Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJul 20, 2026
DataAggregated Company Financials
Companies15
  • 7D2.6%
  • 3M-2.8%
  • 1Y42.9%
  • YTD-33.2%

The Telecom Services and Carriers industry is up 2.6% in the last week, with Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia up 7.3%. This takes the industry's 12 month performance to a gain of 43%. Looking forward, earnings are forecast to grow by 9.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Jul 2026Rp814.6tRp191.8tRp23.1t20.1x35.3x4.2x
Wed, 17 Jun 2026Rp713.4tRp192.6tRp23.2t21.7x30.7x3.7x
Fri, 15 May 2026Rp722.0tRp191.8tRp24.4t23.7x29.6x3.8x
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
Price to Earnings Ratio

21.6x


Total Market Cap: Rp662.2tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.4x202420252026
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 35.3x which is higher than its 3-year average PE of 22.4x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 9.1% 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 Market3.97%
Telecom2.65%
Telecom Services and Carriers2.60%
Integrated Telecom Services3.33%
Alternative Carriers-0.70%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.5x.
    • Analysts are expecting annual earnings growth of 9.3%, 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 9.3% 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 9.3% 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 IndonesiaRp2.66k7.3%
+Rp17.8t		-4.0%PE15.8x
MORA Mora Telematika IndonesiaRp6.35k0.8%
+Rp2.4t		1,562.3%PE641.7x
TOWR Sarana Menara NusantaraRp410.0010.2%
+Rp2.2t		-28.7%PE6.2x
CENT Centratama Telekomunikasi IndonesiaRp81.009.5%
+Rp218.3b		-18.2%PS1x
KBLV First MediaRp137.0069.1%
+Rp97.6b		149.1%PE94x

Latest News

TOWR
Rp410.00
Sarana Menara Nusantara
7D
10.2%
1Y
-28.7%
Narrative Update • Jul 16

TOWR: Lower P/E Assumptions And Margin Outlook Will Shape Balanced Upside

Analysts have reduced their price target for Sarana Menara Nusantara from IDR 525 to IDR 390. They cited updated assumptions that include a lower discount rate, a slightly adjusted profit margin outlook, and a revised future P/E multiple, along with neutral changes to revenue growth expectations.
KBLV
Rp137.00
First Media
7D
69.1%
1Y
149.1%
DATA
Rp2,090.00
Remala Abadi
7D
-9.5%
1Y
37.0%
MTEL
Rp460.00
Dayamitra Telekomunikasi
7D
-1.7%
1Y
-23.3%
TLKM
Rp2,660.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
7.3%
1Y
-4.0%
Narrative Update • Jul 07

TLKM: Share Buyback Will Support Returns Despite Lower Fair Value Estimate

Analysts have reduced their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR4,500 to IDR4,150, citing revised assumptions for revenue growth, profit margins, and future P/E that are slightly lower than previous estimates. What’s in the News for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced an annual dividend of IDR 223.1659 per share, payable on July 10, 2026, with an ex date of June 18, 2026 and a record date of June 19, 2026.
MORA
Rp6,350.00
Mora Telematika Indonesia
7D
0.8%
1Y
1,562.3%
CENT
Rp81.00
Centratama Telekomunikasi Indonesia
7D
9.5%
1Y
-18.2%
BALI
Rp1,235.00
Bali Towerindo Sentra
7D
-1.6%
1Y
-28.8%
GHON
Rp1,620.00
Gihon Telekomunikasi Indonesia
7D
3.8%
1Y
1.6%
TBIG
Rp1,415.00
Tower Bersama Infrastructure
7D
-0.4%
1Y
-29.1%
KETR
Rp525.00
Ketrosden Triasmitra
7D
4.0%
1Y
159.9%
JAST
Rp84.00
PT. Jasnita Telekomindo
7D
-2.3%
1Y
25.4%
DNET
Rp9,725.00
Indoritel Makmur Internasional
7D
-0.8%
1Y
4.0%
GOLD
Rp262.00
Visi Telekomunikasi Infrastruktur
7D
7.4%
1Y
5.6%