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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies16
  • 7D4.5%
  • 3M26.2%
  • 1Y38.9%
  • YTD39.1%

In the last week, the Telecom Services and Carriers industry is up 7.1%, with Mora Telematika Indonesia up 50%. In the same time, Tower Bersama Infrastructure was down 10%. This means that the industry has gained 42% over the past year. As for the next few years, earnings are expected to grow by 6.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025Rp789.4tRp191.5tRp27.2t22x29.1x4.1x
Sun, 19 Oct 2025Rp592.5tRp191.3tRp28.9t22.8x20.5x3.1x
Tue, 16 Sep 2025Rp616.5tRp191.1tRp28.8t22.3x21.4x3.2x
Thu, 14 Aug 2025Rp629.4tRp190.9tRp28.8t21.5x21.9x3.3x
Sat, 12 Jul 2025Rp596.9tRp193.9tRp28.6t18.7x20.9x3.1x
Mon, 09 Jun 2025Rp629.4tRp193.9tRp28.7t18.7x21.9x3.2x
Wed, 07 May 2025Rp624.4tRp193.3tRp28.8t19.7x21.7x3.2x
Fri, 04 Apr 2025Rp566.2tRp194.3tRp26.9t20.8x21.1x2.9x
Sun, 02 Mar 2025Rp567.3tRp191.4tRp28.4t23.7x19.9x3x
Tue, 28 Jan 2025Rp564.3tRp190.7tRp28.0t26.2x20.2x3x
Thu, 26 Dec 2024Rp558.5tRp190.7tRp28.0t23.8x19.9x2.9x
Sat, 23 Nov 2024Rp607.9tRp192.6tRp29.1t23.5x20.9x3.2x
Mon, 21 Oct 2024Rp649.0tRp193.2tRp30.4t23.3x21.4x3.4x
Wed, 18 Sep 2024Rp651.3tRp193.1tRp31.4t23.2x20.7x3.4x
Fri, 16 Aug 2024Rp572.4tRp193.1tRp31.4t17.7x18.2x3x
Sun, 14 Jul 2024Rp603.3tRp192.5tRp32.0t22x18.8x3.1x
Tue, 11 Jun 2024Rp576.8tRp192.5tRp33.0t23.8x17.5x3x
Thu, 09 May 2024Rp571.2tRp192.5tRp33.0t23.2x17.3x3x
Sat, 06 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Mon, 04 Mar 2024Rp666.4tRp191.1tRp32.8t24.5x20.3x3.5x
Wed, 31 Jan 2024Rp677.8tRp191.2tRp33.1t22.8x20.5x3.5x
Fri, 29 Dec 2023Rp688.1tRp191.1tRp33.0t21x20.8x3.6x
Sun, 26 Nov 2023Rp648.8tRp190.9tRp33.2t21.5x19.6x3.4x
Tue, 24 Oct 2023Rp630.5tRp189.7tRp29.8t25.3x21.2x3.3x
Thu, 21 Sep 2023Rp652.6tRp189.7tRp29.8t26.9x21.9x3.4x
Sat, 19 Aug 2023Rp666.2tRp189.8tRp29.9t30.3x22.3x3.5x
Mon, 17 Jul 2023Rp667.1tRp188.7tRp30.7t29.1x21.8x3.5x
Wed, 14 Jun 2023Rp672.8tRp188.7tRp30.7t29.7x21.9x3.6x
Fri, 12 May 2023Rp683.8tRp188.7tRp31.0t25.4x22x3.6x
Sun, 09 Apr 2023Rp698.9tRp187.0tRp29.4t26x23.8x3.7x
Tue, 07 Mar 2023Rp670.4tRp185.2tRp31.4t22.6x21.3x3.6x
Thu, 02 Feb 2023Rp669.0tRp185.2tRp31.4t21.5x21.3x3.6x
Sat, 31 Dec 2022Rp675.0tRp185.2tRp31.4t23.4x21.5x3.6x
Mon, 28 Nov 2022Rp702.3tRp184.4tRp30.3t24.2x23.2x3.8x
Price to Earnings Ratio

23.2x


Total Market Cap: Rp702.3tTotal Earnings: Rp30.3tTotal Revenue: Rp184.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 20.7x202320242025
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 29.0x which is higher than its 3-year average PE of 20.7x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 3.5% 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 Market0.34%
Telecom3.23%
Telecom Services and Carriers4.46%
Integrated Telecom Services5.47%
Alternative Carriers-0.12%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 17.8x.
    • Analysts are expecting annual earnings growth of 6.3%, which is higher than its past year's earnings growth of 1.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 6.3% over the next 5 years.
  • This is better than its past earnings growth rate of 1.7% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 6.3% 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 IndonesiaRp6.08k19.7%
+Rp23.6t		1,465.7%PE515.2x
MTEL Dayamitra TelekomunikasiRp570.001.8%
+Rp815.3b		-3.4%PE22x
DNET Indoritel Makmur InternasionalRp8.95k0.3%
+Rp354.6b		-1.1%PE108.9x
DATA Remala AbadiRp4.70k3.3%
+Rp206.3b		623.1%PE59.3x
KETR Ketrosden TriasmitraRp480.008.6%
+Rp108.0b		128.6%PE10x

Latest News

CENT
Rp132.00
Centratama Telekomunikasi Indonesia
7D
-9.6%
1Y
193.3%
KETR
Rp480.00
Ketrosden Triasmitra
7D
8.6%
1Y
128.6%
LINK
Rp2,920.00
Link Net
7D
-2.0%
1Y
144.4%
MTEL
Rp570.00
Dayamitra Telekomunikasi
7D
1.8%
1Y
-3.4%
TLKM
Rp3,500.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-1.4%
1Y
27.3%

TLKM: Upcoming Shareholder Meetings And Improved Margins Will Shape Outlook

Analysts have raised their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia by approximately Rp41 to Rp3,558, citing improved forecasts for revenue growth and profit margin in their updated assessment. What's in the News Special/Extraordinary Shareholders Meeting scheduled for December 12, 2025 (Key Developments) Special/Extraordinary Shareholders Meeting will be held on September 16, 2025, in Jakarta, Indonesia.
DATA
Rp4,700.00
Remala Abadi
7D
3.3%
1Y
623.1%
KBLV
Rp212.00
First Media
7D
-13.8%
1Y
112.0%
DNET
Rp8,950.00
Indoritel Makmur Internasional
7D
0.3%
1Y
-1.1%
TBIG
Rp1,985.00
Tower Bersama Infrastructure
7D
-0.7%
1Y
1.5%
GHON
Rp1,715.00
Gihon Telekomunikasi Indonesia
7D
1.8%
1Y
1.5%
MORA
Rp6,075.00
Mora Telematika Indonesia
7D
19.7%
1Y
1,465.7%
IBST
Rp5,200.00
Inti Bangun Sejahtera
7D
-1.9%
1Y
3.0%
JAST
Rp99.00
PT. Jasnita Telekomindo
7D
3.1%
1Y
80.0%
BALI
Rp1,210.00
Bali Towerindo Sentra
7D
0.4%
1Y
-16.6%