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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies16
  • 7D-4.2%
  • 3M47.6%
  • 1Y65.2%
  • YTD0.3%

The Telecom Services and Carriers industry is up 6.9% in the last week, with Bali Towerindo Sentra up 11%. This means that the industry has gained 85% over the past year. Earnings are forecast to grow by 6.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Jan 2026Rp942.6tRp191.5tRp27.2t22x34.7x4.9x
Sat, 27 Dec 2025Rp890.1tRp191.5tRp27.2t24.2x32.8x4.6x
Mon, 24 Nov 2025Rp773.4tRp191.5tRp27.2t22x28.5x4x
Wed, 22 Oct 2025Rp636.5tRp191.4tRp28.9t21.4x22x3.3x
Fri, 19 Sep 2025Rp614.8tRp191.3tRp28.9t22.7x21.3x3.2x
Sun, 17 Aug 2025Rp621.1tRp190.9tRp28.8t21.1x21.6x3.3x
Tue, 15 Jul 2025Rp552.4tRp192.1tRp27.5t18.2x20.1x2.9x
Thu, 12 Jun 2025Rp622.1tRp193.9tRp28.7t19.1x21.7x3.2x
Sat, 10 May 2025Rp608.0tRp193.4tRp28.6t19.1x21.2x3.1x
Mon, 07 Apr 2025Rp566.2tRp194.3tRp26.9t20.8x21.1x2.9x
Wed, 05 Mar 2025Rp575.7tRp191.4tRp28.4t24.8x20.2x3x
Fri, 31 Jan 2025Rp559.9tRp190.7tRp28.0t26.1x20x2.9x
Sun, 29 Dec 2024Rp564.1tRp190.7tRp28.0t23.7x20.1x3x
Tue, 26 Nov 2024Rp605.0tRp192.6tRp29.1t23.6x20.8x3.1x
Thu, 24 Oct 2024Rp635.6tRp193.2tRp30.4t23.5x20.9x3.3x
Sat, 21 Sep 2024Rp658.0tRp193.1tRp31.4t22.7x21x3.4x
Mon, 19 Aug 2024Rp581.1tRp193.1tRp31.4t17.7x18.5x3x
Wed, 17 Jul 2024Rp595.4tRp192.5tRp32.0t22.1x18.6x3.1x
Fri, 14 Jun 2024Rp562.1tRp192.5tRp33.0t23x17x2.9x
Sun, 12 May 2024Rp571.2tRp192.5tRp33.0t23.2x17.3x3x
Tue, 09 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Thu, 07 Mar 2024Rp661.8tRp191.1tRp32.8t22.9x20.1x3.5x
Sat, 03 Feb 2024Rp683.8tRp191.2tRp33.1t23x20.7x3.6x
Mon, 01 Jan 2024Rp685.6tRp191.2tRp33.1t20.8x20.7x3.6x
Wed, 29 Nov 2023Rp665.6tRp190.9tRp33.2t21.1x20.1x3.5x
Fri, 27 Oct 2023Rp631.1tRp189.7tRp29.8t24.5x21.2x3.3x
Sun, 24 Sep 2023Rp665.3tRp189.7tRp29.8t26.4x22.3x3.5x
Tue, 22 Aug 2023Rp659.4tRp189.8tRp29.9t30.3x22.1x3.5x
Thu, 20 Jul 2023Rp656.9tRp188.7tRp30.7t28.9x21.4x3.5x
Sat, 17 Jun 2023Rp673.8tRp188.7tRp30.7t29.4x22x3.6x
Mon, 15 May 2023Rp669.7tRp188.7tRp31.0t25.1x21.6x3.5x
Wed, 12 Apr 2023Rp703.4tRp187.1tRp29.3t25.5x24x3.8x
Fri, 10 Mar 2023Rp681.1tRp185.5tRp31.6t24.4x21.6x3.7x
Sun, 05 Feb 2023Rp670.0tRp185.2tRp31.4t22.7x21.3x3.6x
Price to Earnings Ratio

21.3x


Total Market Cap: Rp670.0tTotal Earnings: Rp31.4tTotal Revenue: Rp185.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.5x202420252026
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 38.9x which is higher than its 3-year average PE of 21.5x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 5.5x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 4.8% 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-7.92%
Telecom-5.38%
Telecom Services and Carriers-4.20%
Alternative Carriers-3.13%
Integrated Telecom Services-4.38%
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 6.8%, 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 6.8% 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 6.8% 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
JAST PT. Jasnita TelekomindoRp108.006.9%
+Rp7.6b		71.4%PS0.6x

Latest News

DATA
Rp4,210.00
Remala Abadi
7D
-15.3%
1Y
261.4%
TOWR
Rp520.00
Sarana Menara Nusantara
7D
-16.1%
1Y
-22.4%
TBIG
Rp1,840.00
Tower Bersama Infrastructure
7D
-15.2%
1Y
-8.9%
JAST
Rp108.00
PT. Jasnita Telekomindo
7D
6.9%
1Y
71.4%
TLKM
Rp3,450.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-7.8%
1Y
30.7%

TLKM: Infrastructure Spinoff And Streamlining Will Unlock Future Capital Benefits

Analysts have nudged their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia slightly higher to IDR 4,500, citing updated assumptions on growth, margins and future P/E, along with recent Street research highlighting potential capital benefits from the company’s infrastructure spinoff and streamlining plans. Analyst Commentary Recent Street commentary has turned more constructive on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia, with bullish analysts pointing to valuation support and potential capital benefits from the planned infrastructure spinoff and streamlining efforts.
MTEL
Rp550.00
Dayamitra Telekomunikasi
7D
-8.3%
1Y
-19.1%
LINK
Rp2,550.00
Link Net
7D
-26.3%
1Y
2.0%
DNET
Rp8,875.00
Indoritel Makmur Internasional
7D
-2.2%
1Y
-3.0%
MORA
Rp13,150.00
Mora Telematika Indonesia
7D
-3.1%
1Y
3,204.0%