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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies16
  • 7D-19.2%
  • 3M6.0%
  • 1Y32.2%
  • YTD-21.9%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 19%, driven by Mora Telematika Indonesia declining 52%. In the past year, the industry has gained 32%. 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
Mon, 09 Feb 2026Rp733.9tRp191.5tRp27.2t20.4x27x3.8x
Wed, 07 Jan 2026Rp954.7tRp191.5tRp27.2t25x35.2x5x
Fri, 05 Dec 2025Rp864.4tRp191.5tRp27.2t22.6x31.8x4.5x
Sun, 02 Nov 2025Rp645.3tRp191.2tRp27.1t21.6x23.8x3.4x
Tue, 30 Sep 2025Rp599.0tRp191.3tRp28.9t22.1x20.8x3.1x
Thu, 28 Aug 2025Rp624.5tRp191.2tRp28.9t23.5x21.6x3.3x
Sat, 26 Jul 2025Rp569.8tRp192.1tRp27.5t20.6x20.7x3x
Mon, 23 Jun 2025Rp589.0tRp193.9tRp28.7t17.9x20.5x3x
Wed, 21 May 2025Rp624.2tRp193.7tRp28.6t19.2x21.8x3.2x
Fri, 18 Apr 2025Rp586.3tRp194.4tRp26.8t19.5x21.9x3x
Sun, 16 Mar 2025Rp572.0tRp191.5tRp28.5t23.4x20.1x3x
Tue, 11 Feb 2025Rp534.7tRp190.7tRp28.0t22.9x19.1x2.8x
Thu, 09 Jan 2025Rp557.4tRp190.7tRp28.0t23.3x19.9x2.9x
Sat, 07 Dec 2024Rp563.1tRp190.7tRp28.0t23.9x20.1x3x
Mon, 04 Nov 2024Rp613.2tRp192.3tRp29.5t23.5x20.8x3.2x
Wed, 02 Oct 2024Rp644.1tRp193.1tRp31.4t23.5x20.5x3.3x
Fri, 30 Aug 2024Rp591.7tRp193.1tRp31.4t19.5x18.8x3.1x
Sun, 28 Jul 2024Rp589.5tRp192.5tRp32.0t21.6x18.4x3.1x
Tue, 25 Jun 2024Rp560.6tRp192.5tRp33.0t23.8x17x2.9x
Thu, 23 May 2024Rp557.7tRp192.5tRp33.0t24.6x16.9x2.9x
Sat, 20 Apr 2024Rp586.3tRp190.7tRp33.4t24.7x17.5x3.1x
Mon, 18 Mar 2024Rp665.9tRp191.3tRp32.8t25.6x20.3x3.5x
Wed, 14 Feb 2024Rp672.1tRp191.1tRp32.8t22.6x20.5x3.5x
Fri, 12 Jan 2024Rp690.6tRp191.2tRp33.1t25.9x20.9x3.6x
Sun, 10 Dec 2023Rp680.0tRp191.1tRp33.0t21x20.6x3.6x
Tue, 07 Nov 2023Rp639.8tRp191.0tRp33.2t21x19.3x3.3x
Thu, 05 Oct 2023Rp651.5tRp189.7tRp29.8t26.9x21.9x3.4x
Sat, 02 Sep 2023Rp662.0tRp189.8tRp29.9t29.2x22.2x3.5x
Mon, 31 Jul 2023Rp644.0tRp189.3tRp29.8t28.6x21.6x3.4x
Wed, 28 Jun 2023Rp675.4tRp188.7tRp30.7t29.5x22x3.6x
Fri, 26 May 2023Rp673.5tRp188.7tRp30.7t29.1x22x3.6x
Sun, 23 Apr 2023Rp703.3tRp187.2tRp30.7t25.4x22.9x3.8x
Tue, 21 Mar 2023Rp678.7tRp185.5tRp31.4t25.8x21.6x3.7x
Thu, 16 Feb 2023Rp662.0tRp185.2tRp31.4t21.9x21.1x3.6x
Price to Earnings Ratio

21.1x


Total Market Cap: Rp662.0tTotal 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 27.0x 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 3.8x.
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 Market-4.59%
Telecom-21.17%
Telecom Services and Carriers-19.25%
Alternative Carriers-1.44%
Integrated Telecom Services-22.38%
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
GHON Gihon Telekomunikasi IndonesiaRp1.80k0.8%
+Rp8.3b		14.0%PE11.6x

Latest News

BALI
Rp1,285.00
Bali Towerindo Sentra
7D
-10.5%
1Y
-6.5%
TBIG
Rp1,695.00
Tower Bersama Infrastructure
7D
-5.0%
1Y
-19.7%
DATA
Rp3,400.00
Remala Abadi
7D
-19.2%
1Y
265.6%
KETR
Rp640.00
Ketrosden Triasmitra
7D
-14.7%
1Y
276.5%
TLKM
Rp3,380.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-6.1%
1Y
30.5%

TLKM: Infrastructure Spinoff And Streamlining Will Unlock Future Capital Benefits

Analysts have nudged their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia slightly higher to IDR 4,500, citing updated assumptions on growth, margins and future P/E, along with recent Street research highlighting potential capital benefits from the company’s infrastructure spinoff and streamlining plans. Analyst Commentary Recent Street commentary has turned more constructive on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia, with bullish analysts pointing to valuation support and potential capital benefits from the planned infrastructure spinoff and streamlining efforts.
GHON
Rp1,795.00
Gihon Telekomunikasi Indonesia
7D
0.8%
1Y
14.0%
MTEL
Rp530.00
Dayamitra Telekomunikasi
7D
-4.5%
1Y
-18.5%
LINK
Rp1,820.00
Link Net
7D
-24.8%
1Y
-15.7%
MORA
Rp5,550.00
Mora Telematika Indonesia
7D
-52.5%
1Y
1,345.3%