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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedAug 16, 2026
DataAggregated Company Financials
Companies15
  • 7D-1.1%
  • 3M-13.6%
  • 1Y20.6%
  • YTD-38.0%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.1%, driven by a pullback from Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia of 3.3%. Over the past 12 months, the industry was up 21%. Earnings are forecast to grow by 8.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Aug 2026Rp755.7tRp195.3tRp23.7t20.6x31.9x3.9x
Tue, 14 Jul 2026Rp819.8tRp192.6tRp23.4t22.9x35x4.3x
Thu, 11 Jun 2026Rp687.9tRp192.6tRp23.2t18.9x29.6x3.6x
Sat, 09 May 2026Rp740.6tRp192.5tRp28.4t23.4x26.1x3.8x
Mon, 06 Apr 2026Rp669.4tRp191.9tRp28.2t19.3x23.7x3.5x
Wed, 04 Mar 2026Rp744.5tRp191.3tRp27.1t20x27.5x3.9x
Fri, 30 Jan 2026Rp928.6tRp191.5tRp27.2t21.2x34.2x4.9x
Sun, 28 Dec 2025Rp890.1tRp191.5tRp27.2t24.2x32.8x4.6x
Tue, 25 Nov 2025Rp795.6tRp191.5tRp27.2t22.3x29.3x4.2x
Thu, 23 Oct 2025Rp636.1tRp191.4tRp28.9t21.4x22x3.3x
Sat, 20 Sep 2025Rp615.0tRp191.3tRp28.9t22.9x21.3x3.2x
Mon, 18 Aug 2025Rp621.1tRp190.9tRp28.8t21.1x21.6x3.3x
Wed, 16 Jul 2025Rp547.2tRp192.1tRp27.5t18.2x19.9x2.8x
Fri, 13 Jun 2025Rp619.3tRp193.9tRp28.7t19.3x21.6x3.2x
Sun, 11 May 2025Rp612.9tRp193.7tRp28.6t19.1x21.4x3.2x
Tue, 08 Apr 2025Rp566.2tRp194.3tRp26.9t20.8x21.1x2.9x
Thu, 06 Mar 2025Rp584.0tRp191.4tRp28.4t24.7x20.5x3.1x
Sat, 01 Feb 2025Rp557.3tRp190.7tRp28.0t24.1x19.9x2.9x
Mon, 30 Dec 2024Rp564.1tRp190.7tRp28.0t23.7x20.1x3x
Wed, 27 Nov 2024Rp605.1tRp192.6tRp29.1t23.6x20.8x3.1x
Fri, 25 Oct 2024Rp635.5tRp193.2tRp30.4t23.5x20.9x3.3x
Sun, 22 Sep 2024Rp657.0tRp193.1tRp31.4t22.7x20.9x3.4x
Tue, 20 Aug 2024Rp577.1tRp193.1tRp31.4t17.7x18.4x3x
Thu, 18 Jul 2024Rp562.7tRp190.6tRp30.9t18.8x18.2x3x
Sat, 15 Jun 2024Rp556.0tRp192.5tRp33.0t21.3x16.8x2.9x
Mon, 13 May 2024Rp571.2tRp192.5tRp33.0t23.2x17.3x3x
Wed, 10 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Fri, 08 Mar 2024Rp661.7tRp191.1tRp32.8t22.6x20.1x3.5x
Sun, 04 Feb 2024Rp679.5tRp191.2tRp33.1t23x20.6x3.6x
Tue, 02 Jan 2024Rp685.6tRp191.2tRp33.1t20.8x20.7x3.6x
Thu, 30 Nov 2023Rp663.1tRp190.9tRp33.2t21.2x20x3.5x
Sat, 28 Oct 2023Rp614.4tRp189.7tRp29.8t25.5x20.6x3.2x
Mon, 25 Sep 2023Rp665.3tRp189.7tRp29.8t26.4x22.3x3.5x
Wed, 23 Aug 2023Rp660.1tRp189.8tRp29.9t30x22.1x3.5x
Price to Earnings Ratio

22.1x


Total Market Cap: Rp660.1tTotal Earnings: Rp29.9tTotal Revenue: Rp189.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.7x202420252026
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 31.9x which is higher than its 3-year average PE of 22.7x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 7.5% 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 Market0.22%
Telecom0.61%
Telecom Services and Carriers-1.07%
Alternative Carriers1.48%
Integrated Telecom Services-1.66%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.6x.
    • Analysts are expecting annual earnings growth of 8.3%, which is lower than the prior year's growth of 10.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 8.3% over the next 5 years.
  • However this is lower than its past earnings growth rate of 11% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 8.3% 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 InternasionalRp9.88k1.0%
+Rp1.4t		7.0%PE125.8x
LINK Link NetRp1.66k18.2%
+Rp702.3b		-29.0%PS1.6x
CENT Centratama Telekomunikasi IndonesiaRp82.001.2%
+Rp31.2b		-18.0%PS1x
KETR Ketrosden TriasmitraRp570.000.9%
+Rp14.2b		115.9%PE22.2x

Latest News

TOWR
Rp390.00
Sarana Menara Nusantara
7D
-3.5%
1Y
-36.6%
TLKM
Rp2,620.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-3.3%
1Y
-20.8%
Narrative Update • Aug 04

TLKM: Dividend And Share Buyback Will Support Future Upside

Analysts have trimmed their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 3,533 from IDR 3,629, citing slightly softer assumptions for long term revenue growth, profit margins, and future P/E multiples. 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, with an ex dividend date on June 18, 2026, a record date on June 19, 2026, and payment scheduled for July 10, 2026.
KBLV
Rp144.00
First Media
7D
-8.3%
1Y
9.1%
DNET
Rp9,875.00
Indoritel Makmur Internasional
7D
1.0%
1Y
7.0%
BALI
Rp1,205.00
Bali Towerindo Sentra
7D
-0.4%
1Y
-9.7%
TBIG
Rp1,395.00
Tower Bersama Infrastructure
7D
-1.1%
1Y
-26.6%
GHON
Rp1,590.00
Gihon Telekomunikasi Indonesia
7D
-0.9%
1Y
-0.6%
CENT
Rp82.00
Centratama Telekomunikasi Indonesia
7D
1.2%
1Y
-18.0%
KETR
Rp570.00
Ketrosden Triasmitra
7D
0.9%
1Y
115.9%
DATA
Rp1,895.00
Remala Abadi
7D
-3.6%
1Y
0%
MTEL
Rp430.00
Dayamitra Telekomunikasi
7D
-0.5%
1Y
-33.3%
LINK
Rp1,655.00
Link Net
7D
18.2%
1Y
-29.0%