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Indonesian (IDX) Telecom Sector Analysis

UpdatedAug 28, 2025
DataAggregated Company Financials
Companies45
  • 7D1.3%
  • 3M13.9%
  • 1Y8.5%
  • YTD12.0%

The Telecom industry is up 2.1% in the last week, with Elang Mahkota Teknologi up 26%. During this same period, the PT.MD Entertainment underperformed, falling 14%. In the last 12 months, the industry was up 8.4%. Looking forward, earnings are forecast to grow by 2.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Aug 2025Rp947.5tRp361.0tRp49.1t23.9x19.3x2.6x
Sat, 26 Jul 2025Rp833.2tRp360.8tRp40.7t22.4x20.5x2.3x
Mon, 23 Jun 2025Rp835.1tRp362.4tRp41.9t19.1x19.9x2.3x
Wed, 21 May 2025Rp880.9tRp362.2tRp41.9t21.5x21x2.4x
Fri, 18 Apr 2025Rp811.5tRp362.8tRp37.3t21.4x21.8x2.2x
Sun, 16 Mar 2025Rp829.6tRp369.4tRp36.8t22.7x22.5x2.2x
Tue, 11 Feb 2025Rp796.1tRp368.4tRp37.9t20.9x21x2.2x
Thu, 09 Jan 2025Rp843.3tRp367.2tRp38.4t19.5x21.9x2.3x
Sat, 07 Dec 2024Rp867.2tRp366.2tRp38.2t22.2x22.7x2.4x
Mon, 04 Nov 2024Rp925.5tRp366.8tRp40.3t23x23x2.5x
Wed, 02 Oct 2024Rp963.8tRp368.0tRp41.8t21.3x23x2.6x
Fri, 30 Aug 2024Rp926.7tRp369.0tRp41.8t20.3x22.2x2.5x
Sun, 28 Jul 2024Rp877.8tRp367.3tRp41.6t20.9x21.1x2.4x
Tue, 25 Jun 2024Rp850.6tRp367.0tRp42.5t22.6x20x2.3x
Thu, 23 May 2024Rp852.2tRp367.0tRp42.3t20.1x20.1x2.3x
Sat, 20 Apr 2024Rp878.0tRp364.1tRp41.5t25x21.1x2.4x
Mon, 18 Mar 2024Rp967.4tRp373.3tRp39.4t26.1x24.6x2.6x
Wed, 14 Feb 2024Rp976.9tRp372.2tRp39.2t26.5x24.9x2.6x
Fri, 12 Jan 2024Rp993.7tRp368.7tRp38.8t29.1x25.6x2.7x
Sun, 10 Dec 2023Rp971.8tRp368.4tRp40.5t26.7x24x2.6x
Tue, 07 Nov 2023Rp919.1tRp368.0tRp41.0t26.3x22.4x2.5x
Thu, 05 Oct 2023Rp957.5tRp368.8tRp41.4t27.8x23.1x2.6x
Sat, 02 Sep 2023Rp973.1tRp368.9tRp41.5t30.6x23.4x2.6x
Mon, 31 Jul 2023Rp933.6tRp364.7tRp43.2t26.3x21.6x2.6x
Wed, 28 Jun 2023Rp958.6tRp364.1tRp44.1t29.3x21.8x2.6x
Fri, 26 May 2023Rp932.6tRp364.3tRp44.6t27x20.9x2.6x
Sun, 23 Apr 2023Rp957.0tRp360.1tRp48.3t18.9x19.8x2.7x
Tue, 21 Mar 2023Rp916.1tRp356.7tRp55.7t20.4x16.4x2.6x
Thu, 16 Feb 2023Rp936.1tRp351.9tRp55.9t16.2x16.8x2.7x
Sat, 14 Jan 2023Rp931.6tRp342.1tRp55.8t16.7x16.7x2.7x
Mon, 12 Dec 2022Rp942.6tRp341.8tRp55.9t16.9x16.9x2.8x
Wed, 09 Nov 2022Rp1062.9tRp336.4tRp53.3t20.8x19.9x3.2x
Fri, 07 Oct 2022Rp1101.9tRp334.7tRp53.6t19.8x20.6x3.3x
Sun, 04 Sep 2022Rp1139.5tRp334.3tRp54.0t20.1x21.1x3.4x
Price to Earnings Ratio

21.1x


Total Market Cap: Rp1139.5tTotal Earnings: Rp54.0tTotal Revenue: Rp334.3tTotal 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 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 3.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% 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 Market0.64%
Telecom1.29%
Media15.09%
Telecom Services and Carriers1.26%
Interactive Media and Services-0.76%
Wireless Telecom-6.08%
Entertainment-9.17%
Industry PE
  • Investors are most optimistic about the Interactive Media and Services industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Media industry, which is trading below its 3-year average of 23.0x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 5.5% per year.
  • In contrast, the Media industry is expected to see its earnings decline by 30% 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
EMTK Elang Mahkota TeknologiRp1.29k18.9%
+Rp12.5t		222.5%PE14.2x
DNET Indoritel Makmur InternasionalRp9.73k4.3%
+Rp5.7t		88.8%PE118.1x
SCMA Surya Citra MediaRp336.0019.1%
+Rp3.4t		171.0%PE36.3x
DATA Remala AbadiRp4.56k93.2%
+Rp3.0t		760.4%PE58.3x
LINK Link NetRp3.45k22.8%
+Rp1.8t		95.5%PS3.4x

Latest News

EXCL
Rp2,760.00
XLSMART Telecom Sejahtera
7D
-6.4%
1Y
23.2%
TLKM
Rp3,170.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-1.6%
1Y
6.4%
MTEL
Rp615.00
Dayamitra Telekomunikasi
7D
-1.6%
1Y
-8.9%
TOWR
Rp650.00
Sarana Menara Nusantara
7D
4.0%
1Y
-21.7%
DNET
Rp9,725.00
Indoritel Makmur Internasional
7D
4.3%
1Y
88.8%
FILM
Rp2,960.00
PT.MD Entertainment
7D
-22.1%
1Y
-37.7%
NETV
Rp135.00
MDTV Media Technologies
7D
-1.5%
1Y
-24.2%
ISAT
Rp2,080.00
Indosat Ooredoo Hutchison
7D
-5.9%
1Y
-21.9%
VERN
Rp138.00
Verona Indah Pictures
7D
-6.8%
1Y
n/a
WIFI
Rp3,050.00
Solusi Sinergi Digital
7D
10.5%
1Y
997.1%
DATA
Rp4,560.00
Remala Abadi
7D
93.2%
1Y
760.4%
EMTK
Rp1,290.00
Elang Mahkota Teknologi
7D
18.9%
1Y
222.5%
CENT
Rp127.00
Centratama Telekomunikasi Indonesia
7D
-5.9%
1Y
225.6%
LINK
Rp3,450.00
Link Net
7D
22.8%
1Y
95.5%
SCMA
Rp336.00
Surya Citra Media
7D
19.1%
1Y
171.0%
IBST
Rp6,100.00
Inti Bangun Sejahtera
7D
17.3%
1Y
15.1%