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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies16
  • 7D1.3%
  • 3M-8.4%
  • 1Y18.8%
  • YTD-27.6%

Over the last 7 days, the Telecom Services and Carriers industry has risen 1.3%, driven by gains from Mora Telematika Indonesia of 33%. Meanwhile, Tower Bersama Infrastructure actually underperformed within the industry, shrinking 5.7% in the last week. This means that the industry has gained 19% over the past year. Looking forward, 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
Sat, 09 May 2026Rp681.2tRp192.5tRp28.3t24.5x24x3.5x
Mon, 06 Apr 2026Rp669.4tRp191.9tRp28.2t19.3x23.7x3.5x
Wed, 04 Mar 2026Rp744.5tRp191.3tRp27.1t20x27.5x3.9x
Fri, 30 Jan 2026Rp928.6tRp191.5tRp27.2t21.2x34.2x4.9x
Sun, 28 Dec 2025Rp890.1tRp191.5tRp27.2t24.2x32.8x4.6x
Tue, 25 Nov 2025Rp795.6tRp191.5tRp27.2t22.3x29.3x4.2x
Thu, 23 Oct 2025Rp636.1tRp191.4tRp28.9t21.4x22x3.3x
Sat, 20 Sep 2025Rp615.0tRp191.3tRp28.9t22.9x21.3x3.2x
Mon, 18 Aug 2025Rp621.1tRp190.9tRp28.8t21.1x21.6x3.3x
Wed, 16 Jul 2025Rp547.2tRp192.1tRp27.5t18.2x19.9x2.8x
Fri, 13 Jun 2025Rp619.3tRp193.9tRp28.7t19.3x21.6x3.2x
Sun, 11 May 2025Rp612.9tRp193.7tRp28.6t19.1x21.4x3.2x
Tue, 08 Apr 2025Rp566.2tRp194.3tRp26.9t20.8x21.1x2.9x
Thu, 06 Mar 2025Rp584.0tRp191.4tRp28.4t24.7x20.5x3.1x
Sat, 01 Feb 2025Rp557.3tRp190.7tRp28.0t24.1x19.9x2.9x
Mon, 30 Dec 2024Rp564.1tRp190.7tRp28.0t23.7x20.1x3x
Wed, 27 Nov 2024Rp605.1tRp192.6tRp29.1t23.6x20.8x3.1x
Fri, 25 Oct 2024Rp635.5tRp193.2tRp30.4t23.5x20.9x3.3x
Sun, 22 Sep 2024Rp657.0tRp193.1tRp31.4t22.7x20.9x3.4x
Tue, 20 Aug 2024Rp577.1tRp193.1tRp31.4t17.7x18.4x3x
Thu, 18 Jul 2024Rp562.7tRp190.6tRp30.9t18.8x18.2x3x
Sat, 15 Jun 2024Rp556.0tRp192.5tRp33.0t21.3x16.8x2.9x
Mon, 13 May 2024Rp571.2tRp192.5tRp33.0t23.2x17.3x3x
Wed, 10 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Fri, 08 Mar 2024Rp661.7tRp191.1tRp32.8t22.6x20.1x3.5x
Sun, 04 Feb 2024Rp679.5tRp191.2tRp33.1t23x20.6x3.6x
Tue, 02 Jan 2024Rp685.6tRp191.2tRp33.1t20.8x20.7x3.6x
Thu, 30 Nov 2023Rp663.1tRp190.9tRp33.2t21.2x20x3.5x
Sat, 28 Oct 2023Rp614.4tRp189.7tRp29.8t25.5x20.6x3.2x
Mon, 25 Sep 2023Rp665.3tRp189.7tRp29.8t26.4x22.3x3.5x
Wed, 23 Aug 2023Rp660.1tRp189.8tRp29.9t30x22.1x3.5x
Fri, 21 Jul 2023Rp656.9tRp188.7tRp30.7t28.7x21.4x3.5x
Sun, 18 Jun 2023Rp673.8tRp188.7tRp30.7t29.4x22x3.6x
Tue, 16 May 2023Rp669.7tRp188.7tRp31.0t25.3x21.6x3.5x
Price to Earnings Ratio

21.6x


Total Market Cap: Rp669.7tTotal Earnings: Rp31.0tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.8x202420252026
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 24.0x which is higher than its 3-year average PE of 21.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 3.0% 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 Market0.28%
Telecom1.97%
Telecom Services and Carriers1.33%
Integrated Telecom Services1.72%
Alternative Carriers-0.13%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to 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 3.8% 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 3.8% 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
MORA Mora Telematika IndonesiaRp7.50k59.2%
+Rp66.0t		1,685.7%PE375.2x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp2.96k5.3%
+Rp14.9t		13.8%PE13.5x
KETR Ketrosden TriasmitraRp575.0015.0%
+Rp213.1b		187.5%PE9.8x
CENT Centratama Telekomunikasi IndonesiaRp101.002.0%
+Rp62.4b		-8.2%PS1.2x
GHON Gihon Telekomunikasi IndonesiaRp1.82k1.7%
+Rp16.5b		17.8%PE13.6x

Latest News

JAST
Rp98.00
PT. Jasnita Telekomindo
7D
-1.0%
1Y
69.0%
KETR
Rp575.00
Ketrosden Triasmitra
7D
15.0%
1Y
187.5%
MORA
Rp7,500.00
Mora Telematika Indonesia
7D
59.2%
1Y
1,685.7%
GOLD
Rp286.00
Visi Telekomunikasi Infrastruktur
7D
2.1%
1Y
13.5%
KBLV
Rp111.00
First Media
7D
-7.5%
1Y
8.8%
DNET
Rp9,450.00
Indoritel Makmur Internasional
7D
-0.3%
1Y
-8.3%
TLKM
Rp2,960.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
5.3%
1Y
13.8%
TBIG
Rp1,600.00
Tower Bersama Infrastructure
7D
-8.3%
1Y
-22.3%
DATA
Rp1,950.00
Remala Abadi
7D
-5.3%
1Y
44.4%
GHON
Rp1,820.00
Gihon Telekomunikasi Indonesia
7D
1.7%
1Y
17.8%
TOWR
Rp474.00
Sarana Menara Nusantara
7D
-0.4%
1Y
-21.0%
Narrative Update • May 01

TOWR: Share Buyback Authorization Will Support Future Upside Potential

Analysts have kept the IDR fair value for Sarana Menara Nusantara steady at IDR 1,025, while refining assumptions around the discount rate, revenue growth, profit margins and future P/E to reflect updated views on the company’s risk profile and earnings outlook. What's in the News The Board of Directors authorized a share buyback plan on February 2, 2026, signaling an intent to repurchase shares within a defined program period (Key Developments).
BALI
Rp1,250.00
Bali Towerindo Sentra
7D
-1.6%
1Y
5.5%
CENT
Rp101.00
Centratama Telekomunikasi Indonesia
7D
2.0%
1Y
-8.2%