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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedApr 13, 2026
DataAggregated Company Financials
Companies16
  • 7D4.1%
  • 3M-26.7%
  • 1Y37.1%
  • YTD-25.9%

Over the last 7 days, the Telecom Services and Carriers industry has risen 4.1%, driven by gains from Mora Telematika Indonesia of 15%. In the same time, Link Net was down 6.8%. In the last 12 months, the industry was up 37%. Earnings are forecast to grow by 6.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Apr 2026Rp697.1tRp192.0tRp28.2t19.8x24.7x3.6x
Wed, 11 Mar 2026Rp691.4tRp191.3tRp27.1t19.6x25.5x3.6x
Fri, 06 Feb 2026Rp742.9tRp191.5tRp27.2t20.6x27.4x3.9x
Sun, 04 Jan 2026Rp939.5tRp191.5tRp27.2t24.7x34.6x4.9x
Tue, 02 Dec 2025Rp807.8tRp191.5tRp27.2t22.3x29.8x4.2x
Thu, 30 Oct 2025Rp636.4tRp191.4tRp28.9t21.7x22x3.3x
Sat, 27 Sep 2025Rp600.0tRp191.3tRp28.9t21.9x20.8x3.1x
Mon, 25 Aug 2025Rp619.2tRp190.9tRp28.8t21.1x21.5x3.2x
Wed, 23 Jul 2025Rp573.4tRp192.1tRp27.5t20.9x20.9x3x
Fri, 20 Jun 2025Rp595.5tRp193.9tRp28.7t18.7x20.7x3.1x
Sun, 18 May 2025Rp628.6tRp193.7tRp28.6t18.8x21.9x3.2x
Tue, 15 Apr 2025Rp577.4tRp194.3tRp26.8t19.1x21.5x3x
Thu, 13 Mar 2025Rp578.1tRp191.6tRp28.5t22.7x20.3x3x
Sat, 08 Feb 2025Rp549.4tRp190.7tRp28.0t23.3x19.6x2.9x
Mon, 06 Jan 2025Rp565.3tRp190.7tRp28.0t23.4x20.2x3x
Wed, 04 Dec 2024Rp565.4tRp190.7tRp28.0t23x20.2x3x
Fri, 01 Nov 2024Rp629.8tRp192.6tRp29.6t22.4x21.3x3.3x
Sun, 29 Sep 2024Rp648.8tRp193.1tRp31.4t22.4x20.7x3.4x
Tue, 27 Aug 2024Rp581.9tRp193.1tRp31.4t17.6x18.5x3x
Thu, 25 Jul 2024Rp597.3tRp192.5tRp32.0t21.7x18.6x3.1x
Sat, 22 Jun 2024Rp551.3tRp192.5tRp33.0t25.2x16.7x2.9x
Mon, 20 May 2024Rp562.9tRp192.5tRp33.0t24.8x17.1x2.9x
Wed, 17 Apr 2024Rp612.7tRp190.7tRp33.4t26.4x18.3x3.2x
Fri, 15 Mar 2024Rp665.6tRp191.3tRp32.8t25.4x20.3x3.5x
Sun, 11 Feb 2024Rp672.8tRp191.2tRp33.1t22.1x20.4x3.5x
Tue, 09 Jan 2024Rp678.3tRp191.2tRp33.1t23.7x20.5x3.5x
Thu, 07 Dec 2023Rp680.3tRp191.2tRp33.0t21x20.6x3.6x
Sat, 04 Nov 2023Rp635.6tRp190.9tRp33.2t18.7x19.2x3.3x
Mon, 02 Oct 2023Rp654.3tRp189.7tRp29.8t27.6x22x3.4x
Wed, 30 Aug 2023Rp655.5tRp189.8tRp29.9t29.9x21.9x3.5x
Fri, 28 Jul 2023Rp644.5tRp188.7tRp30.7t29.1x21x3.4x
Sun, 25 Jun 2023Rp668.3tRp188.7tRp30.7t29.4x21.8x3.5x
Tue, 23 May 2023Rp673.3tRp188.7tRp30.7t28.2x21.9x3.6x
Thu, 20 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 Market7.51%
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 IndonesiaRp4.58k20.5%
+Rp18.4t		1,011.7%PE241.5x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.21k2.6%
+Rp7.9t		37.8%PE14.6x
TBIG Tower Bersama InfrastructureRp1.73k6.5%
+Rp2.4t		-10.8%PE27.4x
IBST Inti Bangun SejahteraRp5.83k29.4%
+Rp1.8t		n/aPE19.1x
DNET Indoritel Makmur InternasionalRp9.23k1.1%
+Rp1.4t		-7.5%PE112.3x

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
Rp2,470.00
Remala Abadi
7D
33.2%
1Y
138.6%
TBIG
Rp1,730.00
Tower Bersama Infrastructure
7D
6.5%
1Y
-10.8%
MORA
Rp4,580.00
Mora Telematika Indonesia
7D
20.5%
1Y
1,011.7%
KETR
Rp442.00
Ketrosden Triasmitra
7D
10.0%
1Y
166.3%
MTEL
Rp525.00
Dayamitra Telekomunikasi
7D
1.0%
1Y
2.9%
DNET
Rp9,225.00
Indoritel Makmur Internasional
7D
1.1%
1Y
-7.5%