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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies16
  • 7D1.4%
  • 3M5.4%
  • 1Y30.2%
  • YTD-24.7%

The Telecom Services and Carriers industry is up 1.4% in the last week, with Mora Telematika Indonesia up 23%. In the same time, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia was down 9.8%. In the last 12 months, the industry was up 30%. Earnings are forecast to grow by 10.0% 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 Jun 2026Rp706.8tRp192.6tRp23.2t21.7x30.4x3.7x
Wed, 20 May 2026Rp704.0tRp191.8tRp24.4t21.1x28.9x3.7x
Fri, 17 Apr 2026Rp718.2tRp192.2tRp28.2t21.8x25.5x3.7x
Sun, 15 Mar 2026Rp651.2tRp191.3tRp27.1t19.4x24x3.4x
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
Price to Earnings Ratio

22x


Total Market Cap: Rp675.4tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.1x202420252026
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 30.4x which is higher than its 3-year average PE of 22.1x.
  • 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 8.8% 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 Market2.22%
Telecom1.34%
Telecom Services and Carriers1.44%
Alternative Carriers1.70%
Integrated Telecom Services1.36%
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 10.0%, which is higher than its past year's earnings growth of 3.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 10.0% over the next 5 years.
  • This is better than its past earnings growth rate of 3.8% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 10.0% 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
MORA Mora Telematika IndonesiaRp7.80k23.3%
+Rp34.9t		1,739.6%PE390.2x
DNET Indoritel Makmur InternasionalRp10.30k1.5%
+Rp2.1t		12.9%PE113.7x
TOWR Sarana Menara NusantaraRp372.008.1%
+Rp1.6t		-23.5%PE5.7x
LINK Link NetRp1.49k11.7%
+Rp426.9b		-4.5%PS1.4x
DATA Remala AbadiRp2.08k14.9%
+Rp371.3b		80.9%PE25x

Latest News

TLKM
Rp2,580.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-9.8%
1Y
-2.3%
DATA
Rp2,080.00
Remala Abadi
7D
14.9%
1Y
80.9%
TOWR
Rp372.00
Sarana Menara Nusantara
7D
8.1%
1Y
-23.5%
Narrative Update • Jun 18

TOWR: Special Shareholder Meeting Will Support Future Share Price Upside

Analysts have reduced their fair value estimate for Sarana Menara Nusantara to IDR950 from IDR1,025, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Sarana Menara Nusantara PT Sarana Menara Nusantara Tbk has scheduled a Special or Extraordinary Shareholders Meeting for May 20, 2026.
GHON
Rp1,700.00
Gihon Telekomunikasi Indonesia
7D
-11.7%
1Y
8.3%
TBIG
Rp1,350.00
Tower Bersama Infrastructure
7D
-6.6%
1Y
-35.4%
BALI
Rp1,205.00
Bali Towerindo Sentra
7D
-0.4%
1Y
-32.7%
KBLV
Rp91.00
First Media
7D
-6.2%
1Y
51.7%
KETR
Rp560.00
Ketrosden Triasmitra
7D
-0.9%
1Y
169.2%
JAST
Rp85.00
PT. Jasnita Telekomindo
7D
6.3%
1Y
46.6%
LINK
Rp1,485.00
Link Net
7D
11.7%
1Y
-4.5%
DNET
Rp10,300.00
Indoritel Makmur Internasional
7D
1.5%
1Y
12.9%
MORA
Rp7,800.00
Mora Telematika Indonesia
7D
23.3%
1Y
1,739.6%
GOLD
Rp270.00
Visi Telekomunikasi Infrastruktur
7D
11.6%
1Y
12.5%
MTEL
Rp500.00
Dayamitra Telekomunikasi
7D
0.4%
1Y
-4.8%
CENT
Rp74.00
Centratama Telekomunikasi Indonesia
7D
-5.1%
1Y
-18.7%