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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies16
  • 7D-22.7%
  • 3M19.4%
  • 1Y45.6%
  • YTD-13.2%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 23%, driven by a pullback from Mora Telematika Indonesia of 46%. In the past year, the industry has gained 46%. Looking forward, earnings are forecast to grow by 6.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026Rp815.5tRp191.5tRp27.2t21x30x4.3x
Fri, 02 Jan 2026Rp949.9tRp191.5tRp27.2t23.9x35x5x
Sun, 30 Nov 2025Rp784.0tRp191.5tRp27.2t21.3x28.9x4.1x
Tue, 28 Oct 2025Rp639.3tRp191.4tRp28.9t21.6x22.1x3.3x
Thu, 25 Sep 2025Rp603.3tRp191.3tRp28.9t22.3x20.9x3.2x
Sat, 23 Aug 2025Rp617.9tRp190.9tRp28.8t21.1x21.5x3.2x
Mon, 21 Jul 2025Rp563.7tRp192.1tRp27.5t19x20.5x2.9x
Wed, 18 Jun 2025Rp605.6tRp193.9tRp28.7t18.7x21.1x3.1x
Fri, 16 May 2025Rp620.6tRp193.7tRp28.6t18.8x21.7x3.2x
Sun, 13 Apr 2025Rp554.9tRp194.3tRp26.8t19.5x20.7x2.9x
Tue, 11 Mar 2025Rp576.5tRp191.6tRp28.5t23.8x20.2x3x
Thu, 06 Feb 2025Rp553.2tRp190.7tRp28.0t23.8x19.8x2.9x
Sat, 04 Jan 2025Rp565.2tRp190.7tRp28.0t23.4x20.2x3x
Mon, 02 Dec 2024Rp554.9tRp190.7tRp28.0t23.9x19.8x2.9x
Wed, 30 Oct 2024Rp631.0tRp193.2tRp30.3t22.2x20.8x3.3x
Fri, 27 Sep 2024Rp662.3tRp193.1tRp31.4t21.9x21.1x3.4x
Sun, 25 Aug 2024Rp581.8tRp193.1tRp31.4t17.6x18.5x3x
Tue, 23 Jul 2024Rp545.7tRp190.6tRp30.9t19.2x17.7x2.9x
Thu, 20 Jun 2024Rp549.8tRp192.5tRp33.0t24.8x16.7x2.9x
Sat, 18 May 2024Rp564.0tRp192.5tRp33.0t24.8x17.1x2.9x
Mon, 15 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Wed, 13 Mar 2024Rp657.9tRp191.3tRp32.8t26x20x3.4x
Fri, 09 Feb 2024Rp672.8tRp191.2tRp33.1t22.1x20.4x3.5x
Sun, 07 Jan 2024Rp679.7tRp191.2tRp33.1t22.4x20.6x3.6x
Tue, 05 Dec 2023Rp671.5tRp190.9tRp33.0t21.4x20.4x3.5x
Thu, 02 Nov 2023Rp622.0tRp191.1tRp33.3t22.2x18.7x3.3x
Sat, 30 Sep 2023Rp654.3tRp189.7tRp29.8t27.6x22x3.4x
Mon, 28 Aug 2023Rp658.3tRp189.8tRp29.9t29.9x22x3.5x
Wed, 26 Jul 2023Rp663.8tRp188.7tRp30.7t29.7x21.6x3.5x
Fri, 23 Jun 2023Rp672.4tRp188.7tRp30.7t30.4x21.9x3.6x
Sun, 21 May 2023Rp673.3tRp188.7tRp30.7t29.4x22x3.6x
Tue, 18 Apr 2023Rp703.9tRp187.1tRp30.9t25.9x22.8x3.8x
Thu, 16 Mar 2023Rp679.6tRp185.5tRp31.6t23.6x21.5x3.7x
Sat, 11 Feb 2023Rp660.1tRp185.2tRp31.4t22.3x21x3.6x
Price to Earnings Ratio

21x


Total Market Cap: Rp660.1tTotal Earnings: Rp31.4tTotal Revenue: Rp185.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.5x202420252026
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 30.0x which is higher than its 3-year average PE of 21.5x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.3x.
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-10.43%
Telecom-22.19%
Telecom Services and Carriers-22.71%
Alternative Carriers-2.74%
Integrated Telecom Services-25.72%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.3x.
    • Analysts are expecting annual earnings growth of 6.7%, 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 6.7% 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 6.7% 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
DNET Indoritel Makmur InternasionalRp8.98k0.8%
+Rp1.1t		-2.2%PE109.2x

Latest News

BALI
Rp1,205.00
Bali Towerindo Sentra
7D
-30.7%
1Y
-15.1%
TBIG
Rp1,775.00
Tower Bersama Infrastructure
7D
-2.2%
1Y
-15.1%
TOWR
Rp530.00
Sarana Menara Nusantara
7D
-4.5%
1Y
-15.9%
DATA
Rp3,890.00
Remala Abadi
7D
-8.5%
1Y
313.8%
TLKM
Rp3,330.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-4.0%
1Y
27.1%

TLKM: Infrastructure Spinoff And Streamlining Will Unlock Future Capital Benefits

Analysts have nudged their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia slightly higher to IDR 4,500, citing updated assumptions on growth, margins and future P/E, along with recent Street research highlighting potential capital benefits from the company’s infrastructure spinoff and streamlining plans. Analyst Commentary Recent Street commentary has turned more constructive on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia, with bullish analysts pointing to valuation support and potential capital benefits from the planned infrastructure spinoff and streamlining efforts.
MTEL
Rp545.00
Dayamitra Telekomunikasi
7D
-4.4%
1Y
-16.8%
LINK
Rp1,880.00
Link Net
7D
-33.1%
1Y
-14.5%
DNET
Rp8,975.00
Indoritel Makmur Internasional
7D
0.8%
1Y
-2.2%
MORA
Rp7,200.00
Mora Telematika Indonesia
7D
-46.4%
1Y
1,765.3%