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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies16
  • 7D-13.1%
  • 3M3.7%
  • 1Y37.2%
  • YTD-21.1%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 19%, driven by Mora Telematika Indonesia declining 41%. In contrast, Link Net has gained 10%. In the past year, the industry has gained 32%. Looking forward, earnings are forecast to grow by 6.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Feb 2026Rp741.3tRp191.5tRp27.2t20.6x27.3x3.9x
Thu, 08 Jan 2026Rp944.2tRp191.5tRp27.2t24.3x34.8x4.9x
Sat, 06 Dec 2025Rp892.8tRp191.5tRp27.2t23x32.9x4.7x
Mon, 03 Nov 2025Rp645.3tRp191.2tRp27.1t21.6x23.8x3.4x
Wed, 01 Oct 2025Rp591.4tRp191.3tRp28.9t22.1x20.5x3.1x
Fri, 29 Aug 2025Rp625.5tRp191.2tRp28.9t23.3x21.7x3.3x
Sun, 27 Jul 2025Rp572.8tRp192.1tRp27.5t20.6x20.8x3x
Tue, 24 Jun 2025Rp588.9tRp193.9tRp28.7t19x20.5x3x
Thu, 22 May 2025Rp626.9tRp193.7tRp28.6t19.1x21.9x3.2x
Sat, 19 Apr 2025Rp586.3tRp194.4tRp26.8t19.5x21.9x3x
Mon, 17 Mar 2025Rp572.0tRp191.6tRp28.5t22.1x20.1x3x
Wed, 12 Feb 2025Rp521.1tRp190.7tRp28.0t21.5x18.6x2.7x
Fri, 10 Jan 2025Rp553.4tRp190.7tRp28.0t23.4x19.8x2.9x
Sun, 08 Dec 2024Rp563.1tRp190.7tRp28.0t23.9x20.1x3x
Tue, 05 Nov 2024Rp613.2tRp192.3tRp29.5t23x20.8x3.2x
Thu, 03 Oct 2024Rp644.1tRp193.1tRp31.4t23.5x20.5x3.3x
Sat, 31 Aug 2024Rp591.7tRp193.1tRp31.4t17.5x18.8x3.1x
Mon, 29 Jul 2024Rp589.5tRp192.5tRp32.1t21.6x18.4x3.1x
Wed, 26 Jun 2024Rp560.6tRp192.5tRp33.0t24.9x17x2.9x
Fri, 24 May 2024Rp557.7tRp192.5tRp33.0t24.6x16.9x2.9x
Sun, 21 Apr 2024Rp575.7tRp192.1tRp33.1t24.6x17.4x3x
Tue, 19 Mar 2024Rp660.3tRp191.3tRp32.8t25.6x20.1x3.5x
Thu, 15 Feb 2024Rp672.1tRp191.1tRp32.8t22.6x20.5x3.5x
Sat, 13 Jan 2024Rp689.1tRp191.2tRp33.1t24.7x20.8x3.6x
Mon, 11 Dec 2023Rp680.0tRp191.1tRp33.0t21x20.6x3.6x
Wed, 08 Nov 2023Rp630.9tRp191.0tRp33.2t22.8x19x3.3x
Fri, 06 Oct 2023Rp651.5tRp189.7tRp29.8t25.8x21.9x3.4x
Sun, 03 Sep 2023Rp657.6tRp189.8tRp29.9t29.2x22x3.5x
Tue, 01 Aug 2023Rp648.0tRp189.3tRp29.8t28.6x21.7x3.4x
Thu, 29 Jun 2023Rp675.4tRp188.7tRp30.7t29.5x22x3.6x
Sat, 27 May 2023Rp683.1tRp188.7tRp30.7t29.5x22.3x3.6x
Mon, 24 Apr 2023Rp703.3tRp187.2tRp30.7t25.4x22.9x3.8x
Wed, 22 Mar 2023Rp690.5tRp185.5tRp31.4t25.5x22x3.7x
Fri, 17 Feb 2023Rp661.6tRp185.2tRp31.4t22x21.1x3.6x
Price to Earnings Ratio

21.1x


Total Market Cap: Rp661.6tTotal Earnings: Rp31.4tTotal Revenue: Rp185.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.6x202420252026
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 27.0x which is higher than its 3-year average PE of 21.6x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 3.8x.
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 Market2.08%
Telecom-13.72%
Telecom Services and Carriers-13.13%
Alternative Carriers0.50%
Integrated Telecom Services-15.69%
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 6.6%, 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
LINK Link NetRp2.83k55.9%
+Rp2.8t		34.8%PS2.4x
DNET Indoritel Makmur InternasionalRp9.00k0.3%
+Rp354.6b		-1.9%PE109.5x
IBST Inti Bangun SejahteraRp5.50k3.8%
+Rp270.2b		3.8%PE18.8x
BALI Bali Towerindo SentraRp1.31k4.8%
+Rp236.1b		-9.7%PE28.8x
CENT Centratama Telekomunikasi IndonesiaRp121.003.4%
+Rp124.7b		210.3%PS1.5x

Latest News

TLKM
Rp3,400.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-1.4%
1Y
46.6%

TLKM: Infrastructure Spinoff And Streamlining Will Unlock Future Equity Value

Analysts have lifted their price target on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 4,000 from IDR 3,400, citing expectations that the infrastructure spinoff and streamlining efforts could help surface additional value in the business. Analyst Commentary Bullish Takeaways Bullish analysts highlight the higher price target of IDR 4,000 as a reflection of what they see as underrecognized value tied to the planned infrastructure spinoff and streamlining plans.
JAST
Rp106.00
PT. Jasnita Telekomindo
7D
7.1%
1Y
92.7%
TOWR
Rp525.00
Sarana Menara Nusantara
7D
-2.8%
1Y
-11.8%

TOWR: Share Buyback Plan Will Support A Bullish Long Term Outlook

Analysts have lifted their fair value estimate for Sarana Menara Nusantara from Rp1,095.94 to Rp1,108.45, citing updated views on discount rates, revenue growth, profit margins and future P/E assumptions. What's in the News The Board of Directors of PT Sarana Menara Nusantara Tbk.
BALI
Rp1,305.00
Bali Towerindo Sentra
7D
4.8%
1Y
-9.7%
TBIG
Rp1,710.00
Tower Bersama Infrastructure
7D
-5.0%
1Y
-21.9%
DATA
Rp3,600.00
Remala Abadi
7D
-11.1%
1Y
339.0%
KBLV
Rp139.00
First Media
7D
6.9%
1Y
59.8%
CENT
Rp121.00
Centratama Telekomunikasi Indonesia
7D
3.4%
1Y
210.3%
KETR
Rp675.00
Ketrosden Triasmitra
7D
5.5%
1Y
304.2%
IBST
Rp5,500.00
Inti Bangun Sejahtera
7D
3.8%
1Y
3.8%
GHON
Rp1,810.00
Gihon Telekomunikasi Indonesia
7D
-0.3%
1Y
19.1%
MTEL
Rp535.00
Dayamitra Telekomunikasi
7D
-2.7%
1Y
-17.1%
GOLD
Rp318.00
Visi Telekomunikasi Infrastruktur
7D
-2.5%
1Y
20.5%
LINK
Rp2,830.00
Link Net
7D
55.9%
1Y
34.8%
DNET
Rp9,000.00
Indoritel Makmur Internasional
7D
0.3%
1Y
-1.9%
MORA
Rp6,150.00
Mora Telematika Indonesia
7D
-27.2%
1Y
1,580.3%