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

Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJan 05, 2026
DataAggregated Company Financials
Companies16
  • 7D5.6%
  • 3M58.6%
  • 1Y64.3%
  • YTD0%

Over the last 7 days, the Telecom Services and Carriers industry has risen 5.6%, driven by gains from Mora Telematika Indonesia of 17%. This takes the industry's 12 month performance to a gain of 64%. Looking forward, earnings are forecast to grow by 6.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 05 Jan 2026Rp939.5tRp191.5tRp27.2t24.7x34.6x4.9x
Wed, 03 Dec 2025Rp814.4tRp191.5tRp27.2t22.7x30x4.3x
Fri, 31 Oct 2025Rp634.6tRp191.4tRp28.9t21.4x22x3.3x
Sun, 28 Sep 2025Rp599.0tRp191.3tRp28.9t21.9x20.8x3.1x
Tue, 26 Aug 2025Rp635.1tRp190.9tRp28.8t22.6x22.1x3.3x
Thu, 24 Jul 2025Rp573.8tRp192.1tRp27.5t20.4x20.9x3x
Sat, 21 Jun 2025Rp595.4tRp193.9tRp28.7t17.9x20.7x3.1x
Mon, 19 May 2025Rp628.6tRp193.7tRp28.6t18.8x21.9x3.2x
Wed, 16 Apr 2025Rp575.9tRp194.4tRp26.8t19.1x21.5x3x
Fri, 14 Mar 2025Rp575.8tRp191.5tRp28.5t23.8x20.2x3x
Sun, 09 Feb 2025Rp549.3tRp190.7tRp28.0t23.3x19.6x2.9x
Tue, 07 Jan 2025Rp558.8tRp190.7tRp28.0t23.2x20x2.9x
Thu, 05 Dec 2024Rp568.1tRp190.7tRp28.0t23x20.3x3x
Sat, 02 Nov 2024Rp620.6tRp192.5tRp29.4t22.6x21.1x3.2x
Mon, 30 Sep 2024Rp648.8tRp193.1tRp31.4t22.4x20.7x3.4x
Wed, 28 Aug 2024Rp586.8tRp193.1tRp31.4t17.4x18.7x3x
Fri, 26 Jul 2024Rp588.7tRp192.5tRp32.0t21.7x18.4x3.1x
Sun, 23 Jun 2024Rp562.0tRp192.5tRp33.0t25.2x17x2.9x
Tue, 21 May 2024Rp562.5tRp192.5tRp33.0t24.2x17.1x2.9x
Thu, 18 Apr 2024Rp586.4tRp190.7tRp33.4t25.1x17.5x3.1x
Sat, 16 Mar 2024Rp665.9tRp191.3tRp32.8t25.6x20.3x3.5x
Mon, 12 Feb 2024Rp672.8tRp191.2tRp33.1t22.1x20.4x3.5x
Wed, 10 Jan 2024Rp686.8tRp191.2tRp33.1t25.3x20.8x3.6x
Fri, 08 Dec 2023Rp678.2tRp191.2tRp33.0t20.8x20.5x3.5x
Sun, 05 Nov 2023Rp635.1tRp191.0tRp33.2t18.7x19.1x3.3x
Tue, 03 Oct 2023Rp651.4tRp189.7tRp29.8t26.4x21.9x3.4x
Thu, 31 Aug 2023Rp656.7tRp189.8tRp29.9t29.8x22x3.5x
Sat, 29 Jul 2023Rp644.0tRp188.7tRp30.7t28.6x21x3.4x
Mon, 26 Jun 2023Rp668.3tRp188.7tRp30.7t29.4x21.8x3.5x
Wed, 24 May 2023Rp673.7tRp188.7tRp30.7t27.9x22x3.6x
Fri, 21 Apr 2023Rp703.3tRp187.2tRp30.7t25.4x22.9x3.8x
Sun, 19 Mar 2023Rp686.0tRp185.5tRp31.4t26.3x21.9x3.7x
Tue, 14 Feb 2023Rp656.6tRp185.2tRp31.4t22.1x20.9x3.5x
Thu, 12 Jan 2023Rp675.5tRp185.2tRp31.4t23.5x21.5x3.6x
Price to Earnings Ratio

21.5x


Total Market Cap: Rp675.5tTotal Earnings: Rp31.4tTotal Revenue: Rp185.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.1x202420252026
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 34.6x which is higher than its 3-year average PE of 21.1x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.9x.
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 Market2.69%
Telecom6.05%
Telecom Services and Carriers5.56%
Integrated Telecom Services6.30%
Alternative Carriers1.53%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.0x.
    • Analysts are expecting annual earnings growth of 6.5%, 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 6.5% 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 6.5% 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 IndonesiaRp11.93k16.9%
+Rp40.8t		2,808.5%PE1011.3x
TBIG Tower Bersama InfrastructureRp2.60k4.4%
+Rp2.5t		25.6%PE44.5x
MTEL Dayamitra TelekomunikasiRp660.003.1%
+Rp1.6t		0.8%PE25.4x
DNET Indoritel Makmur InternasionalRp9.00k0.8%
+Rp1.1t		0.3%PE109.5x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.47k0.3%
+Rp990.6b		26.2%PE15.8x

Latest News

GHON
Rp1,640.00
Gihon Telekomunikasi Indonesia
7D
-0.9%
1Y
4.1%
BALI
Rp1,700.00
Bali Towerindo Sentra
7D
6.9%
1Y
2.4%
MTEL
Rp660.00
Dayamitra Telekomunikasi
7D
3.1%
1Y
0.8%
TBIG
Rp2,600.00
Tower Bersama Infrastructure
7D
4.4%
1Y
25.6%
TLKM
Rp3,470.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
0.3%
1Y
26.2%

TLKM: Infrastructure Spinoff Execution Risks Will Likely Limit Future Upside Potential

Analysts have raised their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 2,900 to about IDR 3,107, citing improving long term revenue growth and profit margin assumptions, as well as the potential capital unlock from ongoing infrastructure spinoff and streamlining initiatives. Analyst Commentary Recent rating and target price upgrades highlight growing confidence that the company can monetize its infrastructure assets and sustain mid single digit revenue growth.
CENT
Rp156.00
Centratama Telekomunikasi Indonesia
7D
10.6%
1Y
246.7%
LINK
Rp4,030.00
Link Net
7D
8.6%
1Y
235.8%
DNET
Rp9,000.00
Indoritel Makmur Internasional
7D
0.8%
1Y
0.3%
MORA
Rp11,925.00
Mora Telematika Indonesia
7D
16.9%
1Y
2,808.5%