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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedAug 23, 2026
DataAggregated Company Financials
Companies15
  • 7D0.7%
  • 3M-10.8%
  • 1Y21.8%
  • YTD-37.6%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat, although notably Sarana Menara Nusantara gained 11%. The past year has been better, since the industry has gained 22% in that time. As for the next few years, earnings are expected to grow by 8.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Aug 2026Rp760.7tRp195.2tRp23.6t20.8x32.2x3.9x
Tue, 21 Jul 2026Rp816.7tRp191.8tRp23.1t20.2x35.4x4.3x
Thu, 18 Jun 2026Rp724.5tRp192.6tRp23.2t23x31.2x3.8x
Sat, 16 May 2026Rp722.0tRp191.8tRp24.4t23.7x29.6x3.8x
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
Price to Earnings Ratio

21.9x


Total Market Cap: Rp655.5tTotal Earnings: Rp29.9tTotal Revenue: Rp189.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.8x202420252026
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 32.2x which is higher than its 3-year average PE of 22.7x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 7.6% 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 Market1.85%
Telecom1.30%
Telecom Services and Carriers0.67%
Alternative Carriers0.72%
Integrated Telecom Services0.66%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.7x.
    • Analysts are expecting annual earnings growth of 8.3%, which is lower than the prior year's growth of 10.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 8.3% over the next 5 years.
  • However this is lower than its past earnings growth rate of 11% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 8.3% 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
TOWR Sarana Menara NusantaraRp434.0011.3%
+Rp2.6t		-28.3%PE6.5x
TBIG Tower Bersama InfrastructureRp1.45k3.9%
+Rp1.2t		-24.3%PE22.7x
DNET Indoritel Makmur InternasionalRp9.95k0.8%
+Rp1.1t		5.9%PE126.7x
MTEL Dayamitra TelekomunikasiRp440.002.3%
+Rp808.0b		-27.3%PE16.6x
KETR Ketrosden TriasmitraRp715.0025.4%
+Rp412.0b		141.6%PE27.9x

Latest News

LINK
Rp1,500.00
Link Net
7D
-9.4%
1Y
-55.8%
KETR
Rp715.00
Ketrosden Triasmitra
7D
25.4%
1Y
141.6%
TOWR
Rp434.00
Sarana Menara Nusantara
7D
11.3%
1Y
-28.3%
TLKM
Rp2,610.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-0.4%
1Y
-19.4%
Narrative Update • Aug 04

TLKM: Dividend And Share Buyback Will Support Future Upside

Analysts have trimmed their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 3,533 from IDR 3,629, citing slightly softer assumptions for long term revenue growth, profit margins, and future P/E multiples. What's in the News for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced an annual dividend of IDR 223.1659 per share, with an ex dividend date on June 18, 2026, a record date on June 19, 2026, and payment scheduled for July 10, 2026.
DNET
Rp9,950.00
Indoritel Makmur Internasional
7D
0.8%
1Y
5.9%
BALI
Rp1,255.00
Bali Towerindo Sentra
7D
4.1%
1Y
-7.7%
TBIG
Rp1,450.00
Tower Bersama Infrastructure
7D
3.9%
1Y
-24.3%
CENT
Rp86.00
Centratama Telekomunikasi Indonesia
7D
4.9%
1Y
-34.4%
DATA
Rp1,910.00
Remala Abadi
7D
0.8%
1Y
-37.6%
MTEL
Rp440.00
Dayamitra Telekomunikasi
7D
2.3%
1Y
-27.3%