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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedMar 23, 2026
DataAggregated Company Financials
Companies16
  • 7D3.1%
  • 3M-23.4%
  • 1Y31.5%
  • YTD-28.6%

In the last week, the Telecom Services and Carriers industry is up 3.1%, with Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia up 3.0%. This takes the industry's 12 month performance to a gain of 31%. Looking forward, earnings are forecast to grow by 6.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Mar 2026Rp671.2tRp191.7tRp27.4t20.1x24.5x3.5x
Wed, 18 Feb 2026Rp778.9tRp191.5tRp27.2t21.2x28.7x4.1x
Fri, 16 Jan 2026Rp984.4tRp191.5tRp27.2t23.7x36.3x5.1x
Sun, 14 Dec 2025Rp911.1tRp191.5tRp27.2t24.3x33.6x4.8x
Tue, 11 Nov 2025Rp692.3tRp191.2tRp26.9t21.6x25.7x3.6x
Thu, 09 Oct 2025Rp590.8tRp191.3tRp28.9t21.9x20.5x3.1x
Sat, 06 Sep 2025Rp610.3tRp191.1tRp28.8t22.5x21.2x3.2x
Mon, 04 Aug 2025Rp590.2tRp190.8tRp28.4t21.5x20.8x3.1x
Wed, 02 Jul 2025Rp603.6tRp193.9tRp28.7t18.1x21x3.1x
Fri, 30 May 2025Rp631.3tRp193.7tRp28.6t19.7x22x3.3x
Sun, 27 Apr 2025Rp598.7tRp194.2tRp27.9t19.2x21.5x3.1x
Tue, 25 Mar 2025Rp556.5tRp191.6tRp28.5t21.5x19.5x2.9x
Thu, 20 Feb 2025Rp573.1tRp189.6tRp27.3t24.7x21x3x
Sat, 18 Jan 2025Rp554.5tRp190.7tRp28.0t24.6x19.8x2.9x
Mon, 16 Dec 2024Rp568.0tRp190.7tRp28.0t21.6x20.3x3x
Wed, 13 Nov 2024Rp588.0tRp192.7tRp29.5t21.9x19.9x3.1x
Fri, 11 Oct 2024Rp632.9tRp193.2tRp30.4t23.9x20.8x3.3x
Sun, 08 Sep 2024Rp643.3tRp193.1tRp31.4t18.2x20.5x3.3x
Tue, 06 Aug 2024Rp560.7tRp193.1tRp31.5t18.3x17.8x2.9x
Thu, 04 Jul 2024Rp575.4tRp192.5tRp33.0t25.1x17.4x3x
Sat, 01 Jun 2024Rp545.2tRp192.5tRp33.0t24.8x16.5x2.8x
Mon, 29 Apr 2024Rp566.7tRp192.1tRp33.1t24.4x17.1x2.9x
Wed, 27 Mar 2024Rp630.7tRp190.5tRp33.7t25.4x18.7x3.3x
Fri, 23 Feb 2024Rp685.6tRp191.1tRp32.8t24.5x20.9x3.6x
Sun, 21 Jan 2024Rp673.9tRp191.2tRp33.1t24.2x20.4x3.5x
Tue, 19 Dec 2023Rp683.3tRp191.1tRp33.0t20.7x20.7x3.6x
Thu, 16 Nov 2023Rp640.4tRp190.9tRp33.2t21.8x19.3x3.4x
Sat, 14 Oct 2023Rp657.3tRp189.7tRp29.8t26x22.1x3.5x
Mon, 11 Sep 2023Rp656.2tRp189.8tRp29.9t29.5x22x3.5x
Wed, 09 Aug 2023Rp648.7tRp189.8tRp29.9t29.7x21.7x3.4x
Fri, 07 Jul 2023Rp673.2tRp188.7tRp30.7t29.2x22x3.6x
Sun, 04 Jun 2023Rp675.9tRp188.7tRp30.7t29.4x22x3.6x
Tue, 02 May 2023Rp702.5tRp188.0tRp31.1t25.4x22.6x3.7x
Thu, 30 Mar 2023Rp689.9tRp187.0tRp29.4t26x23.5x3.7x
Price to Earnings Ratio

23.5x


Total Market Cap: Rp689.9tTotal Earnings: Rp29.4tTotal Revenue: Rp187.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.8x202420252026
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 24.5x which is higher than its 3-year average PE of 21.8x.
  • 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 2.4% 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-1.01%
Telecom3.88%
Telecom Services and Carriers3.07%
Integrated Telecom Services3.19%
Alternative Carriers2.59%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 18.4x.
    • Analysts are expecting annual earnings growth of 6.3%, 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 6.3% 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 6.3% 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
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.05k3.0%
+Rp8.9t		30.9%PE13.9x
DNET Indoritel Makmur InternasionalRp8.98k2.3%
+Rp2.8t		-3.0%PE109.2x
MTEL Dayamitra TelekomunikasiRp535.005.9%
+Rp2.4t		-3.6%PE20.6x
TOWR Sarana Menara NusantaraRp478.007.2%
+Rp1.9t		-5.3%PE7.6x
TBIG Tower Bersama InfrastructureRp1.62k4.5%
+Rp1.6t		-17.6%PE27.7x

Latest News

TOWR
Rp478.00
Sarana Menara Nusantara
7D
7.2%
1Y
-5.3%

TOWR: Share Buyback Plan Will Support Future Upside Despite Slightly Higher Assumptions

Analysts have trimmed their price target for Sarana Menara Nusantara slightly to IDR 785.5 per share, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E multiples. What's in the News The Board of Directors authorized a share buyback plan on February 2, 2026, signaling approval for repurchases within a defined period (company announcement).
KETR
Rp404.00
Ketrosden Triasmitra
7D
4.1%
1Y
140.5%
KBLV
Rp106.00
First Media
7D
-1.9%
1Y
17.8%
TLKM
Rp3,050.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
3.0%
1Y
30.9%

TLKM: Data Center Stake Sale And Spin Off Will Unlock Equity Value

Analysts have maintained their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia at IDR 3,887.27 per share. They have made minor adjustments to assumptions around the discount rate, revenue growth, profit margin, and future P/E to reflect updated modelling inputs.
LINK
Rp1,830.00
Link Net
7D
-0.3%
1Y
-3.4%
JAST
Rp95.00
PT. Jasnita Telekomindo
7D
-1.0%
1Y
66.7%
TBIG
Rp1,620.00
Tower Bersama Infrastructure
7D
4.5%
1Y
-17.6%
DATA
Rp3,710.00
Remala Abadi
7D
7.8%
1Y
260.2%
CENT
Rp98.00
Centratama Telekomunikasi Indonesia
7D
2.1%
1Y
117.8%
MTEL
Rp535.00
Dayamitra Telekomunikasi
7D
5.9%
1Y
-3.6%
DNET
Rp8,975.00
Indoritel Makmur Internasional
7D
2.3%
1Y
-3.0%
MORA
Rp4,540.00
Mora Telematika Indonesia
7D
-1.7%
1Y
1,018.2%