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

Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies16
  • 7D5.8%
  • 3M-0.9%
  • 1Y27.0%
  • YTD-20.8%

The Telecom Services and Carriers industry is up 5.8% in the last week, with Indoritel Makmur Internasional up 15%. This means that the industry has gained 27% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Jun 2026Rp744.2tRp192.3tRp23.1t20.3x32.2x3.9x
Thu, 30 Apr 2026Rp672.3tRp192.4tRp28.3t23.5x23.8x3.5x
Sat, 28 Mar 2026Rp675.5tRp191.7tRp27.4t19.4x24.7x3.5x
Mon, 23 Feb 2026Rp793.5tRp191.3tRp27.1t20.8x29.3x4.1x
Wed, 21 Jan 2026Rp986.8tRp191.5tRp27.2t23.7x36.3x5.2x
Fri, 19 Dec 2025Rp895.6tRp191.5tRp27.2t23.1x33x4.7x
Sun, 16 Nov 2025Rp777.6tRp191.5tRp27.2t21.6x28.6x4.1x
Tue, 14 Oct 2025Rp595.7tRp191.3tRp28.9t22.8x20.6x3.1x
Thu, 11 Sep 2025Rp602.9tRp191.1tRp28.8t21.9x21x3.2x
Sat, 09 Aug 2025Rp584.8tRp190.9tRp28.8t21.5x20.3x3.1x
Mon, 07 Jul 2025Rp595.9tRp193.9tRp28.6t18.1x20.9x3.1x
Wed, 04 Jun 2025Rp629.2tRp193.9tRp28.7t19.3x21.9x3.2x
Fri, 02 May 2025Rp609.1tRp193.4tRp27.6t19.8x22x3.1x
Sun, 30 Mar 2025Rp564.8tRp191.9tRp28.7t21.9x19.7x2.9x
Tue, 25 Feb 2025Rp605.1tRp191.4tRp28.4t25.9x21.3x3.2x
Thu, 23 Jan 2025Rp569.8tRp190.7tRp28.0t26.2x20.4x3x
Sat, 21 Dec 2024Rp537.4tRp190.7tRp28.0t21.4x19.2x2.8x
Mon, 18 Nov 2024Rp582.8tRp192.6tRp29.1t22.5x20x3x
Wed, 16 Oct 2024Rp627.0tRp193.2tRp30.4t23.2x20.6x3.2x
Fri, 13 Sep 2024Rp657.0tRp193.1tRp31.4t22.4x20.9x3.4x
Sun, 11 Aug 2024Rp566.7tRp193.1tRp31.4t17.8x18x2.9x
Tue, 09 Jul 2024Rp573.7tRp192.5tRp32.0t21.9x17.9x3x
Thu, 06 Jun 2024Rp569.5tRp192.5tRp33.0t25.2x17.3x3x
Sat, 04 May 2024Rp575.3tRp192.3tRp33.1t23.5x17.4x3x
Mon, 01 Apr 2024Rp619.4tRp190.4tRp33.6t25.1x18.4x3.3x
Wed, 28 Feb 2024Rp675.8tRp191.1tRp32.8t23.5x20.6x3.5x
Fri, 26 Jan 2024Rp676.4tRp191.2tRp33.1t22.7x20.5x3.5x
Sun, 24 Dec 2023Rp689.5tRp191.1tRp33.0t23.1x20.9x3.6x
Tue, 21 Nov 2023Rp644.8tRp190.9tRp33.2t21x19.4x3.4x
Thu, 19 Oct 2023Rp654.2tRp189.7tRp29.8t25.2x22x3.4x
Sat, 16 Sep 2023Rp658.8tRp189.8tRp29.9t29.1x22.1x3.5x
Mon, 14 Aug 2023Rp656.7tRp189.8tRp29.9t30.1x22x3.5x
Wed, 12 Jul 2023Rp672.0tRp188.7tRp30.7t29.1x21.9x3.6x
Fri, 09 Jun 2023Rp686.9tRp188.7tRp30.7t29.5x22.4x3.6x
Price to Earnings Ratio

22.4x


Total Market Cap: Rp686.9tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22x202420252026
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 32.2x which is higher than its 3-year average PE of 22.0x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 9.0% 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 Market0.87%
Telecom3.71%
Telecom Services and Carriers5.78%
Alternative Carriers14.49%
Integrated Telecom Services3.62%
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 13.5%, 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 14% 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 14% 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 IndonesiaRp6.85k2.2%
+Rp3.5t		1,570.7%PE342.7x
KETR Ketrosden TriasmitraRp660.0015.8%
+Rp255.7b		226.7%PE11.2x
LINK Link NetRp1.26k5.0%
+Rp165.2b		-25.4%PS1.2x
DATA Remala AbadiRp1.68k2.8%
+Rp61.9b		17.5%PE20.1x
GOLD Visi Telekomunikasi InfrastrukturRp278.003.7%
+Rp12.8b		7.8%PE18.5x

Latest News

KETR
Rp660.00
Ketrosden Triasmitra
7D
15.8%
1Y
226.7%
TBIG
Rp1,460.00
Tower Bersama Infrastructure
7D
-0.7%
1Y
-34.8%
TOWR
Rp378.00
Sarana Menara Nusantara
7D
-3.1%
1Y
-31.3%
JAST
Rp86.00
PT. Jasnita Telekomindo
7D
-2.3%
1Y
45.8%
TLKM
Rp2,950.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-4.5%
1Y
5.4%
Narrative Update • May 25

TLKM: Share Buyback And Governance Delays Will Shape Fairly Valued Outlook

Analysts now see fair value for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia at about IDR 3,023.79 per share, down from roughly IDR 3,169.91, reflecting updated assumptions for slower revenue growth, slightly higher profit margins, and a modestly lower future P/E multiple. What's in the News Announced a share repurchase program to buy back up to 10% of issued share capital, with funding of IDR 1,000,000 million sourced from existing cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026 (Key Developments).
GHON
Rp1,815.00
Gihon Telekomunikasi Indonesia
7D
0.6%
1Y
3.1%
LINK
Rp1,260.00
Link Net
7D
5.0%
1Y
-25.4%
KBLV
Rp88.00
First Media
7D
-1.1%
1Y
46.7%
DATA
Rp1,675.00
Remala Abadi
7D
2.8%
1Y
17.5%
MORA
Rp6,850.00
Mora Telematika Indonesia
7D
2.2%
1Y
1,570.7%
GOLD
Rp278.00
Visi Telekomunikasi Infrastruktur
7D
3.7%
1Y
7.8%
BALI
Rp1,225.00
Bali Towerindo Sentra
7D
-0.8%
1Y
-15.5%
CENT
Rp79.00
Centratama Telekomunikasi Indonesia
7D
-3.7%
1Y
-15.1%