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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedApr 24, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.0%
  • 3M-31.3%
  • 1Y25.7%
  • YTD-25.8%

The Telecom Services and Carriers is pretty flat in the last 7 days, but Inti Bangun Sejahtera has stood out, gaining 32%. The past year has been better, since the industry has gained 27% in that time. Earnings are forecast to grow by 6.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Apr 2026Rp697.2tRp192.4tRp28.3t24.1x24.6x3.6x
Sun, 22 Mar 2026Rp671.2tRp191.7tRp27.4t20.1x24.5x3.5x
Tue, 17 Feb 2026Rp778.9tRp191.5tRp27.2t21.2x28.7x4.1x
Thu, 15 Jan 2026Rp987.0tRp191.5tRp27.2t23.5x36.4x5.2x
Sat, 13 Dec 2025Rp911.1tRp191.5tRp27.2t24.3x33.6x4.8x
Mon, 10 Nov 2025Rp687.0tRp191.2tRp26.9t21.1x25.5x3.6x
Wed, 08 Oct 2025Rp590.4tRp191.3tRp28.9t22.1x20.5x3.1x
Fri, 05 Sep 2025Rp610.3tRp191.1tRp28.8t22.5x21.2x3.2x
Sun, 03 Aug 2025Rp590.2tRp190.8tRp28.4t21.5x20.8x3.1x
Tue, 01 Jul 2025Rp603.6tRp193.9tRp28.7t18.1x21x3.1x
Thu, 29 May 2025Rp631.3tRp193.7tRp28.6t19.7x22x3.3x
Sat, 26 Apr 2025Rp600.0tRp194.2tRp27.9t19.2x21.5x3.1x
Mon, 24 Mar 2025Rp555.3tRp191.6tRp28.5t21.3x19.5x2.9x
Wed, 19 Feb 2025Rp573.1tRp189.6tRp27.3t24.7x21x3x
Fri, 17 Jan 2025Rp549.4tRp190.7tRp28.0t23.8x19.6x2.9x
Sun, 15 Dec 2024Rp568.0tRp190.7tRp28.0t21.6x20.3x3x
Tue, 12 Nov 2024Rp597.7tRp192.7tRp29.5t22.3x20.3x3.1x
Thu, 10 Oct 2024Rp636.5tRp193.2tRp30.4t23.3x21x3.3x
Sat, 07 Sep 2024Rp643.3tRp193.1tRp31.4t18.2x20.5x3.3x
Mon, 05 Aug 2024Rp572.4tRp193.1tRp31.5t18.7x18.2x3x
Wed, 03 Jul 2024Rp575.4tRp192.5tRp33.0t24.9x17.4x3x
Fri, 31 May 2024Rp545.2tRp192.5tRp33.0t24.6x16.5x2.8x
Sun, 28 Apr 2024Rp566.7tRp192.1tRp33.1t24.4x17.1x2.9x
Tue, 26 Mar 2024Rp641.8tRp191.0tRp32.8t25.5x19.6x3.4x
Thu, 22 Feb 2024Rp693.7tRp191.1tRp32.8t23.8x21.1x3.6x
Sat, 20 Jan 2024Rp673.9tRp191.2tRp33.1t24.2x20.4x3.5x
Mon, 18 Dec 2023Rp689.9tRp191.1tRp33.0t20.8x20.9x3.6x
Wed, 15 Nov 2023Rp631.5tRp190.9tRp33.2t22x19x3.3x
Fri, 13 Oct 2023Rp657.3tRp189.7tRp29.8t26.6x22.1x3.5x
Sun, 10 Sep 2023Rp656.2tRp189.8tRp29.9t29.5x22x3.5x
Tue, 08 Aug 2023Rp643.7tRp189.8tRp29.9t28.9x21.5x3.4x
Thu, 06 Jul 2023Rp672.8tRp188.7tRp30.7t29.2x21.9x3.6x
Sat, 03 Jun 2023Rp675.9tRp188.7tRp30.7t29.4x22x3.6x
Mon, 01 May 2023Rp702.5tRp188.0tRp31.1t25.4x22.6x3.7x
Price to Earnings Ratio

22.6x


Total Market Cap: Rp702.5tTotal Earnings: Rp31.1tTotal Revenue: Rp188.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.8x202420252026
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 25.0x which is higher than its 3-year average PE of 21.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 3.1% 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-3.79%
Telecom-3.88%
Telecom Services and Carriers-3.03%
Alternative Carriers0.65%
Integrated Telecom Services-3.92%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 18.3x.
    • Analysts are expecting annual earnings growth of 6.7%, which is higher than its past year's earnings growth of 4.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 6.7% over the next 5 years.
  • This is better than its past earnings growth rate of 4.8% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 6.7% 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
TBIG Tower Bersama InfrastructureRp1.85k3.9%
+Rp1.6t		-6.3%PE29.2x
IBST Inti Bangun SejahteraRp8.48k9.7%
+Rp1.0t		43.6%PE27.8x
DNET Indoritel Makmur InternasionalRp9.43k0.5%
+Rp709.2b		-1.0%PE106.5x
KETR Ketrosden TriasmitraRp565.0026.7%
+Rp338.1b		250.9%PE11.8x
BALI Bali Towerindo SentraRp1.31k0.4%
+Rp19.7b		-1.1%PE28.2x

Latest News

KBLV
Rp128.00
First Media
7D
-2.3%
1Y
18.5%
TLKM
Rp2,880.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-7.7%
1Y
9.5%

TLKM: Data Center Stake Sale Will Unlock Future Capital Benefits

Analysts have maintained their IDR4,500 price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia, citing updated assumptions that reflect a modestly higher revenue growth outlook, slightly stronger profit margins, a lower discount rate, and a somewhat reduced future P/E multiple. What's in the News Telkom Indonesia is exploring a potential sale of a majority stake in its data center unit, NeutraDC, with a targeted valuation in the US$1b to US$1.5b range.
MTEL
Rp530.00
Dayamitra Telekomunikasi
7D
-0.9%
1Y
-7.8%
CENT
Rp108.00
Centratama Telekomunikasi Indonesia
7D
-2.7%
1Y
-18.8%
KETR
Rp565.00
Ketrosden Triasmitra
7D
26.7%
1Y
250.9%
DATA
Rp2,180.00
Remala Abadi
7D
-5.2%
1Y
114.8%
TOWR
Rp505.00
Sarana Menara Nusantara
7D
-1.0%
1Y
-7.3%

TOWR: Share Buyback And Stronger Margins Will Support Future Upside

Analysts have adjusted their price target on Sarana Menara Nusantara to IDR1,025 from IDR1,108. This revision reflects updated assumptions that include a slightly higher discount rate, more moderate revenue growth, stronger profit margins and a lower future P/E multiple.
MORA
Rp5,600.00
Mora Telematika Indonesia
7D
-0.4%
1Y
1,178.5%
IBST
Rp8,475.00
Inti Bangun Sejahtera
7D
9.7%
1Y
43.6%
TBIG
Rp1,845.00
Tower Bersama Infrastructure
7D
3.9%
1Y
-6.3%
GOLD
Rp290.00
Visi Telekomunikasi Infrastruktur
7D
1.4%
1Y
14.2%
BALI
Rp1,305.00
Bali Towerindo Sentra
7D
0.4%
1Y
-1.1%
LINK
Rp1,945.00
Link Net
7D
-2.5%
1Y
4.0%
DNET
Rp9,425.00
Indoritel Makmur Internasional
7D
0.5%
1Y
-1.0%