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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies16
  • 7D4.1%
  • 3M-26.8%
  • 1Y37.1%
  • YTD-25.9%

The Telecom Services and Carriers industry is up 4.1% in the last week, with Mora Telematika Indonesia up 15%. Meanwhile, Link Net actually underperformed within the industry, shrinking 6.8% in the last week. This takes the industry's 12 month performance to a gain of 37%. 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
Sun, 12 Apr 2026Rp697.1tRp192.0tRp28.2t19.8x24.7x3.6x
Tue, 10 Mar 2026Rp706.1tRp191.3tRp27.1t19.6x26x3.7x
Thu, 05 Feb 2026Rp772.5tRp191.5tRp27.2t21x28.5x4x
Sat, 03 Jan 2026Rp939.5tRp191.5tRp27.2t24.7x34.6x4.9x
Mon, 01 Dec 2025Rp784.0tRp191.5tRp27.2t21.3x28.9x4.1x
Wed, 29 Oct 2025Rp648.7tRp191.4tRp28.9t22.1x22.5x3.4x
Fri, 26 Sep 2025Rp603.1tRp191.3tRp28.9t21.7x20.9x3.2x
Sun, 24 Aug 2025Rp619.2tRp190.9tRp28.8t21.1x21.5x3.2x
Tue, 22 Jul 2025Rp573.4tRp192.1tRp27.5t19.1x20.9x3x
Thu, 19 Jun 2025Rp606.3tRp193.9tRp28.7t18.7x21.1x3.1x
Sat, 17 May 2025Rp620.6tRp193.7tRp28.6t18.8x21.7x3.2x
Mon, 14 Apr 2025Rp554.9tRp194.3tRp26.8t19.5x20.7x2.9x
Wed, 12 Mar 2025Rp571.9tRp191.6tRp28.5t22.7x20.1x3x
Fri, 07 Feb 2025Rp543.6tRp190.7tRp28.0t24.2x19.4x2.9x
Sun, 05 Jan 2025Rp565.3tRp190.7tRp28.0t23.4x20.2x3x
Tue, 03 Dec 2024Rp551.8tRp190.7tRp28.0t23x19.7x2.9x
Thu, 31 Oct 2024Rp629.8tRp193.2tRp30.3t22.4x20.8x3.3x
Sat, 28 Sep 2024Rp661.0tRp193.1tRp31.4t22.4x21.1x3.4x
Mon, 26 Aug 2024Rp581.8tRp193.1tRp31.4t17.6x18.5x3x
Wed, 24 Jul 2024Rp597.3tRp192.5tRp32.0t21.7x18.6x3.1x
Fri, 21 Jun 2024Rp549.8tRp192.5tRp33.0t25.4x16.7x2.9x
Sun, 19 May 2024Rp562.9tRp192.5tRp33.0t24.8x17.1x2.9x
Tue, 16 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Thu, 14 Mar 2024Rp660.0tRp191.3tRp32.8t25.3x20.1x3.5x
Sat, 10 Feb 2024Rp672.8tRp191.2tRp33.1t22.1x20.4x3.5x
Mon, 08 Jan 2024Rp679.7tRp191.2tRp33.1t22.4x20.6x3.6x
Wed, 06 Dec 2023Rp676.2tRp191.2tRp33.0t21x20.5x3.5x
Fri, 03 Nov 2023Rp631.2tRp190.8tRp33.1t21.6x19.1x3.3x
Sun, 01 Oct 2023Rp654.3tRp189.7tRp29.8t27.6x22x3.4x
Tue, 29 Aug 2023Rp655.5tRp189.8tRp29.9t30.1x21.9x3.5x
Thu, 27 Jul 2023Rp662.2tRp188.7tRp30.7t29.1x21.6x3.5x
Sat, 24 Jun 2023Rp666.5tRp188.7tRp30.7t29.4x21.7x3.5x
Mon, 22 May 2023Rp673.3tRp188.7tRp30.7t28.7x21.9x3.6x
Wed, 19 Apr 2023Rp703.3tRp187.1tRp30.9t25.4x22.7x3.8x
Price to Earnings Ratio

22.7x


Total Market Cap: Rp703.3tTotal Earnings: Rp30.9tTotal Revenue: Rp187.1tTotal 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 24.7x 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 3.1% 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 Market7.52%
Telecom7.51%
Telecom Services and Carriers4.13%
Integrated Telecom Services5.05%
Alternative Carriers0.53%
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
MORA Mora Telematika IndonesiaRp4.72k15.4%
+Rp14.9t		1,074.1%PE248.9x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.21k2.6%
+Rp7.9t		37.8%PE14.6x
TBIG Tower Bersama InfrastructureRp1.72k5.5%
+Rp2.0t		-11.4%PE27.2x
IBST Inti Bangun SejahteraRp5.83k29.4%
+Rp1.8t		n/aPE19.1x
DNET Indoritel Makmur InternasionalRp9.20k0.8%
+Rp1.1t		-0.5%PE111.9x

Latest News

IBST
Rp5,825.00
Inti Bangun Sejahtera
7D
29.4%
1Y
n/a
TLKM
Rp3,210.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
2.6%
1Y
37.8%

TLKM: NeutraDC Stake Talks And Governance Events Will Shape Fairly Valued Outlook

Analysts now see Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia's fair value holding at IDR 3,169.91, with the modest shifts in discount rate, revenue growth and profit margin assumptions resulting in only a slight tweak in the implied future P/E outlook. What's in the News M&A discussions are ongoing around a potential sale of a majority stake in Telkom Indonesia's data center unit, NeutraDC.
DATA
Rp1,980.00
Remala Abadi
7D
-9.2%
1Y
93.2%
TOWR
Rp492.00
Sarana Menara Nusantara
7D
-0.4%
1Y
-3.5%
TBIG
Rp1,715.00
Tower Bersama Infrastructure
7D
5.5%
1Y
-11.4%
MORA
Rp4,720.00
Mora Telematika Indonesia
7D
15.4%
1Y
1,074.1%
KETR
Rp408.00
Ketrosden Triasmitra
7D
3.0%
1Y
144.3%
BALI
Rp1,325.00
Bali Towerindo Sentra
7D
3.9%
1Y
-3.3%
LINK
Rp1,840.00
Link Net
7D
-6.8%
1Y
-5.6%
MTEL
Rp525.00
Dayamitra Telekomunikasi
7D
1.0%
1Y
2.9%
DNET
Rp9,200.00
Indoritel Makmur Internasional
7D
0.8%
1Y
-0.5%