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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJul 08, 2026
DataAggregated Company Financials
Companies16
  • 7D-0.5%
  • 3M4.6%
  • 1Y47.1%
  • YTD-33.1%

The Telecom Services and Carriers industry has been flat over the last week, but Mora Telematika Indonesia has lost 6.5%. The past year has been better, since the industry has gained 47% in that time. Looking forward, earnings are forecast to grow by 9.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Jul 2026Rp821.1tRp192.6tRp23.4t22.6x35x4.3x
Sat, 06 Jun 2026Rp669.3tRp192.6tRp23.2t18.9x28.8x3.5x
Mon, 04 May 2026Rp663.5tRp192.4tRp28.3t22.3x23.5x3.4x
Wed, 01 Apr 2026Rp672.0tRp191.7tRp27.4t19.5x24.6x3.5x
Fri, 27 Feb 2026Rp777.5tRp191.3tRp27.1t20.6x28.7x4.1x
Sun, 25 Jan 2026Rp1014.8tRp191.5tRp27.2t22.5x37.4x5.3x
Tue, 23 Dec 2025Rp876.3tRp191.5tRp27.2t23.1x32.3x4.6x
Thu, 20 Nov 2025Rp789.4tRp191.5tRp27.2t22x29.1x4.1x
Sat, 18 Oct 2025Rp601.4tRp191.3tRp28.9t22.8x20.8x3.1x
Mon, 15 Sep 2025Rp600.5tRp191.1tRp28.8t22.1x20.9x3.1x
Wed, 13 Aug 2025Rp612.3tRp190.9tRp28.8t21.5x21.3x3.2x
Fri, 11 Jul 2025Rp596.9tRp193.9tRp28.6t18.7x20.9x3.1x
Sun, 08 Jun 2025Rp629.4tRp193.9tRp28.7t18.7x21.9x3.2x
Tue, 06 May 2025Rp621.7tRp193.3tRp28.8t19.1x21.6x3.2x
Thu, 03 Apr 2025Rp566.2tRp194.4tRp26.8t21.9x21.1x2.9x
Sat, 01 Mar 2025Rp567.3tRp191.4tRp28.4t23.7x19.9x3x
Mon, 27 Jan 2025Rp564.3tRp190.7tRp28.0t26.2x20.2x3x
Wed, 25 Dec 2024Rp558.5tRp190.7tRp28.0t23.8x19.9x2.9x
Fri, 22 Nov 2024Rp609.8tRp192.6tRp29.1t23x21x3.2x
Sun, 20 Oct 2024Rp649.0tRp193.2tRp30.4t23.3x21.4x3.4x
Tue, 17 Sep 2024Rp662.1tRp193.1tRp31.4t22.2x21.1x3.4x
Thu, 15 Aug 2024Rp572.4tRp193.1tRp31.4t17.8x18.2x3x
Sat, 13 Jul 2024Rp596.0tRp192.5tRp32.0t22x18.6x3.1x
Mon, 10 Jun 2024Rp576.8tRp192.5tRp33.0t25.2x17.5x3x
Wed, 08 May 2024Rp567.6tRp192.5tRp33.0t23.4x17.2x2.9x
Fri, 05 Apr 2024Rp569.5tRp188.8tRp32.3t24x17.6x3x
Sun, 03 Mar 2024Rp666.4tRp191.1tRp32.8t24.5x20.3x3.5x
Tue, 30 Jan 2024Rp681.0tRp191.2tRp33.1t22.6x20.6x3.6x
Thu, 28 Dec 2023Rp686.4tRp191.1tRp33.0t21.5x20.8x3.6x
Sat, 25 Nov 2023Rp647.6tRp190.9tRp33.2t21.5x19.5x3.4x
Mon, 23 Oct 2023Rp636.2tRp189.7tRp29.8t24.1x21.4x3.4x
Wed, 20 Sep 2023Rp652.6tRp189.8tRp29.9t28.5x21.8x3.4x
Fri, 18 Aug 2023Rp666.2tRp189.8tRp29.9t30.2x22.3x3.5x
Sun, 16 Jul 2023Rp667.1tRp188.7tRp30.7t29.1x21.8x3.5x
Price to Earnings Ratio

21.8x


Total Market Cap: Rp667.1tTotal 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 22.2x.
  • 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 Market5.76%
Telecom1.45%
Telecom Services and Carriers-0.53%
Integrated Telecom Services-0.26%
Alternative Carriers-1.79%
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 9.9%, 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 9.9% 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 9.9% 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 IndonesiaRp2.51k2.9%
+Rp6.9t		-6.0%PE14.9x
TOWR Sarana Menara NusantaraRp370.003.9%
+Rp813.5b		-29.5%PE5.6x
DATA Remala AbadiRp2.08k5.6%
+Rp151.3b		49.6%PE25x
CENT Centratama Telekomunikasi IndonesiaRp75.004.2%
+Rp93.6b		-31.2%PS0.9x
GHON Gihon Telekomunikasi IndonesiaRp1.58k3.9%
+Rp33.0b		1.3%PE11.8x

Latest News

TLKM
Rp2,510.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
2.9%
1Y
-6.0%
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
Rp6,500.00
Mora Telematika Indonesia
7D
-6.5%
1Y
1,485.4%
MTEL
Rp490.00
Dayamitra Telekomunikasi
7D
-3.0%
1Y
-8.4%
TOWR
Rp370.00
Sarana Menara Nusantara
7D
3.9%
1Y
-29.5%
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.
KBLV
Rp82.00
First Media
7D
5.1%
1Y
46.4%
CENT
Rp75.00
Centratama Telekomunikasi Indonesia
7D
4.2%
1Y
-31.2%
LINK
Rp1,435.00
Link Net
7D
-1.0%
1Y
-7.4%
BALI
Rp1,230.00
Bali Towerindo Sentra
7D
0.4%
1Y
-16.9%
DATA
Rp2,080.00
Remala Abadi
7D
5.6%
1Y
49.6%
GHON
Rp1,580.00
Gihon Telekomunikasi Indonesia
7D
3.9%
1Y
1.3%
TBIG
Rp1,390.00
Tower Bersama Infrastructure
7D
-2.5%
1Y
-30.8%
KETR
Rp505.00
Ketrosden Triasmitra
7D
1.4%
1Y
156.3%
DNET
Rp9,800.00
Indoritel Makmur Internasional
7D
-3.4%
1Y
6.2%