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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies16
  • 7D-0.01%
  • 3M-13.0%
  • 1Y16.1%
  • YTD-28.5%

In the last week, the Telecom Services and Carriers industry is flat overall, with Tower Bersama Infrastructure standing out by going down 8.8%. As for the the longer term, the industry is up 16% over the past 12 months. As for the next few years, earnings are expected to grow by 6.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 06 May 2026Rp672.6tRp192.5tRp28.3t24.6x23.7x3.5x
Fri, 03 Apr 2026Rp668.9tRp191.9tRp28.2t19.3x23.7x3.5x
Sun, 01 Mar 2026Rp765.2tRp191.3tRp27.1t20.2x28.2x4x
Tue, 27 Jan 2026Rp1031.4tRp191.5tRp27.2t22.5x38x5.4x
Thu, 25 Dec 2025Rp890.1tRp191.5tRp27.2t24.2x32.8x4.6x
Sat, 22 Nov 2025Rp773.4tRp191.5tRp27.2t22x28.5x4x
Mon, 20 Oct 2025Rp592.5tRp191.3tRp28.9t22.8x20.5x3.1x
Wed, 17 Sep 2025Rp620.8tRp191.1tRp28.8t22.5x21.6x3.2x
Fri, 15 Aug 2025Rp634.2tRp190.9tRp28.8t21.1x22x3.3x
Sun, 13 Jul 2025Rp556.7tRp192.1tRp27.5t18.1x20.3x2.9x
Tue, 10 Jun 2025Rp629.4tRp193.9tRp28.7t18.7x21.9x3.2x
Thu, 08 May 2025Rp618.3tRp193.5tRp28.8t19.2x21.5x3.2x
Sat, 05 Apr 2025Rp566.2tRp194.3tRp26.9t20.8x21.1x2.9x
Mon, 03 Mar 2025Rp567.3tRp191.4tRp28.4t23.7x19.9x3x
Wed, 29 Jan 2025Rp564.3tRp190.7tRp28.0t26.2x20.2x3x
Fri, 27 Dec 2024Rp558.5tRp190.7tRp28.0t23.8x19.9x2.9x
Sun, 24 Nov 2024Rp607.9tRp192.6tRp29.1t23.5x20.9x3.2x
Tue, 22 Oct 2024Rp648.4tRp193.2tRp30.4t23x21.4x3.4x
Thu, 19 Sep 2024Rp652.5tRp193.1tRp31.4t23.3x20.8x3.4x
Sat, 17 Aug 2024Rp572.3tRp193.1tRp31.4t17.7x18.2x3x
Mon, 15 Jul 2024Rp603.3tRp192.5tRp32.0t22x18.8x3.1x
Wed, 12 Jun 2024Rp573.1tRp192.5tRp33.0t24.3x17.4x3x
Fri, 10 May 2024Rp571.2tRp192.5tRp33.0t23.2x17.3x3x
Sun, 07 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Tue, 05 Mar 2024Rp668.2tRp191.1tRp32.8t24.1x20.3x3.5x
Thu, 01 Feb 2024Rp674.7tRp191.2tRp33.1t22x20.4x3.5x
Sat, 30 Dec 2023Rp685.6tRp191.1tRp33.0t20.8x20.8x3.6x
Mon, 27 Nov 2023Rp648.8tRp190.9tRp33.2t21.5x19.6x3.4x
Wed, 25 Oct 2023Rp630.5tRp189.7tRp29.8t23.9x21.2x3.3x
Fri, 22 Sep 2023Rp660.3tRp189.7tRp29.8t25.5x22.2x3.5x
Sun, 20 Aug 2023Rp659.4tRp189.8tRp29.9t30.3x22.1x3.5x
Tue, 18 Jul 2023Rp663.3tRp188.7tRp30.7t29x21.6x3.5x
Thu, 15 Jun 2023Rp672.8tRp188.7tRp30.7t29.8x21.9x3.6x
Sat, 13 May 2023Rp683.8tRp188.7tRp31.0t25.1x22x3.6x
Price to Earnings Ratio

22x


Total Market Cap: Rp683.8tTotal Earnings: Rp31.0tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indonesian Telecom industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 21.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 3.0% 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 Market0.19%
Telecom1.20%
Telecom Services and Carriers-0.014%
Integrated Telecom Services0.042%
Alternative Carriers-0.23%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 18.3x.
    • Analysts are expecting annual earnings growth of 6.8%, 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 6.8% 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 6.8% 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 IndonesiaRp5.23k10.0%
+Rp11.2t		1,132.3%PE261.4x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp2.90k1.0%
+Rp3.0t		10.7%PE13.2x
TOWR Sarana Menara NusantaraRp480.000.4%
+Rp116.4b		-18.6%PE7.6x
BALI Bali Towerindo SentraRp1.28k1.6%
+Rp78.7b		3.2%PE27.2x
CENT Centratama Telekomunikasi IndonesiaRp104.001.0%
+Rp31.2b		-2.8%PS1.3x

Latest News

MORA
Rp5,225.00
Mora Telematika Indonesia
7D
10.0%
1Y
1,132.3%
MTEL
Rp510.00
Dayamitra Telekomunikasi
7D
-1.0%
1Y
-15.0%
KBLV
Rp120.00
First Media
7D
-1.6%
1Y
0.8%
TLKM
Rp2,900.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
1.0%
1Y
10.7%
TBIG
Rp1,645.00
Tower Bersama Infrastructure
7D
-11.3%
1Y
-25.2%
DATA
Rp2,040.00
Remala Abadi
7D
-4.7%
1Y
46.8%
GHON
Rp1,810.00
Gihon Telekomunikasi Indonesia
7D
0.8%
1Y
16.8%
TOWR
Rp480.00
Sarana Menara Nusantara
7D
0.4%
1Y
-18.6%

TOWR: Share Buyback Authorization Will Support Future Upside Potential

Analysts have kept the IDR fair value for Sarana Menara Nusantara steady at IDR 1,025, while refining assumptions around the discount rate, revenue growth, profit margins and future P/E to reflect updated views on the company’s risk profile and earnings outlook. What's in the News The Board of Directors authorized a share buyback plan on February 2, 2026, signaling an intent to repurchase shares within a defined program period (Key Developments).
BALI
Rp1,280.00
Bali Towerindo Sentra
7D
1.6%
1Y
3.2%
LINK
Rp1,730.00
Link Net
7D
-3.9%
1Y
1.8%
CENT
Rp104.00
Centratama Telekomunikasi Indonesia
7D
1.0%
1Y
-2.8%
KETR
Rp515.00
Ketrosden Triasmitra
7D
1.0%
1Y
155.0%