Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indonesian (IDX) Telecom Sector Analysis

UpdatedJul 13, 2025
DataAggregated Company Financials
Companies45
  • 7D1.7%
  • 3M11.1%
  • 1Y-6.1%
  • YTD-6.0%

In the last week, the Telecom industry is up 1.7%, with Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia up 3.8%. In contrast, the industry has lost 6.1% in the last 12 months. Looking forward, earnings are forecast to grow by 5.8% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 14 Jul 2025Rp804.4tRp360.8tRp40.6t18.4x19.8x2.2x
Wed, 11 Jun 2025Rp893.0tRp362.4tRp41.9t21.3x21.3x2.5x
Fri, 09 May 2025Rp859.5tRp361.6tRp42.2t21.5x20.4x2.4x
Sun, 06 Apr 2025Rp804.7tRp374.9tRp35.8t21.3x22.5x2.1x
Tue, 04 Mar 2025Rp843.8tRp369.3tRp36.8t22.7x22.9x2.3x
Thu, 30 Jan 2025Rp848.8tRp367.9tRp37.7t20x22.5x2.3x
Sat, 28 Dec 2024Rp849.8tRp367.2tRp38.5t22.2x22.1x2.3x
Mon, 25 Nov 2024Rp900.7tRp368.0tRp39.3t23x22.9x2.4x
Wed, 23 Oct 2024Rp961.4tRp368.3tRp40.8t21.3x23.6x2.6x
Fri, 20 Sep 2024Rp989.3tRp368.9tRp41.7t20.9x23.7x2.7x
Sun, 18 Aug 2024Rp904.9tRp368.6tRp41.8t18.2x21.7x2.5x
Tue, 16 Jul 2024Rp895.0tRp367.0tRp41.5t22.1x21.6x2.4x
Thu, 13 Jun 2024Rp831.3tRp367.0tRp42.5t21.6x19.6x2.3x
Sat, 11 May 2024Rp866.9tRp365.5tRp42.0t22.3x20.6x2.4x
Mon, 08 Apr 2024Rp865.2tRp362.2tRp40.4t26.3x21.4x2.4x
Wed, 06 Mar 2024Rp966.4tRp373.1tRp39.4t26.1x24.5x2.6x
Fri, 02 Feb 2024Rp992.3tRp368.7tRp38.8t26.4x25.5x2.7x
Sun, 31 Dec 2023Rp978.7tRp368.4tRp40.5t26.1x24.2x2.7x
Tue, 28 Nov 2023Rp954.1tRp368.6tRp41.0t27.2x23.3x2.6x
Thu, 26 Oct 2023Rp929.8tRp368.8tRp41.2t26.3x22.5x2.5x
Sat, 23 Sep 2023Rp957.1tRp368.8tRp41.4t28.5x23.1x2.6x
Mon, 21 Aug 2023Rp974.3tRp368.8tRp41.5t30.3x23.5x2.6x
Wed, 19 Jul 2023Rp950.0tRp364.1tRp44.1t26.4x21.6x2.6x
Fri, 16 Jun 2023Rp955.6tRp364.2tRp44.6t26.4x21.4x2.6x
Sun, 14 May 2023Rp929.2tRp364.6tRp44.5t20.3x20.9x2.5x
Tue, 11 Apr 2023Rp952.4tRp359.9tRp47.5t17.2x20.1x2.6x
Thu, 09 Mar 2023Rp937.4tRp356.4tRp55.8t17x16.8x2.6x
Sat, 04 Feb 2023Rp953.9tRp351.9tRp55.9t16.4x17.1x2.7x
Mon, 02 Jan 2023Rp950.8tRp342.1tRp55.8t16.4x17x2.8x
Wed, 30 Nov 2022Rp1005.2tRp341.6tRp54.9t18.7x18.3x2.9x
Fri, 28 Oct 2022Rp1069.3tRp334.7tRp53.6t18.9x19.9x3.2x
Sun, 25 Sep 2022Rp1111.9tRp334.7tRp53.6t22.5x20.7x3.3x
Tue, 23 Aug 2022Rp1144.0tRp332.8tRp53.9t21.2x21.2x3.4x
Thu, 21 Jul 2022Rp1062.1tRp321.8tRp58.1t18x18.3x3.3x
Price to Earnings Ratio

18.3x


Total Market Cap: Rp1062.1tTotal Earnings: Rp58.1tTotal Revenue: Rp321.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Sector Price to Earnings3Y Average 21.3x202320242025
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 21.3x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 11% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.9% per year.
  • This means that although more sales are being generated, 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 Market2.33%
Telecom1.70%
Media4.46%
Interactive Media and Services3.42%
Telecom Services and Carriers1.95%
Wireless Telecom0.13%
Entertainment-0.43%
Industry PE
  • Investors are most optimistic about the Entertainment industry, which is trading close to its 3-year average PE ratio of 118x.
    • Analysts are expecting annual earnings growth of 20.1%, which is higher than its past year's earnings decline of 58.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 59% per year.
  • In contrast, the Media industry is expected to see its earnings decline by 29% 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 IndonesiaRp2.73k3.8%
+Rp9.9t		-15.2%PE11.6x
MTEL Dayamitra TelekomunikasiRp555.005.7%
+Rp2.4t		-17.8%PE21.4x
TOWR Sarana Menara NusantaraRp545.004.8%
+Rp1.3t		-32.7%PE8.2x
EMTK Elang Mahkota TeknologiRp490.003.8%
+Rp1.1t		12.9%PE6.2x
TBIG Tower Bersama InfrastructureRp2.04k2.0%
+Rp892.7b		2.0%PE31.9x

Latest News

MTEL
Rp555.00
Dayamitra Telekomunikasi
7D
5.7%
1Y
-17.8%
TBIG
Rp2,040.00
Tower Bersama Infrastructure
7D
2.0%
1Y
2.0%
TOWR
Rp545.00
Sarana Menara Nusantara
7D
4.8%
1Y
-32.7%
DNET
Rp9,500.00
Indoritel Makmur Internasional
7D
-2.6%
1Y
91.1%
FILM
Rp2,040.00
PT.MD Entertainment
7D
-1.4%
1Y
-51.4%
TLKM
Rp2,730.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
3.8%
1Y
-15.2%
FORU
Rp1,245.00
Fortune Indonesia
7D
-5.7%
1Y
-19.9%
RAAM
Rp266.00
Tripar Multivision Plus
7D
-6.3%
1Y
-46.4%
MSIN
Rp505.00
MNC Digital Entertainment
7D
-1.0%
1Y
-9.5%
EXCL
Rp2,290.00
XLSMART Telecom Sejahtera
7D
-0.4%
1Y
0.4%
EMTK
Rp490.00
Elang Mahkota Teknologi
7D
3.8%
1Y
12.9%
BALI
Rp1,490.00
Bali Towerindo Sentra
7D
-7.5%
1Y
61.1%
MORA
Rp404.00
Mora Telematika Indonesia
7D
-4.7%
1Y
-10.2%
CENT
Rp107.00
Centratama Telekomunikasi Indonesia
7D
11.5%
1Y
197.2%
SCMA
Rp158.00
Surya Citra Media
7D
6.8%
1Y
8.2%
CNMA
Rp159.00
Nusantara Sejahtera Raya
7D
3.2%
1Y
-28.4%