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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJul 31, 2026
DataAggregated Company Financials
Companies15
  • 7D-0.2%
  • 3M6.0%
  • 1Y38.1%
  • YTD-33.5%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat, although notably Tower Bersama Infrastructure gained 5.1%. The past year has been better, since the industry has gained 38% in that time. As for the next few years, earnings are expected to grow by 9.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 01 Aug 2026Rp810.9tRp191.8tRp23.1t20.1x35.2x4.2x
Mon, 29 Jun 2026Rp692.0tRp192.6tRp23.4t22.9x29.5x3.6x
Wed, 27 May 2026Rp729.0tRp191.8tRp24.3t19.6x30x3.8x
Fri, 24 Apr 2026Rp697.2tRp192.4tRp28.3t24.1x24.6x3.6x
Sun, 22 Mar 2026Rp671.2tRp191.7tRp27.4t20.1x24.5x3.5x
Tue, 17 Feb 2026Rp778.9tRp191.5tRp27.2t21.2x28.7x4.1x
Thu, 15 Jan 2026Rp987.0tRp191.5tRp27.2t23.5x36.4x5.2x
Sat, 13 Dec 2025Rp911.1tRp191.5tRp27.2t24.3x33.6x4.8x
Mon, 10 Nov 2025Rp687.0tRp191.2tRp26.9t21.1x25.5x3.6x
Wed, 08 Oct 2025Rp590.4tRp191.3tRp28.9t22.1x20.5x3.1x
Fri, 05 Sep 2025Rp610.3tRp191.1tRp28.8t22.5x21.2x3.2x
Sun, 03 Aug 2025Rp590.2tRp190.8tRp28.4t21.5x20.8x3.1x
Tue, 01 Jul 2025Rp603.6tRp193.9tRp28.7t18.1x21x3.1x
Thu, 29 May 2025Rp631.3tRp193.7tRp28.6t19.7x22x3.3x
Sat, 26 Apr 2025Rp600.0tRp194.2tRp27.9t19.2x21.5x3.1x
Mon, 24 Mar 2025Rp555.3tRp191.6tRp28.5t21.3x19.5x2.9x
Wed, 19 Feb 2025Rp573.1tRp189.6tRp27.3t24.7x21x3x
Fri, 17 Jan 2025Rp549.4tRp190.7tRp28.0t23.8x19.6x2.9x
Sun, 15 Dec 2024Rp568.0tRp190.7tRp28.0t21.6x20.3x3x
Tue, 12 Nov 2024Rp597.7tRp192.7tRp29.5t22.3x20.3x3.1x
Thu, 10 Oct 2024Rp636.5tRp193.2tRp30.4t23.3x21x3.3x
Sat, 07 Sep 2024Rp643.3tRp193.1tRp31.4t18.2x20.5x3.3x
Mon, 05 Aug 2024Rp572.4tRp193.1tRp31.5t18.7x18.2x3x
Wed, 03 Jul 2024Rp575.4tRp192.5tRp33.0t24.9x17.4x3x
Fri, 31 May 2024Rp545.2tRp192.5tRp33.0t24.6x16.5x2.8x
Sun, 28 Apr 2024Rp566.7tRp192.1tRp33.1t24.4x17.1x2.9x
Tue, 26 Mar 2024Rp641.8tRp191.0tRp32.8t25.5x19.6x3.4x
Thu, 22 Feb 2024Rp693.7tRp191.1tRp32.8t23.8x21.1x3.6x
Sat, 20 Jan 2024Rp673.9tRp191.2tRp33.1t24.2x20.4x3.5x
Mon, 18 Dec 2023Rp689.9tRp191.1tRp33.0t20.8x20.9x3.6x
Wed, 15 Nov 2023Rp631.5tRp190.9tRp33.2t22x19x3.3x
Fri, 13 Oct 2023Rp657.3tRp189.7tRp29.8t26.6x22.1x3.5x
Sun, 10 Sep 2023Rp656.2tRp189.8tRp29.9t29.5x22x3.5x
Tue, 08 Aug 2023Rp643.7tRp189.8tRp29.9t28.9x21.5x3.4x
Price to Earnings Ratio

21.5x


Total Market Cap: Rp643.7tTotal Earnings: Rp29.9tTotal Revenue: Rp189.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.5x202420252026
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 35.2x which is higher than its 3-year average PE of 22.5x.
  • 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 8.3% 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-2.29%
Telecom-0.56%
Telecom Services and Carriers-0.19%
Alternative Carriers1.83%
Integrated Telecom Services-0.62%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.6x.
    • Analysts are expecting annual earnings growth of 9.3%, which is higher than its past year's earnings growth of 6.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 9.3% over the next 5 years.
  • This is better than its past earnings growth rate of 6.0% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 9.3% 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
TBIG Tower Bersama InfrastructureRp1.45k5.1%
+Rp1.6t		-27.2%PE23.3x
DNET Indoritel Makmur InternasionalRp9.80k1.0%
+Rp1.4t		2.3%PE108.2x
MTEL Dayamitra TelekomunikasiRp462.001.3%
+Rp486.1b		-23.0%PE17.5x
DATA Remala AbadiRp2.06k5.1%
+Rp137.5b		9.9%PE22.4x
TOWR Sarana Menara NusantaraRp404.000.5%
+Rp116.2b		-35.9%PE6.2x

Latest News

JAST
Rp84.00
PT. Jasnita Telekomindo
7D
2.4%
1Y
-15.2%
DATA
Rp2,060.00
Remala Abadi
7D
5.1%
1Y
9.9%
TOWR
Rp404.00
Sarana Menara Nusantara
7D
0.5%
1Y
-35.9%
Narrative Update • Jul 16

TOWR: Lower P/E Assumptions And Margin Outlook Will Shape Balanced Upside

Analysts have reduced their price target for Sarana Menara Nusantara from IDR 525 to IDR 390. They cited updated assumptions that include a lower discount rate, a slightly adjusted profit margin outlook, and a revised future P/E multiple, along with neutral changes to revenue growth expectations.
KBLV
Rp132.00
First Media
7D
7.3%
1Y
131.6%
MTEL
Rp462.00
Dayamitra Telekomunikasi
7D
1.3%
1Y
-23.0%
MORA
Rp6,250.00
Mora Telematika Indonesia
7D
-5.3%
1Y
1,562.2%
CENT
Rp81.00
Centratama Telekomunikasi Indonesia
7D
-3.6%
1Y
-17.3%
LINK
Rp1,405.00
Link Net
7D
-0.7%
1Y
-25.7%
BALI
Rp1,235.00
Bali Towerindo Sentra
7D
1.6%
1Y
-11.8%
GHON
Rp1,630.00
Gihon Telekomunikasi Indonesia
7D
-0.6%
1Y
2.5%
TBIG
Rp1,445.00
Tower Bersama Infrastructure
7D
5.1%
1Y
-27.2%
KETR
Rp555.00
Ketrosden Triasmitra
7D
-1.8%
1Y
131.3%
DNET
Rp9,800.00
Indoritel Makmur Internasional
7D
1.0%
1Y
2.3%
GOLD
Rp262.00
Visi Telekomunikasi Infrastruktur
7D
-8.4%
1Y
6.5%