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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies16
  • 7D-2.9%
  • 3M-26.5%
  • 1Y28.4%
  • YTD-28.6%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 8.4%, driven by Mora Telematika Indonesia declining 25%. Over the past 12 months, the industry was up 24%. Looking forward, 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, 18 Mar 2026Rp671.2tRp191.3tRp27.1t20.1x24.8x3.5x
Fri, 13 Feb 2026Rp791.7tRp191.5tRp27.2t21x29.2x4.1x
Sun, 11 Jan 2026Rp952.2tRp191.5tRp27.2t24x35.1x5x
Tue, 09 Dec 2025Rp909.6tRp191.5tRp27.2t23.4x33.5x4.8x
Thu, 06 Nov 2025Rp683.9tRp191.2tRp26.9t21.1x25.4x3.6x
Sat, 04 Oct 2025Rp601.3tRp191.3tRp28.9t22.5x20.8x3.1x
Mon, 01 Sep 2025Rp620.9tRp191.2tRp28.9t22.3x21.5x3.2x
Wed, 30 Jul 2025Rp581.5tRp192.1tRp27.5t20.4x21.2x3x
Fri, 27 Jun 2025Rp588.7tRp193.9tRp28.7t17.8x20.5x3x
Sun, 25 May 2025Rp618.0tRp193.7tRp28.6t18.8x21.6x3.2x
Tue, 22 Apr 2025Rp588.7tRp194.2tRp27.9t19.2x21.1x3x
Thu, 20 Mar 2025Rp569.4tRp191.6tRp28.5t21.7x20x3x
Sat, 15 Feb 2025Rp544.7tRp190.7tRp28.0t23.3x19.5x2.9x
Mon, 13 Jan 2025Rp558.9tRp190.7tRp28.0t23.7x20x2.9x
Wed, 11 Dec 2024Rp566.8tRp190.7tRp28.0t24x20.2x3x
Fri, 08 Nov 2024Rp608.1tRp192.7tRp29.5t22.6x20.6x3.2x
Sun, 06 Oct 2024Rp626.4tRp193.2tRp30.4t24.1x20.6x3.2x
Tue, 03 Sep 2024Rp602.7tRp193.1tRp31.4t18.7x19.2x3.1x
Thu, 01 Aug 2024Rp576.6tRp193.1tRp31.5t22.1x18.3x3x
Sat, 29 Jun 2024Rp570.4tRp192.5tRp33.0t24.7x17.3x3x
Mon, 27 May 2024Rp557.7tRp192.5tRp33.0t24.6x16.9x2.9x
Wed, 24 Apr 2024Rp575.5tRp192.1tRp33.1t24.5x17.4x3x
Fri, 22 Mar 2024Rp656.9tRp191.0tRp32.8t25.1x20x3.4x
Sun, 18 Feb 2024Rp689.1tRp191.1tRp32.8t22.4x21x3.6x
Tue, 16 Jan 2024Rp687.5tRp191.2tRp33.1t24.1x20.8x3.6x
Thu, 14 Dec 2023Rp682.7tRp191.1tRp33.0t20.8x20.7x3.6x
Sat, 11 Nov 2023Rp637.0tRp190.9tRp33.2t21.1x19.2x3.3x
Mon, 09 Oct 2023Rp651.8tRp189.7tRp29.8t26x21.9x3.4x
Wed, 06 Sep 2023Rp659.3tRp189.8tRp29.9t29.1x22.1x3.5x
Fri, 04 Aug 2023Rp644.0tRp189.8tRp29.7t28.9x21.7x3.4x
Sun, 02 Jul 2023Rp675.4tRp188.7tRp30.7t29.5x22x3.6x
Tue, 30 May 2023Rp684.9tRp188.7tRp30.7t29.9x22.3x3.6x
Thu, 27 Apr 2023Rp716.8tRp187.2tRp30.7t25.5x23.3x3.8x
Sat, 25 Mar 2023Rp682.5tRp185.5tRp31.4t25.3x21.8x3.7x
Price to Earnings Ratio

21.8x


Total Market Cap: Rp682.5tTotal Earnings: Rp31.4tTotal Revenue: Rp185.5tTotal 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 24.0x 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 4.7% 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-5.70%
Telecom-1.34%
Telecom Services and Carriers-2.91%
Alternative Carriers0.89%
Integrated Telecom Services-3.81%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 18.4x.
    • 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
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.05k3.0%
+Rp8.9t		26.0%PE13.9x
TBIG Tower Bersama InfrastructureRp1.62k9.5%
+Rp3.1t		-20.2%PE27.7x
MTEL Dayamitra TelekomunikasiRp535.004.9%
+Rp2.0t		-6.1%PE20.6x
DNET Indoritel Makmur InternasionalRp8.98k1.4%
+Rp1.8t		-2.2%PE109.2x
TOWR Sarana Menara NusantaraRp478.002.6%
+Rp698.5b		-7.2%PE8.1x

Latest News

KETR
Rp404.00
Ketrosden Triasmitra
7D
-4.3%
1Y
139.1%
KBLV
Rp106.00
First Media
7D
6.0%
1Y
2.9%
TLKM
Rp3,050.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
3.0%
1Y
26.0%

TLKM: Data Center Stake Sale And Spin Off Will Unlock Equity Value

Analysts have maintained their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia at IDR 3,887.27 per share. They have made minor adjustments to assumptions around the discount rate, revenue growth, profit margin, and future P/E to reflect updated modelling inputs.
IBST
Rp4,490.00
Inti Bangun Sejahtera
7D
-0.7%
1Y
-9.1%
TOWR
Rp478.00
Sarana Menara Nusantara
7D
2.6%
1Y
-7.2%

TOWR: Share Buyback Plan Will Support Future Upside Despite Lower Multiple

Analysts have trimmed their price target for Sarana Menara Nusantara to IDR785.91 from IDR813.33, reflecting updated assumptions around revenue growth, profit margins, and a slightly lower future P/E multiple. What's in the News The Board of Directors of PT Sarana Menara Nusantara Tbk.
BALI
Rp1,225.00
Bali Towerindo Sentra
7D
-6.5%
1Y
-9.9%
LINK
Rp1,830.00
Link Net
7D
-9.9%
1Y
1.7%
JAST
Rp95.00
PT. Jasnita Telekomindo
7D
-5.0%
1Y
75.9%
TBIG
Rp1,620.00
Tower Bersama Infrastructure
7D
9.5%
1Y
-20.2%
DATA
Rp3,710.00
Remala Abadi
7D
5.1%
1Y
267.3%
CENT
Rp98.00
Centratama Telekomunikasi Indonesia
7D
-7.5%
1Y
71.9%
MTEL
Rp535.00
Dayamitra Telekomunikasi
7D
4.9%
1Y
-6.1%
GOLD
Rp278.00
Visi Telekomunikasi Infrastruktur
7D
-1.4%
1Y
12.1%
DNET
Rp8,975.00
Indoritel Makmur Internasional
7D
1.4%
1Y
-2.2%
MORA
Rp4,540.00
Mora Telematika Indonesia
7D
-25.0%
1Y
1,052.3%