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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedMay 14, 2026
DataAggregated Company Financials
Companies16
  • 7D6.0%
  • 3M-8.9%
  • 1Y26.1%
  • YTD-23.2%

Over the last 7 days, the Telecom Services and Carriers industry has risen 6.0%, driven by gains from Mora Telematika Indonesia of 32%. In the same time, Tower Bersama Infrastructure was down 10%. In the last 12 months, the industry was up 26%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 15 May 2026Rp722.0tRp191.9tRp24.4t23.7x29.6x3.8x
Sun, 12 Apr 2026Rp697.1tRp192.0tRp28.2t19.8x24.7x3.6x
Tue, 10 Mar 2026Rp706.1tRp191.3tRp27.1t19.6x26x3.7x
Thu, 05 Feb 2026Rp772.5tRp191.5tRp27.2t21x28.5x4x
Sat, 03 Jan 2026Rp939.5tRp191.5tRp27.2t24.7x34.6x4.9x
Mon, 01 Dec 2025Rp784.0tRp191.5tRp27.2t21.3x28.9x4.1x
Wed, 29 Oct 2025Rp648.7tRp191.4tRp28.9t22.1x22.5x3.4x
Fri, 26 Sep 2025Rp603.1tRp191.3tRp28.9t21.7x20.9x3.2x
Sun, 24 Aug 2025Rp619.2tRp190.9tRp28.8t21.1x21.5x3.2x
Tue, 22 Jul 2025Rp573.4tRp192.1tRp27.5t19.1x20.9x3x
Thu, 19 Jun 2025Rp606.3tRp193.9tRp28.7t18.7x21.1x3.1x
Sat, 17 May 2025Rp620.6tRp193.7tRp28.6t18.8x21.7x3.2x
Mon, 14 Apr 2025Rp554.9tRp194.3tRp26.8t19.5x20.7x2.9x
Wed, 12 Mar 2025Rp571.9tRp191.6tRp28.5t22.7x20.1x3x
Fri, 07 Feb 2025Rp543.6tRp190.7tRp28.0t24.2x19.4x2.9x
Sun, 05 Jan 2025Rp565.3tRp190.7tRp28.0t23.4x20.2x3x
Tue, 03 Dec 2024Rp551.8tRp190.7tRp28.0t23x19.7x2.9x
Thu, 31 Oct 2024Rp629.8tRp193.2tRp30.3t22.4x20.8x3.3x
Sat, 28 Sep 2024Rp661.0tRp193.1tRp31.4t22.4x21.1x3.4x
Mon, 26 Aug 2024Rp581.8tRp193.1tRp31.4t17.6x18.5x3x
Wed, 24 Jul 2024Rp597.3tRp192.5tRp32.0t21.7x18.6x3.1x
Fri, 21 Jun 2024Rp549.8tRp192.5tRp33.0t25.4x16.7x2.9x
Sun, 19 May 2024Rp562.9tRp192.5tRp33.0t24.8x17.1x2.9x
Tue, 16 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Thu, 14 Mar 2024Rp660.0tRp191.3tRp32.8t25.3x20.1x3.5x
Sat, 10 Feb 2024Rp672.8tRp191.2tRp33.1t22.1x20.4x3.5x
Mon, 08 Jan 2024Rp679.7tRp191.2tRp33.1t22.4x20.6x3.6x
Wed, 06 Dec 2023Rp676.2tRp191.2tRp33.0t21x20.5x3.5x
Fri, 03 Nov 2023Rp631.2tRp190.8tRp33.1t21.6x19.1x3.3x
Sun, 01 Oct 2023Rp654.3tRp189.7tRp29.8t27.6x22x3.4x
Tue, 29 Aug 2023Rp655.5tRp189.8tRp29.9t30.1x21.9x3.5x
Thu, 27 Jul 2023Rp662.2tRp188.7tRp30.7t29.1x21.6x3.5x
Sat, 24 Jun 2023Rp666.5tRp188.7tRp30.7t29.4x21.7x3.5x
Mon, 22 May 2023Rp673.3tRp188.7tRp30.7t28.7x21.9x3.6x
Price to Earnings Ratio

21.9x


Total Market Cap: Rp673.3tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.9x202420252026
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 29.6x which is higher than its 3-year average PE of 21.9x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 7.3% 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-7.32%
Telecom2.37%
Telecom Services and Carriers5.99%
Integrated Telecom Services7.42%
Alternative Carriers0.42%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Integrated Telecom Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 18.3x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 12% 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 12% 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 IndonesiaRp6.88k10.0%
+Rp14.8t		1,552.6%PE343.9x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp2.96k1.0%
+Rp3.0t		11.3%PE16.5x
KETR Ketrosden TriasmitraRp600.008.1%
+Rp127.9b		197.0%PE12.3x

Latest News

DATA
Rp2,010.00
Remala Abadi
7D
-1.5%
1Y
46.7%
KETR
Rp600.00
Ketrosden Triasmitra
7D
8.1%
1Y
197.0%
TLKM
Rp2,960.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
1.0%
1Y
11.3%
Narrative Update • May 08

TLKM: Share Buyback And Data Center Stake Sale Will Unlock Value

Analysts keep the fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia steady at IDR 4,500, with modest tweaks to revenue growth, profit margin, and future P/E assumptions shaping the updated price target narrative. What's in the News The company announced a share repurchase program to buy back up to 10% of its issued share capital, with a total allocation of IDR 1,000,000 million funded from existing cash, subject to shareholder approval at a General Meeting scheduled for June 8, 2026 (company announcement).
MORA
Rp6,875.00
Mora Telematika Indonesia
7D
10.0%
1Y
1,552.6%
MTEL
Rp510.00
Dayamitra Telekomunikasi
7D
-1.0%
1Y
-23.3%
KBLV
Rp106.00
First Media
7D
-9.4%
1Y
43.2%
TBIG
Rp1,475.00
Tower Bersama Infrastructure
7D
-10.3%
1Y
-27.0%
TOWR
Rp470.00
Sarana Menara Nusantara
7D
-2.1%
1Y
-23.6%
Narrative Update • May 01

TOWR: Share Buyback Authorization Will Support Future Upside Potential

Analysts have kept the IDR fair value for Sarana Menara Nusantara steady at IDR 1,025, while refining assumptions around the discount rate, revenue growth, profit margins and future P/E to reflect updated views on the company’s risk profile and earnings outlook. What's in the News The Board of Directors authorized a share buyback plan on February 2, 2026, signaling an intent to repurchase shares within a defined program period (Key Developments).
BALI
Rp1,265.00
Bali Towerindo Sentra
7D
-1.2%
1Y
3.3%
LINK
Rp1,600.00
Link Net
7D
-9.6%
1Y
0.6%
CENT
Rp97.00
Centratama Telekomunikasi Indonesia
7D
-6.7%
1Y
-1.0%