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Indonesian (IDX) Telecom Sector Analysis

UpdatedFeb 13, 2026
DataAggregated Company Financials
Companies45
  • 7D5.4%
  • 3M0.6%
  • 1Y40.0%
  • YTD-17.6%

In the last week, the Telecom industry is up 1.5%, with Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia up 6.0%. Meanwhile, PT.MD Entertainment actually underperformed within the industry, shrinking 22% in the last week. This means that the industry has gained 41% over the past year. Looking forward, earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Feb 2026Rp1142.7tRp367.0tRp39.1t22x29.2x3.1x
Sun, 11 Jan 2026Rp1428.0tRp367.0tRp39.1t24.6x36.5x3.9x
Tue, 09 Dec 2025Rp1352.7tRp366.7tRp39.1t23.8x34.6x3.7x
Thu, 06 Nov 2025Rp1040.7tRp364.4tRp47.1t21.1x22.1x2.9x
Sat, 04 Oct 2025Rp976.6tRp363.0tRp46.8t24.1x20.8x2.7x
Mon, 01 Sep 2025Rp947.4tRp362.8tRp46.9t25.9x20.2x2.6x
Wed, 30 Jul 2025Rp845.7tRp361.0tRp40.8t21.7x20.7x2.3x
Fri, 27 Jun 2025Rp828.9tRp362.4tRp41.9t19.6x19.8x2.3x
Sun, 25 May 2025Rp877.7tRp362.2tRp41.9t21.6x21x2.4x
Tue, 22 Apr 2025Rp808.9tRp362.5tRp38.3t21.2x21.1x2.2x
Thu, 20 Mar 2025Rp816.6tRp369.7tRp36.8t21.5x22.2x2.2x
Sat, 15 Feb 2025Rp815.2tRp368.6tRp36.4t22x22.4x2.2x
Mon, 13 Jan 2025Rp843.8tRp367.2tRp38.4t18.8x21.9x2.3x
Wed, 11 Dec 2024Rp873.8tRp366.2tRp38.2t21.6x22.9x2.4x
Fri, 08 Nov 2024Rp909.9tRp368.1tRp40.3t22.5x22.6x2.5x
Sun, 06 Oct 2024Rp949.3tRp368.1tRp40.8t20.7x23.3x2.6x
Tue, 03 Sep 2024Rp938.4tRp369.0tRp41.8t19.8x22.4x2.5x
Thu, 01 Aug 2024Rp857.9tRp367.9tRp41.0t21.9x20.9x2.3x
Sat, 29 Jun 2024Rp851.2tRp367.0tRp42.5t22.3x20x2.3x
Mon, 27 May 2024Rp852.2tRp367.0tRp42.3t20.1x20.1x2.3x
Wed, 24 Apr 2024Rp860.4tRp365.5tRp41.2t25.2x20.9x2.4x
Fri, 22 Mar 2024Rp955.8tRp373.1tRp39.4t25.3x24.3x2.6x
Sun, 18 Feb 2024Rp991.2tRp373.1tRp39.4t23.3x25.2x2.7x
Tue, 16 Jan 2024Rp994.2tRp368.7tRp38.8t26.2x25.6x2.7x
Thu, 14 Dec 2023Rp971.0tRp368.4tRp40.5t26x24x2.6x
Sat, 11 Nov 2023Rp919.1tRp368.0tRp41.0t26.9x22.4x2.5x
Mon, 09 Oct 2023Rp957.2tRp368.7tRp41.3t27.6x23.2x2.6x
Wed, 06 Sep 2023Rp975.5tRp368.9tRp41.5t30.9x23.5x2.6x
Fri, 04 Aug 2023Rp954.3tRp370.0tRp42.1t25.9x22.7x2.6x
Sun, 02 Jul 2023Rp958.6tRp364.1tRp44.1t26.3x21.8x2.6x
Tue, 30 May 2023Rp945.0tRp364.3tRp44.6t25.8x21.2x2.6x
Thu, 27 Apr 2023Rp967.4tRp360.1tRp48.3t19.2x20x2.7x
Sat, 25 Mar 2023Rp926.0tRp356.9tRp55.8t18.4x16.6x2.6x
Mon, 20 Feb 2023Rp935.7tRp351.9tRp55.9t16.2x16.8x2.7x
Price to Earnings Ratio

16.8x


Total Market Cap: Rp935.7tTotal Earnings: Rp55.9tTotal Revenue: Rp351.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Sector Price to Earnings3Y Average 22.7x202420252026
Current Industry PE
  • Investors are optimistic on the Indonesian Communication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 29.3x which is higher than its 3-year average PE of 22.7x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 11% 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 Market2.19%
Telecom5.42%
Telecom Services and Carriers6.57%
Media5.21%
Wireless Telecom3.74%
Entertainment-0.31%
Interactive Media and Services-0.96%
Industry PE
  • Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio of 114x.
    • Analysts are expecting annual earnings growth of 9.2%, which is higher than its past year's earnings growth of 1.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 59% over the next 5 years.
  • This is better than its past earnings decline of 17% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 6.6% 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
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.56k8.2%
+Rp26.7t		47.1%PE16.2x
MORA Mora Telematika IndonesiaRp6.88k12.2%
+Rp17.7t		1,768.2%PE583.1x
MSIN MNC Digital EntertainmentRp466.0038.7%
+Rp7.9t		-25.4%PE62.3x
SCMA Surya Citra MediaRp308.0018.5%
+Rp3.0t		37.5%PE28.9x
ISAT Indosat Ooredoo HutchisonRp2.22k4.2%
+Rp2.9t		28.0%PE15.5x

Latest News

MSIN
Rp466.00
MNC Digital Entertainment
7D
38.7%
1Y
-25.4%
SCMA
Rp308.00
Surya Citra Media
7D
18.5%
1Y
37.5%
ISAT
Rp2,220.00
Indosat Ooredoo Hutchison
7D
4.2%
1Y
28.0%

ISAT: Future Returns Will Likely Track Fair Value With Modest Margin Support

Analysts have maintained their IDR 2,000 price target for Indosat Ooredoo Hutchison, citing slightly lower assumed revenue growth, a small improvement in profit margin, a modestly reduced discount rate, and a lower future P/E multiple as the main factors behind their updated assessment. Valuation Changes Fair Value: IDR 2,000 remains unchanged, indicating no adjustment to the central valuation level used.
TLKM
Rp3,560.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
8.2%
1Y
47.1%

TLKM: Infrastructure Spinoff And Streamlining Will Unlock Future Equity Value

Analysts have lifted their price target on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 4,000 from IDR 3,400, citing expectations that the infrastructure spinoff and streamlining efforts could help surface additional value in the business. Analyst Commentary Bullish Takeaways Bullish analysts highlight the higher price target of IDR 4,000 as a reflection of what they see as underrecognized value tied to the planned infrastructure spinoff and streamlining plans.
EXCL
Rp3,010.00
XLSMART Telecom Sejahtera
7D
3.1%
1Y
32.0%
TOWR
Rp525.00
Sarana Menara Nusantara
7D
-1.9%
1Y
-13.9%

TOWR: Share Buyback Plan Will Support A Bullish Long Term Outlook

Analysts have lifted their fair value estimate for Sarana Menara Nusantara from Rp1,095.94 to Rp1,108.45, citing updated views on discount rates, revenue growth, profit margins and future P/E assumptions. What's in the News The Board of Directors of PT Sarana Menara Nusantara Tbk.
FILM
Rp6,725.00
PT.MD Entertainment
7D
-11.5%
1Y
73.8%
CENT
Rp127.00
Centratama Telekomunikasi Indonesia
7D
-0.8%
1Y
176.1%
KETR
Rp685.00
Ketrosden Triasmitra
7D
-2.8%
1Y
298.3%
IBST
Rp4,930.00
Inti Bangun Sejahtera
7D
-10.4%
1Y
-7.0%
GOLD
Rp318.00
Visi Telekomunikasi Infrastruktur
7D
-3.0%
1Y
24.2%
LINK
Rp2,780.00
Link Net
7D
48.3%
1Y
32.4%
DNET
Rp9,075.00
Indoritel Makmur Internasional
7D
1.1%
1Y
-0.8%
MNCN
Rp240.00
PT. Media Nusantara Citra
7D
-0.8%
1Y
-4.8%
MORA
Rp6,875.00
Mora Telematika Indonesia
7D
12.2%
1Y
1,768.2%
PGJO
Rp850.00
Bahtera Bumi Raya
7D
-2.3%
1Y
602.5%