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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedDec 10, 2025
DataAggregated Company Financials
Companies16
  • 7D13.8%
  • 3M53.2%
  • 1Y61.6%
  • YTD63.7%

Over the last 7 days, the Telecom Services and Carriers industry has risen 13%, driven by gains from Mora Telematika Indonesia of 60%. This takes the industry's 12 month performance to a gain of 60%. Looking forward, earnings are forecast to grow by 6.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Dec 2025Rp926.9tRp191.5tRp27.2t24.3x34.1x4.8x
Fri, 07 Nov 2025Rp682.5tRp191.2tRp26.9t21.3x25.4x3.6x
Sun, 05 Oct 2025Rp592.4tRp191.3tRp28.9t22.5x20.5x3.1x
Tue, 02 Sep 2025Rp610.2tRp191.2tRp28.9t22.1x21.1x3.2x
Thu, 31 Jul 2025Rp582.1tRp192.1tRp27.6t20.4x21.1x3x
Sat, 28 Jun 2025Rp603.6tRp193.9tRp28.7t17.8x21x3.1x
Mon, 26 May 2025Rp618.0tRp193.7tRp28.6t18.8x21.6x3.2x
Wed, 23 Apr 2025Rp588.7tRp194.2tRp27.9t18.9x21.1x3x
Fri, 21 Mar 2025Rp567.4tRp191.6tRp28.5t22.1x19.9x3x
Sun, 16 Feb 2025Rp544.7tRp189.6tRp27.3t23.3x19.9x2.9x
Tue, 14 Jan 2025Rp556.4tRp190.7tRp28.0t23.4x19.9x2.9x
Thu, 12 Dec 2024Rp576.2tRp190.7tRp28.0t24.2x20.6x3x
Sat, 09 Nov 2024Rp608.1tRp192.7tRp29.5t22.7x20.6x3.2x
Mon, 07 Oct 2024Rp626.4tRp193.2tRp30.4t24.1x20.6x3.2x
Wed, 04 Sep 2024Rp609.4tRp193.1tRp31.4t18.9x19.4x3.2x
Fri, 02 Aug 2024Rp576.6tRp193.2tRp31.4t21.8x18.3x3x
Sun, 30 Jun 2024Rp584.9tRp192.5tRp33.0t24.7x17.7x3x
Tue, 28 May 2024Rp557.7tRp192.5tRp33.0t24.2x16.9x2.9x
Thu, 25 Apr 2024Rp572.2tRp192.1tRp33.1t24.1x17.3x3x
Sat, 23 Mar 2024Rp658.7tRp191.0tRp32.8t25.8x20.1x3.4x
Mon, 19 Feb 2024Rp689.1tRp191.1tRp32.8t22.4x21x3.6x
Wed, 17 Jan 2024Rp685.8tRp191.2tRp33.1t25.3x20.7x3.6x
Fri, 15 Dec 2023Rp685.5tRp191.1tRp33.0t21.1x20.8x3.6x
Sun, 12 Nov 2023Rp636.9tRp190.9tRp33.2t21.1x19.2x3.3x
Tue, 10 Oct 2023Rp650.1tRp189.7tRp29.8t26x21.8x3.4x
Thu, 07 Sep 2023Rp666.5tRp189.8tRp29.9t29.7x22.3x3.5x
Sat, 05 Aug 2023Rp644.0tRp189.8tRp29.9t29.2x21.6x3.4x
Mon, 03 Jul 2023Rp675.4tRp188.7tRp30.7t29.5x22x3.6x
Wed, 31 May 2023Rp684.4tRp188.7tRp30.7t29.4x22.3x3.6x
Fri, 28 Apr 2023Rp710.6tRp187.2tRp30.7t25.3x23.1x3.8x
Sun, 26 Mar 2023Rp682.5tRp185.5tRp31.4t25.3x21.8x3.7x
Tue, 21 Feb 2023Rp666.3tRp185.2tRp31.4t22.3x21.2x3.6x
Thu, 19 Jan 2023Rp677.6tRp185.2tRp31.4t21.8x21.6x3.7x
Sat, 17 Dec 2022Rp665.2tRp185.2tRp31.4t23.3x21.2x3.6x
Price to Earnings Ratio

21.2x


Total Market Cap: Rp665.2tTotal Earnings: Rp31.4tTotal Revenue: Rp185.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 20.8x202320242025
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 33.5x which is higher than its 3-year average PE of 20.8x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.8x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 4.8% 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 Market0.35%
Telecom11.59%
Telecom Services and Carriers13.82%
Integrated Telecom Services15.83%
Alternative Carriers3.91%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 17.8x.
    • Analysts are expecting annual earnings growth of 6.5%, which is higher than its past year's earnings growth of 1.7% 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.
  • This is better than its past earnings growth rate of 1.7% 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
MORA Mora Telematika IndonesiaRp11.73k60.1%
+Rp104.0t		2,985.5%PE994.4x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.64k1.7%
+Rp5.9t		27.3%PE16.6x
KETR Ketrosden TriasmitraRp1.48k150.8%
+Rp2.5t		691.4%PE30.9x
DNET Indoritel Makmur InternasionalRp9.08k1.7%
+Rp2.1t		-0.3%PE110.4x
MTEL Dayamitra TelekomunikasiRp625.002.5%
+Rp1.2t		-7.4%PE24.1x

Latest News

GOLD
Rp390.00
Visi Telekomunikasi Infrastruktur
7D
24.2%
1Y
36.4%
TLKM
Rp3,640.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
1.7%
1Y
27.3%

TLKM: Infrastructure Spinoff And EGM Decisions Will Shape 2025 Margin Outlook

Analysts have raised their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 3,656.96 to IDR 3,801.82, citing increasing confidence that the market is underestimating potential capital unlocked from ongoing infrastructure spinoff and streamlining initiatives. Analyst Commentary Bullish analysts highlight that the recent upgrade reflects growing conviction that the market is underestimating the value that could be realized from Telekom Indonesia's infrastructure spinoff and operational streamlining.
TOWR
Rp545.00
Sarana Menara Nusantara
7D
-1.8%
1Y
-23.8%

TOWR: Share Buyback Will Drive Continued Upside Amid Stable Margins

Analysts have modestly increased their price target for Sarana Menara Nusantara to Rp846.92 from Rp845.38. This reflects slightly higher long term valuation multiples, despite marginally softer expectations for revenue growth and profit margins, as well as a reduced implied fair value uplift when adjusted for a higher discount rate.
KETR
Rp1,480.00
Ketrosden Triasmitra
7D
150.8%
1Y
691.4%
DATA
Rp4,380.00
Remala Abadi
7D
3.1%
1Y
472.5%
BALI
Rp1,395.00
Bali Towerindo Sentra
7D
-3.8%
1Y
-8.2%
CENT
Rp158.00
Centratama Telekomunikasi Indonesia
7D
-1.3%
1Y
229.2%
LINK
Rp4,260.00
Link Net
7D
-0.2%
1Y
221.5%
MTEL
Rp625.00
Dayamitra Telekomunikasi
7D
2.5%
1Y
-7.4%
KBLV
Rp199.00
First Media
7D
-10.4%
1Y
109.5%
DNET
Rp9,075.00
Indoritel Makmur Internasional
7D
1.7%
1Y
-0.3%
TBIG
Rp1,935.00
Tower Bersama Infrastructure
7D
-2.0%
1Y
-1.0%
MORA
Rp11,725.00
Mora Telematika Indonesia
7D
60.1%
1Y
2,985.5%
IBST
Rp4,810.00
Inti Bangun Sejahtera
7D
0.6%
1Y
-5.2%