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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.0%
  • 3M-28.8%
  • 1Y26.9%
  • YTD-24.7%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.5%, driven by Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia declining 2.9%. In contrast, Inti Bangun Sejahtera has gained 32%. This takes the industry's 12 month performance to a gain of 28%. Looking forward, earnings are forecast to grow by 6.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Apr 2026Rp707.7tRp192.3tRp28.3t24.2x25x3.7x
Sat, 21 Mar 2026Rp671.2tRp191.7tRp27.4t20.1x24.5x3.5x
Mon, 16 Feb 2026Rp778.9tRp191.5tRp27.2t21.2x28.7x4.1x
Wed, 14 Jan 2026Rp961.1tRp191.5tRp27.2t23.1x35.4x5x
Fri, 12 Dec 2025Rp927.8tRp191.5tRp27.2t26.5x34.2x4.8x
Sun, 09 Nov 2025Rp687.0tRp191.2tRp26.9t21.1x25.5x3.6x
Tue, 07 Oct 2025Rp588.9tRp191.3tRp28.9t22.3x20.4x3.1x
Thu, 04 Sep 2025Rp606.0tRp191.2tRp28.9t22.7x21x3.2x
Sat, 02 Aug 2025Rp580.5tRp192.3tRp28.9t21.5x20.1x3x
Mon, 30 Jun 2025Rp603.6tRp193.9tRp28.7t17.8x21x3.1x
Wed, 28 May 2025Rp635.9tRp193.7tRp28.6t19.5x22.2x3.3x
Fri, 25 Apr 2025Rp600.0tRp194.2tRp27.9t19.2x21.5x3.1x
Sun, 23 Mar 2025Rp555.3tRp191.6tRp28.5t21.3x19.5x2.9x
Tue, 18 Feb 2025Rp557.2tRp189.6tRp27.3t24.6x20.4x2.9x
Thu, 16 Jan 2025Rp554.9tRp190.7tRp28.0t24x19.8x2.9x
Sat, 14 Dec 2024Rp568.0tRp190.7tRp28.0t24.1x20.3x3x
Mon, 11 Nov 2024Rp605.2tRp192.7tRp29.5t22.7x20.5x3.1x
Wed, 09 Oct 2024Rp636.5tRp193.2tRp30.4t23.6x21x3.3x
Fri, 06 Sep 2024Rp643.3tRp193.1tRp31.4t18.2x20.5x3.3x
Sun, 04 Aug 2024Rp572.5tRp193.1tRp31.5t18.7x18.2x3x
Tue, 02 Jul 2024Rp580.2tRp192.5tRp33.0t24.3x17.6x3x
Thu, 30 May 2024Rp547.7tRp192.5tRp33.0t24.8x16.6x2.8x
Sat, 27 Apr 2024Rp567.6tRp192.1tRp33.1t24.4x17.2x3x
Mon, 25 Mar 2024Rp658.7tRp191.0tRp32.8t25.8x20.1x3.4x
Wed, 21 Feb 2024Rp696.0tRp191.1tRp32.8t23.4x21.2x3.6x
Fri, 19 Jan 2024Rp676.6tRp191.2tRp33.1t24x20.5x3.5x
Sun, 17 Dec 2023Rp689.9tRp191.1tRp33.0t20.8x20.9x3.6x
Tue, 14 Nov 2023Rp635.4tRp190.9tRp33.2t21.7x19.1x3.3x
Thu, 12 Oct 2023Rp654.6tRp189.7tRp29.8t25.5x22x3.5x
Sat, 09 Sep 2023Rp663.2tRp189.8tRp29.9t29.5x22.2x3.5x
Mon, 07 Aug 2023Rp643.3tRp189.8tRp29.9t29.2x21.5x3.4x
Wed, 05 Jul 2023Rp672.4tRp188.7tRp30.7t29.3x21.9x3.6x
Fri, 02 Jun 2023Rp675.9tRp188.7tRp30.7t29.4x22x3.6x
Sun, 30 Apr 2023Rp702.5tRp188.0tRp31.1t25.4x22.6x3.7x
Price to Earnings Ratio

22.6x


Total Market Cap: Rp702.5tTotal Earnings: Rp31.1tTotal Revenue: Rp188.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.8x202420252026
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 24.8x which is higher than its 3-year average PE of 21.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 3.1% 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-1.65%
Telecom-1.19%
Telecom Services and Carriers-0.97%
Alternative Carriers0.70%
Integrated Telecom Services-1.37%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 18.3x.
    • Analysts are expecting annual earnings growth of 6.8%, which is higher than its past year's earnings growth of 4.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 6.8% over the next 5 years.
  • This is better than its past earnings growth rate of 4.8% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 6.8% 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
IBST Inti Bangun SejahteraRp8.48k32.4%
+Rp2.8t		57.7%PE27.8x
TBIG Tower Bersama InfrastructureRp1.81k2.8%
+Rp1.1t		-9.0%PE28.7x
DNET Indoritel Makmur InternasionalRp9.43k0.5%
+Rp709.2b		-2.8%PE106.5x
KETR Ketrosden TriasmitraRp620.0042.2%
+Rp522.8b		285.1%PE12.9x
MTEL Dayamitra TelekomunikasiRp535.000.9%
+Rp407.0b		-8.5%PE20.5x

Latest News

KBLV
Rp131.00
First Media
7D
0.8%
1Y
18.0%
MTEL
Rp535.00
Dayamitra Telekomunikasi
7D
0.9%
1Y
-8.5%
CENT
Rp110.00
Centratama Telekomunikasi Indonesia
7D
4.8%
1Y
-14.1%
KETR
Rp620.00
Ketrosden Triasmitra
7D
42.2%
1Y
285.1%
DATA
Rp2,280.00
Remala Abadi
7D
-3.4%
1Y
122.4%
TOWR
Rp505.00
Sarana Menara Nusantara
7D
1.0%
1Y
-8.2%

TOWR: Share Buyback And Stronger Margins Will Support Future Upside

Analysts have adjusted their price target on Sarana Menara Nusantara to IDR1,025 from IDR1,108. This revision reflects updated assumptions that include a slightly higher discount rate, more moderate revenue growth, stronger profit margins and a lower future P/E multiple.
MORA
Rp5,550.00
Mora Telematika Indonesia
7D
-2.6%
1Y
1,172.9%
IBST
Rp8,475.00
Inti Bangun Sejahtera
7D
32.4%
1Y
57.7%
TLKM
Rp3,000.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-2.9%
1Y
14.1%

TLKM: NeutraDC Stake Talks And Governance Events Will Shape Fairly Valued Outlook

Analysts now see Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia's fair value holding at IDR 3,169.91, with the modest shifts in discount rate, revenue growth and profit margin assumptions resulting in only a slight tweak in the implied future P/E outlook. What's in the News M&A discussions are ongoing around a potential sale of a majority stake in Telkom Indonesia's data center unit, NeutraDC.
GHON
Rp1,795.00
Gihon Telekomunikasi Indonesia
7D
-0.8%
1Y
20.9%
TBIG
Rp1,810.00
Tower Bersama Infrastructure
7D
2.8%
1Y
-9.0%
GOLD
Rp292.00
Visi Telekomunikasi Infrastruktur
7D
-0.7%
1Y
16.8%
BALI
Rp1,300.00
Bali Towerindo Sentra
7D
-1.9%
1Y
-2.3%
LINK
Rp1,875.00
Link Net
7D
-4.8%
1Y
2.2%
DNET
Rp9,425.00
Indoritel Makmur Internasional
7D
0.5%
1Y
-2.8%