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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies16
  • 7D2.2%
  • 3M-28.2%
  • 1Y33.5%
  • YTD-27.2%

Last week, the Telecom Services and Carriers industry hasn't moved much but Mora Telematika Indonesia is up 8.3% in that time. The past year has been better, since the industry has gained 35% in that time. 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
Fri, 10 Apr 2026Rp684.4tRp192.0tRp28.2t19.8x24.3x3.6x
Sun, 08 Mar 2026Rp710.7tRp191.3tRp27.1t19.8x26.2x3.7x
Tue, 03 Feb 2026Rp853.4tRp191.5tRp27.2t21.1x31.4x4.5x
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
Price to Earnings Ratio

23x


Total Market Cap: Rp710.9tTotal Earnings: Rp30.9tTotal Revenue: Rp187.1tTotal 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 optimistic on the Indonesian Telecom industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.2x which is higher than its 3-year average PE 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 3.1% 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 Market5.12%
Telecom4.68%
Telecom Services and Carriers2.24%
Integrated Telecom Services2.96%
Alternative Carriers-0.60%
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 6.6%, which is lower than the prior year's growth of 10.3% 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.
  • However this is lower than its past earnings growth rate of 10% 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 IndonesiaRp4.43k8.3%
+Rp8.0t		1,013.1%PE233.6x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.21k2.6%
+Rp7.9t		37.8%PE14.6x
TBIG Tower Bersama InfrastructureRp1.72k5.5%
+Rp2.0t		-11.4%PE27.2x
IBST Inti Bangun SejahteraRp5.83k29.4%
+Rp1.8t		n/aPE19.1x
BALI Bali Towerindo SentraRp1.29k1.2%
+Rp59.0b		-1.9%PE27.8x

Latest News

IBST
Rp5,825.00
Inti Bangun Sejahtera
7D
29.4%
1Y
n/a
TLKM
Rp3,210.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
2.6%
1Y
37.8%

TLKM: NeutraDC Stake Talks And Governance Events Will Shape Fairly Valued Outlook

Analysts now see Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia's fair value holding at IDR 3,169.91, with the modest shifts in discount rate, revenue growth and profit margin assumptions resulting in only a slight tweak in the implied future P/E outlook. What's in the News M&A discussions are ongoing around a potential sale of a majority stake in Telkom Indonesia's data center unit, NeutraDC.
GHON
Rp1,800.00
Gihon Telekomunikasi Indonesia
7D
2.3%
1Y
22.0%
DATA
Rp1,980.00
Remala Abadi
7D
-9.2%
1Y
93.2%
TOWR
Rp486.00
Sarana Menara Nusantara
7D
-1.6%
1Y
-5.6%
JAST
Rp98.00
PT. Jasnita Telekomindo
7D
-1.0%
1Y
78.2%
TBIG
Rp1,715.00
Tower Bersama Infrastructure
7D
5.5%
1Y
-11.4%
MORA
Rp4,430.00
Mora Telematika Indonesia
7D
8.3%
1Y
1,013.1%
CENT
Rp95.00
Centratama Telekomunikasi Indonesia
7D
-3.1%
1Y
26.7%
GOLD
Rp292.00
Visi Telekomunikasi Infrastruktur
7D
5.8%
1Y
15.0%
KETR
Rp408.00
Ketrosden Triasmitra
7D
3.0%
1Y
144.3%
BALI
Rp1,290.00
Bali Towerindo Sentra
7D
1.2%
1Y
-1.9%
LINK
Rp1,840.00
Link Net
7D
-6.8%
1Y
-5.6%
DNET
Rp9,050.00
Indoritel Makmur Internasional
7D
-0.8%
1Y
-2.2%