC Digital Entertainment
7D
50.8%
1Y
98.7%
FILM
Rp2,800.00
PT.MD Entertainment
7D
-8.8%
1Y
15.7%
MORA
Rp3,850.00
Mora Telematika Indonesia
7D
-11.3%
1Y
892.3%
NETV
Rp91.00
MDTV Media Technologies
7D
4.6%
1Y
-42.0%
RAAM
Rp238.00
Tripar Multivision Plus
7D
12.3%
1Y
-7.8%
EMTK
Rp720.00
Elang Mahkota Teknologi
7D
-5.9%
1Y
49.4%
TLKM
Rp3,100.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
1.3%
1Y
35.4%

TLKM: NeutraDC Stake Review And Governance Moves Will Shape Fairly Valued Outlook

Analysts have made a small upward adjustment to their IDR price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR3,169.91 from IDR3,167.87, reflecting updated assumptions around revenue growth, profit margin, discount rate, and future P/E levels. What's in the News M&A discussions are underway as Telkom Indonesia considers selling a stake in its data center unit, NeutraDC.
CNMA
Rp110.00
Nusantara Sejahtera Raya
7D
2.8%
1Y
-5.2%
BALI
Rp1,260.00
Bali Towerindo Sentra
7D
-8.7%
1Y
6.8%
LINK
Rp1,940.00
Link Net
7D
4.6%
1Y
-0.5%
MTEL
Rp520.00
Dayamitra Telekomunikasi
7D
-4.6%
1Y
6.6%
DNET
Rp9,125.00
Indoritel Makmur Internasional
7D
-0.8%
1Y
-3.9%