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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.0%
  • 3M-28.8%
  • 1Y28.7%
  • YTD-28.8%

The Telecom Services and Carriers industry has been flat over the last week, but Mora Telematika Indonesia has lost 11%. As for the the longer term, the industry is up 29% over the past 12 months. As for the next few years, earnings are expected to grow by 6.5% 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, 05 Apr 2026Rp668.9tRp191.9tRp28.2t19.3x23.7x3.5x
Tue, 03 Mar 2026Rp765.2tRp191.3tRp27.1t20.2x28.2x4x
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
Price to Earnings Ratio

24x


Total Market Cap: Rp703.4tTotal Earnings: Rp29.3tTotal Revenue: Rp187.1tTotal 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 relatively neutral on the Indonesian Telecom industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 21.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Telecom industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

Which industries have driven the changes within the Indonesian Telecom industry?

ID Market-1.79%
Telecom0.65%
Telecom Services and Carriers-0.97%
Alternative Carriers0.76%
Integrated Telecom Services-1.40%
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 6.5%, which is lower than the prior year's growth of 10.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 6.5% over the next 5 years.
  • However this is lower than its past earnings growth rate of 10% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 6.5% 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 IndonesiaRp3.13k2.6%
+Rp7.9t		29.9%PE14.3x
DNET Indoritel Makmur InternasionalRp9.13k0.6%
+Rp709.2b		-0.8%PE111x
LINK Link NetRp1.98k6.8%
+Rp344.0b		10.6%PS1.8x
TOWR Sarana Menara NusantaraRp494.000.8%
+Rp232.8b		-2.2%PE7.8x
GOLD Visi Telekomunikasi InfrastrukturRp276.003.0%
+Rp10.2b		6.2%PE18.5x

Latest News

JAST
Rp99.00
PT. Jasnita Telekomindo
7D
3.1%
1Y
70.7%
TBIG
Rp1,625.00
Tower Bersama Infrastructure
7D
-0.9%
1Y
-18.3%
MORA
Rp4,090.00
Mora Telematika Indonesia
7D
-11.1%
1Y
887.9%
GHON
Rp1,760.00
Gihon Telekomunikasi Indonesia
7D
-2.5%
1Y
22.2%
TOWR
Rp494.00
Sarana Menara Nusantara
7D
0.8%
1Y
-2.2%

TOWR: Share Buyback And Revised Assumptions Will Shape Future Return Profile

Analysts have reduced their fair value estimate for Sarana Menara Nusantara from IDR600 to IDR525, citing updated assumptions that include a lower discount rate, a revised revenue growth outlook, a higher profit margin, and a lower future P/E multiple. What's in the News The Board of Directors of PT Sarana Menara Nusantara Tbk.
CENT
Rp98.00
Centratama Telekomunikasi Indonesia
7D
-1.0%
1Y
122.7%
GOLD
Rp276.00
Visi Telekomunikasi Infrastruktur
7D
3.0%
1Y
6.2%
DATA
Rp2,180.00
Remala Abadi
7D
-39.9%
1Y
107.6%
TLKM
Rp3,130.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
2.6%
1Y
29.9%

TLKM: NeutraDC Stake Review And Governance Moves Will Shape Fairly Valued Outlook

Analysts have made a small upward adjustment to their IDR price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR3,169.91 from IDR3,167.87, reflecting updated assumptions around revenue growth, profit margin, discount rate, and future P/E levels. What's in the News M&A discussions are underway as Telkom Indonesia considers selling a stake in its data center unit, NeutraDC.
KETR
Rp396.00
Ketrosden Triasmitra
7D
-2.0%
1Y
131.6%
BALI
Rp1,275.00
Bali Towerindo Sentra
7D
-1.9%
1Y
5.4%
LINK
Rp1,975.00
Link Net
7D
6.8%
1Y
10.6%
MTEL
Rp520.00
Dayamitra Telekomunikasi
7D
-2.8%
1Y
-8.0%
DNET
Rp9,125.00
Indoritel Makmur Internasional
7D
0.6%
1Y
-0.8%