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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedMay 20, 2026
DataAggregated Company Financials
Companies16
  • 7D-4.8%
  • 3M-12.3%
  • 1Y21.5%
  • YTD-25.1%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 6.7%, driven by a pullback from Mora Telematika Indonesia of 22%. This takes the industry's 12 month performance to a gain of 23%. Looking forward, 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
Wed, 20 May 2026Rp704.0tRp191.8tRp24.4t21.1x28.9x3.7x
Fri, 17 Apr 2026Rp718.2tRp192.2tRp28.2t21.8x25.5x3.7x
Sun, 15 Mar 2026Rp651.2tRp191.3tRp27.1t19.4x24x3.4x
Tue, 10 Feb 2026Rp741.3tRp191.5tRp27.2t20.6x27.3x3.9x
Thu, 08 Jan 2026Rp944.2tRp191.5tRp27.2t24.3x34.8x4.9x
Sat, 06 Dec 2025Rp892.8tRp191.5tRp27.2t23x32.9x4.7x
Mon, 03 Nov 2025Rp645.3tRp191.2tRp27.1t21.6x23.8x3.4x
Wed, 01 Oct 2025Rp591.4tRp191.3tRp28.9t22.1x20.5x3.1x
Fri, 29 Aug 2025Rp625.5tRp191.2tRp28.9t23.3x21.7x3.3x
Sun, 27 Jul 2025Rp572.8tRp192.1tRp27.5t20.6x20.8x3x
Tue, 24 Jun 2025Rp588.9tRp193.9tRp28.7t19x20.5x3x
Thu, 22 May 2025Rp626.9tRp193.7tRp28.6t19.1x21.9x3.2x
Sat, 19 Apr 2025Rp586.3tRp194.4tRp26.8t19.5x21.9x3x
Mon, 17 Mar 2025Rp572.0tRp191.6tRp28.5t22.1x20.1x3x
Wed, 12 Feb 2025Rp521.1tRp190.7tRp28.0t21.5x18.6x2.7x
Fri, 10 Jan 2025Rp553.4tRp190.7tRp28.0t23.4x19.8x2.9x
Sun, 08 Dec 2024Rp563.1tRp190.7tRp28.0t23.9x20.1x3x
Tue, 05 Nov 2024Rp613.2tRp192.3tRp29.5t23x20.8x3.2x
Thu, 03 Oct 2024Rp644.1tRp193.1tRp31.4t23.5x20.5x3.3x
Sat, 31 Aug 2024Rp591.7tRp193.1tRp31.4t17.5x18.8x3.1x
Mon, 29 Jul 2024Rp589.5tRp192.5tRp32.1t21.6x18.4x3.1x
Wed, 26 Jun 2024Rp560.6tRp192.5tRp33.0t24.9x17x2.9x
Fri, 24 May 2024Rp557.7tRp192.5tRp33.0t24.6x16.9x2.9x
Sun, 21 Apr 2024Rp575.7tRp192.1tRp33.1t24.6x17.4x3x
Tue, 19 Mar 2024Rp660.3tRp191.3tRp32.8t25.6x20.1x3.5x
Thu, 15 Feb 2024Rp672.1tRp191.1tRp32.8t22.6x20.5x3.5x
Sat, 13 Jan 2024Rp689.1tRp191.2tRp33.1t24.7x20.8x3.6x
Mon, 11 Dec 2023Rp680.0tRp191.1tRp33.0t21x20.6x3.6x
Wed, 08 Nov 2023Rp630.9tRp191.0tRp33.2t22.8x19x3.3x
Fri, 06 Oct 2023Rp651.5tRp189.7tRp29.8t25.8x21.9x3.4x
Sun, 03 Sep 2023Rp657.6tRp189.8tRp29.9t29.2x22x3.5x
Tue, 01 Aug 2023Rp648.0tRp189.3tRp29.8t28.6x21.7x3.4x
Thu, 29 Jun 2023Rp675.4tRp188.7tRp30.7t29.5x22x3.6x
Sat, 27 May 2023Rp683.1tRp188.7tRp30.7t29.5x22.3x3.6x
Price to Earnings Ratio

22.3x


Total Market Cap: Rp683.1tTotal 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 7.4% 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-8.34%
Telecom-5.01%
Telecom Services and Carriers-4.82%
Alternative Carriers0.0031%
Integrated Telecom Services-5.95%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.3x.
    • Analysts are expecting annual earnings growth of 12.4%, 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 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
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.10k4.7%
+Rp13.9t		12.7%PE17.2x
MORA Mora Telematika IndonesiaRp7.13k3.6%
+Rp5.9t		1,612.7%PE356.4x
KETR Ketrosden TriasmitraRp615.002.5%
+Rp42.6b		215.4%PE12.6x

Latest News

DATA
Rp1,770.00
Remala Abadi
7D
-11.9%
1Y
26.4%
KETR
Rp615.00
Ketrosden Triasmitra
7D
2.5%
1Y
215.4%
TLKM
Rp3,100.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
4.7%
1Y
12.7%
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
Rp7,125.00
Mora Telematika Indonesia
7D
3.6%
1Y
1,612.7%
GOLD
Rp266.00
Visi Telekomunikasi Infrastruktur
7D
-5.0%
1Y
5.6%
MTEL
Rp505.00
Dayamitra Telekomunikasi
7D
-1.0%
1Y
-23.5%
TBIG
Rp1,320.00
Tower Bersama Infrastructure
7D
-10.5%
1Y
-35.0%
TOWR
Rp410.00
Sarana Menara Nusantara
7D
-12.8%
1Y
-33.3%
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
Rp1,230.00
Bali Towerindo Sentra
7D
-2.8%
1Y
0.8%
LINK
Rp1,100.00
Link Net
7D
-31.3%
1Y
-31.3%
CENT
Rp81.00
Centratama Telekomunikasi Indonesia
7D
-16.5%
1Y
-25.7%