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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.6%
  • 3M-3.6%
  • 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%. Over the past 12 months, the industry was up 47%. 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
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
Sat, 13 May 2023Rp683.8tRp188.7tRp31.0t25.1x22x3.6x
Mon, 10 Apr 2023Rp698.9tRp187.1tRp29.3t26x23.8x3.7x
Wed, 08 Mar 2023Rp670.4tRp185.2tRp31.4t22.6x21.3x3.6x
Price to Earnings Ratio

21.3x


Total Market Cap: Rp670.4tTotal 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
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.54k1.7%
+Rp5.9t		50.6%PE16.1x
GHON Gihon Telekomunikasi IndonesiaRp1.81k0.3%
+Rp2.8b		19.5%PE11.6x

Latest News

TLKM
Rp3,540.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
1.7%
1Y
50.6%

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).
LINK
Rp2,220.00
Link Net
7D
-5.5%
1Y
8.8%
TOWR
Rp505.00
Sarana Menara Nusantara
7D
-1.9%
1Y
-2.9%

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
Rp1,805.00
Gihon Telekomunikasi Indonesia
7D
0.3%
1Y
19.5%
BALI
Rp1,345.00
Bali Towerindo Sentra
7D
-12.4%
1Y
-1.8%
TBIG
Rp1,670.00
Tower Bersama Infrastructure
7D
-5.6%
1Y
-22.7%
DATA
Rp3,920.00
Remala Abadi
7D
-7.8%
1Y
84.9%
IBST
Rp4,500.00
Inti Bangun Sejahtera
7D
-8.9%
1Y
-15.1%
MTEL
Rp525.00
Dayamitra Telekomunikasi
7D
-2.8%
1Y
-13.9%
MORA
Rp6,250.00
Mora Telematika Indonesia
7D
-15.5%
1Y
1,527.6%