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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies16
  • 7D1.7%
  • 3M49.5%
  • 1Y57.1%
  • YTD57.2%

The Telecom Services and Carriers industry is up 1.7% in the last week, with Mora Telematika Indonesia up 7.9%. This takes the industry's 12 month performance to a gain of 57%. Looking forward, earnings are forecast to grow by 6.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Dec 2025Rp890.1tRp191.5tRp27.2t24.2x32.8x4.6x
Thu, 27 Nov 2025Rp798.9tRp191.5tRp27.2t22.1x29.4x4.2x
Sat, 25 Oct 2025Rp640.6tRp191.4tRp28.9t22.8x22.2x3.3x
Mon, 22 Sep 2025Rp613.1tRp191.3tRp28.9t22.9x21.2x3.2x
Wed, 20 Aug 2025Rp617.8tRp190.9tRp28.8t21.1x21.5x3.2x
Fri, 18 Jul 2025Rp565.3tRp192.1tRp27.5t18.7x20.6x2.9x
Sun, 15 Jun 2025Rp612.6tRp193.9tRp28.7t19.3x21.3x3.2x
Tue, 13 May 2025Rp612.9tRp193.7tRp28.6t19.1x21.4x3.2x
Thu, 10 Apr 2025Rp551.9tRp194.3tRp26.8t18.5x20.6x2.8x
Sat, 08 Mar 2025Rp580.1tRp191.6tRp28.5t24.2x20.3x3x
Mon, 03 Feb 2025Rp557.0tRp190.7tRp28.0t24.1x19.9x2.9x
Wed, 01 Jan 2025Rp560.0tRp190.7tRp28.0t23.5x20x2.9x
Fri, 29 Nov 2024Rp606.0tRp192.6tRp29.1t23.5x20.8x3.1x
Sun, 27 Oct 2024Rp629.6tRp193.2tRp30.3t23x20.8x3.3x
Tue, 24 Sep 2024Rp657.0tRp193.1tRp31.4t22.7x20.9x3.4x
Thu, 22 Aug 2024Rp584.5tRp193.1tRp31.4t17.6x18.6x3x
Sat, 20 Jul 2024Rp557.8tRp190.6tRp30.9t18.8x18x2.9x
Mon, 17 Jun 2024Rp538.8tRp192.5tRp33.0t21.3x16.3x2.8x
Wed, 15 May 2024Rp575.6tRp192.5tRp33.0t23.2x17.4x3x
Fri, 12 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Sun, 10 Mar 2024Rp657.9tRp191.3tRp32.8t26x20x3.4x
Tue, 06 Feb 2024Rp676.0tRp191.2tRp33.1t22.7x20.5x3.5x
Thu, 04 Jan 2024Rp685.2tRp191.2tRp33.1t21x20.7x3.6x
Sat, 02 Dec 2023Rp671.0tRp191.0tRp33.2t20.8x20.2x3.5x
Mon, 30 Oct 2023Rp618.2tRp189.7tRp29.8t25.5x20.8x3.3x
Wed, 27 Sep 2023Rp652.9tRp189.7tRp29.8t26.4x21.9x3.4x
Fri, 25 Aug 2023Rp657.4tRp189.8tRp29.9t29.7x22x3.5x
Sun, 23 Jul 2023Rp660.4tRp188.7tRp30.7t29.5x21.5x3.5x
Tue, 20 Jun 2023Rp668.2tRp188.7tRp30.7t30.4x21.8x3.5x
Thu, 18 May 2023Rp668.3tRp188.7tRp30.7t29.7x21.8x3.5x
Sat, 15 Apr 2023Rp711.6tRp187.1tRp30.9t25.9x23x3.8x
Mon, 13 Mar 2023Rp683.3tRp185.5tRp31.6t24x21.6x3.7x
Wed, 08 Feb 2023Rp659.6tRp185.2tRp31.4t22.2x21x3.6x
Fri, 06 Jan 2023Rp668.3tRp185.2tRp31.4t24.1x21.3x3.6x
Price to Earnings Ratio

21.3x


Total Market Cap: Rp668.3tTotal Earnings: Rp31.4tTotal Revenue: Rp185.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.1x20242025
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 32.8x 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 4.6x.
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-1.35%
Telecom2.19%
Telecom Services and Carriers1.67%
Integrated Telecom Services1.72%
Alternative Carriers1.38%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.0x.
    • 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 IndonesiaRp10.93k7.9%
+Rp18.9t		2,224.5%PE926.5x
TBIG Tower Bersama InfrastructureRp2.81k31.3%
+Rp14.9t		33.8%PE48.1x
MTEL Dayamitra TelekomunikasiRp655.009.2%
+Rp4.5t		1.6%PE25.2x
DNET Indoritel Makmur InternasionalRp9.00k2.0%
+Rp2.5t		0%PE109.5x
LINK Link NetRp4.30k22.9%
+Rp2.2t		258.3%PS3.6x

Latest News

MTEL
Rp655.00
Dayamitra Telekomunikasi
7D
9.2%
1Y
1.6%
TBIG
Rp2,810.00
Tower Bersama Infrastructure
7D
31.3%
1Y
33.8%
TLKM
Rp3,490.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
0.6%
1Y
28.8%

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.
TOWR
Rp595.00
Sarana Menara Nusantara
7D
2.6%
1Y
-9.2%

TOWR: Higher Required Returns Will Still Support A Bullish Outlook

Analysts have trimmed their price target for Sarana Menara Nusantara from approximately Rp1,175 to around Rp1,096. They cite a higher required return and slightly softer revenue growth expectations, partly offset by a modestly improved profit margin outlook and a richer projected forward P/E multiple.
BALI
Rp1,630.00
Bali Towerindo Sentra
7D
-5.0%
1Y
-6.6%
LINK
Rp4,300.00
Link Net
7D
22.9%
1Y
258.3%
DNET
Rp9,000.00
Indoritel Makmur Internasional
7D
2.0%
1Y
0%
MORA
Rp10,925.00
Mora Telematika Indonesia
7D
7.9%
1Y
2,224.5%
IBST
Rp5,200.00
Inti Bangun Sejahtera
7D
7.2%
1Y
3.5%