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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJul 25, 2026
DataAggregated Company Financials
Companies15
  • 7D0.8%
  • 3M3.5%
  • 1Y41.7%
  • YTD-32.7%

Last week, the Telecom Services and Carriers industry hasn't moved much but Mora Telematika Indonesia is up 3.9% in that time. As for the the longer term, the industry is up 41% over the past 12 months. As for the next few years, earnings are expected to grow by 9.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Jul 2026Rp821.5tRp191.8tRp23.1t20.6x35.6x4.3x
Mon, 22 Jun 2026Rp706.8tRp192.6tRp23.2t21.7x30.4x3.7x
Wed, 20 May 2026Rp704.0tRp191.8tRp24.4t21.1x28.9x3.7x
Fri, 17 Apr 2026Rp718.2tRp192.2tRp28.2t21.8x25.5x3.7x
Sun, 15 Mar 2026Rp651.2tRp191.3tRp27.1t19.4x24x3.4x
Tue, 10 Feb 2026Rp741.3tRp191.5tRp27.2t20.6x27.3x3.9x
Thu, 08 Jan 2026Rp944.2tRp191.5tRp27.2t24.3x34.8x4.9x
Sat, 06 Dec 2025Rp892.8tRp191.5tRp27.2t23x32.9x4.7x
Mon, 03 Nov 2025Rp645.3tRp191.2tRp27.1t21.6x23.8x3.4x
Wed, 01 Oct 2025Rp591.4tRp191.3tRp28.9t22.1x20.5x3.1x
Fri, 29 Aug 2025Rp625.5tRp191.2tRp28.9t23.3x21.7x3.3x
Sun, 27 Jul 2025Rp572.8tRp192.1tRp27.5t20.6x20.8x3x
Tue, 24 Jun 2025Rp588.9tRp193.9tRp28.7t19x20.5x3x
Thu, 22 May 2025Rp626.9tRp193.7tRp28.6t19.1x21.9x3.2x
Sat, 19 Apr 2025Rp586.3tRp194.4tRp26.8t19.5x21.9x3x
Mon, 17 Mar 2025Rp572.0tRp191.6tRp28.5t22.1x20.1x3x
Wed, 12 Feb 2025Rp521.1tRp190.7tRp28.0t21.5x18.6x2.7x
Fri, 10 Jan 2025Rp553.4tRp190.7tRp28.0t23.4x19.8x2.9x
Sun, 08 Dec 2024Rp563.1tRp190.7tRp28.0t23.9x20.1x3x
Tue, 05 Nov 2024Rp613.2tRp192.3tRp29.5t23x20.8x3.2x
Thu, 03 Oct 2024Rp644.1tRp193.1tRp31.4t23.5x20.5x3.3x
Sat, 31 Aug 2024Rp591.7tRp193.1tRp31.4t17.5x18.8x3.1x
Mon, 29 Jul 2024Rp589.5tRp192.5tRp32.1t21.6x18.4x3.1x
Wed, 26 Jun 2024Rp560.6tRp192.5tRp33.0t24.9x17x2.9x
Fri, 24 May 2024Rp557.7tRp192.5tRp33.0t24.6x16.9x2.9x
Sun, 21 Apr 2024Rp575.7tRp192.1tRp33.1t24.6x17.4x3x
Tue, 19 Mar 2024Rp660.3tRp191.3tRp32.8t25.6x20.1x3.5x
Thu, 15 Feb 2024Rp672.1tRp191.1tRp32.8t22.6x20.5x3.5x
Sat, 13 Jan 2024Rp689.1tRp191.2tRp33.1t24.7x20.8x3.6x
Mon, 11 Dec 2023Rp680.0tRp191.1tRp33.0t21x20.6x3.6x
Wed, 08 Nov 2023Rp630.9tRp191.0tRp33.2t22.8x19x3.3x
Fri, 06 Oct 2023Rp651.5tRp189.7tRp29.8t25.8x21.9x3.4x
Sun, 03 Sep 2023Rp657.6tRp189.8tRp29.9t29.2x22x3.5x
Tue, 01 Aug 2023Rp648.0tRp189.3tRp29.8t28.6x21.7x3.4x
Price to Earnings Ratio

21.7x


Total Market Cap: Rp648.0tTotal Earnings: Rp29.8tTotal Revenue: Rp189.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.5x202420252026
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 35.2x which is higher than its 3-year average PE of 22.5x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 8.2% 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 Market1.02%
Telecom-0.25%
Telecom Services and Carriers0.85%
Integrated Telecom Services1.06%
Alternative Carriers-0.17%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.5x.
    • Analysts are expecting annual earnings growth of 9.2%, 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 9.2% 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 9.2% 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 IndonesiaRp6.60k3.9%
+Rp11.9t		1,646.0%PE667x
KETR Ketrosden TriasmitraRp565.007.6%
+Rp113.7b		114.0%PE9.6x
CENT Centratama Telekomunikasi IndonesiaRp84.003.7%
+Rp93.6b		-16.0%PS1x
GOLD Visi Telekomunikasi InfrastrukturRp286.009.2%
+Rp30.7b		13.5%PE19.1x
GHON Gihon Telekomunikasi IndonesiaRp1.64k1.2%
+Rp11.0b		2.2%PE12.2x

Latest News

TLKM
Rp2,630.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-1.1%
1Y
-6.7%
Narrative Update • Jul 21

TLKM: Buybacks And Governance Shifts Will Shape A Cautiously Balanced Outlook

Analysts have trimmed their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 2,902.82 from IDR 3,023.79, citing updated expectations for revenue growth, profit margins, and a higher future P/E assumption. What’s in the News for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Announced an annual dividend of IDR 223.1659 per share, with an ex date set for June 18, 2026, a record date of June 19, 2026, and payment scheduled for July 10, 2026.
TOWR
Rp402.00
Sarana Menara Nusantara
7D
-2.0%
1Y
-39.1%
Narrative Update • Jul 16

TOWR: Lower P/E Assumptions And Margin Outlook Will Shape Balanced Upside

Analysts have reduced their price target for Sarana Menara Nusantara from IDR 525 to IDR 390. They cited updated assumptions that include a lower discount rate, a slightly adjusted profit margin outlook, and a revised future P/E multiple, along with neutral changes to revenue growth expectations.
KBLV
Rp123.00
First Media
7D
-10.2%
1Y
123.6%
DATA
Rp1,960.00
Remala Abadi
7D
-6.2%
1Y
11.7%
MTEL
Rp456.00
Dayamitra Telekomunikasi
7D
-0.9%
1Y
-24.0%
MORA
Rp6,600.00
Mora Telematika Indonesia
7D
3.9%
1Y
1,646.0%
CENT
Rp84.00
Centratama Telekomunikasi Indonesia
7D
3.7%
1Y
-16.0%
BALI
Rp1,215.00
Bali Towerindo Sentra
7D
-1.6%
1Y
-17.9%
GHON
Rp1,640.00
Gihon Telekomunikasi Indonesia
7D
1.2%
1Y
2.2%
TBIG
Rp1,375.00
Tower Bersama Infrastructure
7D
-2.8%
1Y
-31.3%
KETR
Rp565.00
Ketrosden Triasmitra
7D
7.6%
1Y
114.0%
DNET
Rp9,700.00
Indoritel Makmur Internasional
7D
-0.3%
1Y
3.7%
GOLD
Rp286.00
Visi Telekomunikasi Infrastruktur
7D
9.2%
1Y
13.5%