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Indonesian (IDX) Telecom Sector Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies45
  • 7D6.9%
  • 3M-0.8%
  • 1Y35.7%
  • YTD-18.7%

In the last week, the Telecom industry is up 6.9%, with Mora Telematika Indonesia up 24%. This takes the industry's 12 month performance to a gain of 36%. Earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Feb 2026Rp1126.9tRp368.3tRp40.0t22.1x28.2x3.1x
Mon, 12 Jan 2026Rp1428.0tRp367.0tRp39.1t24.6x36.5x3.9x
Wed, 10 Dec 2025Rp1373.0tRp366.7tRp39.1t24.7x35.1x3.7x
Fri, 07 Nov 2025Rp1039.4tRp363.3tRp40.5t21.3x25.7x2.9x
Sun, 05 Oct 2025Rp966.7tRp363.0tRp46.8t24.1x20.6x2.7x
Tue, 02 Sep 2025Rp935.7tRp362.8tRp46.9t26.7x20x2.6x
Thu, 31 Jul 2025Rp843.4tRp361.1tRp40.9t22x20.6x2.3x
Sat, 28 Jun 2025Rp844.1tRp362.4tRp41.9t19.6x20.1x2.3x
Mon, 26 May 2025Rp877.7tRp362.2tRp41.9t21.6x21x2.4x
Wed, 23 Apr 2025Rp808.9tRp362.5tRp38.3t21x21.1x2.2x
Fri, 21 Mar 2025Rp820.4tRp370.7tRp36.9t21.8x22.3x2.2x
Sun, 16 Feb 2025Rp815.2tRp367.5tRp35.8t22x22.8x2.2x
Tue, 14 Jan 2025Rp839.6tRp367.2tRp38.4t19x21.8x2.3x
Thu, 12 Dec 2024Rp881.0tRp366.2tRp38.2t21.8x23.1x2.4x
Sat, 09 Nov 2024Rp910.0tRp368.1tRp40.3t22.7x22.6x2.5x
Mon, 07 Oct 2024Rp949.3tRp368.0tRp40.7t20.7x23.3x2.6x
Wed, 04 Sep 2024Rp948.3tRp369.0tRp41.8t19.6x22.7x2.6x
Fri, 02 Aug 2024Rp858.0tRp369.4tRp41.5t21.7x20.7x2.3x
Sun, 30 Jun 2024Rp865.8tRp367.0tRp42.5t22.3x20.4x2.4x
Tue, 28 May 2024Rp851.8tRp367.0tRp42.3t20.7x20.1x2.3x
Thu, 25 Apr 2024Rp865.4tRp365.5tRp41.2t24.5x21x2.4x
Sat, 23 Mar 2024Rp958.3tRp373.1tRp39.4t26.3x24.4x2.6x
Mon, 19 Feb 2024Rp991.2tRp373.1tRp39.4t23.3x25.2x2.7x
Wed, 17 Jan 2024Rp995.0tRp368.7tRp38.8t27.6x25.6x2.7x
Fri, 15 Dec 2023Rp975.9tRp368.4tRp40.5t26.3x24.1x2.6x
Sun, 12 Nov 2023Rp917.0tRp368.0tRp41.0t26.9x22.4x2.5x
Tue, 10 Oct 2023Rp957.6tRp368.7tRp41.3t27.7x23.2x2.6x
Thu, 07 Sep 2023Rp977.7tRp368.9tRp41.5t31.1x23.6x2.7x
Sat, 05 Aug 2023Rp954.3tRp370.0tRp42.0t25.9x22.7x2.6x
Mon, 03 Jul 2023Rp958.6tRp364.1tRp44.1t26.3x21.8x2.6x
Wed, 31 May 2023Rp951.5tRp364.3tRp44.6t24.6x21.3x2.6x
Fri, 28 Apr 2023Rp960.0tRp360.1tRp48.3t18.9x19.9x2.7x
Sun, 26 Mar 2023Rp926.0tRp356.9tRp55.8t18.4x16.6x2.6x
Tue, 21 Feb 2023Rp945.1tRp351.9tRp55.9t16.4x16.9x2.7x
Price to Earnings Ratio

16.9x


Total Market Cap: Rp945.1tTotal 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 28.2x 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 Market3.58%
Telecom6.87%
Entertainment13.77%
Media11.81%
Telecom Services and Carriers6.13%
Wireless Telecom1.60%
Interactive Media and Services1.51%
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 55% 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 6.6% 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
MORA Mora Telematika IndonesiaRp6.88k23.9%
+Rp31.3t		1,778.4%PE583.1x
MSIN MNC Digital EntertainmentRp474.0062.3%
+Rp11.0t		-29.3%PE63.3x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.45k2.1%
+Rp6.9t		36.4%PE15.7x
SCMA Surya Citra MediaRp306.0028.6%
+Rp4.3t		36.6%PE28.7x
EMTK Elang Mahkota TeknologiRp925.008.2%
+Rp4.3t		49.2%PE7.6x

Latest News

GHON
Rp1,780.00
Gihon Telekomunikasi Indonesia
7D
-0.8%
1Y
16.3%
ISAT
Rp2,230.00
Indosat Ooredoo Hutchison
7D
3.7%
1Y
30.8%
MSIN
Rp474.00
MNC Digital Entertainment
7D
62.3%
1Y
-29.3%
SCMA
Rp306.00
Surya Citra Media
7D
28.6%
1Y
36.6%
TLKM
Rp3,450.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
2.1%
1Y
36.4%

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
Rp2,850.00
XLSMART Telecom Sejahtera
7D
-1.4%
1Y
25.0%
FILM
Rp6,650.00
PT.MD Entertainment
7D
2.7%
1Y
67.1%
EMTK
Rp925.00
Elang Mahkota Teknologi
7D
8.2%
1Y
49.2%
IBST
Rp4,940.00
Inti Bangun Sejahtera
7D
-3.1%
1Y
-6.8%
LINK
Rp2,790.00
Link Net
7D
53.3%
1Y
31.6%
MORA
Rp6,875.00
Mora Telematika Indonesia
7D
23.9%
1Y
1,778.4%