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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedDec 22, 2025
DataAggregated Company Financials
Companies16
  • 7D-3.5%
  • 3M43.0%
  • 1Y61.9%
  • YTD55.3%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 3.5%, driven by pullbacks in Bali Towerindo Sentra and Link Net of 21% and 14%, respectively. In contrast, Tower Bersama Infrastructure has gained 8.6%. Over the past 12 months, the industry was up 62%. 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
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
Fri, 07 Apr 2023Rp698.9tRp187.0tRp29.4t25.5x23.8x3.7x
Sun, 05 Mar 2023Rp672.9tRp185.2tRp31.4t23.4x21.4x3.6x
Tue, 31 Jan 2023Rp677.4tRp185.2tRp31.4t21.9x21.6x3.7x
Thu, 29 Dec 2022Rp672.9tRp185.2tRp31.4t22.6x21.4x3.6x
Price to Earnings Ratio

21.4x


Total Market Cap: Rp672.9tTotal Earnings: Rp31.4tTotal Revenue: Rp185.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21x202320242025
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 32.4x which is higher than its 3-year average PE of 21.0x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.6x.
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-0.97%
Telecom-4.67%
Telecom Services and Carriers-3.51%
Alternative Carriers-2.27%
Integrated Telecom Services-3.74%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 17.9x.
    • 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
TBIG Tower Bersama InfrastructureRp2.14k8.6%
+Rp3.8t		12.0%PE36.6x
DNET Indoritel Makmur InternasionalRp8.83k0.9%
+Rp1.1t		-2.5%PE107.4x
MORA Mora Telematika IndonesiaRp10.13k0.2%
+Rp591.2b		2,091.6%PE858.7x
TOWR Sarana Menara NusantaraRp580.001.8%
+Rp582.1b		-5.7%PE9.8x
DATA Remala AbadiRp4.13k1.7%
+Rp96.3b		436.4%PE52.1x

Latest News

KETR
Rp1,055.00
Ketrosden Triasmitra
7D
-13.2%
1Y
513.4%
TOWR
Rp580.00
Sarana Menara Nusantara
7D
1.8%
1Y
-5.7%

TOWR: Higher Required Returns Will Still Support A Bullish Outlook

Analysts have trimmed their price target for Sarana Menara Nusantara from approximately Rp1,175 to around Rp1,096. They cite a higher required return and slightly softer revenue growth expectations, partly offset by a modestly improved profit margin outlook and a richer projected forward P/E multiple.
BALI
Rp1,715.00
Bali Towerindo Sentra
7D
-21.0%
1Y
18.3%
GOLD
Rp330.00
Visi Telekomunikasi Infrastruktur
7D
-0.6%
1Y
18.7%
GHON
Rp1,655.00
Gihon Telekomunikasi Indonesia
7D
-2.1%
1Y
2.2%
DATA
Rp4,130.00
Remala Abadi
7D
1.7%
1Y
436.4%
CENT
Rp136.00
Centratama Telekomunikasi Indonesia
7D
-11.1%
1Y
231.7%
LINK
Rp3,500.00
Link Net
7D
-14.4%
1Y
196.6%
MTEL
Rp600.00
Dayamitra Telekomunikasi
7D
-1.6%
1Y
-9.1%
KBLV
Rp167.00
First Media
7D
-11.2%
1Y
81.5%
DNET
Rp8,825.00
Indoritel Makmur Internasional
7D
0.9%
1Y
-2.5%
TBIG
Rp2,140.00
Tower Bersama Infrastructure
7D
8.6%
1Y
12.0%
MORA
Rp10,125.00
Mora Telematika Indonesia
7D
0.2%
1Y
2,091.6%
IBST
Rp4,850.00
Inti Bangun Sejahtera
7D
0.4%
1Y
-4.0%