Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.6%
  • 3M-5.3%
  • 1Y46.6%
  • YTD-18.6%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 3.6%, driven by a pullback from Mora Telematika Indonesia of 16%. In the past year, the industry has gained 47%. Looking forward, earnings are forecast to grow by 6.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026Rp765.2tRp191.3tRp27.1t20.2x28.2x4x
Wed, 28 Jan 2026Rp1055.1tRp191.5tRp27.2t22.5x38.9x5.5x
Fri, 26 Dec 2025Rp890.1tRp191.5tRp27.2t24.2x32.8x4.6x
Sun, 23 Nov 2025Rp773.4tRp191.5tRp27.2t22x28.5x4x
Tue, 21 Oct 2025Rp592.5tRp191.3tRp28.9t22.8x20.5x3.1x
Thu, 18 Sep 2025Rp623.7tRp191.3tRp28.9t22.9x21.6x3.3x
Sat, 16 Aug 2025Rp634.1tRp190.9tRp28.8t21.1x22x3.3x
Mon, 14 Jul 2025Rp556.7tRp192.1tRp27.5t18.1x20.3x2.9x
Wed, 11 Jun 2025Rp634.8tRp193.9tRp28.7t19.4x22.1x3.3x
Fri, 09 May 2025Rp608.0tRp193.5tRp28.8t19.4x21.1x3.1x
Sun, 06 Apr 2025Rp566.2tRp194.3tRp26.9t20.8x21.1x2.9x
Tue, 04 Mar 2025Rp580.5tRp191.4tRp28.4t25.2x20.4x3x
Thu, 30 Jan 2025Rp564.3tRp190.7tRp28.0t26.2x20.2x3x
Sat, 28 Dec 2024Rp564.1tRp190.7tRp28.0t23.7x20.1x3x
Mon, 25 Nov 2024Rp607.9tRp192.6tRp29.1t23.5x20.9x3.2x
Wed, 23 Oct 2024Rp641.4tRp193.2tRp30.4t23.3x21.1x3.3x
Fri, 20 Sep 2024Rp658.0tRp193.1tRp31.4t23.2x21x3.4x
Sun, 18 Aug 2024Rp581.1tRp193.1tRp31.4t17.7x18.5x3x
Tue, 16 Jul 2024Rp603.3tRp192.5tRp32.0t21.8x18.8x3.1x
Thu, 13 Jun 2024Rp555.7tRp192.5tRp33.0t24x16.8x2.9x
Sat, 11 May 2024Rp571.2tRp192.5tRp33.0t23.2x17.3x3x
Mon, 08 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Wed, 06 Mar 2024Rp660.4tRp191.1tRp32.8t22.7x20.1x3.5x
Fri, 02 Feb 2024Rp683.8tRp191.2tRp33.1t21.5x20.7x3.6x
Sun, 31 Dec 2023Rp685.6tRp191.2tRp33.1t20.8x20.7x3.6x
Tue, 28 Nov 2023Rp655.6tRp190.9tRp33.2t21.4x19.8x3.4x
Thu, 26 Oct 2023Rp639.2tRp189.7tRp29.8t24.5x21.5x3.4x
Sat, 23 Sep 2023Rp660.3tRp189.7tRp29.8t26.4x22.2x3.5x
Mon, 21 Aug 2023Rp659.4tRp189.8tRp29.9t30.3x22.1x3.5x
Wed, 19 Jul 2023Rp656.9tRp188.7tRp30.7t28.9x21.4x3.5x
Fri, 16 Jun 2023Rp671.5tRp188.7tRp30.7t29.8x21.9x3.6x
Sun, 14 May 2023Rp669.7tRp188.7tRp31.0t25.1x21.6x3.5x
Tue, 11 Apr 2023Rp698.9tRp187.1tRp29.3t26x23.8x3.7x
Thu, 09 Mar 2023Rp677.0tRp185.2tRp31.4t21.9x21.5x3.7x
Price to Earnings Ratio

21.5x


Total Market Cap: Rp677.0tTotal Earnings: Rp31.4tTotal Revenue: Rp185.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.7x202420252026
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 28.2x which is higher than its 3-year average PE of 21.7x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 4.8% 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 industry?

ID Market-0.88%
Telecom-1.37%
Telecom Services and Carriers-3.57%
Alternative Carriers-0.66%
Integrated Telecom Services-4.17%
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 6.6%, which is higher than its past year's earnings growth of 1.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 6.6% over the next 5 years.
  • This is better than its past earnings growth rate of 1.7% per year.
  • In contrast, the Integrated Telecom Services 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
GHON Gihon Telekomunikasi IndonesiaRp1.80k0.3%
+Rp2.8b		16.5%PE11.6x

Latest News

TLKM
Rp3,450.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-2.8%
1Y
43.8%

TLKM: Governance Changes And Share Buybacks Will Shape Fairly Valued Outlook

Analysts have slightly raised their IDR fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 3,106.86 to IDR 3,167.87, citing updated assumptions around revenue growth, profit margins, discount rate and future P/E levels. What's in the News The company approved amendments to its Articles of Association at an Extraordinary General Meeting held on December 12, 2025, signaling changes to its formal governance framework (Key Developments).
TOWR
Rp500.00
Sarana Menara Nusantara
7D
-3.8%
1Y
-9.9%

TOWR: Share Buyback Plan Will Support A Higher Future Market Rating

Analysts have adjusted their price target on Sarana Menara Nusantara to reflect updated assumptions on discount rate, revenue growth, profit margin, and future P/E. This has resulted in a revised fair value estimate of IDR 1,108.45.
GHON
Rp1,800.00
Gihon Telekomunikasi Indonesia
7D
0.3%
1Y
16.5%
TBIG
Rp1,690.00
Tower Bersama Infrastructure
7D
-3.2%
1Y
-23.2%
CENT
Rp115.00
Centratama Telekomunikasi Indonesia
7D
-12.9%
1Y
219.4%
IBST
Rp4,550.00
Inti Bangun Sejahtera
7D
-7.9%
1Y
-14.2%
MTEL
Rp525.00
Dayamitra Telekomunikasi
7D
-2.8%
1Y
-19.2%
DNET
Rp8,925.00
Indoritel Makmur Internasional
7D
-1.1%
1Y
-2.7%
MORA
Rp6,100.00
Mora Telematika Indonesia
7D
-14.1%
1Y
1,464.1%