Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies16
  • 7D-6.1%
  • 3M-3.8%
  • 1Y15.1%
  • YTD-29.8%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.7%, driven by pullbacks in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia and Mora Telematika Indonesia of 7.5% and 9.8%, respectively. In contrast, Dayamitra Telekomunikasi has gained 8.9%. This takes the industry's 12 month performance to a gain of 19%. Earnings are forecast to grow by 9.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Jul 2026Rp659.0tRp192.6tRp23.4t22.8x28.1x3.4x
Fri, 29 May 2026Rp729.0tRp191.8tRp24.3t19.6x30x3.8x
Sun, 26 Apr 2026Rp680.1tRp192.4tRp28.3t23.7x24x3.5x
Tue, 24 Mar 2026Rp671.2tRp191.7tRp27.4t20.1x24.5x3.5x
Thu, 19 Feb 2026Rp802.4tRp191.5tRp27.2t21.2x29.6x4.2x
Sat, 17 Jan 2026Rp984.4tRp191.5tRp27.2t23.7x36.3x5.1x
Mon, 15 Dec 2025Rp911.1tRp191.5tRp27.2t24.3x33.6x4.8x
Wed, 12 Nov 2025Rp714.6tRp191.2tRp26.9t21.6x26.6x3.7x
Fri, 10 Oct 2025Rp595.7tRp191.3tRp28.9t21.9x20.6x3.1x
Sun, 07 Sep 2025Rp610.3tRp191.1tRp28.8t22.5x21.2x3.2x
Tue, 05 Aug 2025Rp594.5tRp190.8tRp28.4t21.5x21x3.1x
Thu, 03 Jul 2025Rp614.1tRp193.9tRp28.6t18.5x21.5x3.2x
Sat, 31 May 2025Rp631.3tRp193.7tRp28.6t19.7x22x3.3x
Mon, 28 Apr 2025Rp598.7tRp194.2tRp27.9t19.2x21.5x3.1x
Wed, 26 Mar 2025Rp554.2tRp191.7tRp28.5t21.5x19.4x2.9x
Fri, 21 Feb 2025Rp564.5tRp189.6tRp27.3t24.5x20.6x3x
Sun, 19 Jan 2025Rp554.6tRp190.7tRp28.0t24.6x19.8x2.9x
Tue, 17 Dec 2024Rp552.7tRp190.7tRp28.0t21.7x19.7x2.9x
Thu, 14 Nov 2024Rp587.8tRp191.6tRp28.6t22.6x20.6x3.1x
Sat, 12 Oct 2024Rp632.9tRp193.2tRp30.4t23.5x20.8x3.3x
Mon, 09 Sep 2024Rp670.7tRp193.1tRp31.4t18.2x21.4x3.5x
Wed, 07 Aug 2024Rp560.7tRp193.1tRp31.5t18.1x17.8x2.9x
Fri, 05 Jul 2024Rp571.5tRp192.5tRp33.0t25.7x17.3x3x
Sun, 02 Jun 2024Rp552.0tRp192.5tRp33.0t24.8x16.7x2.9x
Tue, 30 Apr 2024Rp566.7tRp192.1tRp33.1t23.7x17.1x2.9x
Thu, 28 Mar 2024Rp620.3tRp190.5tRp33.7t25.3x18.4x3.3x
Sat, 24 Feb 2024Rp685.6tRp191.1tRp32.8t24.6x20.9x3.6x
Mon, 22 Jan 2024Rp673.9tRp191.2tRp33.1t24.2x20.4x3.5x
Wed, 20 Dec 2023Rp685.2tRp191.1tRp33.0t20.8x20.7x3.6x
Fri, 17 Nov 2023Rp640.4tRp190.9tRp33.2t21.8x19.3x3.4x
Sun, 15 Oct 2023Rp658.1tRp189.7tRp29.8t26x22.1x3.5x
Tue, 12 Sep 2023Rp658.9tRp189.8tRp29.9t29.9x22.1x3.5x
Thu, 10 Aug 2023Rp648.7tRp189.8tRp29.9t30.3x21.7x3.4x
Sat, 08 Jul 2023Rp673.2tRp188.7tRp30.7t29.7x22x3.6x
Price to Earnings Ratio

22x


Total Market Cap: Rp673.2tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.2x202420252026
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 29.2x which is higher than its 3-year average PE of 22.2x.
  • 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 8.6% 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-7.49%
Telecom-6.50%
Telecom Services and Carriers-6.09%
Alternative Carriers-4.96%
Integrated Telecom Services-6.40%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.4x.
    • Analysts are expecting annual earnings growth of 9.9%, 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 9.9% 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 9.9% 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
MTEL Dayamitra TelekomunikasiRp540.008.9%
+Rp3.6t		-0.9%PE20.5x

Latest News

LINK
Rp1,370.00
Link Net
7D
-6.2%
1Y
-11.9%
BALI
Rp1,200.00
Bali Towerindo Sentra
7D
-18.6%
1Y
-33.7%
TLKM
Rp2,350.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-7.5%
1Y
-16.4%
Narrative Update • Jun 23

TLKM: Share Buyback And Dividend Policy Will Support Future Upside

Analysts have trimmed their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 3,629 from IDR 3,673, citing updated assumptions for slightly lower revenue growth, a modestly softer profit margin and a higher expected future P/E multiple. What's in the News Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced an annual dividend of IDR 223.1659 per share, with an ex dividend date of June 18, 2026, a record date of June 19, 2026, and payment scheduled for July 10, 2026.
DATA
Rp1,985.00
Remala Abadi
7D
-8.5%
1Y
58.8%
TOWR
Rp364.00
Sarana Menara Nusantara
7D
-1.6%
1Y
-26.3%
Narrative Update • Jun 18

TOWR: Special Shareholder Meeting Will Support Future Share Price Upside

Analysts have reduced their fair value estimate for Sarana Menara Nusantara to IDR950 from IDR1,025, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Sarana Menara Nusantara PT Sarana Menara Nusantara Tbk has scheduled a Special or Extraordinary Shareholders Meeting for May 20, 2026.
TBIG
Rp1,415.00
Tower Bersama Infrastructure
7D
-1.4%
1Y
-33.3%
DNET
Rp9,800.00
Indoritel Makmur Internasional
7D
-4.9%
1Y
0%
MORA
Rp6,900.00
Mora Telematika Indonesia
7D
-9.8%
1Y
1,475.3%
MTEL
Rp540.00
Dayamitra Telekomunikasi
7D
8.9%
1Y
-0.9%