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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJul 04, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.5%
  • 3M-0.1%
  • 1Y21.4%
  • YTD-28.9%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 3.5%, driven by Mora Telematika Indonesia declining 13%. In the past year, the industry has gained 21%. Earnings are forecast to grow by 9.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Jul 2026Rp667.5tRp192.6tRp23.4t23.3x28.5x3.5x
Mon, 01 Jun 2026Rp744.2tRp192.3tRp23.1t20.3x32.2x3.9x
Wed, 29 Apr 2026Rp672.7tRp192.4tRp28.3t23.4x23.8x3.5x
Fri, 27 Mar 2026Rp688.3tRp191.7tRp27.4t19.5x25.1x3.6x
Sun, 22 Feb 2026Rp793.5tRp191.3tRp27.1t20.8x29.3x4.1x
Tue, 20 Jan 2026Rp994.1tRp191.5tRp27.2t23.9x36.6x5.2x
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
Price to Earnings Ratio

21.9x


Total Market Cap: Rp672.0tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.2x202420252026
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 28.5x which is higher than its 3-year average PE of 22.2x.
  • 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 8.6% 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 Market0.045%
Telecom-1.68%
Telecom Services and Carriers-3.53%
Integrated Telecom Services-3.24%
Alternative Carriers-4.58%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.4x.
    • Analysts are expecting annual earnings growth of 9.9%, 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 9.9% 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 9.9% 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
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp2.52k1.6%
+Rp4.0t		-4.2%PE15x
MTEL Dayamitra TelekomunikasiRp490.001.7%
+Rp648.2b		-6.7%PE18.6x
TBIG Tower Bersama InfrastructureRp1.45k1.8%
+Rp564.8b		-27.5%PE23.3x
DATA Remala AbadiRp2.00k2.8%
+Rp75.6b		61.3%PE24x

Latest News

MTEL
Rp490.00
Dayamitra Telekomunikasi
7D
1.7%
1Y
-6.7%
TOWR
Rp372.00
Sarana Menara Nusantara
7D
-0.5%
1Y
-28.5%
Narrative Update • Jul 02

TOWR: Extraordinary Meeting And Stronger Margins Will Support Future Upside

The latest analyst narrative on Sarana Menara Nusantara reflects a lower indicative fair value, shifting from around IDR 785.5 to about IDR 684.62. Analysts are factoring in a higher discount rate, more moderate revenue growth expectations, slightly stronger profit margins, and a lower assumed future P/E multiple.
KBLV
Rp84.00
First Media
7D
-10.6%
1Y
52.7%
CENT
Rp72.00
Centratama Telekomunikasi Indonesia
7D
-1.4%
1Y
-25.0%
LINK
Rp1,520.00
Link Net
7D
-4.1%
1Y
-1.9%
BALI
Rp1,220.00
Bali Towerindo Sentra
7D
-2.0%
1Y
-24.2%
TLKM
Rp2,520.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
1.6%
1Y
-4.2%
Narrative Update • Jun 23

TLKM: Share Buyback And Dividend Policy Will Support Future Upside

Analysts have trimmed their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 3,629 from IDR 3,673, citing updated assumptions for slightly lower revenue growth, a modestly softer profit margin and a higher expected future P/E multiple. What's in the News Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced an annual dividend of IDR 223.1659 per share, with an ex dividend date of June 18, 2026, a record date of June 19, 2026, and payment scheduled for July 10, 2026.
DATA
Rp2,000.00
Remala Abadi
7D
2.8%
1Y
61.3%
TBIG
Rp1,450.00
Tower Bersama Infrastructure
7D
1.8%
1Y
-27.5%
KETR
Rp510.00
Ketrosden Triasmitra
7D
-2.9%
1Y
160.2%
DNET
Rp9,825.00
Indoritel Makmur Internasional
7D
-4.6%
1Y
0.8%
MORA
Rp6,625.00
Mora Telematika Indonesia
7D
-12.5%
1Y
1,462.5%