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Indonesian (IDX) Telecom Sector Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies44
  • 7D1.7%
  • 3M-31.2%
  • 1Y28.5%
  • YTD-29.3%

Over the last 7 days, the Telecom industry has remained flat, although notably MNC Digital Entertainment gained 66%. As for the the longer term, the industry is up 28% over the past 12 months. 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
Tue, 07 Apr 2026Rp982.9tRp372.7tRp39.8t21.4x24.7x2.6x
Thu, 05 Mar 2026Rp1022.2tRp371.0tRp37.6t20.1x27.2x2.8x
Sat, 31 Jan 2026Rp1337.6tRp367.0tRp39.1t22.1x34.2x3.6x
Mon, 29 Dec 2025Rp1327.6tRp367.0tRp39.1t24.4x34x3.6x
Wed, 26 Nov 2025Rp1175.7tRp366.7tRp39.1t22.5x30.1x3.2x
Fri, 24 Oct 2025Rp974.7tRp363.0tRp46.9t23.6x20.8x2.7x
Sun, 21 Sep 2025Rp961.7tRp363.0tRp46.8t26.1x20.5x2.6x
Tue, 19 Aug 2025Rp919.7tRp360.7tRp49.0t21.1x18.8x2.5x
Thu, 17 Jul 2025Rp797.9tRp360.8tRp40.6t18.7x19.6x2.2x
Sat, 14 Jun 2025Rp874.9tRp362.4tRp41.9t20.4x20.9x2.4x
Mon, 12 May 2025Rp861.7tRp361.9tRp42.0t21.1x20.5x2.4x
Wed, 09 Apr 2025Rp759.1tRp374.9tRp35.8t18.6x21.2x2x
Fri, 07 Mar 2025Rp831.8tRp369.5tRp36.8t22.7x22.6x2.3x
Sun, 02 Feb 2025Rp840.3tRp367.9tRp37.7t19.8x22.3x2.3x
Tue, 31 Dec 2024Rp851.3tRp367.2tRp38.5t21.9x22.1x2.3x
Thu, 28 Nov 2024Rp898.5tRp368.0tRp39.3t23.1x22.9x2.4x
Sat, 26 Oct 2024Rp950.7tRp368.2tRp40.7t21.7x23.3x2.6x
Mon, 23 Sep 2024Rp982.9tRp368.9tRp41.7t20.9x23.6x2.7x
Wed, 21 Aug 2024Rp921.8tRp369.0tRp41.8t18.4x22x2.5x
Fri, 19 Jul 2024Rp856.7tRp365.1tRp40.4t21x21.2x2.3x
Sun, 16 Jun 2024Rp810.9tRp367.0tRp42.5t20.6x19.1x2.2x
Tue, 14 May 2024Rp866.9tRp365.1tRp42.0t21.2x20.6x2.4x
Thu, 11 Apr 2024Rp865.2tRp362.2tRp40.4t26.3x21.4x2.4x
Sat, 09 Mar 2024Rp964.0tRp373.3tRp39.4t25.9x24.5x2.6x
Mon, 05 Feb 2024Rp989.4tRp370.8tRp38.8t26.5x25.5x2.7x
Wed, 03 Jan 2024Rp984.0tRp368.4tRp40.5t25.7x24.3x2.7x
Fri, 01 Dec 2023Rp969.5tRp368.7tRp41.0t27.3x23.6x2.6x
Sun, 29 Oct 2023Rp906.5tRp368.7tRp41.2t26.4x22x2.5x
Tue, 26 Sep 2023Rp965.1tRp368.8tRp41.4t28x23.3x2.6x
Thu, 24 Aug 2023Rp975.2tRp368.9tRp41.5t30.8x23.5x2.6x
Sat, 22 Jul 2023Rp949.5tRp364.1tRp44.1t26.5x21.6x2.6x
Mon, 19 Jun 2023Rp959.2tRp364.2tRp44.5t26.2x21.5x2.6x
Wed, 17 May 2023Rp930.3tRp364.3tRp44.2t23.8x21.1x2.6x
Fri, 14 Apr 2023Rp961.8tRp360.0tRp46.9t18.5x20.5x2.7x
Price to Earnings Ratio

20.5x


Total Market Cap: Rp961.8tTotal Earnings: Rp46.9tTotal 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 5.8% 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-2.61%
Telecom1.65%
Entertainment29.26%
Telecom Services and Carriers-0.58%
Wireless Telecom-0.59%
Media-2.69%
Interactive Media and Services-5.30%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 27.6x.
    • Analysts are expecting annual earnings growth of 46.6%, 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 EntertainmentRp970.0065.8%
+Rp23.4t		73.2%PE60.4x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.16k3.9%
+Rp11.9t		31.1%PE14.4x
EXCL XLSMART Telecom SejahteraRp2.90k1.8%
+Rp910.0b		27.2%PS1.2x
DNET Indoritel Makmur InternasionalRp9.13k0.6%
+Rp709.2b		-0.8%PE111x
IBST Inti Bangun SejahteraRp4.90k8.9%
+Rp540.4b		-0.8%PE16.1x

Latest News

EXCL
Rp2,900.00
XLSMART Telecom Sejahtera
7D
1.8%
1Y
27.2%
IBST
Rp4,900.00
Inti Bangun Sejahtera
7D
8.9%
1Y
-0.8%
DATA
Rp1,855.00
Remala Abadi
7D
-47.5%
1Y
76.7%
MNCN
Rp232.00
PT. Media Nusantara Citra
7D
11.5%
1Y
-7.9%
MSIN
Rp970.00
MNC Digital Entertainment
7D
65.8%
1Y
73.2%
FILM
Rp3,020.00
PT.MD Entertainment
7D
-1.0%
1Y
6.3%
MORA
Rp3,800.00
Mora Telematika Indonesia
7D
-13.2%
1Y
817.9%
CENT
Rp93.00
Centratama Telekomunikasi Indonesia
7D
-7.0%
1Y
111.4%
WIFI
Rp2,140.00
Solusi Sinergi Digital
7D
-1.4%
1Y
18.9%
EMTK
Rp740.00
Elang Mahkota Teknologi
7D
-7.5%
1Y
35.8%
SCMA
Rp260.00
Surya Citra Media
7D
1.6%
1Y
30.0%
ISAT
Rp2,030.00
Indosat Ooredoo Hutchison
7D
-2.4%
1Y
39.5%

ISAT: Higher Margin Assumptions Will Support Future Upside Potential

Analysts have nudged their price target for Indosat Ooredoo Hutchison slightly higher to IDR 2,739 from IDR 2,730, citing updated assumptions around revenue growth, profit margins and future P/E. Together, these factors point to a modest adjustment in fair value rather than a major shift in the outlook.
TLKM
Rp3,160.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
3.9%
1Y
31.1%

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.
LINK
Rp1,890.00
Link Net
7D
4.1%
1Y
5.9%
MTEL
Rp520.00
Dayamitra Telekomunikasi
7D
-1.9%
1Y
-8.0%
DNET
Rp9,125.00
Indoritel Makmur Internasional
7D
0.6%
1Y
-0.8%