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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJul 29, 2026
DataAggregated Company Financials
Companies15
  • 7D-2.6%
  • 3M4.0%
  • 1Y36.9%
  • YTD-34.0%

The Telecom Services and Carriers is pretty flat in the last 7 days, but Indoritel Makmur Internasional has stood out, gaining 3.2%. The past year has been better, since the industry has gained 40% in that time. Earnings are forecast to grow by 9.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Jul 2026Rp805.7tRp191.8tRp23.1t20.5x34.9x4.2x
Fri, 26 Jun 2026Rp701.5tRp192.6tRp23.2t22.5x30.2x3.6x
Sun, 24 May 2026Rp704.1tRp191.7tRp24.3t20.3x29x3.7x
Tue, 21 Apr 2026Rp714.5tRp192.3tRp28.3t24.1x25.3x3.7x
Thu, 19 Mar 2026Rp671.2tRp191.3tRp27.1t20.1x24.8x3.5x
Sat, 14 Feb 2026Rp778.9tRp191.5tRp27.2t21.2x28.7x4.1x
Mon, 12 Jan 2026Rp952.2tRp191.5tRp27.2t24x35.1x5x
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
Price to Earnings Ratio

21.6x


Total Market Cap: Rp644.0tTotal Earnings: Rp29.9tTotal Revenue: Rp189.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.5x202420252026
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 35.6x which is higher than its 3-year average PE of 22.5x.
  • 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 8.3% 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-2.72%
Telecom-2.89%
Telecom Services and Carriers-2.56%
Alternative Carriers2.98%
Integrated Telecom Services-3.67%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.5x.
    • Analysts are expecting annual earnings growth of 9.3%, 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 9.3% 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 9.3% 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
DNET Indoritel Makmur InternasionalRp9.70k0.3%
+Rp354.6b		-1.0%PE107.1x
GHON Gihon Telekomunikasi IndonesiaRp1.65k0.3%
+Rp2.8b		1.2%PE12.3x
GOLD Visi Telekomunikasi InfrastrukturRp264.000.8%
+Rp2.6b		4.8%PE17.6x

Latest News

DATA
Rp1,950.00
Remala Abadi
7D
-4.9%
1Y
1.0%
TLKM
Rp2,560.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-5.2%
1Y
-11.1%
Narrative Update • Jul 21

TLKM: Buybacks And Governance Shifts Will Shape A Cautiously Balanced Outlook

Analysts have trimmed their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 2,902.82 from IDR 3,023.79, citing updated expectations for revenue growth, profit margins, and a higher future P/E assumption. What’s in the News for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Announced an annual dividend of IDR 223.1659 per share, with an ex date set for June 18, 2026, a record date of June 19, 2026, and payment scheduled for July 10, 2026.
TOWR
Rp404.00
Sarana Menara Nusantara
7D
-1.9%
1Y
-38.8%
Narrative Update • Jul 16

TOWR: Lower P/E Assumptions And Margin Outlook Will Shape Balanced Upside

Analysts have reduced their price target for Sarana Menara Nusantara from IDR 525 to IDR 390. They cited updated assumptions that include a lower discount rate, a slightly adjusted profit margin outlook, and a revised future P/E multiple, along with neutral changes to revenue growth expectations.
MORA
Rp6,175.00
Mora Telematika Indonesia
7D
-3.5%
1Y
1,533.6%
CENT
Rp78.00
Centratama Telekomunikasi Indonesia
7D
-6.0%
1Y
-22.0%
LINK
Rp1,390.00
Link Net
7D
-1.8%
1Y
-22.6%
BALI
Rp1,210.00
Bali Towerindo Sentra
7D
-1.2%
1Y
-13.3%
GHON
Rp1,645.00
Gihon Telekomunikasi Indonesia
7D
0.3%
1Y
1.2%
TBIG
Rp1,380.00
Tower Bersama Infrastructure
7D
-2.1%
1Y
-29.8%
DNET
Rp9,700.00
Indoritel Makmur Internasional
7D
0.3%
1Y
-1.0%
GOLD
Rp264.00
Visi Telekomunikasi Infrastruktur
7D
0.8%
1Y
4.8%