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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJul 07, 2026
DataAggregated Company Financials
Companies16
  • 7D-5.2%
  • 3M8.7%
  • 1Y46.0%
  • YTD-33.3%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 5.2%, driven by a pullback from Mora Telematika Indonesia of 3.6%. In contrast, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia has gained 5.5%. Over the past 12 months, the industry was up 46%. As for the next few years, earnings are expected to grow by 9.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Jul 2026Rp818.6tRp192.6tRp23.4t22.9x34.9x4.2x
Fri, 05 Jun 2026Rp694.5tRp192.6tRp23.2t18.9x29.9x3.6x
Sun, 03 May 2026Rp663.5tRp192.4tRp28.3t22.3x23.5x3.4x
Tue, 31 Mar 2026Rp668.6tRp191.7tRp27.4t20.2x24.4x3.5x
Thu, 26 Feb 2026Rp779.8tRp191.3tRp27.1t21x28.8x4.1x
Sat, 24 Jan 2026Rp1014.8tRp191.5tRp27.2t22.5x37.4x5.3x
Mon, 22 Dec 2025Rp879.1tRp191.5tRp27.2t22.5x32.4x4.6x
Wed, 19 Nov 2025Rp786.3tRp191.5tRp27.2t22x29x4.1x
Fri, 17 Oct 2025Rp613.2tRp191.3tRp28.9t21.6x21.2x3.2x
Sun, 14 Sep 2025Rp600.5tRp191.1tRp28.8t22.1x20.9x3.1x
Tue, 12 Aug 2025Rp589.3tRp190.9tRp28.8t21.5x20.5x3.1x
Thu, 10 Jul 2025Rp593.4tRp193.9tRp28.6t18.4x20.8x3.1x
Sat, 07 Jun 2025Rp629.4tRp193.9tRp28.7t18.7x21.9x3.2x
Mon, 05 May 2025Rp612.9tRp193.2tRp28.7t19.4x21.4x3.2x
Wed, 02 Apr 2025Rp566.2tRp194.4tRp26.8t21.9x21.1x2.9x
Fri, 28 Feb 2025Rp588.8tRp191.4tRp28.4t24.7x20.7x3.1x
Sun, 26 Jan 2025Rp564.3tRp190.7tRp28.0t26.2x20.2x3x
Tue, 24 Dec 2024Rp548.4tRp190.7tRp28.0t22.4x19.6x2.9x
Thu, 21 Nov 2024Rp598.6tRp192.6tRp29.1t23x20.6x3.1x
Sat, 19 Oct 2024Rp642.4tRp193.2tRp30.4t23.3x21.2x3.3x
Mon, 16 Sep 2024Rp662.1tRp193.1tRp31.4t22.2x21.1x3.4x
Wed, 14 Aug 2024Rp570.0tRp193.1tRp31.4t17.5x18.2x3x
Fri, 12 Jul 2024Rp596.0tRp192.5tRp32.0t21.9x18.6x3.1x
Sun, 09 Jun 2024Rp576.8tRp192.5tRp33.0t25.2x17.5x3x
Tue, 07 May 2024Rp578.0tRp192.4tRp33.0t24.3x17.5x3x
Thu, 04 Apr 2024Rp566.9tRp188.6tRp32.3t25.2x17.5x3x
Sat, 02 Mar 2024Rp666.4tRp191.1tRp32.8t24.5x20.3x3.5x
Mon, 29 Jan 2024Rp677.9tRp191.2tRp33.1t23.1x20.5x3.5x
Wed, 27 Dec 2023Rp689.5tRp191.1tRp33.0t23.1x20.9x3.6x
Fri, 24 Nov 2023Rp647.6tRp190.9tRp33.2t20.8x19.5x3.4x
Sun, 22 Oct 2023Rp636.2tRp189.7tRp29.8t24.1x21.4x3.4x
Tue, 19 Sep 2023Rp651.9tRp189.8tRp29.9t28.8x21.8x3.4x
Thu, 17 Aug 2023Rp666.2tRp189.8tRp29.9t30.2x22.3x3.5x
Sat, 15 Jul 2023Rp665.3tRp188.7tRp30.7t29.1x21.7x3.5x
Price to Earnings Ratio

21.7x


Total Market Cap: Rp665.3tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.2x202420252026
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 22.2x.
  • 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 Market1.71%
Telecom-3.43%
Telecom Services and Carriers-5.24%
Integrated Telecom Services-4.27%
Alternative Carriers-9.75%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.4x.
    • Analysts are expecting annual earnings growth of 9.9%, 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 9.9% 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 9.9% 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 IndonesiaRp2.48k5.5%
+Rp12.9t		-6.4%PE14.8x
TOWR Sarana Menara NusantaraRp374.002.7%
+Rp581.1b		-30.1%PE5.7x
BALI Bali Towerindo SentraRp1.27k5.8%
+Rp275.4b		-15.6%PE27x
LINK Link NetRp1.44k4.7%
+Rp179.0b		-7.4%PS1.3x
CENT Centratama Telekomunikasi IndonesiaRp75.005.6%
+Rp124.7b		-29.9%PS0.9x

Latest News

TLKM
Rp2,480.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
5.5%
1Y
-6.4%
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
Rp6,650.00
Mora Telematika Indonesia
7D
-3.6%
1Y
1,468.4%
MTEL
Rp496.00
Dayamitra Telekomunikasi
7D
-8.1%
1Y
-8.1%
TOWR
Rp374.00
Sarana Menara Nusantara
7D
2.7%
1Y
-30.1%
Narrative Update • Jul 02

TOWR: Extraordinary Meeting And Stronger Margins Will Support Future Upside

The latest analyst narrative on Sarana Menara Nusantara reflects a lower indicative fair value, shifting from around IDR 785.5 to about IDR 684.62. Analysts are factoring in a higher discount rate, more moderate revenue growth expectations, slightly stronger profit margins, and a lower assumed future P/E multiple.
CENT
Rp75.00
Centratama Telekomunikasi Indonesia
7D
5.6%
1Y
-29.9%
LINK
Rp1,435.00
Link Net
7D
4.7%
1Y
-7.4%
BALI
Rp1,270.00
Bali Towerindo Sentra
7D
5.8%
1Y
-15.6%
DATA
Rp2,020.00
Remala Abadi
7D
1.8%
1Y
56.6%
GHON
Rp1,600.00
Gihon Telekomunikasi Indonesia
7D
4.2%
1Y
2.6%
TBIG
Rp1,405.00
Tower Bersama Infrastructure
7D
-0.7%
1Y
-29.8%
KETR
Rp515.00
Ketrosden Triasmitra
7D
5.5%
1Y
158.8%
DNET
Rp9,600.00
Indoritel Makmur Internasional
7D
-2.0%
1Y
2.9%