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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedApr 27, 2026
DataAggregated Company Financials
Companies16
  • 7D-5.4%
  • 3M-34.1%
  • 1Y22.9%
  • YTD-27.7%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 5.4%, driven by Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia declining 9.4%. On the other hand Tower Bersama Infrastructure is actually up 5.3%. This takes the industry's 12 month performance to a gain of 23%. As for the next few years, earnings are expected to grow by 6.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Apr 2026Rp680.1tRp192.4tRp28.3t23.7x24x3.5x
Wed, 25 Mar 2026Rp671.2tRp191.7tRp27.4t20.1x24.5x3.5x
Fri, 20 Feb 2026Rp795.6tRp191.5tRp27.2t20.8x29.3x4.2x
Sun, 18 Jan 2026Rp984.4tRp191.5tRp27.2t23.7x36.3x5.1x
Tue, 16 Dec 2025Rp875.5tRp191.5tRp27.2t24x32.2x4.6x
Thu, 13 Nov 2025Rp737.3tRp191.2tRp26.9t21.2x27.4x3.9x
Sat, 11 Oct 2025Rp595.8tRp191.3tRp28.9t21.7x20.6x3.1x
Mon, 08 Sep 2025Rp610.3tRp191.1tRp28.8t22.5x21.2x3.2x
Wed, 06 Aug 2025Rp592.9tRp190.8tRp28.4t21.5x20.9x3.1x
Fri, 04 Jul 2025Rp604.1tRp193.9tRp28.6t18.2x21.1x3.1x
Sun, 01 Jun 2025Rp631.3tRp193.9tRp28.7t19.4x22x3.3x
Tue, 29 Apr 2025Rp598.7tRp194.2tRp27.9t19.4x21.5x3.1x
Thu, 27 Mar 2025Rp554.2tRp191.7tRp28.5t21.5x19.4x2.9x
Sat, 22 Feb 2025Rp617.7tRp191.4tRp28.4t24.8x21.7x3.2x
Mon, 20 Jan 2025Rp554.6tRp190.7tRp28.0t24.6x19.8x2.9x
Wed, 18 Dec 2024Rp550.5tRp190.7tRp28.0t21.5x19.7x2.9x
Fri, 15 Nov 2024Rp581.1tRp191.6tRp28.6t22.5x20.3x3x
Sun, 13 Oct 2024Rp634.4tRp193.2tRp30.4t23.5x20.9x3.3x
Tue, 10 Sep 2024Rp669.7tRp193.1tRp31.4t21.9x21.3x3.5x
Thu, 08 Aug 2024Rp565.3tRp193.1tRp31.5t18x17.9x2.9x
Sat, 06 Jul 2024Rp571.5tRp192.5tRp33.0t25.2x17.3x3x
Mon, 03 Jun 2024Rp552.0tRp192.5tRp33.0t24.8x16.7x2.9x
Wed, 01 May 2024Rp573.4tRp192.1tRp33.1t25.9x17.3x3x
Fri, 29 Mar 2024Rp619.4tRp190.5tRp33.7t25.2x18.4x3.3x
Sun, 25 Feb 2024Rp685.6tRp191.1tRp32.8t24.6x20.9x3.6x
Tue, 23 Jan 2024Rp681.8tRp191.2tRp33.1t23.4x20.6x3.6x
Thu, 21 Dec 2023Rp687.8tRp191.1tRp33.0t20.6x20.8x3.6x
Sat, 18 Nov 2023Rp641.2tRp190.9tRp33.2t21.2x19.3x3.4x
Mon, 16 Oct 2023Rp658.1tRp189.7tRp29.8t26x22.1x3.5x
Wed, 13 Sep 2023Rp658.9tRp189.8tRp29.9t29.2x22.1x3.5x
Fri, 11 Aug 2023Rp655.5tRp189.8tRp29.9t30.3x21.9x3.5x
Sun, 09 Jul 2023Rp672.6tRp188.7tRp30.7t29.7x21.9x3.6x
Tue, 06 Jun 2023Rp675.9tRp188.7tRp30.7t29x22x3.6x
Thu, 04 May 2023Rp686.9tRp188.3tRp30.9t24.8x22.2x3.6x
Price to Earnings Ratio

22.2x


Total Market Cap: Rp686.9tTotal Earnings: Rp30.9tTotal Revenue: Rp188.3tTotal 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 optimistic on the Indonesian Telecom industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.0x which is higher than its 3-year average PE 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 2.9% 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-7.33%
Telecom-6.48%
Telecom Services and Carriers-5.41%
Alternative Carriers-0.25%
Integrated Telecom Services-6.67%
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 are expecting annual earnings growth of 6.7%, which is higher than its past year's earnings growth of 4.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 6.7% over the next 5 years.
  • This is better than its past earnings growth rate of 4.8% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 6.7% 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 InternasionalRp9.40k2.2%
+Rp2.8t		-1.8%PE106.2x
TBIG Tower Bersama InfrastructureRp1.88k5.0%
+Rp2.0t		-5.3%PE29.7x
KETR Ketrosden TriasmitraRp515.001.0%
+Rp14.2b		214.0%PE10.7x
GHON Gihon Telekomunikasi IndonesiaRp1.80k0.8%
+Rp8.3b		16.2%PE12.6x
GOLD Visi Telekomunikasi InfrastrukturRp292.000.7%
+Rp2.6b		14.1%PE19.6x

Latest News

TLKM
Rp2,830.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-8.7%
1Y
10.5%

TLKM: Data Center Stake Sale Will Unlock Future Capital Benefits

Analysts have maintained their IDR4,500 price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia, citing updated assumptions that reflect a modestly higher revenue growth outlook, slightly stronger profit margins, a lower discount rate, and a somewhat reduced future P/E multiple. What's in the News Telkom Indonesia is exploring a potential sale of a majority stake in its data center unit, NeutraDC, with a targeted valuation in the US$1b to US$1.5b range.
MTEL
Rp515.00
Dayamitra Telekomunikasi
7D
-2.8%
1Y
-12.7%
CENT
Rp103.00
Centratama Telekomunikasi Indonesia
7D
-1.9%
1Y
-13.4%
KETR
Rp515.00
Ketrosden Triasmitra
7D
1.0%
1Y
214.0%
DATA
Rp2,010.00
Remala Abadi
7D
-11.8%
1Y
53.4%
TOWR
Rp482.00
Sarana Menara Nusantara
7D
-3.2%
1Y
-14.7%

TOWR: Share Buyback And Stronger Margins Will Support Future Upside

Analysts have adjusted their price target on Sarana Menara Nusantara to IDR1,025 from IDR1,108. This revision reflects updated assumptions that include a slightly higher discount rate, more moderate revenue growth, stronger profit margins and a lower future P/E multiple.
MORA
Rp5,125.00
Mora Telematika Indonesia
7D
-8.9%
1Y
1,033.8%
GHON
Rp1,795.00
Gihon Telekomunikasi Indonesia
7D
0.8%
1Y
16.2%
TBIG
Rp1,875.00
Tower Bersama Infrastructure
7D
5.0%
1Y
-5.3%
GOLD
Rp292.00
Visi Telekomunikasi Infrastruktur
7D
0.7%
1Y
14.1%
BALI
Rp1,250.00
Bali Towerindo Sentra
7D
-5.3%
1Y
-2.0%
LINK
Rp1,835.00
Link Net
7D
-3.9%
1Y
-2.4%
DNET
Rp9,400.00
Indoritel Makmur Internasional
7D
2.2%
1Y
-1.8%