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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedDec 18, 2025
DataAggregated Company Financials
Companies16
  • 7D-7.4%
  • 3M47.5%
  • 1Y66.1%
  • YTD61.3%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 7.4%, driven by Mora Telematika Indonesia declining 18%. Over the past 12 months, the industry was up 66%. 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
Thu, 18 Dec 2025Rp913.3tRp191.5tRp27.2t23.5x33.6x4.8x
Sat, 15 Nov 2025Rp777.6tRp191.2tRp26.9t21.6x28.9x4.1x
Mon, 13 Oct 2025Rp603.0tRp191.3tRp28.9t21.7x20.9x3.2x
Wed, 10 Sep 2025Rp594.4tRp191.1tRp28.8t22.7x20.7x3.1x
Fri, 08 Aug 2025Rp584.8tRp190.9tRp28.8t21.5x20.3x3.1x
Sun, 06 Jul 2025Rp595.9tRp193.9tRp28.6t18.1x20.9x3.1x
Tue, 03 Jun 2025Rp628.2tRp193.9tRp28.7t19.4x21.9x3.2x
Thu, 01 May 2025Rp609.2tRp194.2tRp27.9t19.8x21.9x3.1x
Sat, 29 Mar 2025Rp564.8tRp191.9tRp28.7t21.9x19.7x2.9x
Mon, 24 Feb 2025Rp617.7tRp191.4tRp28.4t24.8x21.7x3.2x
Wed, 22 Jan 2025Rp556.0tRp190.7tRp28.0t25.8x19.9x2.9x
Fri, 20 Dec 2024Rp537.3tRp190.7tRp28.0t21x19.2x2.8x
Sun, 17 Nov 2024Rp582.8tRp192.6tRp29.1t22.5x20x3x
Tue, 15 Oct 2024Rp634.4tRp193.2tRp30.4t23.5x20.9x3.3x
Thu, 12 Sep 2024Rp680.9tRp193.1tRp31.4t22.4x21.7x3.5x
Sat, 10 Aug 2024Rp568.0tRp193.1tRp31.4t17.8x18.1x2.9x
Mon, 08 Jul 2024Rp573.7tRp192.5tRp32.0t22.4x17.9x3x
Wed, 05 Jun 2024Rp554.9tRp192.5tRp33.0t25.1x16.8x2.9x
Fri, 03 May 2024Rp575.3tRp192.3tRp33.1t24.6x17.4x3x
Sun, 31 Mar 2024Rp619.4tRp190.4tRp33.8t25.2x18.3x3.3x
Tue, 27 Feb 2024Rp686.0tRp191.1tRp32.8t24.3x20.9x3.6x
Thu, 25 Jan 2024Rp678.1tRp191.2tRp33.1t21.9x20.5x3.5x
Sat, 23 Dec 2023Rp684.6tRp191.1tRp33.0t23.1x20.7x3.6x
Mon, 20 Nov 2023Rp641.2tRp190.9tRp33.2t21.2x19.3x3.4x
Wed, 18 Oct 2023Rp658.1tRp189.7tRp29.8t26x22.1x3.5x
Fri, 15 Sep 2023Rp658.8tRp189.8tRp29.9t29.1x22.1x3.5x
Sun, 13 Aug 2023Rp656.7tRp189.8tRp29.9t30.1x22x3.5x
Tue, 11 Jul 2023Rp672.0tRp188.7tRp30.7t29.2x21.9x3.6x
Thu, 08 Jun 2023Rp686.9tRp188.7tRp30.7t28.8x22.4x3.6x
Sat, 06 May 2023Rp689.6tRp188.5tRp30.9t24.9x22.3x3.7x
Mon, 03 Apr 2023Rp682.6tRp187.0tRp29.4t26.1x23.2x3.6x
Wed, 01 Mar 2023Rp671.2tRp185.2tRp31.4t22.5x21.4x3.6x
Fri, 27 Jan 2023Rp679.6tRp185.2tRp31.4t22x21.6x3.7x
Sun, 25 Dec 2022Rp673.9tRp185.2tRp31.4t23.4x21.4x3.6x
Price to Earnings Ratio

21.4x


Total Market Cap: Rp673.9tTotal Earnings: Rp31.4tTotal Revenue: Rp185.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 20.9x202320242025
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 33.6x which is higher than its 3-year average PE of 20.9x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.8x.
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-0.65%
Telecom-6.58%
Telecom Services and Carriers-7.39%
Alternative Carriers-1.91%
Integrated Telecom Services-8.31%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 17.9x.
    • Analysts are expecting annual earnings growth of 6.6%, 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 6.6% 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 6.6% 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
TBIG Tower Bersama InfrastructureRp2.03k4.9%
+Rp2.1t		2.8%PE34.8x
BALI Bali Towerindo SentraRp1.79k27.9%
+Rp1.5t		30.2%PE39.6x
TOWR Sarana Menara NusantaraRp555.001.8%
+Rp582.1b		-15.9%PE9.4x
IBST Inti Bangun SejahteraRp4.83k0.2%
+Rp13.5b		-4.4%PE16.5x

Latest News

TLKM
Rp3,500.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-3.8%
1Y
36.2%
BALI
Rp1,790.00
Bali Towerindo Sentra
7D
27.9%
1Y
30.2%
TOWR
Rp555.00
Sarana Menara Nusantara
7D
1.8%
1Y
-15.9%

TOWR: Share Buyback Will Drive Continued Upside Amid Stable Margins

Analysts have modestly increased their price target for Sarana Menara Nusantara to Rp846.92 from Rp845.38. This reflects slightly higher long term valuation multiples, despite marginally softer expectations for revenue growth and profit margins, as well as a reduced implied fair value uplift when adjusted for a higher discount rate.
KETR
Rp1,110.00
Ketrosden Triasmitra
7D
-25.0%
1Y
534.3%
DATA
Rp4,320.00
Remala Abadi
7D
-1.4%
1Y
483.8%
CENT
Rp154.00
Centratama Telekomunikasi Indonesia
7D
-2.5%
1Y
258.1%
LINK
Rp4,040.00
Link Net
7D
-5.2%
1Y
220.6%
MTEL
Rp610.00
Dayamitra Telekomunikasi
7D
-3.2%
1Y
-9.0%
DNET
Rp8,825.00
Indoritel Makmur Internasional
7D
-0.8%
1Y
-2.5%
TBIG
Rp2,030.00
Tower Bersama Infrastructure
7D
4.9%
1Y
2.8%
MORA
Rp11,575.00
Mora Telematika Indonesia
7D
-17.6%
1Y
2,695.9%
IBST
Rp4,830.00
Inti Bangun Sejahtera
7D
0.2%
1Y
-4.4%