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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJul 23, 2026
DataAggregated Company Financials
Companies15
  • 7D1.4%
  • 3M-0.03%
  • 1Y41.1%
  • YTD-32.8%

Over the last 7 days, the Telecom Services and Carriers industry has risen 1.7%, driven by gains from Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia of 7.1%. This takes the industry's 12 month performance to a gain of 43%. Earnings are forecast to grow by 9.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Jul 2026Rp819.8tRp191.8tRp23.1t20.1x35.6x4.3x
Sat, 20 Jun 2026Rp706.8tRp192.6tRp23.2t21.7x30.4x3.7x
Mon, 18 May 2026Rp722.0tRp191.8tRp24.4t23.7x29.6x3.8x
Wed, 15 Apr 2026Rp718.9tRp192.0tRp28.2t20.7x25.5x3.7x
Fri, 13 Mar 2026Rp677.8tRp191.3tRp27.1t19.4x25x3.5x
Sun, 08 Feb 2026Rp733.9tRp191.5tRp27.2t20.4x27x3.8x
Tue, 06 Jan 2026Rp948.5tRp191.5tRp27.2t25x34.9x5x
Thu, 04 Dec 2025Rp836.8tRp191.5tRp27.2t22.7x30.8x4.4x
Sat, 01 Nov 2025Rp645.3tRp191.0tRp26.7t21.6x24.1x3.4x
Mon, 29 Sep 2025Rp599.0tRp191.3tRp28.9t21.9x20.8x3.1x
Wed, 27 Aug 2025Rp636.1tRp190.9tRp28.8t23.1x22.1x3.3x
Fri, 25 Jul 2025Rp569.8tRp192.1tRp27.5t20.8x20.7x3x
Sun, 22 Jun 2025Rp595.4tRp193.9tRp28.7t17.9x20.7x3.1x
Tue, 20 May 2025Rp634.0tRp193.7tRp28.6t19x22.1x3.3x
Thu, 17 Apr 2025Rp578.1tRp194.4tRp26.8t18.9x21.6x3x
Sat, 15 Mar 2025Rp572.1tRp191.5tRp28.5t23.4x20.1x3x
Mon, 10 Feb 2025Rp549.3tRp190.7tRp28.0t23.3x19.6x2.9x
Wed, 08 Jan 2025Rp549.9tRp190.7tRp28.0t22.6x19.6x2.9x
Fri, 06 Dec 2024Rp564.3tRp190.7tRp28.0t24x20.2x3x
Sun, 03 Nov 2024Rp613.2tRp192.3tRp29.5t23.5x20.8x3.2x
Tue, 01 Oct 2024Rp641.6tRp193.1tRp31.4t23.9x20.4x3.3x
Thu, 29 Aug 2024Rp587.3tRp193.1tRp31.4t19.6x18.7x3x
Sat, 27 Jul 2024Rp588.7tRp192.5tRp32.0t21.6x18.4x3.1x
Mon, 24 Jun 2024Rp562.0tRp192.5tRp33.0t25.2x17x2.9x
Wed, 22 May 2024Rp562.5tRp192.5tRp33.0t24.4x17.1x2.9x
Fri, 19 Apr 2024Rp586.3tRp190.7tRp33.4t24.7x17.5x3.1x
Sun, 17 Mar 2024Rp665.9tRp191.3tRp32.8t25.6x20.3x3.5x
Tue, 13 Feb 2024Rp675.8tRp191.2tRp33.1t22.7x20.4x3.5x
Thu, 11 Jan 2024Rp690.6tRp191.2tRp33.1t25.9x20.9x3.6x
Sat, 09 Dec 2023Rp680.0tRp191.1tRp33.0t21x20.6x3.6x
Mon, 06 Nov 2023Rp635.1tRp191.0tRp33.2t18.7x19.1x3.3x
Wed, 04 Oct 2023Rp651.5tRp189.7tRp29.8t26.4x21.9x3.4x
Fri, 01 Sep 2023Rp667.0tRp189.8tRp29.9t29.8x22.3x3.5x
Sun, 30 Jul 2023Rp644.0tRp189.3tRp29.8t28.6x21.6x3.4x
Price to Earnings Ratio

21.6x


Total Market Cap: Rp644.0tTotal Earnings: Rp29.8tTotal Revenue: Rp189.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.4x202420252026
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 35.9x which is higher than its 3-year average PE of 22.4x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 9.1% 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 Market4.79%
Telecom1.11%
Telecom Services and Carriers1.42%
Integrated Telecom Services1.98%
Alternative Carriers-1.14%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.5x.
    • Analysts are expecting annual earnings growth of 9.2%, 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 9.2% 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 9.2% 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
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp2.70k7.1%
+Rp17.8t		-5.3%PE16.1x
TOWR Sarana Menara NusantaraRp412.009.0%
+Rp2.0t		-39.0%PE6.3x
CENT Centratama Telekomunikasi IndonesiaRp83.0012.2%
+Rp280.7b		-18.6%PS1x
KETR Ketrosden TriasmitraRp570.008.6%
+Rp127.9b		152.2%PE9.7x
KBLV First MediaRp138.0062.4%
+Rp92.3b		142.1%PE94.7x

Latest News

TLKM
Rp2,700.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
7.1%
1Y
-5.3%
Narrative Update • Jul 21

TLKM: Buybacks And Governance Shifts Will Shape A Cautiously Balanced Outlook

Analysts have trimmed their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 2,902.82 from IDR 3,023.79, citing updated expectations for revenue growth, profit margins, and a higher future P/E assumption. What’s in the News for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Announced an annual dividend of IDR 223.1659 per share, with an ex date set for June 18, 2026, a record date of June 19, 2026, and payment scheduled for July 10, 2026.
TOWR
Rp412.00
Sarana Menara Nusantara
7D
9.0%
1Y
-39.0%
Narrative Update • Jul 16

TOWR: Lower P/E Assumptions And Margin Outlook Will Shape Balanced Upside

Analysts have reduced their price target for Sarana Menara Nusantara from IDR 525 to IDR 390. They cited updated assumptions that include a lower discount rate, a slightly adjusted profit margin outlook, and a revised future P/E multiple, along with neutral changes to revenue growth expectations.
KBLV
Rp138.00
First Media
7D
62.4%
1Y
142.1%
DATA
Rp2,050.00
Remala Abadi
7D
-16.3%
1Y
18.5%
MTEL
Rp454.00
Dayamitra Telekomunikasi
7D
-1.7%
1Y
-25.6%
MORA
Rp6,400.00
Mora Telematika Indonesia
7D
-1.5%
1Y
1,541.0%
CENT
Rp83.00
Centratama Telekomunikasi Indonesia
7D
12.2%
1Y
-18.6%
BALI
Rp1,225.00
Bali Towerindo Sentra
7D
-0.8%
1Y
-23.2%
GHON
Rp1,640.00
Gihon Telekomunikasi Indonesia
7D
3.5%
1Y
1.9%
TBIG
Rp1,410.00
Tower Bersama Infrastructure
7D
-3.1%
1Y
-28.4%
KETR
Rp570.00
Ketrosden Triasmitra
7D
8.6%
1Y
152.2%
JAST
Rp85.00
PT. Jasnita Telekomindo
7D
-1.2%
1Y
34.9%
DNET
Rp9,675.00
Indoritel Makmur Internasional
7D
-1.3%
1Y
6.3%
GOLD
Rp262.00
Visi Telekomunikasi Infrastruktur
7D
-3.0%
1Y
4.8%