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

Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedMay 03, 2026
DataAggregated Company Financials
Companies16
  • 7D-2.4%
  • 3M-27.0%
  • 1Y16.8%
  • YTD-29.4%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.4%, driven by a pullback from Mora Telematika Indonesia of 9.9%. Over the past 12 months, the industry was up 17%. 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
Sun, 03 May 2026Rp663.5tRp192.4tRp28.3t22.3x23.5x3.4x
Tue, 31 Mar 2026Rp668.6tRp191.7tRp27.4t20.2x24.4x3.5x
Thu, 26 Feb 2026Rp779.8tRp191.3tRp27.1t21x28.8x4.1x
Sat, 24 Jan 2026Rp1014.8tRp191.5tRp27.2t22.5x37.4x5.3x
Mon, 22 Dec 2025Rp879.1tRp191.5tRp27.2t22.5x32.4x4.6x
Wed, 19 Nov 2025Rp786.3tRp191.5tRp27.2t22x29x4.1x
Fri, 17 Oct 2025Rp613.2tRp191.3tRp28.9t21.6x21.2x3.2x
Sun, 14 Sep 2025Rp600.5tRp191.1tRp28.8t22.1x20.9x3.1x
Tue, 12 Aug 2025Rp589.3tRp190.9tRp28.8t21.5x20.5x3.1x
Thu, 10 Jul 2025Rp593.4tRp193.9tRp28.6t18.4x20.8x3.1x
Sat, 07 Jun 2025Rp629.4tRp193.9tRp28.7t18.7x21.9x3.2x
Mon, 05 May 2025Rp612.9tRp193.2tRp28.7t19.4x21.4x3.2x
Wed, 02 Apr 2025Rp566.2tRp194.4tRp26.8t21.9x21.1x2.9x
Fri, 28 Feb 2025Rp588.8tRp191.4tRp28.4t24.7x20.7x3.1x
Sun, 26 Jan 2025Rp564.3tRp190.7tRp28.0t26.2x20.2x3x
Tue, 24 Dec 2024Rp548.4tRp190.7tRp28.0t22.4x19.6x2.9x
Thu, 21 Nov 2024Rp598.6tRp192.6tRp29.1t23x20.6x3.1x
Sat, 19 Oct 2024Rp642.4tRp193.2tRp30.4t23.3x21.2x3.3x
Mon, 16 Sep 2024Rp662.1tRp193.1tRp31.4t22.2x21.1x3.4x
Wed, 14 Aug 2024Rp570.0tRp193.1tRp31.4t17.5x18.2x3x
Fri, 12 Jul 2024Rp596.0tRp192.5tRp32.0t21.9x18.6x3.1x
Sun, 09 Jun 2024Rp576.8tRp192.5tRp33.0t25.2x17.5x3x
Tue, 07 May 2024Rp578.0tRp192.4tRp33.0t24.3x17.5x3x
Thu, 04 Apr 2024Rp566.9tRp188.6tRp32.3t25.2x17.5x3x
Sat, 02 Mar 2024Rp666.4tRp191.1tRp32.8t24.5x20.3x3.5x
Mon, 29 Jan 2024Rp677.9tRp191.2tRp33.1t23.1x20.5x3.5x
Wed, 27 Dec 2023Rp689.5tRp191.1tRp33.0t23.1x20.9x3.6x
Fri, 24 Nov 2023Rp647.6tRp190.9tRp33.2t20.8x19.5x3.4x
Sun, 22 Oct 2023Rp636.2tRp189.7tRp29.8t24.1x21.4x3.4x
Tue, 19 Sep 2023Rp651.9tRp189.8tRp29.9t28.8x21.8x3.4x
Thu, 17 Aug 2023Rp666.2tRp189.8tRp29.9t30.2x22.3x3.5x
Sat, 15 Jul 2023Rp665.3tRp188.7tRp30.7t29.1x21.7x3.5x
Mon, 12 Jun 2023Rp686.5tRp188.7tRp30.7t29.6x22.4x3.6x
Wed, 10 May 2023Rp680.8tRp188.7tRp31.0t24.7x21.9x3.6x
Price to Earnings Ratio

21.9x


Total Market Cap: Rp680.8tTotal Earnings: Rp31.0tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indonesian Telecom industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 21.8x.
  • 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 3.0% 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 Market-2.66%
Telecom-1.92%
Telecom Services and Carriers-2.44%
Alternative Carriers0.32%
Integrated Telecom Services-3.15%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 18.3x.
    • Analysts expect its future annual earnings growth (6.8%) to be largely in line with prior year's earnings growth.
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 roughly in line with its past earnings growth rate.
  • 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 InternasionalRp9.48k0.5%
+Rp709.2b		-2.3%PE107x
DATA Remala AbadiRp2.06k3.0%
+Rp82.5b		48.7%PE24.7x
KBLV First MediaRp120.001.7%
+Rp3.5b		-13.0%PS123.4x

Latest News

TBIG
Rp1,745.00
Tower Bersama Infrastructure
7D
-6.9%
1Y
-12.5%
DATA
Rp2,060.00
Remala Abadi
7D
3.0%
1Y
48.7%
TOWR
Rp476.00
Sarana Menara Nusantara
7D
-2.5%
1Y
-18.6%

TOWR: Share Buyback Authorization Will Support Future Upside Potential

Analysts have kept the IDR fair value for Sarana Menara Nusantara steady at IDR 1,025, while refining assumptions around the discount rate, revenue growth, profit margins and future P/E to reflect updated views on the company’s risk profile and earnings outlook. What's in the News The Board of Directors authorized a share buyback plan on February 2, 2026, signaling an intent to repurchase shares within a defined program period (Key Developments).
BALI
Rp1,270.00
Bali Towerindo Sentra
7D
-0.4%
1Y
-3.1%
LINK
Rp1,765.00
Link Net
7D
-3.8%
1Y
-5.6%
KBLV
Rp120.00
First Media
7D
1.7%
1Y
-13.0%
MTEL
Rp515.00
Dayamitra Telekomunikasi
7D
-2.8%
1Y
-16.3%
CENT
Rp99.00
Centratama Telekomunikasi Indonesia
7D
-1.0%
1Y
-15.4%
KETR
Rp500.00
Ketrosden Triasmitra
7D
-4.8%
1Y
185.7%
MORA
Rp4,710.00
Mora Telematika Indonesia
7D
-9.9%
1Y
980.3%
DNET
Rp9,475.00
Indoritel Makmur Internasional
7D
0.5%
1Y
-2.3%