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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJul 18, 2026
DataAggregated Company Financials
Companies16
  • 7D2.6%
  • 3M-3.4%
  • 1Y43.1%
  • YTD-32.7%

Last week, the Telecom Services and Carriers industry hasn't moved much but Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia is up 7.3% in that time. The past year has been better, since the industry has gained 41% in that time. Looking forward, earnings are forecast to grow by 9.5% annually.

Industry Valuation and Performance

Has the Indonesian Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 18 Jul 2026Rp826.0tRp192.6tRp23.4t22.8x35.2x4.3x
Mon, 15 Jun 2026Rp696.8tRp192.6tRp23.2t18.9x30x3.6x
Wed, 13 May 2026Rp739.7tRp192.5tRp28.4t23.2x26.1x3.8x
Fri, 10 Apr 2026Rp684.4tRp192.0tRp28.2t19.8x24.3x3.6x
Sun, 08 Mar 2026Rp710.7tRp191.3tRp27.1t19.8x26.2x3.7x
Tue, 03 Feb 2026Rp853.4tRp191.5tRp27.2t21.1x31.4x4.5x
Thu, 01 Jan 2026Rp949.9tRp191.5tRp27.2t23.9x35x5x
Sat, 29 Nov 2025Rp784.0tRp191.5tRp27.2t21.3x28.9x4.1x
Mon, 27 Oct 2025Rp640.6tRp191.4tRp28.9t22.8x22.2x3.3x
Wed, 24 Sep 2025Rp608.4tRp191.3tRp28.9t22.3x21.1x3.2x
Fri, 22 Aug 2025Rp617.1tRp190.9tRp28.8t21.1x21.4x3.2x
Sun, 20 Jul 2025Rp563.7tRp192.1tRp27.5t19x20.5x2.9x
Tue, 17 Jun 2025Rp608.0tRp193.9tRp28.7t18.8x21.2x3.1x
Thu, 15 May 2025Rp612.9tRp193.7tRp28.6t19.1x21.4x3.2x
Sat, 12 Apr 2025Rp559.0tRp194.3tRp26.8t19.5x20.8x2.9x
Mon, 10 Mar 2025Rp580.4tRp191.6tRp28.5t24.2x20.4x3x
Wed, 05 Feb 2025Rp554.1tRp190.7tRp28.0t25.3x19.8x2.9x
Fri, 03 Jan 2025Rp559.4tRp190.7tRp28.0t23.9x20x2.9x
Sun, 01 Dec 2024Rp554.9tRp190.7tRp28.0t23.9x19.8x2.9x
Tue, 29 Oct 2024Rp629.6tRp193.2tRp30.3t23.2x20.8x3.3x
Thu, 26 Sep 2024Rp662.4tRp193.1tRp31.4t21.9x21.1x3.4x
Sat, 24 Aug 2024Rp577.8tRp193.1tRp31.4t17.6x18.4x3x
Mon, 22 Jul 2024Rp549.9tRp190.6tRp30.9t18.8x17.8x2.9x
Wed, 19 Jun 2024Rp538.8tRp192.5tRp33.0t21.3x16.3x2.8x
Fri, 17 May 2024Rp572.0tRp192.5tRp33.0t24.8x17.3x3x
Sun, 14 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Tue, 12 Mar 2024Rp657.9tRp191.3tRp32.8t26x20x3.4x
Thu, 08 Feb 2024Rp672.8tRp191.2tRp33.1t22.1x20.4x3.5x
Sat, 06 Jan 2024Rp686.7tRp191.2tRp33.1t22.4x20.8x3.6x
Mon, 04 Dec 2023Rp671.0tRp190.9tRp33.0t20.8x20.3x3.5x
Wed, 01 Nov 2023Rp610.4tRp189.7tRp29.8t25.5x20.5x3.2x
Fri, 29 Sep 2023Rp650.3tRp189.7tRp29.8t26.9x21.8x3.4x
Sun, 27 Aug 2023Rp658.3tRp189.8tRp29.9t29.9x22x3.5x
Tue, 25 Jul 2023Rp663.8tRp188.7tRp30.7t29.6x21.6x3.5x
Price to Earnings Ratio

21.6x


Total Market Cap: Rp663.8tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.4x202420252026
Current Industry PE
  • Investors are optimistic on the Indonesian Telecom industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 34.9x which is higher than its 3-year average PE of 22.4x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 8.6% 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 industry?

ID Market3.96%
Telecom2.62%
Telecom Services and Carriers2.56%
Integrated Telecom Services3.27%
Alternative Carriers-0.70%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.5x.
    • Analysts are expecting annual earnings growth of 9.5%, which is higher than its past year's earnings growth of 3.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 9.5% over the next 5 years.
  • This is better than its past earnings growth rate of 3.8% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 9.5% 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
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp2.66k7.3%
+Rp17.8t		-4.0%PE15.8x
MORA Mora Telematika IndonesiaRp6.35k0.8%
+Rp2.4t		1,562.3%PE641.7x
TOWR Sarana Menara NusantaraRp410.0010.2%
+Rp2.2t		-28.7%PE6.2x
CENT Centratama Telekomunikasi IndonesiaRp81.009.5%
+Rp218.3b		-18.2%PS1x
KBLV First MediaRp137.0069.1%
+Rp97.6b		149.1%PE94x

Latest News

TOWR
Rp410.00
Sarana Menara Nusantara
7D
10.2%
1Y
-28.7%
Narrative Update • Jul 16

TOWR: Lower P/E Assumptions And Margin Outlook Will Shape Balanced Upside

Analysts have reduced their price target for Sarana Menara Nusantara from IDR 525 to IDR 390. They cited updated assumptions that include a lower discount rate, a slightly adjusted profit margin outlook, and a revised future P/E multiple, along with neutral changes to revenue growth expectations.
KBLV
Rp137.00
First Media
7D
69.1%
1Y
149.1%
DATA
Rp2,090.00
Remala Abadi
7D
-9.5%
1Y
37.0%
MTEL
Rp460.00
Dayamitra Telekomunikasi
7D
-1.7%
1Y
-23.3%
TLKM
Rp2,660.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
7.3%
1Y
-4.0%
Narrative Update • Jul 07

TLKM: Share Buyback Will Support Returns Despite Lower Fair Value Estimate

Analysts have reduced their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR4,500 to IDR4,150, citing revised assumptions for revenue growth, profit margins, and future P/E that are slightly lower than previous estimates. What’s in the News for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced an annual dividend of IDR 223.1659 per share, payable on July 10, 2026, with an ex date of June 18, 2026 and a record date of June 19, 2026.
MORA
Rp6,350.00
Mora Telematika Indonesia
7D
0.8%
1Y
1,562.3%
CENT
Rp81.00
Centratama Telekomunikasi Indonesia
7D
9.5%
1Y
-18.2%
BALI
Rp1,235.00
Bali Towerindo Sentra
7D
-1.6%
1Y
-28.8%
GHON
Rp1,620.00
Gihon Telekomunikasi Indonesia
7D
3.8%
1Y
1.6%
TBIG
Rp1,415.00
Tower Bersama Infrastructure
7D
-0.4%
1Y
-29.1%
KETR
Rp525.00
Ketrosden Triasmitra
7D
4.0%
1Y
159.9%
JAST
Rp84.00
PT. Jasnita Telekomindo
7D
-2.3%
1Y
25.4%
DNET
Rp9,725.00
Indoritel Makmur Internasional
7D
-0.8%
1Y
4.0%
GOLD
Rp262.00
Visi Telekomunikasi Infrastruktur
7D
7.4%
1Y
5.6%