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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies16
  • 7D-4.7%
  • 3M-2.2%
  • 1Y19.0%
  • YTD-26.0%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 5.6%, driven by Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia declining 6.1%. Over the past 12 months, the industry was up 18%. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 12 Jun 2023Rp686.5tRp188.7tRp30.7t29.6x22.4x3.6x
Price to Earnings Ratio

22.4x


Total Market Cap: Rp686.5tTotal 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 29.6x 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-3.36%
Telecom-5.02%
Telecom Services and Carriers-4.66%
Alternative Carriers1.72%
Integrated Telecom Services-6.24%
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 11.4%, 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
DNET Indoritel Makmur InternasionalRp10.08k1.8%
+Rp2.5t		3.9%PE111.3x
TBIG Tower Bersama InfrastructureRp1.50k2.0%
+Rp677.8b		-35.1%PE24.1x
GHON Gihon Telekomunikasi IndonesiaRp1.83k1.1%
+Rp11.0b		0.3%PE13.6x

Latest News

TOWR
Rp336.00
Sarana Menara Nusantara
7D
-13.8%
1Y
-36.6%
KETR
Rp545.00
Ketrosden Triasmitra
7D
-4.4%
1Y
150.0%
TBIG
Rp1,500.00
Tower Bersama Infrastructure
7D
2.0%
1Y
-35.1%
TLKM
Rp2,900.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-6.1%
1Y
2.1%
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).
GHON
Rp1,825.00
Gihon Telekomunikasi Indonesia
7D
1.1%
1Y
0.3%
DATA
Rp1,440.00
Remala Abadi
7D
-11.7%
1Y
5.5%
DNET
Rp10,075.00
Indoritel Makmur Internasional
7D
1.8%
1Y
3.9%
MORA
Rp6,100.00
Mora Telematika Indonesia
7D
-9.0%
1Y
1,325.2%
MTEL
Rp494.00
Dayamitra Telekomunikasi
7D
-1.2%
1Y
-17.0%
BALI
Rp1,180.00
Bali Towerindo Sentra
7D
-4.5%
1Y
-21.9%
CENT
Rp70.00
Centratama Telekomunikasi Indonesia
7D
-14.6%
1Y
-23.9%