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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies16
  • 7D6.7%
  • 3M57.0%
  • 1Y67.8%
  • YTD67.8%

Over the last 7 days, the Telecom Services and Carriers industry has risen 8.5%, driven by gains from Mora Telematika Indonesia of 23%. In the last 12 months, the industry was up 68%. 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
Thu, 01 Jan 2026Rp949.9tRp191.5tRp27.2t23.9x35x5x
Sat, 29 Nov 2025Rp784.0tRp191.5tRp27.2t21.3x28.9x4.1x
Mon, 27 Oct 2025Rp640.6tRp191.4tRp28.9t22.8x22.2x3.3x
Wed, 24 Sep 2025Rp608.4tRp191.3tRp28.9t22.3x21.1x3.2x
Fri, 22 Aug 2025Rp617.1tRp190.9tRp28.8t21.1x21.4x3.2x
Sun, 20 Jul 2025Rp563.7tRp192.1tRp27.5t19x20.5x2.9x
Tue, 17 Jun 2025Rp608.0tRp193.9tRp28.7t18.8x21.2x3.1x
Thu, 15 May 2025Rp612.9tRp193.7tRp28.6t19.1x21.4x3.2x
Sat, 12 Apr 2025Rp559.0tRp194.3tRp26.8t19.5x20.8x2.9x
Mon, 10 Mar 2025Rp580.4tRp191.6tRp28.5t24.2x20.4x3x
Wed, 05 Feb 2025Rp554.1tRp190.7tRp28.0t25.3x19.8x2.9x
Fri, 03 Jan 2025Rp559.4tRp190.7tRp28.0t23.9x20x2.9x
Sun, 01 Dec 2024Rp554.9tRp190.7tRp28.0t23.9x19.8x2.9x
Tue, 29 Oct 2024Rp629.6tRp193.2tRp30.3t23.2x20.8x3.3x
Thu, 26 Sep 2024Rp662.4tRp193.1tRp31.4t21.9x21.1x3.4x
Sat, 24 Aug 2024Rp577.8tRp193.1tRp31.4t17.6x18.4x3x
Mon, 22 Jul 2024Rp549.9tRp190.6tRp30.9t18.8x17.8x2.9x
Wed, 19 Jun 2024Rp538.8tRp192.5tRp33.0t21.3x16.3x2.8x
Fri, 17 May 2024Rp572.0tRp192.5tRp33.0t24.8x17.3x3x
Sun, 14 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Tue, 12 Mar 2024Rp657.9tRp191.3tRp32.8t26x20x3.4x
Thu, 08 Feb 2024Rp672.8tRp191.2tRp33.1t22.1x20.4x3.5x
Sat, 06 Jan 2024Rp686.7tRp191.2tRp33.1t22.4x20.8x3.6x
Mon, 04 Dec 2023Rp671.0tRp190.9tRp33.0t20.8x20.3x3.5x
Wed, 01 Nov 2023Rp610.4tRp189.7tRp29.8t25.5x20.5x3.2x
Fri, 29 Sep 2023Rp650.3tRp189.7tRp29.8t26.9x21.8x3.4x
Sun, 27 Aug 2023Rp658.3tRp189.8tRp29.9t29.9x22x3.5x
Tue, 25 Jul 2023Rp663.8tRp188.7tRp30.7t29.6x21.6x3.5x
Thu, 22 Jun 2023Rp672.4tRp188.7tRp30.7t30.4x21.9x3.6x
Sat, 20 May 2023Rp672.5tRp188.7tRp30.7t29.4x21.9x3.6x
Mon, 17 Apr 2023Rp710.9tRp187.1tRp30.9t25.7x23x3.8x
Wed, 15 Mar 2023Rp680.1tRp185.5tRp31.6t23.7x21.5x3.7x
Fri, 10 Feb 2023Rp654.7tRp185.2tRp31.4t22.1x20.8x3.5x
Sun, 08 Jan 2023Rp660.3tRp185.2tRp31.4t23.3x21x3.6x
Price to Earnings Ratio

21x


Total Market Cap: Rp660.3tTotal 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 35.0x 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 5.0x.
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 Market1.58%
Telecom6.52%
Telecom Services and Carriers6.72%
Integrated Telecom Services7.54%
Alternative Carriers2.33%
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 IndonesiaRp12.05k18.1%
+Rp43.7t		2,463.8%PE1021.9x
MTEL Dayamitra TelekomunikasiRp700.009.4%
+Rp4.9t		8.5%PE27x
TBIG Tower Bersama InfrastructureRp2.68k7.6%
+Rp4.2t		27.6%PE45.9x
DNET Indoritel Makmur InternasionalRp9.08k1.7%
+Rp2.1t		0.8%PE110.4x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.48k0.6%
+Rp2.0t		28.4%PE15.8x

Latest News

MTEL
Rp700.00
Dayamitra Telekomunikasi
7D
9.4%
1Y
8.5%
TBIG
Rp2,680.00
Tower Bersama Infrastructure
7D
7.6%
1Y
27.6%
TLKM
Rp3,480.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
0.6%
1Y
28.4%

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.
BALI
Rp1,780.00
Bali Towerindo Sentra
7D
11.9%
1Y
2.0%
GOLD
Rp330.00
Visi Telekomunikasi Infrastruktur
7D
-1.2%
1Y
16.2%
LINK
Rp4,070.00
Link Net
7D
9.7%
1Y
239.2%
DNET
Rp9,075.00
Indoritel Makmur Internasional
7D
1.7%
1Y
0.8%
MORA
Rp12,050.00
Mora Telematika Indonesia
7D
18.1%
1Y
2,463.8%
IBST
Rp5,200.00
Inti Bangun Sejahtera
7D
6.6%
1Y
3.5%