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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies16
  • 7D-10.1%
  • 3M-5.2%
  • 1Y14.7%
  • YTD-28.7%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 10%, driven by declines in Mora Telematika Indonesia and Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia of 17% and 8.9%, respectively. This takes the industry's 12 month performance to a gain of 15%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Jun 2026Rp669.3tRp192.6tRp23.2t18.9x28.8x3.5x
Wed, 06 May 2026Rp672.6tRp192.5tRp28.3t24.6x23.7x3.5x
Fri, 03 Apr 2026Rp668.9tRp191.9tRp28.2t19.3x23.7x3.5x
Sun, 01 Mar 2026Rp765.2tRp191.3tRp27.1t20.2x28.2x4x
Tue, 27 Jan 2026Rp1031.4tRp191.5tRp27.2t22.5x38x5.4x
Thu, 25 Dec 2025Rp890.1tRp191.5tRp27.2t24.2x32.8x4.6x
Sat, 22 Nov 2025Rp773.4tRp191.5tRp27.2t22x28.5x4x
Mon, 20 Oct 2025Rp592.5tRp191.3tRp28.9t22.8x20.5x3.1x
Wed, 17 Sep 2025Rp620.8tRp191.1tRp28.8t22.5x21.6x3.2x
Fri, 15 Aug 2025Rp634.2tRp190.9tRp28.8t21.1x22x3.3x
Sun, 13 Jul 2025Rp556.7tRp192.1tRp27.5t18.1x20.3x2.9x
Tue, 10 Jun 2025Rp629.4tRp193.9tRp28.7t18.7x21.9x3.2x
Thu, 08 May 2025Rp618.3tRp193.5tRp28.8t19.2x21.5x3.2x
Sat, 05 Apr 2025Rp566.2tRp194.3tRp26.9t20.8x21.1x2.9x
Mon, 03 Mar 2025Rp567.3tRp191.4tRp28.4t23.7x19.9x3x
Wed, 29 Jan 2025Rp564.3tRp190.7tRp28.0t26.2x20.2x3x
Fri, 27 Dec 2024Rp558.5tRp190.7tRp28.0t23.8x19.9x2.9x
Sun, 24 Nov 2024Rp607.9tRp192.6tRp29.1t23.5x20.9x3.2x
Tue, 22 Oct 2024Rp648.4tRp193.2tRp30.4t23x21.4x3.4x
Thu, 19 Sep 2024Rp652.5tRp193.1tRp31.4t23.3x20.8x3.4x
Sat, 17 Aug 2024Rp572.3tRp193.1tRp31.4t17.7x18.2x3x
Mon, 15 Jul 2024Rp603.3tRp192.5tRp32.0t22x18.8x3.1x
Wed, 12 Jun 2024Rp573.1tRp192.5tRp33.0t24.3x17.4x3x
Fri, 10 May 2024Rp571.2tRp192.5tRp33.0t23.2x17.3x3x
Sun, 07 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Tue, 05 Mar 2024Rp668.2tRp191.1tRp32.8t24.1x20.3x3.5x
Thu, 01 Feb 2024Rp674.7tRp191.2tRp33.1t22x20.4x3.5x
Sat, 30 Dec 2023Rp685.6tRp191.1tRp33.0t20.8x20.8x3.6x
Mon, 27 Nov 2023Rp648.8tRp190.9tRp33.2t21.5x19.6x3.4x
Wed, 25 Oct 2023Rp630.5tRp189.7tRp29.8t23.9x21.2x3.3x
Fri, 22 Sep 2023Rp660.3tRp189.7tRp29.8t25.5x22.2x3.5x
Sun, 20 Aug 2023Rp659.4tRp189.8tRp29.9t30.3x22.1x3.5x
Tue, 18 Jul 2023Rp663.3tRp188.7tRp30.7t29x21.6x3.5x
Thu, 15 Jun 2023Rp672.8tRp188.7tRp30.7t29.8x21.9x3.6x
Price to Earnings Ratio

21.9x


Total Market Cap: Rp672.8tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22x202420252026
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 28.8x which is higher than its 3-year average PE of 22.0x.
  • 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 8.8% 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-8.61%
Telecom-9.86%
Telecom Services and Carriers-10.08%
Alternative Carriers-7.72%
Integrated Telecom Services-10.72%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.3x.
    • Analysts are expecting annual earnings growth of 10.7%, 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 11% 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 11% 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
No data available

Latest News

DATA
Rp1,250.00
Remala Abadi
7D
-26.3%
1Y
-8.4%
TOWR
Rp316.00
Sarana Menara Nusantara
7D
-16.8%
1Y
-40.4%
Narrative Update • Jun 04

TOWR: Extraordinary Shareholder Meeting And Higher P/E Assumptions Will Support Upside

Analysts have maintained Sarana Menara Nusantara's fair value estimate at IDR 525.00. The unchanged price target is supported by updated assumptions that now include a higher discount rate, more muted revenue growth, slightly lower profit margins, and a higher future P/E multiple.
TBIG
Rp1,480.00
Tower Bersama Infrastructure
7D
-3.0%
1Y
-35.9%
TLKM
Rp2,350.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-22.4%
1Y
-17.3%
Narrative Update • May 25

TLKM: Share Buyback And Governance Delays Will Shape Fairly Valued Outlook

Analysts now see fair value for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia at about IDR 3,023.79 per share, down from roughly IDR 3,169.91, reflecting updated assumptions for slower revenue growth, slightly higher profit margins, and a modestly lower future P/E multiple. What's in the News Announced a share repurchase program to buy back up to 10% of issued share capital, with funding of IDR 1,000,000 million sourced from existing cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026 (Key Developments).
DNET
Rp9,950.00
Indoritel Makmur Internasional
7D
-9.1%
1Y
2.6%
MORA
Rp5,300.00
Mora Telematika Indonesia
7D
-23.2%
1Y
1,138.3%
MTEL
Rp498.00
Dayamitra Telekomunikasi
7D
-4.2%
1Y
-16.3%
CENT
Rp60.00
Centratama Telekomunikasi Indonesia
7D
-25.9%
1Y
-34.8%