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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJul 14, 2026
DataAggregated Company Financials
Companies16
  • 7D0.1%
  • 3M-4.2%
  • 1Y44.7%
  • YTD-33.2%

Last week, the Telecom Services and Carriers industry hasn't moved much but Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia is up 3.2% in that time. As for the the longer term, the industry is up 45% over the past 12 months. As for the next few years, earnings are expected to grow by 9.6% 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, 15 Jul 2026Rp819.8tRp192.6tRp23.4t22.9x35x4.3x
Fri, 12 Jun 2026Rp700.9tRp192.6tRp23.2t18.9x30.2x3.6x
Sun, 10 May 2026Rp740.6tRp192.5tRp28.4t23.4x26.1x3.8x
Tue, 07 Apr 2026Rp665.2tRp191.9tRp28.2t19.3x23.6x3.5x
Thu, 05 Mar 2026Rp706.1tRp191.3tRp27.1t19.6x26x3.7x
Sat, 31 Jan 2026Rp908.8tRp191.5tRp27.2t21.4x33.5x4.7x
Mon, 29 Dec 2025Rp890.1tRp191.5tRp27.2t24.2x32.8x4.6x
Wed, 26 Nov 2025Rp789.0tRp191.5tRp27.2t22.3x29.1x4.1x
Fri, 24 Oct 2025Rp626.4tRp191.4tRp28.9t21.7x21.7x3.3x
Sun, 21 Sep 2025Rp613.1tRp191.3tRp28.9t22.9x21.2x3.2x
Tue, 19 Aug 2025Rp621.1tRp190.9tRp28.8t21.1x21.6x3.3x
Thu, 17 Jul 2025Rp548.2tRp192.1tRp27.5t18.2x19.9x2.9x
Sat, 14 Jun 2025Rp619.3tRp193.9tRp28.7t19.3x21.6x3.2x
Mon, 12 May 2025Rp612.9tRp193.7tRp28.6t19.1x21.4x3.2x
Wed, 09 Apr 2025Rp545.8tRp194.3tRp26.9t18.7x20.3x2.8x
Fri, 07 Mar 2025Rp577.9tRp191.6tRp28.5t24x20.3x3x
Sun, 02 Feb 2025Rp557.0tRp190.7tRp28.0t24.1x19.9x2.9x
Tue, 31 Dec 2024Rp560.0tRp190.7tRp28.0t23.5x20x2.9x
Thu, 28 Nov 2024Rp605.1tRp192.6tRp29.1t23.6x20.8x3.1x
Sat, 26 Oct 2024Rp631.0tRp193.2tRp30.4t23x20.8x3.3x
Mon, 23 Sep 2024Rp657.0tRp193.1tRp31.4t22.7x20.9x3.4x
Wed, 21 Aug 2024Rp583.4tRp193.1tRp31.4t17.6x18.6x3x
Fri, 19 Jul 2024Rp562.7tRp190.6tRp30.9t18.8x18.2x3x
Sun, 16 Jun 2024Rp538.8tRp192.5tRp33.0t21.3x16.3x2.8x
Tue, 14 May 2024Rp571.2tRp192.5tRp33.0t23.2x17.3x3x
Thu, 11 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Sat, 09 Mar 2024Rp657.9tRp191.3tRp32.9t24.1x20x3.4x
Mon, 05 Feb 2024Rp679.5tRp191.2tRp33.1t23x20.6x3.6x
Wed, 03 Jan 2024Rp689.8tRp191.2tRp33.1t21.1x20.9x3.6x
Fri, 01 Dec 2023Rp668.8tRp191.0tRp33.2t21x20.1x3.5x
Sun, 29 Oct 2023Rp618.2tRp189.7tRp29.8t25.5x20.8x3.3x
Tue, 26 Sep 2023Rp665.3tRp189.7tRp29.8t26.3x22.3x3.5x
Thu, 24 Aug 2023Rp657.4tRp189.8tRp29.9t29.8x22x3.5x
Sat, 22 Jul 2023Rp656.9tRp188.7tRp30.7t29.5x21.4x3.5x
Price to Earnings Ratio

21.4x


Total Market Cap: Rp656.9tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.3x202420252026
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 35.0x which is higher than its 3-year average PE of 22.3x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 8.6% 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 Market1.42%
Telecom-0.21%
Telecom Services and Carriers0.15%
Alternative Carriers5.10%
Integrated Telecom Services-0.86%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.4x.
    • Analysts are expecting annual earnings growth of 9.6%, 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 9.6% 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 9.6% 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 IndonesiaRp2.56k3.2%
+Rp7.9t		-3.0%PE15.2x
DNET Indoritel Makmur InternasionalRp9.75k1.6%
+Rp2.1t		4.3%PE107.7x
TBIG Tower Bersama InfrastructureRp1.44k2.5%
+Rp790.7b		-27.8%PE23.2x
DATA Remala AbadiRp2.39k18.3%
+Rp508.8b		71.3%PE28.7x
TOWR Sarana Menara NusantaraRp378.001.1%
+Rp232.4b		-35.4%PE5.8x

Latest News

DATA
Rp2,390.00
Remala Abadi
7D
18.3%
1Y
71.3%
MTEL
Rp466.00
Dayamitra Telekomunikasi
7D
-6.0%
1Y
-18.2%
TLKM
Rp2,560.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
3.2%
1Y
-3.0%
Narrative Update • Jul 07

TLKM: Share Buyback Will Support Returns Despite Lower Fair Value Estimate

Analysts have reduced their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR4,500 to IDR4,150, citing revised assumptions for revenue growth, profit margins, and future P/E that are slightly lower than previous estimates. 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, payable on July 10, 2026, with an ex date of June 18, 2026 and a record date of June 19, 2026.
MORA
Rp6,525.00
Mora Telematika Indonesia
7D
-1.9%
1Y
1,515.1%
TOWR
Rp378.00
Sarana Menara Nusantara
7D
1.1%
1Y
-35.4%
Narrative Update • Jul 02

TOWR: Extraordinary Meeting And Stronger Margins Will Support Future Upside

The latest analyst narrative on Sarana Menara Nusantara reflects a lower indicative fair value, shifting from around IDR 785.5 to about IDR 684.62. Analysts are factoring in a higher discount rate, more moderate revenue growth expectations, slightly stronger profit margins, and a lower assumed future P/E multiple.
LINK
Rp1,430.00
Link Net
7D
-0.3%
1Y
-8.0%
BALI
Rp1,240.00
Bali Towerindo Sentra
7D
-2.4%
1Y
-12.4%
GHON
Rp1,610.00
Gihon Telekomunikasi Indonesia
7D
0.6%
1Y
2.2%
TBIG
Rp1,440.00
Tower Bersama Infrastructure
7D
2.5%
1Y
-27.8%
KETR
Rp535.00
Ketrosden Triasmitra
7D
3.9%
1Y
162.3%
JAST
Rp85.00
PT. Jasnita Telekomindo
7D
6.3%
1Y
44.1%
DNET
Rp9,750.00
Indoritel Makmur Internasional
7D
1.6%
1Y
4.3%