Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies16
  • 7D3.6%
  • 3M-6.5%
  • 1Y23.4%
  • YTD-22.4%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.0%, driven by a pullback from Sarana Menara Nusantara of 9.3%. Meanwhile, Mora Telematika Indonesia actually outperformed within the industry, gaining 13% in the last week. In the past year, the industry has gained 21%. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 May 2026Rp729.0tRp191.8tRp24.3t19.6x30x3.8x
Fri, 24 Apr 2026Rp697.2tRp192.4tRp28.3t24.1x24.6x3.6x
Sun, 22 Mar 2026Rp671.2tRp191.7tRp27.4t20.1x24.5x3.5x
Tue, 17 Feb 2026Rp778.9tRp191.5tRp27.2t21.2x28.7x4.1x
Thu, 15 Jan 2026Rp987.0tRp191.5tRp27.2t23.5x36.4x5.2x
Sat, 13 Dec 2025Rp911.1tRp191.5tRp27.2t24.3x33.6x4.8x
Mon, 10 Nov 2025Rp687.0tRp191.2tRp26.9t21.1x25.5x3.6x
Wed, 08 Oct 2025Rp590.4tRp191.3tRp28.9t22.1x20.5x3.1x
Fri, 05 Sep 2025Rp610.3tRp191.1tRp28.8t22.5x21.2x3.2x
Sun, 03 Aug 2025Rp590.2tRp190.8tRp28.4t21.5x20.8x3.1x
Tue, 01 Jul 2025Rp603.6tRp193.9tRp28.7t18.1x21x3.1x
Thu, 29 May 2025Rp631.3tRp193.7tRp28.6t19.7x22x3.3x
Sat, 26 Apr 2025Rp600.0tRp194.2tRp27.9t19.2x21.5x3.1x
Mon, 24 Mar 2025Rp555.3tRp191.6tRp28.5t21.3x19.5x2.9x
Wed, 19 Feb 2025Rp573.1tRp189.6tRp27.3t24.7x21x3x
Fri, 17 Jan 2025Rp549.4tRp190.7tRp28.0t23.8x19.6x2.9x
Sun, 15 Dec 2024Rp568.0tRp190.7tRp28.0t21.6x20.3x3x
Tue, 12 Nov 2024Rp597.7tRp192.7tRp29.5t22.3x20.3x3.1x
Thu, 10 Oct 2024Rp636.5tRp193.2tRp30.4t23.3x21x3.3x
Sat, 07 Sep 2024Rp643.3tRp193.1tRp31.4t18.2x20.5x3.3x
Mon, 05 Aug 2024Rp572.4tRp193.1tRp31.5t18.7x18.2x3x
Wed, 03 Jul 2024Rp575.4tRp192.5tRp33.0t24.9x17.4x3x
Fri, 31 May 2024Rp545.2tRp192.5tRp33.0t24.6x16.5x2.8x
Sun, 28 Apr 2024Rp566.7tRp192.1tRp33.1t24.4x17.1x2.9x
Tue, 26 Mar 2024Rp641.8tRp191.0tRp32.8t25.5x19.6x3.4x
Thu, 22 Feb 2024Rp693.7tRp191.1tRp32.8t23.8x21.1x3.6x
Sat, 20 Jan 2024Rp673.9tRp191.2tRp33.1t24.2x20.4x3.5x
Mon, 18 Dec 2023Rp689.9tRp191.1tRp33.0t20.8x20.9x3.6x
Wed, 15 Nov 2023Rp631.5tRp190.9tRp33.2t22x19x3.3x
Fri, 13 Oct 2023Rp657.3tRp189.7tRp29.8t26.6x22.1x3.5x
Sun, 10 Sep 2023Rp656.2tRp189.8tRp29.9t29.5x22x3.5x
Tue, 08 Aug 2023Rp643.7tRp189.8tRp29.9t28.9x21.5x3.4x
Thu, 06 Jul 2023Rp672.8tRp188.7tRp30.7t29.2x21.9x3.6x
Sat, 03 Jun 2023Rp675.9tRp188.7tRp30.7t29.4x22x3.6x
Price to Earnings Ratio

22x


Total Market Cap: Rp675.9tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.9x202420252026
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 29.1x which is higher than its 3-year average PE of 21.9x.
  • 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 7.4% 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-4.64%
Telecom0.42%
Telecom Services and Carriers3.57%
Alternative Carriers4.24%
Integrated Telecom Services3.40%
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 10.6%, 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 11% 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 11% 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 IndonesiaRp6.70k12.6%
+Rp17.7t		1,465.4%PE335.2x
DNET Indoritel Makmur InternasionalRp9.90k4.5%
+Rp6.0t		-0.5%PE109.3x
TBIG Tower Bersama InfrastructureRp1.47k12.2%
+Rp3.6t		-33.2%PE23.7x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.09k0.3%
+Rp990.5b		9.2%PE17.2x
BALI Bali Towerindo SentraRp1.24k1.6%
+Rp78.7b		2.1%PE26.2x

Latest News

TLKM
Rp3,090.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
0.3%
1Y
9.2%
Narrative Update • May 25

TLKM: Share Buyback And Governance Delays Will Shape Fairly Valued Outlook

Analysts now see fair value for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia at about IDR 3,023.79 per share, down from roughly IDR 3,169.91, reflecting updated assumptions for slower revenue growth, slightly higher profit margins, and a modestly lower future P/E multiple. What's in the News Announced a share repurchase program to buy back up to 10% of issued share capital, with funding of IDR 1,000,000 million sourced from existing cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026 (Key Developments).
GHON
Rp1,805.00
Gihon Telekomunikasi Indonesia
7D
2.0%
1Y
3.4%
KETR
Rp570.00
Ketrosden Triasmitra
7D
-2.6%
1Y
185.0%
TOWR
Rp390.00
Sarana Menara Nusantara
7D
-9.3%
1Y
-32.8%
LINK
Rp1,200.00
Link Net
7D
-2.0%
1Y
-16.7%
KBLV
Rp89.00
First Media
7D
-7.3%
1Y
41.3%
DATA
Rp1,630.00
Remala Abadi
7D
-11.4%
1Y
14.8%
DNET
Rp9,900.00
Indoritel Makmur Internasional
7D
4.5%
1Y
-0.5%
MORA
Rp6,700.00
Mora Telematika Indonesia
7D
12.6%
1Y
1,465.4%
GOLD
Rp268.00
Visi Telekomunikasi Infrastruktur
7D
-2.2%
1Y
3.9%
MTEL
Rp500.00
Dayamitra Telekomunikasi
7D
-1.0%
1Y
-23.1%
TBIG
Rp1,470.00
Tower Bersama Infrastructure
7D
12.2%
1Y
-33.2%
BALI
Rp1,235.00
Bali Towerindo Sentra
7D
1.6%
1Y
2.1%
CENT
Rp82.00
Centratama Telekomunikasi Indonesia
7D
-6.8%
1Y
-16.3%