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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies16
  • 7D8.5%
  • 3M58.1%
  • 1Y67.8%
  • YTD67.8%

In the last week, the Telecom Services and Carriers industry is up 5.3%, with Mora Telematika Indonesia up 23%. This means that the industry has gained 63% over the past year. Earnings are forecast to grow by 6.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Tue, 14 Mar 2023Rp687.4tRp185.5tRp31.6t24x21.8x3.7x
Thu, 09 Feb 2023Rp659.6tRp185.2tRp31.4t22x21x3.6x
Sat, 07 Jan 2023Rp660.3tRp185.2tRp31.4t23.3x21x3.6x
Price to Earnings Ratio

21x


Total Market Cap: Rp660.3tTotal Earnings: Rp31.4tTotal Revenue: Rp185.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.1x20242025
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 34.0x which is higher than its 3-year average PE of 21.1x.
  • 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 Market1.02%
Telecom8.29%
Telecom Services and Carriers8.54%
Integrated Telecom Services9.55%
Alternative Carriers3.16%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.0x.
    • Analysts are expecting annual earnings growth of 6.6%, 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 6.6% 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 6.6% 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 IndonesiaRp12.05k23.0%
+Rp53.2t		2,463.8%PE1021.9x
TBIG Tower Bersama InfrastructureRp2.68k16.5%
+Rp8.5t		27.6%PE45.9x
MTEL Dayamitra TelekomunikasiRp700.0012.9%
+Rp6.5t		8.5%PE27x
DNET Indoritel Makmur InternasionalRp9.08k3.1%
+Rp3.9t		0.8%PE110.4x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.48k0.3%
+Rp990.6b		28.4%PE15.8x

Latest News

MTEL
Rp700.00
Dayamitra Telekomunikasi
7D
12.9%
1Y
8.5%
TBIG
Rp2,680.00
Tower Bersama Infrastructure
7D
16.5%
1Y
27.6%
TLKM
Rp3,480.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
0.3%
1Y
28.4%

TLKM: Infrastructure Spinoff Execution Risks Will Likely Limit Future Upside Potential

Analysts have raised their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 2,900 to about IDR 3,107, citing improving long term revenue growth and profit margin assumptions, as well as the potential capital unlock from ongoing infrastructure spinoff and streamlining initiatives. Analyst Commentary Recent rating and target price upgrades highlight growing confidence that the company can monetize its infrastructure assets and sustain mid single digit revenue growth.
KETR
Rp1,070.00
Ketrosden Triasmitra
7D
-4.0%
1Y
508.0%
CENT
Rp153.00
Centratama Telekomunikasi Indonesia
7D
9.3%
1Y
240.0%
LINK
Rp4,070.00
Link Net
7D
5.7%
1Y
239.2%
KBLV
Rp178.00
First Media
7D
-1.7%
1Y
97.8%
DNET
Rp9,075.00
Indoritel Makmur Internasional
7D
3.1%
1Y
0.8%
MORA
Rp12,050.00
Mora Telematika Indonesia
7D
23.0%
1Y
2,463.8%
IBST
Rp5,200.00
Inti Bangun Sejahtera
7D
7.2%
1Y
3.5%