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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies16
  • 7D-2.5%
  • 3M-28.8%
  • 1Y27.9%
  • YTD-25.5%

Over the last 7 days, the Telecom Services and Carriers industry has risen 3.0%, driven by gains from Inti Bangun Sejahtera of 32%. Meanwhile, Mora Telematika Indonesia actually underperformed within the industry, shrinking 8.7% in the last week. This means that the industry has gained 31% over the past year. As for the next few years, earnings are expected to grow by 6.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026Rp700.5tRp192.3tRp28.3t24.1x24.8x3.6x
Fri, 20 Mar 2026Rp671.2tRp191.7tRp27.4t20.1x24.5x3.5x
Sun, 15 Feb 2026Rp778.9tRp191.5tRp27.2t21.2x28.7x4.1x
Tue, 13 Jan 2026Rp950.1tRp191.5tRp27.2t23.3x35x5x
Thu, 11 Dec 2025Rp986.1tRp191.5tRp27.2t28.2x36.3x5.2x
Sat, 08 Nov 2025Rp687.0tRp191.2tRp26.9t21.1x25.5x3.6x
Mon, 06 Oct 2025Rp592.4tRp191.3tRp28.9t22.5x20.5x3.1x
Wed, 03 Sep 2025Rp605.7tRp191.2tRp28.9t22.3x21x3.2x
Fri, 01 Aug 2025Rp580.6tRp192.1tRp27.6t20.7x21x3x
Sun, 29 Jun 2025Rp603.6tRp193.9tRp28.7t17.8x21x3.1x
Tue, 27 May 2025Rp628.6tRp193.7tRp28.6t19.2x21.9x3.2x
Thu, 24 Apr 2025Rp603.0tRp194.2tRp27.9t18.9x21.6x3.1x
Sat, 22 Mar 2025Rp555.5tRp191.6tRp28.5t21.3x19.5x2.9x
Mon, 17 Feb 2025Rp544.7tRp189.6tRp27.3t23.3x19.9x2.9x
Wed, 15 Jan 2025Rp549.2tRp190.7tRp28.0t22.5x19.6x2.9x
Fri, 13 Dec 2024Rp570.5tRp190.7tRp28.0t24.5x20.4x3x
Sun, 10 Nov 2024Rp605.2tRp192.7tRp29.5t22.7x20.5x3.1x
Tue, 08 Oct 2024Rp627.8tRp193.2tRp30.4t24x20.7x3.2x
Thu, 05 Sep 2024Rp609.4tRp193.1tRp31.4t18.5x19.4x3.2x
Sat, 03 Aug 2024Rp575.3tRp193.1tRp31.5t18.7x18.3x3x
Mon, 01 Jul 2024Rp584.9tRp192.5tRp33.0t24.7x17.7x3x
Wed, 29 May 2024Rp547.6tRp192.5tRp33.0t24.6x16.6x2.8x
Fri, 26 Apr 2024Rp567.2tRp192.1tRp33.1t24.7x17.1x3x
Sun, 24 Mar 2024Rp658.7tRp191.0tRp32.8t25.8x20.1x3.4x
Tue, 20 Feb 2024Rp689.4tRp191.1tRp32.8t23.3x21x3.6x
Thu, 18 Jan 2024Rp681.7tRp191.2tRp33.1t24.2x20.6x3.6x
Sat, 16 Dec 2023Rp689.9tRp191.1tRp33.0t20.8x20.9x3.6x
Mon, 13 Nov 2023Rp636.9tRp190.9tRp33.2t21.1x19.2x3.3x
Wed, 11 Oct 2023Rp654.6tRp189.7tRp29.8t25.8x22x3.5x
Fri, 08 Sep 2023Rp666.4tRp189.8tRp29.9t29.7x22.3x3.5x
Sun, 06 Aug 2023Rp643.3tRp189.8tRp29.9t29.2x21.5x3.4x
Tue, 04 Jul 2023Rp672.4tRp188.7tRp30.7t29x21.9x3.6x
Thu, 01 Jun 2023Rp684.4tRp188.7tRp30.7t29.4x22.3x3.6x
Sat, 29 Apr 2023Rp710.6tRp187.2tRp30.7t25.4x23.1x3.8x
Price to Earnings Ratio

23.1x


Total Market Cap: Rp710.6tTotal Earnings: Rp30.7tTotal Revenue: Rp187.2tTotal 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 25.3x 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 2.8% 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-1.71%
Telecom-3.27%
Telecom Services and Carriers-2.54%
Alternative Carriers0.91%
Integrated Telecom Services-3.38%
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 6.8%, 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 6.8% 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 6.8% 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
IBST Inti Bangun SejahteraRp8.48k32.4%
+Rp2.8t		56.9%PE27.8x
TBIG Tower Bersama InfrastructureRp1.80k2.3%
+Rp904.3b		-9.5%PE28.5x
KETR Ketrosden TriasmitraRp610.0039.9%
+Rp494.4b		278.9%PE12.7x
MTEL Dayamitra TelekomunikasiRp535.000.9%
+Rp407.0b		-8.5%PE20.5x
TOWR Sarana Menara NusantaraRp505.001.0%
+Rp291.1b		-8.2%PE8x

Latest News

MTEL
Rp535.00
Dayamitra Telekomunikasi
7D
0.9%
1Y
-8.5%
CENT
Rp111.00
Centratama Telekomunikasi Indonesia
7D
5.7%
1Y
-13.3%
KETR
Rp610.00
Ketrosden Triasmitra
7D
39.9%
1Y
278.9%
DATA
Rp2,270.00
Remala Abadi
7D
-3.8%
1Y
121.5%
TOWR
Rp505.00
Sarana Menara Nusantara
7D
1.0%
1Y
-8.2%

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
Rp5,575.00
Mora Telematika Indonesia
7D
-2.2%
1Y
1,178.7%
IBST
Rp8,475.00
Inti Bangun Sejahtera
7D
32.4%
1Y
56.9%
TLKM
Rp2,990.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-3.2%
1Y
13.7%

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.
GHON
Rp1,775.00
Gihon Telekomunikasi Indonesia
7D
-1.9%
1Y
19.5%
TBIG
Rp1,800.00
Tower Bersama Infrastructure
7D
2.3%
1Y
-9.5%
GOLD
Rp292.00
Visi Telekomunikasi Infrastruktur
7D
-0.7%
1Y
16.8%
KBLV
Rp131.00
First Media
7D
0.8%
1Y
18.0%
BALI
Rp1,290.00
Bali Towerindo Sentra
7D
-2.6%
1Y
-3.0%
LINK
Rp1,920.00
Link Net
7D
-2.5%
1Y
4.6%
DNET
Rp9,225.00
Indoritel Makmur Internasional
7D
-1.6%
1Y
-4.9%