Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedMay 14, 2026
DataAggregated Company Financials
Companies16
  • 7D6.0%
  • 3M-8.9%
  • 1Y26.1%
  • YTD-23.2%

In the last week, the Telecom Services and Carriers industry is up 6.0%, with Mora Telematika Indonesia up 32%. During this same period, the Tower Bersama Infrastructure underperformed, falling 10%. This takes the industry's 12 month performance to a gain of 26%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 14 May 2026Rp722.0tRp191.9tRp24.4t23.7x29.6x3.8x
Sat, 11 Apr 2026Rp697.1tRp192.0tRp28.2t19.8x24.7x3.6x
Mon, 09 Mar 2026Rp710.7tRp191.3tRp27.1t19.8x26.2x3.7x
Wed, 04 Feb 2026Rp815.5tRp191.5tRp27.2t21x30x4.3x
Fri, 02 Jan 2026Rp949.9tRp191.5tRp27.2t23.9x35x5x
Sun, 30 Nov 2025Rp784.0tRp191.5tRp27.2t21.3x28.9x4.1x
Tue, 28 Oct 2025Rp639.3tRp191.4tRp28.9t21.6x22.1x3.3x
Thu, 25 Sep 2025Rp603.3tRp191.3tRp28.9t22.3x20.9x3.2x
Sat, 23 Aug 2025Rp617.9tRp190.9tRp28.8t21.1x21.5x3.2x
Mon, 21 Jul 2025Rp563.7tRp192.1tRp27.5t19x20.5x2.9x
Wed, 18 Jun 2025Rp605.6tRp193.9tRp28.7t18.7x21.1x3.1x
Fri, 16 May 2025Rp620.6tRp193.7tRp28.6t18.8x21.7x3.2x
Sun, 13 Apr 2025Rp554.9tRp194.3tRp26.8t19.5x20.7x2.9x
Tue, 11 Mar 2025Rp576.5tRp191.6tRp28.5t23.8x20.2x3x
Thu, 06 Feb 2025Rp553.2tRp190.7tRp28.0t23.8x19.8x2.9x
Sat, 04 Jan 2025Rp565.2tRp190.7tRp28.0t23.4x20.2x3x
Mon, 02 Dec 2024Rp554.9tRp190.7tRp28.0t23.9x19.8x2.9x
Wed, 30 Oct 2024Rp631.0tRp193.2tRp30.3t22.2x20.8x3.3x
Fri, 27 Sep 2024Rp662.3tRp193.1tRp31.4t21.9x21.1x3.4x
Sun, 25 Aug 2024Rp581.8tRp193.1tRp31.4t17.6x18.5x3x
Tue, 23 Jul 2024Rp545.7tRp190.6tRp30.9t19.2x17.7x2.9x
Thu, 20 Jun 2024Rp549.8tRp192.5tRp33.0t24.8x16.7x2.9x
Sat, 18 May 2024Rp564.0tRp192.5tRp33.0t24.8x17.1x2.9x
Mon, 15 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Wed, 13 Mar 2024Rp657.9tRp191.3tRp32.8t26x20x3.4x
Fri, 09 Feb 2024Rp672.8tRp191.2tRp33.1t22.1x20.4x3.5x
Sun, 07 Jan 2024Rp679.7tRp191.2tRp33.1t22.4x20.6x3.6x
Tue, 05 Dec 2023Rp671.5tRp190.9tRp33.0t21.4x20.4x3.5x
Thu, 02 Nov 2023Rp622.0tRp191.1tRp33.3t22.2x18.7x3.3x
Sat, 30 Sep 2023Rp654.3tRp189.7tRp29.8t27.6x22x3.4x
Mon, 28 Aug 2023Rp658.3tRp189.8tRp29.9t29.9x22x3.5x
Wed, 26 Jul 2023Rp663.8tRp188.7tRp30.7t29.7x21.6x3.5x
Fri, 23 Jun 2023Rp672.4tRp188.7tRp30.7t30.4x21.9x3.6x
Sun, 21 May 2023Rp673.3tRp188.7tRp30.7t29.4x22x3.6x
Price to Earnings Ratio

22x


Total Market Cap: Rp673.3tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.9x202420252026
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 21.9x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 7.3% 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-7.32%
Telecom2.37%
Telecom Services and Carriers5.99%
Integrated Telecom Services7.42%
Alternative Carriers0.42%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Integrated Telecom Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 18.3x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 12% 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 12% 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
MORA Mora Telematika IndonesiaRp6.88k31.6%
+Rp39.0t		1,536.9%PE343.9x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp2.96k2.1%
+Rp5.9t		14.3%PE16.5x
DNET Indoritel Makmur InternasionalRp9.45k0.5%
+Rp709.2b		-8.5%PE104.4x
KETR Ketrosden TriasmitraRp600.0016.5%
+Rp241.5b		207.7%PE10.2x
GHON Gihon Telekomunikasi IndonesiaRp1.82k0.3%
+Rp2.8b		16.3%PE12.8x

Latest News

DATA
Rp2,010.00
Remala Abadi
7D
-1.5%
1Y
47.3%
KETR
Rp600.00
Ketrosden Triasmitra
7D
16.5%
1Y
207.7%
TLKM
Rp2,960.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
2.1%
1Y
14.3%
Narrative Update • May 08

TLKM: Share Buyback And Data Center Stake Sale Will Unlock Value

Analysts keep the fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia steady at IDR 4,500, with modest tweaks to revenue growth, profit margin, and future P/E assumptions shaping the updated price target narrative. What's in the News The company announced a share repurchase program to buy back up to 10% of its issued share capital, with a total allocation of IDR 1,000,000 million funded from existing cash, subject to shareholder approval at a General Meeting scheduled for June 8, 2026 (company announcement).
MORA
Rp6,875.00
Mora Telematika Indonesia
7D
31.6%
1Y
1,536.9%
GOLD
Rp280.00
Visi Telekomunikasi Infrastruktur
7D
-2.8%
1Y
11.1%
KBLV
Rp106.00
First Media
7D
-11.7%
1Y
21.8%
DNET
Rp9,450.00
Indoritel Makmur Internasional
7D
0.5%
1Y
-8.5%
TBIG
Rp1,475.00
Tower Bersama Infrastructure
7D
-10.3%
1Y
-29.1%
GHON
Rp1,815.00
Gihon Telekomunikasi Indonesia
7D
0.3%
1Y
16.3%
TOWR
Rp470.00
Sarana Menara Nusantara
7D
-2.1%
1Y
-24.8%
Narrative Update • May 01

TOWR: Share Buyback Authorization Will Support Future Upside Potential

Analysts have kept the IDR fair value for Sarana Menara Nusantara steady at IDR 1,025, while refining assumptions around the discount rate, revenue growth, profit margins and future P/E to reflect updated views on the company’s risk profile and earnings outlook. What's in the News The Board of Directors authorized a share buyback plan on February 2, 2026, signaling an intent to repurchase shares within a defined program period (Key Developments).
BALI
Rp1,265.00
Bali Towerindo Sentra
7D
-1.2%
1Y
3.3%
LINK
Rp1,600.00
Link Net
7D
-7.5%
1Y
0%
CENT
Rp97.00
Centratama Telekomunikasi Indonesia
7D
-6.7%
1Y
-10.2%