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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedFeb 02, 2026
DataAggregated Company Financials
Companies16
  • 7D-10.4%
  • 3M37.6%
  • 1Y61.4%
  • YTD-3.3%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 10%, driven by a pullback from Mora Telematika Indonesia of 20%. This takes the industry's 12 month performance to a gain of 61%. Earnings are forecast to grow by 6.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Feb 2026Rp908.8tRp191.5tRp27.2t21.4x33.5x4.7x
Wed, 31 Dec 2025Rp949.9tRp191.5tRp27.2t23.9x35x5x
Fri, 28 Nov 2025Rp786.1tRp191.5tRp27.2t22.6x29x4.1x
Sun, 26 Oct 2025Rp640.6tRp191.4tRp28.9t22.8x22.2x3.3x
Tue, 23 Sep 2025Rp611.1tRp191.3tRp28.9t22.5x21.2x3.2x
Thu, 21 Aug 2025Rp616.6tRp190.9tRp28.8t21.1x21.4x3.2x
Sat, 19 Jul 2025Rp565.3tRp192.1tRp27.5t19x20.6x2.9x
Mon, 16 Jun 2025Rp612.6tRp193.9tRp28.7t19.3x21.3x3.2x
Wed, 14 May 2025Rp612.9tRp193.7tRp28.6t19.1x21.4x3.2x
Fri, 11 Apr 2025Rp559.0tRp194.3tRp26.8t19.2x20.8x2.9x
Sun, 09 Mar 2025Rp580.4tRp191.6tRp28.5t24.2x20.4x3x
Tue, 04 Feb 2025Rp554.8tRp190.7tRp28.0t24.6x19.8x2.9x
Thu, 02 Jan 2025Rp560.0tRp190.7tRp28.0t23.5x20x2.9x
Sat, 30 Nov 2024Rp604.8tRp192.6tRp29.1t24x20.8x3.1x
Mon, 28 Oct 2024Rp629.6tRp193.2tRp30.3t23x20.8x3.3x
Wed, 25 Sep 2024Rp659.4tRp193.1tRp31.4t21.7x21x3.4x
Fri, 23 Aug 2024Rp577.8tRp193.1tRp31.4t17.5x18.4x3x
Sun, 21 Jul 2024Rp549.9tRp190.6tRp30.9t18.8x17.8x2.9x
Tue, 18 Jun 2024Rp538.8tRp192.5tRp33.0t21.3x16.3x2.8x
Thu, 16 May 2024Rp575.6tRp192.5tRp33.0t23.6x17.4x3x
Sat, 13 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Mon, 11 Mar 2024Rp657.9tRp191.3tRp32.8t26x20x3.4x
Wed, 07 Feb 2024Rp675.2tRp191.2tRp33.1t23x20.4x3.5x
Fri, 05 Jan 2024Rp686.7tRp191.2tRp33.1t21.7x20.8x3.6x
Sun, 03 Dec 2023Rp671.0tRp190.9tRp33.0t20.8x20.3x3.5x
Tue, 31 Oct 2023Rp618.2tRp189.7tRp29.8t25.5x20.8x3.3x
Thu, 28 Sep 2023Rp650.3tRp189.7tRp29.8t26.9x21.8x3.4x
Sat, 26 Aug 2023Rp653.4tRp189.8tRp29.9t29.9x21.9x3.4x
Mon, 24 Jul 2023Rp660.4tRp188.7tRp30.7t29.5x21.5x3.5x
Wed, 21 Jun 2023Rp671.3tRp188.7tRp30.7t27.7x21.9x3.6x
Fri, 19 May 2023Rp672.5tRp188.7tRp30.7t29.7x21.9x3.6x
Sun, 16 Apr 2023Rp711.6tRp187.1tRp30.9t25.9x23x3.8x
Tue, 14 Mar 2023Rp687.4tRp185.5tRp31.6t24x21.8x3.7x
Thu, 09 Feb 2023Rp659.6tRp185.2tRp31.4t22x21x3.6x
Price to Earnings Ratio

21x


Total Market Cap: Rp659.6tTotal Earnings: Rp31.4tTotal Revenue: Rp185.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.5x202420252026
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 33.5x which is higher than its 3-year average PE of 21.5x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.7x.
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-7.49%
Telecom-10.14%
Telecom Services and Carriers-10.45%
Alternative Carriers-0.53%
Integrated Telecom Services-11.99%
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 6.8%, 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 6.8% 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 6.8% 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
DNET Indoritel Makmur InternasionalRp8.98k1.7%
+Rp2.1t		-2.4%PE109.2x

Latest News

TOWR
Rp525.00
Sarana Menara Nusantara
7D
-16.0%
1Y
-17.3%
DATA
Rp4,210.00
Remala Abadi
7D
-15.8%
1Y
334.0%
CENT
Rp131.00
Centratama Telekomunikasi Indonesia
7D
-16.0%
1Y
191.1%
TBIG
Rp1,785.00
Tower Bersama Infrastructure
7D
-15.0%
1Y
-13.8%
TLKM
Rp3,600.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-4.5%
1Y
35.3%

TLKM: Infrastructure Spinoff And Streamlining Will Unlock Future Capital Benefits

Analysts have nudged their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia slightly higher to IDR 4,500, citing updated assumptions on growth, margins and future P/E, along with recent Street research highlighting potential capital benefits from the company’s infrastructure spinoff and streamlining plans. Analyst Commentary Recent Street commentary has turned more constructive on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia, with bullish analysts pointing to valuation support and potential capital benefits from the planned infrastructure spinoff and streamlining efforts.
MTEL
Rp555.00
Dayamitra Telekomunikasi
7D
-5.1%
1Y
-13.3%
LINK
Rp2,420.00
Link Net
7D
-25.8%
1Y
-3.2%
DNET
Rp8,975.00
Indoritel Makmur Internasional
7D
1.7%
1Y
-2.4%
MORA
Rp11,675.00
Mora Telematika Indonesia
7D
-20.4%
1Y
2,972.4%