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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies16
  • 7D-0.7%
  • 3M-30.8%
  • 1Y35.0%
  • YTD-27.5%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat, although notably Inti Bangun Sejahtera gained 18%. The past year has been better, since the industry has gained 35% in that time. As for the next few years, earnings are expected to grow by 6.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Apr 2026Rp681.3tRp191.9tRp28.2t19.8x24.2x3.5x
Sat, 07 Mar 2026Rp710.7tRp191.3tRp27.1t19.8x26.2x3.7x
Mon, 02 Feb 2026Rp908.8tRp191.5tRp27.2t21.4x33.5x4.7x
Wed, 31 Dec 2025Rp949.9tRp191.5tRp27.2t23.9x35x5x
Fri, 28 Nov 2025Rp786.1tRp191.5tRp27.2t22.6x29x4.1x
Sun, 26 Oct 2025Rp640.6tRp191.4tRp28.9t22.8x22.2x3.3x
Tue, 23 Sep 2025Rp611.1tRp191.3tRp28.9t22.5x21.2x3.2x
Thu, 21 Aug 2025Rp616.6tRp190.9tRp28.8t21.1x21.4x3.2x
Sat, 19 Jul 2025Rp565.3tRp192.1tRp27.5t19x20.6x2.9x
Mon, 16 Jun 2025Rp612.6tRp193.9tRp28.7t19.3x21.3x3.2x
Wed, 14 May 2025Rp612.9tRp193.7tRp28.6t19.1x21.4x3.2x
Fri, 11 Apr 2025Rp559.0tRp194.3tRp26.8t19.2x20.8x2.9x
Sun, 09 Mar 2025Rp580.4tRp191.6tRp28.5t24.2x20.4x3x
Tue, 04 Feb 2025Rp554.8tRp190.7tRp28.0t24.6x19.8x2.9x
Thu, 02 Jan 2025Rp560.0tRp190.7tRp28.0t23.5x20x2.9x
Sat, 30 Nov 2024Rp604.8tRp192.6tRp29.1t24x20.8x3.1x
Mon, 28 Oct 2024Rp629.6tRp193.2tRp30.3t23x20.8x3.3x
Wed, 25 Sep 2024Rp659.4tRp193.1tRp31.4t21.7x21x3.4x
Fri, 23 Aug 2024Rp577.8tRp193.1tRp31.4t17.5x18.4x3x
Sun, 21 Jul 2024Rp549.9tRp190.6tRp30.9t18.8x17.8x2.9x
Tue, 18 Jun 2024Rp538.8tRp192.5tRp33.0t21.3x16.3x2.8x
Thu, 16 May 2024Rp575.6tRp192.5tRp33.0t23.6x17.4x3x
Sat, 13 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Mon, 11 Mar 2024Rp657.9tRp191.3tRp32.8t26x20x3.4x
Wed, 07 Feb 2024Rp675.2tRp191.2tRp33.1t23x20.4x3.5x
Fri, 05 Jan 2024Rp686.7tRp191.2tRp33.1t21.7x20.8x3.6x
Sun, 03 Dec 2023Rp671.0tRp190.9tRp33.0t20.8x20.3x3.5x
Tue, 31 Oct 2023Rp618.2tRp189.7tRp29.8t25.5x20.8x3.3x
Thu, 28 Sep 2023Rp650.3tRp189.7tRp29.8t26.9x21.8x3.4x
Sat, 26 Aug 2023Rp653.4tRp189.8tRp29.9t29.9x21.9x3.4x
Mon, 24 Jul 2023Rp660.4tRp188.7tRp30.7t29.5x21.5x3.5x
Wed, 21 Jun 2023Rp671.3tRp188.7tRp30.7t27.7x21.9x3.6x
Fri, 19 May 2023Rp672.5tRp188.7tRp30.7t29.7x21.9x3.6x
Sun, 16 Apr 2023Rp711.6tRp187.1tRp30.9t25.9x23x3.8x
Price to Earnings Ratio

23x


Total Market Cap: Rp711.6tTotal Earnings: Rp30.9tTotal 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 optimistic on the Indonesian Telecom industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.2x 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 3.1% 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 Market0.83%
Telecom1.69%
Telecom Services and Carriers-0.72%
Alternative Carriers-0.68%
Integrated Telecom Services-0.72%
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 6.6%, 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 6.6% 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 6.6% 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
MORA Mora Telematika IndonesiaRp4.43k8.3%
+Rp8.0t		1,013.1%PE233.6x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.19k1.9%
+Rp5.9t		35.7%PE14.5x
IBST Inti Bangun SejahteraRp5.58k23.9%
+Rp1.5t		n/aPE18.3x
TBIG Tower Bersama InfrastructureRp1.68k3.4%
+Rp1.2t		-13.2%PE26.6x
BALI Bali Towerindo SentraRp1.29k1.2%
+Rp59.0b		-1.9%PE27.8x

Latest News

IBST
Rp5,575.00
Inti Bangun Sejahtera
7D
23.9%
1Y
n/a
TLKM
Rp3,190.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
1.9%
1Y
35.7%

TLKM: NeutraDC Stake Talks And Governance Events Will Shape Fairly Valued Outlook

Analysts now see Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia's fair value holding at IDR 3,169.91, with the modest shifts in discount rate, revenue growth and profit margin assumptions resulting in only a slight tweak in the implied future P/E outlook. What's in the News M&A discussions are ongoing around a potential sale of a majority stake in Telkom Indonesia's data center unit, NeutraDC.
GHON
Rp1,795.00
Gihon Telekomunikasi Indonesia
7D
2.0%
1Y
21.3%
DATA
Rp1,865.00
Remala Abadi
7D
-14.4%
1Y
77.6%
TOWR
Rp486.00
Sarana Menara Nusantara
7D
-1.6%
1Y
-5.6%
JAST
Rp98.00
PT. Jasnita Telekomindo
7D
-1.0%
1Y
78.2%
TBIG
Rp1,680.00
Tower Bersama Infrastructure
7D
3.4%
1Y
-13.2%
MORA
Rp4,430.00
Mora Telematika Indonesia
7D
8.3%
1Y
1,013.1%
CENT
Rp95.00
Centratama Telekomunikasi Indonesia
7D
-3.1%
1Y
26.7%
GOLD
Rp292.00
Visi Telekomunikasi Infrastruktur
7D
5.8%
1Y
15.0%
KETR
Rp402.00
Ketrosden Triasmitra
7D
1.5%
1Y
145.1%
BALI
Rp1,290.00
Bali Towerindo Sentra
7D
1.2%
1Y
-1.9%
LINK
Rp1,930.00
Link Net
7D
-2.3%
1Y
-1.0%
DNET
Rp9,075.00
Indoritel Makmur Internasional
7D
-0.5%
1Y
-2.2%