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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJun 18, 2026
DataAggregated Company Financials
Companies16
  • 7D5.3%
  • 3M8.0%
  • 1Y29.3%
  • YTD-22.9%

In the last week, the Telecom Services and Carriers industry is up 7.8%, with Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia up 12%. In the same time, Tower Bersama Infrastructure was down 9.8%. This means that the industry has gained 27% over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Jun 2026Rp724.5tRp192.6tRp23.2t23x31.2x3.8x
Sat, 16 May 2026Rp722.0tRp191.8tRp24.4t23.7x29.6x3.8x
Mon, 13 Apr 2026Rp697.1tRp192.0tRp28.2t19.8x24.7x3.6x
Wed, 11 Mar 2026Rp691.4tRp191.3tRp27.1t19.6x25.5x3.6x
Fri, 06 Feb 2026Rp742.9tRp191.5tRp27.2t20.6x27.4x3.9x
Sun, 04 Jan 2026Rp939.5tRp191.5tRp27.2t24.7x34.6x4.9x
Tue, 02 Dec 2025Rp807.8tRp191.5tRp27.2t22.3x29.8x4.2x
Thu, 30 Oct 2025Rp636.4tRp191.4tRp28.9t21.7x22x3.3x
Sat, 27 Sep 2025Rp600.0tRp191.3tRp28.9t21.9x20.8x3.1x
Mon, 25 Aug 2025Rp619.2tRp190.9tRp28.8t21.1x21.5x3.2x
Wed, 23 Jul 2025Rp573.4tRp192.1tRp27.5t20.9x20.9x3x
Fri, 20 Jun 2025Rp595.5tRp193.9tRp28.7t18.7x20.7x3.1x
Sun, 18 May 2025Rp628.6tRp193.7tRp28.6t18.8x21.9x3.2x
Tue, 15 Apr 2025Rp577.4tRp194.3tRp26.8t19.1x21.5x3x
Thu, 13 Mar 2025Rp578.1tRp191.6tRp28.5t22.7x20.3x3x
Sat, 08 Feb 2025Rp549.4tRp190.7tRp28.0t23.3x19.6x2.9x
Mon, 06 Jan 2025Rp565.3tRp190.7tRp28.0t23.4x20.2x3x
Wed, 04 Dec 2024Rp565.4tRp190.7tRp28.0t23x20.2x3x
Fri, 01 Nov 2024Rp629.8tRp192.6tRp29.6t22.4x21.3x3.3x
Sun, 29 Sep 2024Rp648.8tRp193.1tRp31.4t22.4x20.7x3.4x
Tue, 27 Aug 2024Rp581.9tRp193.1tRp31.4t17.6x18.5x3x
Thu, 25 Jul 2024Rp597.3tRp192.5tRp32.0t21.7x18.6x3.1x
Sat, 22 Jun 2024Rp551.3tRp192.5tRp33.0t25.2x16.7x2.9x
Mon, 20 May 2024Rp562.9tRp192.5tRp33.0t24.8x17.1x2.9x
Wed, 17 Apr 2024Rp612.7tRp190.7tRp33.4t26.4x18.3x3.2x
Fri, 15 Mar 2024Rp665.6tRp191.3tRp32.8t25.4x20.3x3.5x
Sun, 11 Feb 2024Rp672.8tRp191.2tRp33.1t22.1x20.4x3.5x
Tue, 09 Jan 2024Rp678.3tRp191.2tRp33.1t23.7x20.5x3.5x
Thu, 07 Dec 2023Rp680.3tRp191.2tRp33.0t21x20.6x3.6x
Sat, 04 Nov 2023Rp635.6tRp190.9tRp33.2t18.7x19.2x3.3x
Mon, 02 Oct 2023Rp654.3tRp189.7tRp29.8t27.6x22x3.4x
Wed, 30 Aug 2023Rp655.5tRp189.8tRp29.9t29.9x21.9x3.5x
Fri, 28 Jul 2023Rp644.5tRp188.7tRp30.7t29.1x21x3.4x
Sun, 25 Jun 2023Rp668.3tRp188.7tRp30.7t29.4x21.8x3.5x
Price to Earnings Ratio

21.8x


Total Market Cap: Rp668.3tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.1x202420252026
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 30.7x which is higher than its 3-year average PE of 22.1x.
  • 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 8.8% 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 Market4.16%
Telecom5.07%
Telecom Services and Carriers5.31%
Integrated Telecom Services6.86%
Alternative Carriers-0.13%
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 10.7%, 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 11% 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 11% 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 IndonesiaRp6.83k13.8%
+Rp19.5t		1,525.0%PE341.4x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp2.96k5.3%
+Rp14.8t		6.9%PE17.6x
TOWR Sarana Menara NusantaraRp392.0018.8%
+Rp3.6t		-23.1%PE6x
LINK Link NetRp1.55k25.0%
+Rp853.7b		-0.3%PS1.5x
DATA Remala AbadiRp1.94k35.3%
+Rp694.4b		48.3%PE23.2x

Latest News

DATA
Rp1,935.00
Remala Abadi
7D
35.3%
1Y
48.3%
TOWR
Rp392.00
Sarana Menara Nusantara
7D
18.8%
1Y
-23.1%
TBIG
Rp1,430.00
Tower Bersama Infrastructure
7D
-6.5%
1Y
-33.2%
BALI
Rp1,240.00
Bali Towerindo Sentra
7D
2.5%
1Y
-21.0%
TLKM
Rp2,960.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
5.3%
1Y
6.9%
Narrative Update • Jun 08

TLKM: Share Buyback Will Support Future Equity Value Unlock

Analysts have trimmed their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 3,887.27 to IDR 3,672.95, reflecting updated assumptions around slightly softer revenue growth, a modestly higher profit margin, and a lower future P/E multiple. What's in the News Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced a share repurchase program of up to 10% of issued share capital, with a maximum allocation of IDR 1,000,000 million funded from the company's cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026.
LINK
Rp1,550.00
Link Net
7D
25.0%
1Y
-0.3%
DNET
Rp10,300.00
Indoritel Makmur Internasional
7D
-0.7%
1Y
12.3%
MORA
Rp6,825.00
Mora Telematika Indonesia
7D
13.8%
1Y
1,525.0%
GOLD
Rp248.00
Visi Telekomunikasi Infrastruktur
7D
-6.8%
1Y
-0.8%
MTEL
Rp500.00
Dayamitra Telekomunikasi
7D
0.4%
1Y
-9.1%
CENT
Rp74.00
Centratama Telekomunikasi Indonesia
7D
2.8%
1Y
-21.3%