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Indonesian (IDX) Telecom Sector Analysis

UpdatedDec 07, 2025
DataAggregated Company Financials
Companies45
  • 7D13.1%
  • 3M38.9%
  • 1Y51.7%
  • YTD55.0%

Over the last 7 days, the Telecom industry has risen 13%, driven by gains from Mora Telematika Indonesia of 60%. This means that the industry has gained 52% over the past year. Earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Dec 2025Rp1332.7tRp366.7tRp39.1t23.6x34.1x3.6x
Tue, 04 Nov 2025Rp1016.0tRp362.9tRp45.1t21.6x22.5x2.8x
Thu, 02 Oct 2025Rp968.8tRp363.0tRp46.8t24.6x20.7x2.7x
Sat, 30 Aug 2025Rp965.3tRp362.8tRp46.9t25.9x20.6x2.7x
Mon, 28 Jul 2025Rp835.8tRp360.8tRp40.7t22.4x20.6x2.3x
Wed, 25 Jun 2025Rp825.8tRp362.4tRp41.9t19.4x19.7x2.3x
Fri, 23 May 2025Rp892.0tRp362.2tRp41.9t21.6x21.3x2.5x
Sun, 20 Apr 2025Rp811.5tRp362.5tRp38.3t21.4x21.2x2.2x
Tue, 18 Mar 2025Rp820.6tRp369.5tRp36.8t21.6x22.3x2.2x
Thu, 13 Feb 2025Rp800.3tRp368.6tRp36.4t20.7x22x2.2x
Sat, 11 Jan 2025Rp843.9tRp367.2tRp38.4t18.8x21.9x2.3x
Mon, 09 Dec 2024Rp867.2tRp366.2tRp38.2t22.2x22.7x2.4x
Wed, 06 Nov 2024Rp918.5tRp366.8tRp40.3t22.8x22.8x2.5x
Fri, 04 Oct 2024Rp949.3tRp368.1tRp40.8t20.9x23.3x2.6x
Sun, 01 Sep 2024Rp939.1tRp369.0tRp41.8t19.4x22.5x2.5x
Tue, 30 Jul 2024Rp871.1tRp367.3tRp41.6t21.7x20.9x2.4x
Thu, 27 Jun 2024Rp846.7tRp367.0tRp42.5t23.2x19.9x2.3x
Sat, 25 May 2024Rp852.2tRp367.0tRp42.3t20.1x20.1x2.3x
Mon, 22 Apr 2024Rp862.9tRp365.5tRp41.2t25.4x21x2.4x
Wed, 20 Mar 2024Rp965.3tRp373.1tRp39.4t25.4x24.5x2.6x
Fri, 16 Feb 2024Rp985.0tRp373.1tRp39.4t23.8x25x2.6x
Sun, 14 Jan 2024Rp995.2tRp368.7tRp38.8t27.2x25.6x2.7x
Tue, 12 Dec 2023Rp973.4tRp368.4tRp40.5t26.3x24x2.6x
Thu, 09 Nov 2023Rp907.0tRp368.0tRp41.0t25.7x22.1x2.5x
Sat, 07 Oct 2023Rp948.7tRp368.7tRp41.3t27.6x23x2.6x
Mon, 04 Sep 2023Rp968.7tRp368.9tRp41.5t30.6x23.3x2.6x
Wed, 02 Aug 2023Rp956.2tRp368.6tRp44.7t26.4x21.4x2.6x
Fri, 30 Jun 2023Rp958.6tRp364.1tRp44.1t29.3x21.8x2.6x
Sun, 28 May 2023Rp945.0tRp364.3tRp44.6t26.6x21.2x2.6x
Tue, 25 Apr 2023Rp957.0tRp360.1tRp48.3t18.9x19.8x2.7x
Thu, 23 Mar 2023Rp931.7tRp356.7tRp55.7t20.6x16.7x2.6x
Sat, 18 Feb 2023Rp935.7tRp351.9tRp55.9t16.2x16.8x2.7x
Mon, 16 Jan 2023Rp931.6tRp342.1tRp55.8t16.7x16.7x2.7x
Wed, 14 Dec 2022Rp950.3tRp341.8tRp55.9t16.9x17x2.8x
Price to Earnings Ratio

17x


Total Market Cap: Rp950.3tTotal Earnings: Rp55.9tTotal Revenue: Rp341.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Sector Price to Earnings3Y Average 21.6x202320242025
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 34.1x which is higher than its 3-year average PE of 21.6x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.6x.
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 2.4% 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 Market1.46%
Telecom13.09%
Entertainment25.56%
Telecom Services and Carriers13.88%
Media7.38%
Interactive Media and Services4.05%
Wireless Telecom3.17%
Industry PE
  • Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio of 109x.
    • Analysts are expecting annual earnings growth of 14.3%, which is higher than its past year's earnings growth of 1.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 65% over the next 5 years.
  • This is better than its past earnings growth rate of 1.2% 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
MORA Mora Telematika IndonesiaRp9.73k60.1%
+Rp86.3t		2,445.8%PE824.8x
FILM PT.MD EntertainmentRp11.00k38.8%
+Rp30.4t		195.7%PS211.7x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.70k5.4%
+Rp18.8t		34.1%PE16.8x
EMTK Elang Mahkota TeknologiRp1.35k9.8%
+Rp7.3t		133.9%PE11x
EXCL XLSMART Telecom SejahteraRp3.20k10.7%
+Rp5.3t		38.5%PS1.4x

Latest News

EXCL
Rp3,200.00
XLSMART Telecom Sejahtera
7D
10.7%
1Y
38.5%

EXCL: Cable Network Expansion And Dividend Plans Will Drive Measured 2025 Prospects

Analysts have slightly raised their price target for XLSMART Telecom Sejahtera from Rp2,849.09 to Rp2,884.76, citing adjustments in profit margin outlook and revenue growth expectations. What's in the News Issued new corporate guidance projecting revenue growth of 20% to 25% year-on-year for 2025, broadly in line with the market forecast (Corporate Guidance: New or Confirmed).
ISAT
Rp2,350.00
Indosat Ooredoo Hutchison
7D
-1.7%
1Y
-6.0%
MSIN
Rp410.00
MNC Digital Entertainment
7D
-1.4%
1Y
-57.7%
TLKM
Rp3,700.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
5.4%
1Y
34.1%

TLKM: Upcoming Shareholder Votes And Margins Will Influence 2025 Outlook

Analysts have raised their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from Rp3,558.26 to Rp3,656.96, reflecting slight improvements in projected revenue growth and profit margins. What's in the News A proposal to amend the company’s articles of association will be discussed at the Extraordinary General Meeting scheduled for December 12, 2025 (Key Developments).
LINK
Rp4,780.00
Link Net
7D
39.4%
1Y
264.9%
SCMA
Rp400.00
Surya Citra Media
7D
3.6%
1Y
181.7%
EMTK
Rp1,345.00
Elang Mahkota Teknologi
7D
9.8%
1Y
133.9%
MTEL
Rp630.00
Dayamitra Telekomunikasi
7D
3.3%
1Y
-4.5%
FILM
Rp11,000.00
PT.MD Entertainment
7D
38.8%
1Y
195.7%
DNET
Rp9,000.00
Indoritel Makmur Internasional
7D
-2.7%
1Y
-0.6%
FUTR
Rp620.00
Lini Imaji Kreasi Ekosistem
7D
-8.8%
1Y
260.5%
BMTR
Rp139.00
Global Mediacom
7D
-1.4%
1Y
-29.8%
NFCX
Rp1,620.00
NFC Indonesia
7D
-3.3%
1Y
39.1%
MORA
Rp9,725.00
Mora Telematika Indonesia
7D
60.1%
1Y
2,445.8%
IBST
Rp4,790.00
Inti Bangun Sejahtera
7D
-7.9%
1Y
-6.5%
BOLA
Rp163.00
Bali Bintang Sejahtera
7D
-3.0%
1Y
63.0%