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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies16
  • 7D1.9%
  • 3M2.6%
  • 1Y39.0%
  • YTD-15.5%

In the last week, the Telecom Services and Carriers industry is up 1.9%, with Mora Telematika Indonesia up 7.6%. Meanwhile, Link Net actually underperformed within the industry, shrinking 16% in the last week. This means that the industry has gained 39% over the past year. As for the next few years, earnings are expected to grow by 6.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026Rp793.5tRp191.3tRp27.1t20.8x29.3x4.1x
Tue, 20 Jan 2026Rp994.1tRp191.5tRp27.2t23.9x36.6x5.2x
Thu, 18 Dec 2025Rp913.3tRp191.5tRp27.2t23.5x33.6x4.8x
Sat, 15 Nov 2025Rp777.6tRp191.2tRp26.9t21.6x28.9x4.1x
Mon, 13 Oct 2025Rp603.0tRp191.3tRp28.9t21.7x20.9x3.2x
Wed, 10 Sep 2025Rp594.4tRp191.1tRp28.8t22.7x20.7x3.1x
Fri, 08 Aug 2025Rp584.8tRp190.9tRp28.8t21.5x20.3x3.1x
Sun, 06 Jul 2025Rp595.9tRp193.9tRp28.6t18.1x20.9x3.1x
Tue, 03 Jun 2025Rp628.2tRp193.9tRp28.7t19.4x21.9x3.2x
Thu, 01 May 2025Rp609.2tRp194.2tRp27.9t19.8x21.9x3.1x
Sat, 29 Mar 2025Rp564.8tRp191.9tRp28.7t21.9x19.7x2.9x
Mon, 24 Feb 2025Rp617.7tRp191.4tRp28.4t24.8x21.7x3.2x
Wed, 22 Jan 2025Rp556.0tRp190.7tRp28.0t25.8x19.9x2.9x
Fri, 20 Dec 2024Rp537.3tRp190.7tRp28.0t21x19.2x2.8x
Sun, 17 Nov 2024Rp582.8tRp192.6tRp29.1t22.5x20x3x
Tue, 15 Oct 2024Rp634.4tRp193.2tRp30.4t23.5x20.9x3.3x
Thu, 12 Sep 2024Rp680.9tRp193.1tRp31.4t22.4x21.7x3.5x
Sat, 10 Aug 2024Rp568.0tRp193.1tRp31.4t17.8x18.1x2.9x
Mon, 08 Jul 2024Rp573.7tRp192.5tRp32.0t22.4x17.9x3x
Wed, 05 Jun 2024Rp554.9tRp192.5tRp33.0t25.1x16.8x2.9x
Fri, 03 May 2024Rp575.3tRp192.3tRp33.1t24.6x17.4x3x
Sun, 31 Mar 2024Rp619.4tRp190.4tRp33.8t25.2x18.3x3.3x
Tue, 27 Feb 2024Rp686.0tRp191.1tRp32.8t24.3x20.9x3.6x
Thu, 25 Jan 2024Rp678.1tRp191.2tRp33.1t21.9x20.5x3.5x
Sat, 23 Dec 2023Rp684.6tRp191.1tRp33.0t23.1x20.7x3.6x
Mon, 20 Nov 2023Rp641.2tRp190.9tRp33.2t21.2x19.3x3.4x
Wed, 18 Oct 2023Rp658.1tRp189.7tRp29.8t26x22.1x3.5x
Fri, 15 Sep 2023Rp658.8tRp189.8tRp29.9t29.1x22.1x3.5x
Sun, 13 Aug 2023Rp656.7tRp189.8tRp29.9t30.1x22x3.5x
Tue, 11 Jul 2023Rp672.0tRp188.7tRp30.7t29.2x21.9x3.6x
Thu, 08 Jun 2023Rp686.9tRp188.7tRp30.7t28.8x22.4x3.6x
Sat, 06 May 2023Rp689.6tRp188.5tRp30.9t24.9x22.3x3.7x
Mon, 03 Apr 2023Rp682.6tRp187.0tRp29.4t26.1x23.2x3.6x
Wed, 01 Mar 2023Rp671.2tRp185.2tRp31.4t22.5x21.4x3.6x
Price to Earnings Ratio

21.4x


Total Market Cap: Rp671.2tTotal Earnings: Rp31.4tTotal Revenue: Rp185.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.6x202420252026
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 29.3x which is higher than its 3-year average PE of 21.6x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.1x.
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 Market0.43%
Telecom3.03%
Telecom Services and Carriers1.88%
Integrated Telecom Services2.61%
Alternative Carriers-1.48%
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 6.6%, 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 6.6% 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 6.6% 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 IndonesiaRp7.40k7.6%
+Rp12.4t		1,501.7%PE627.6x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.48k0.9%
+Rp3.0t		31.3%PE15.8x
TBIG Tower Bersama InfrastructureRp1.77k2.9%
+Rp1.1t		-21.0%PE30.3x
BALI Bali Towerindo SentraRp1.54k13.7%
+Rp727.9b		2.3%PE33.9x
DATA Remala AbadiRp4.25k12.7%
+Rp660.0b		100.5%PE53.6x

Latest News

LINK
Rp2,350.00
Link Net
7D
-15.8%
1Y
8.8%
TOWR
Rp515.00
Sarana Menara Nusantara
7D
-1.9%
1Y
-13.4%

TOWR: Share Buyback Plan Will Support A Higher Future Market Rating

Analysts have adjusted their price target on Sarana Menara Nusantara to reflect updated assumptions on discount rate, revenue growth, profit margin, and future P/E. This has resulted in a revised fair value estimate of IDR 1,108.45.
GHON
Rp1,800.00
Gihon Telekomunikasi Indonesia
7D
1.1%
1Y
15.8%
TLKM
Rp3,480.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
0.9%
1Y
31.3%

TLKM: Infrastructure Spinoff And Streamlining Will Unlock Future Equity Value

Analysts have lifted their price target on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 4,000 from IDR 3,400, citing expectations that the infrastructure spinoff and streamlining efforts could help surface additional value in the business. Analyst Commentary Bullish Takeaways Bullish analysts highlight the higher price target of IDR 4,000 as a reflection of what they see as underrecognized value tied to the planned infrastructure spinoff and streamlining plans.
JAST
Rp124.00
PT. Jasnita Telekomindo
7D
20.4%
1Y
110.2%
BALI
Rp1,535.00
Bali Towerindo Sentra
7D
13.7%
1Y
2.3%
TBIG
Rp1,770.00
Tower Bersama Infrastructure
7D
2.9%
1Y
-21.0%
DATA
Rp4,250.00
Remala Abadi
7D
12.7%
1Y
100.5%
CENT
Rp131.00
Centratama Telekomunikasi Indonesia
7D
4.8%
1Y
211.9%
KETR
Rp625.00
Ketrosden Triasmitra
7D
-6.7%
1Y
255.1%
MTEL
Rp540.00
Dayamitra Telekomunikasi
7D
-1.8%
1Y
-15.6%
GOLD
Rp310.00
Visi Telekomunikasi Infrastruktur
7D
-2.5%
1Y
14.8%
DNET
Rp9,000.00
Indoritel Makmur Internasional
7D
-0.6%
1Y
-7.5%
MORA
Rp7,400.00
Mora Telematika Indonesia
7D
7.6%
1Y
1,501.7%