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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJun 17, 2026
DataAggregated Company Financials
Companies16
  • 7D7.8%
  • 3M6.4%
  • 1Y27.4%
  • YTD-24.0%

Over the last 7 days, the Telecom Services and Carriers industry has risen 16%, driven by gains from Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia of 25%. Meanwhile, Tower Bersama Infrastructure actually underperformed within the industry, shrinking 7.1% in the last week. This means that the industry has gained 27% over the past year. 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
Wed, 17 Jun 2026Rp713.4tRp192.6tRp23.2t21.7x30.7x3.7x
Fri, 15 May 2026Rp722.0tRp191.8tRp24.4t23.7x29.6x3.8x
Sun, 12 Apr 2026Rp697.1tRp192.0tRp28.2t19.8x24.7x3.6x
Tue, 10 Mar 2026Rp706.1tRp191.3tRp27.1t19.6x26x3.7x
Thu, 05 Feb 2026Rp772.5tRp191.5tRp27.2t21x28.5x4x
Sat, 03 Jan 2026Rp939.5tRp191.5tRp27.2t24.7x34.6x4.9x
Mon, 01 Dec 2025Rp784.0tRp191.5tRp27.2t21.3x28.9x4.1x
Wed, 29 Oct 2025Rp648.7tRp191.4tRp28.9t22.1x22.5x3.4x
Fri, 26 Sep 2025Rp603.1tRp191.3tRp28.9t21.7x20.9x3.2x
Sun, 24 Aug 2025Rp619.2tRp190.9tRp28.8t21.1x21.5x3.2x
Tue, 22 Jul 2025Rp573.4tRp192.1tRp27.5t19.1x20.9x3x
Thu, 19 Jun 2025Rp606.3tRp193.9tRp28.7t18.7x21.1x3.1x
Sat, 17 May 2025Rp620.6tRp193.7tRp28.6t18.8x21.7x3.2x
Mon, 14 Apr 2025Rp554.9tRp194.3tRp26.8t19.5x20.7x2.9x
Wed, 12 Mar 2025Rp571.9tRp191.6tRp28.5t22.7x20.1x3x
Fri, 07 Feb 2025Rp543.6tRp190.7tRp28.0t24.2x19.4x2.9x
Sun, 05 Jan 2025Rp565.3tRp190.7tRp28.0t23.4x20.2x3x
Tue, 03 Dec 2024Rp551.8tRp190.7tRp28.0t23x19.7x2.9x
Thu, 31 Oct 2024Rp629.8tRp193.2tRp30.3t22.4x20.8x3.3x
Sat, 28 Sep 2024Rp661.0tRp193.1tRp31.4t22.4x21.1x3.4x
Mon, 26 Aug 2024Rp581.8tRp193.1tRp31.4t17.6x18.5x3x
Wed, 24 Jul 2024Rp597.3tRp192.5tRp32.0t21.7x18.6x3.1x
Fri, 21 Jun 2024Rp549.8tRp192.5tRp33.0t25.4x16.7x2.9x
Sun, 19 May 2024Rp562.9tRp192.5tRp33.0t24.8x17.1x2.9x
Tue, 16 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Thu, 14 Mar 2024Rp660.0tRp191.3tRp32.8t25.3x20.1x3.5x
Sat, 10 Feb 2024Rp672.8tRp191.2tRp33.1t22.1x20.4x3.5x
Mon, 08 Jan 2024Rp679.7tRp191.2tRp33.1t22.4x20.6x3.6x
Wed, 06 Dec 2023Rp676.2tRp191.2tRp33.0t21x20.5x3.5x
Fri, 03 Nov 2023Rp631.2tRp190.8tRp33.1t21.6x19.1x3.3x
Sun, 01 Oct 2023Rp654.3tRp189.7tRp29.8t27.6x22x3.4x
Tue, 29 Aug 2023Rp655.5tRp189.8tRp29.9t30.1x21.9x3.5x
Thu, 27 Jul 2023Rp662.2tRp188.7tRp30.7t29.1x21.6x3.5x
Sat, 24 Jun 2023Rp666.5tRp188.7tRp30.7t29.4x21.7x3.5x
Price to Earnings Ratio

21.7x


Total Market Cap: Rp666.5tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.1x202420252026
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 30.7x which is higher than its 3-year average PE of 22.1x.
  • 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 Market8.02%
Telecom7.05%
Telecom Services and Carriers7.84%
Integrated Telecom Services9.17%
Alternative Carriers3.21%
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
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp2.93k11.8%
+Rp30.6t		6.2%PE17.4x
MORA Mora Telematika IndonesiaRp6.53k10.1%
+Rp14.2t		1,483.7%PE326.4x
DNET Indoritel Makmur InternasionalRp10.30k3.0%
+Rp4.3t		12.9%PE113.7x
TOWR Sarana Menara NusantaraRp390.0021.1%
+Rp4.0t		-27.1%PE5.9x
DATA Remala AbadiRp1.81k36.1%
+Rp660.0b		37.1%PE21.7x

Latest News

DATA
Rp1,810.00
Remala Abadi
7D
36.1%
1Y
37.1%
TOWR
Rp390.00
Sarana Menara Nusantara
7D
21.1%
1Y
-27.1%
GHON
Rp2,330.00
Gihon Telekomunikasi Indonesia
7D
27.3%
1Y
40.4%
TBIG
Rp1,375.00
Tower Bersama Infrastructure
7D
-9.8%
1Y
-34.8%
TLKM
Rp2,930.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
11.8%
1Y
6.2%
Narrative Update • Jun 08

TLKM: Share Buyback Will Support Future Equity Value Unlock

Analysts have trimmed their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 3,887.27 to IDR 3,672.95, reflecting updated assumptions around slightly softer revenue growth, a modestly higher profit margin, and a lower future P/E multiple. What's in the News Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced a share repurchase program of up to 10% of issued share capital, with a maximum allocation of IDR 1,000,000 million funded from the company's cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026.
KETR
Rp555.00
Ketrosden Triasmitra
7D
-0.9%
1Y
169.4%
LINK
Rp1,460.00
Link Net
7D
13.6%
1Y
-6.1%
DNET
Rp10,300.00
Indoritel Makmur Internasional
7D
3.0%
1Y
12.9%
MORA
Rp6,525.00
Mora Telematika Indonesia
7D
10.1%
1Y
1,483.7%
MTEL
Rp505.00
Dayamitra Telekomunikasi
7D
1.0%
1Y
-9.8%