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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies16
  • 7D-10.1%
  • 3M-5.8%
  • 1Y14.7%
  • YTD-28.7%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 10%, driven by pullbacks in Mora Telematika Indonesia and Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia of 17% and 8.9%, respectively. Over the past 12 months, the industry was up 15%. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026Rp669.3tRp192.6tRp23.2t18.9x28.8x3.5x
Mon, 04 May 2026Rp663.5tRp192.4tRp28.3t22.3x23.5x3.4x
Wed, 01 Apr 2026Rp672.0tRp191.7tRp27.4t19.5x24.6x3.5x
Fri, 27 Feb 2026Rp777.5tRp191.3tRp27.1t20.6x28.7x4.1x
Sun, 25 Jan 2026Rp1014.8tRp191.5tRp27.2t22.5x37.4x5.3x
Tue, 23 Dec 2025Rp876.3tRp191.5tRp27.2t23.1x32.3x4.6x
Thu, 20 Nov 2025Rp789.4tRp191.5tRp27.2t22x29.1x4.1x
Sat, 18 Oct 2025Rp601.4tRp191.3tRp28.9t22.8x20.8x3.1x
Mon, 15 Sep 2025Rp600.5tRp191.1tRp28.8t22.1x20.9x3.1x
Wed, 13 Aug 2025Rp612.3tRp190.9tRp28.8t21.5x21.3x3.2x
Fri, 11 Jul 2025Rp596.9tRp193.9tRp28.6t18.7x20.9x3.1x
Sun, 08 Jun 2025Rp629.4tRp193.9tRp28.7t18.7x21.9x3.2x
Tue, 06 May 2025Rp621.7tRp193.3tRp28.8t19.1x21.6x3.2x
Thu, 03 Apr 2025Rp566.2tRp194.4tRp26.8t21.9x21.1x2.9x
Sat, 01 Mar 2025Rp567.3tRp191.4tRp28.4t23.7x19.9x3x
Mon, 27 Jan 2025Rp564.3tRp190.7tRp28.0t26.2x20.2x3x
Wed, 25 Dec 2024Rp558.5tRp190.7tRp28.0t23.8x19.9x2.9x
Fri, 22 Nov 2024Rp609.8tRp192.6tRp29.1t23x21x3.2x
Sun, 20 Oct 2024Rp649.0tRp193.2tRp30.4t23.3x21.4x3.4x
Tue, 17 Sep 2024Rp662.1tRp193.1tRp31.4t22.2x21.1x3.4x
Thu, 15 Aug 2024Rp572.4tRp193.1tRp31.4t17.8x18.2x3x
Sat, 13 Jul 2024Rp596.0tRp192.5tRp32.0t22x18.6x3.1x
Mon, 10 Jun 2024Rp576.8tRp192.5tRp33.0t25.2x17.5x3x
Wed, 08 May 2024Rp567.6tRp192.5tRp33.0t23.4x17.2x2.9x
Fri, 05 Apr 2024Rp569.5tRp188.8tRp32.3t24x17.6x3x
Sun, 03 Mar 2024Rp666.4tRp191.1tRp32.8t24.5x20.3x3.5x
Tue, 30 Jan 2024Rp681.0tRp191.2tRp33.1t22.6x20.6x3.6x
Thu, 28 Dec 2023Rp686.4tRp191.1tRp33.0t21.5x20.8x3.6x
Sat, 25 Nov 2023Rp647.6tRp190.9tRp33.2t21.5x19.5x3.4x
Mon, 23 Oct 2023Rp636.2tRp189.7tRp29.8t24.1x21.4x3.4x
Wed, 20 Sep 2023Rp652.6tRp189.8tRp29.9t28.5x21.8x3.4x
Fri, 18 Aug 2023Rp666.2tRp189.8tRp29.9t30.2x22.3x3.5x
Sun, 16 Jul 2023Rp667.1tRp188.7tRp30.7t29.1x21.8x3.5x
Tue, 13 Jun 2023Rp677.6tRp188.7tRp30.7t30x22.1x3.6x
Price to Earnings Ratio

22.1x


Total Market Cap: Rp677.6tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22x202420252026
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 28.8x which is higher than its 3-year average PE of 22.0x.
  • 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 Market-8.61%
Telecom-9.86%
Telecom Services and Carriers-10.08%
Alternative Carriers-7.72%
Integrated Telecom Services-10.72%
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 10.7%, 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 11% 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 11% 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
LINK Link NetRp1.18k4.4%
+Rp137.7b		-27.6%PS1.1x

Latest News

DATA
Rp1,300.00
Remala Abadi
7D
-23.3%
1Y
-4.8%
TOWR
Rp330.00
Sarana Menara Nusantara
7D
-13.2%
1Y
-37.7%
Narrative Update • Jun 04

TOWR: Extraordinary Shareholder Meeting And Higher P/E Assumptions Will Support Upside

Analysts have maintained Sarana Menara Nusantara's fair value estimate at IDR 525.00. The unchanged price target is supported by updated assumptions that now include a higher discount rate, more muted revenue growth, slightly lower profit margins, and a higher future P/E multiple.
TBIG
Rp1,455.00
Tower Bersama Infrastructure
7D
-4.6%
1Y
-37.0%
TLKM
Rp2,760.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-8.9%
1Y
-2.8%
Narrative Update • May 25

TLKM: Share Buyback And Governance Delays Will Shape Fairly Valued Outlook

Analysts now see fair value for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia at about IDR 3,023.79 per share, down from roughly IDR 3,169.91, reflecting updated assumptions for slower revenue growth, slightly higher profit margins, and a modestly lower future P/E multiple. What's in the News Announced a share repurchase program to buy back up to 10% of issued share capital, with funding of IDR 1,000,000 million sourced from existing cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026 (Key Developments).
LINK
Rp1,180.00
Link Net
7D
4.4%
1Y
-27.6%
DNET
Rp10,075.00
Indoritel Makmur Internasional
7D
-8.0%
1Y
3.9%
MORA
Rp5,700.00
Mora Telematika Indonesia
7D
-17.4%
1Y
1,231.8%
MTEL
Rp498.00
Dayamitra Telekomunikasi
7D
-4.2%
1Y
-16.3%
CENT
Rp68.00
Centratama Telekomunikasi Indonesia
7D
-16.0%
1Y
-26.1%