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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedAug 19, 2026
DataAggregated Company Financials
Companies15
  • 7D1.1%
  • 3M-15.7%
  • 1Y20.3%
  • YTD-38.4%

Indoritel Makmur Internasional is up 2.1%, leading the way for the Telecom Services and Carriers industry, which has gained 1.1%. This takes the industry's 12 month performance to a gain of 20%. 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
Wed, 19 Aug 2026Rp750.7tRp195.3tRp23.7t21.2x31.7x3.8x
Fri, 17 Jul 2026Rp818.6tRp192.6tRp23.4t23x34.9x4.2x
Sun, 14 Jun 2026Rp696.8tRp192.6tRp23.2t18.9x30x3.6x
Tue, 12 May 2026Rp774.8tRp192.5tRp28.4t23.6x27.3x4x
Thu, 09 Apr 2026Rp681.3tRp191.9tRp28.2t19.8x24.2x3.5x
Sat, 07 Mar 2026Rp710.7tRp191.3tRp27.1t19.8x26.2x3.7x
Mon, 02 Feb 2026Rp908.8tRp191.5tRp27.2t21.4x33.5x4.7x
Wed, 31 Dec 2025Rp949.9tRp191.5tRp27.2t23.9x35x5x
Fri, 28 Nov 2025Rp786.1tRp191.5tRp27.2t22.6x29x4.1x
Sun, 26 Oct 2025Rp640.6tRp191.4tRp28.9t22.8x22.2x3.3x
Tue, 23 Sep 2025Rp611.1tRp191.3tRp28.9t22.5x21.2x3.2x
Thu, 21 Aug 2025Rp616.6tRp190.9tRp28.8t21.1x21.4x3.2x
Sat, 19 Jul 2025Rp565.3tRp192.1tRp27.5t19x20.6x2.9x
Mon, 16 Jun 2025Rp612.6tRp193.9tRp28.7t19.3x21.3x3.2x
Wed, 14 May 2025Rp612.9tRp193.7tRp28.6t19.1x21.4x3.2x
Fri, 11 Apr 2025Rp559.0tRp194.3tRp26.8t19.2x20.8x2.9x
Sun, 09 Mar 2025Rp580.4tRp191.6tRp28.5t24.2x20.4x3x
Tue, 04 Feb 2025Rp554.8tRp190.7tRp28.0t24.6x19.8x2.9x
Thu, 02 Jan 2025Rp560.0tRp190.7tRp28.0t23.5x20x2.9x
Sat, 30 Nov 2024Rp604.8tRp192.6tRp29.1t24x20.8x3.1x
Mon, 28 Oct 2024Rp629.6tRp193.2tRp30.3t23x20.8x3.3x
Wed, 25 Sep 2024Rp659.4tRp193.1tRp31.4t21.7x21x3.4x
Fri, 23 Aug 2024Rp577.8tRp193.1tRp31.4t17.5x18.4x3x
Sun, 21 Jul 2024Rp549.9tRp190.6tRp30.9t18.8x17.8x2.9x
Tue, 18 Jun 2024Rp538.8tRp192.5tRp33.0t21.3x16.3x2.8x
Thu, 16 May 2024Rp575.6tRp192.5tRp33.0t23.6x17.4x3x
Sat, 13 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Mon, 11 Mar 2024Rp657.9tRp191.3tRp32.8t26x20x3.4x
Wed, 07 Feb 2024Rp675.2tRp191.2tRp33.1t23x20.4x3.5x
Fri, 05 Jan 2024Rp686.7tRp191.2tRp33.1t21.7x20.8x3.6x
Sun, 03 Dec 2023Rp671.0tRp190.9tRp33.0t20.8x20.3x3.5x
Tue, 31 Oct 2023Rp618.2tRp189.7tRp29.8t25.5x20.8x3.3x
Thu, 28 Sep 2023Rp650.3tRp189.7tRp29.8t26.9x21.8x3.4x
Sat, 26 Aug 2023Rp653.4tRp189.8tRp29.9t29.9x21.9x3.4x
Price to Earnings Ratio

21.9x


Total Market Cap: Rp653.4tTotal Earnings: Rp29.9tTotal Revenue: Rp189.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.7x202420252026
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 31.7x 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 3.8x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 7.5% 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 Market3.67%
Telecom3.39%
Telecom Services and Carriers1.09%
Alternative Carriers2.46%
Integrated Telecom Services0.76%
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
MORA Mora Telematika IndonesiaRp5.15k2.5%
+Rp6.0t		1,114.6%PE417x
DNET Indoritel Makmur InternasionalRp9.90k4.2%
+Rp5.7t		6.2%PE126.1x
TOWR Sarana Menara NusantaraRp422.007.7%
+Rp1.7t		-32.5%PE6.3x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp2.60k0.4%
+Rp985.8b		-19.3%PE14.3x
TBIG Tower Bersama InfrastructureRp1.40k2.2%
+Rp676.5b		-27.1%PE21.9x

Latest News

TOWR
Rp422.00
Sarana Menara Nusantara
7D
7.7%
1Y
-32.5%
TLKM
Rp2,600.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
0.4%
1Y
-19.3%
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.
MORA
Rp5,150.00
Mora Telematika Indonesia
7D
2.5%
1Y
1,114.6%
KBLV
Rp143.00
First Media
7D
-5.9%
1Y
-23.5%
DNET
Rp9,900.00
Indoritel Makmur Internasional
7D
4.2%
1Y
6.2%
GOLD
Rp266.00
Visi Telekomunikasi Infrastruktur
7D
-1.5%
1Y
1.5%
BALI
Rp1,315.00
Bali Towerindo Sentra
7D
7.8%
1Y
-7.4%
TBIG
Rp1,400.00
Tower Bersama Infrastructure
7D
2.2%
1Y
-27.1%
MTEL
Rp440.00
Dayamitra Telekomunikasi
7D
1.9%
1Y
-29.6%
LINK
Rp1,500.00
Link Net
7D
6.4%
1Y
-46.6%