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

Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJul 11, 2026
DataAggregated Company Financials
Companies16
  • 7D-2.7%
  • 3M-0.6%
  • 1Y41.2%
  • YTD-34.4%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat, although notably Remala Abadi gained 16%. As for the the longer term, the industry is up 45% over the past 12 months. Earnings are forecast to grow by 10.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Jul 2026Rp805.4tRp192.6tRp23.4t22.9x34.3x4.2x
Mon, 08 Jun 2026Rp669.3tRp192.6tRp23.2t18.9x28.8x3.5x
Wed, 06 May 2026Rp672.6tRp192.5tRp28.3t24.6x23.7x3.5x
Fri, 03 Apr 2026Rp668.9tRp191.9tRp28.2t19.3x23.7x3.5x
Sun, 01 Mar 2026Rp765.2tRp191.3tRp27.1t20.2x28.2x4x
Tue, 27 Jan 2026Rp1031.4tRp191.5tRp27.2t22.5x38x5.4x
Thu, 25 Dec 2025Rp890.1tRp191.5tRp27.2t24.2x32.8x4.6x
Sat, 22 Nov 2025Rp773.4tRp191.5tRp27.2t22x28.5x4x
Mon, 20 Oct 2025Rp592.5tRp191.3tRp28.9t22.8x20.5x3.1x
Wed, 17 Sep 2025Rp620.8tRp191.1tRp28.8t22.5x21.6x3.2x
Fri, 15 Aug 2025Rp634.2tRp190.9tRp28.8t21.1x22x3.3x
Sun, 13 Jul 2025Rp556.7tRp192.1tRp27.5t18.1x20.3x2.9x
Tue, 10 Jun 2025Rp629.4tRp193.9tRp28.7t18.7x21.9x3.2x
Thu, 08 May 2025Rp618.3tRp193.5tRp28.8t19.2x21.5x3.2x
Sat, 05 Apr 2025Rp566.2tRp194.3tRp26.9t20.8x21.1x2.9x
Mon, 03 Mar 2025Rp567.3tRp191.4tRp28.4t23.7x19.9x3x
Wed, 29 Jan 2025Rp564.3tRp190.7tRp28.0t26.2x20.2x3x
Fri, 27 Dec 2024Rp558.5tRp190.7tRp28.0t23.8x19.9x2.9x
Sun, 24 Nov 2024Rp607.9tRp192.6tRp29.1t23.5x20.9x3.2x
Tue, 22 Oct 2024Rp648.4tRp193.2tRp30.4t23x21.4x3.4x
Thu, 19 Sep 2024Rp652.5tRp193.1tRp31.4t23.3x20.8x3.4x
Sat, 17 Aug 2024Rp572.3tRp193.1tRp31.4t17.7x18.2x3x
Mon, 15 Jul 2024Rp603.3tRp192.5tRp32.0t22x18.8x3.1x
Wed, 12 Jun 2024Rp573.1tRp192.5tRp33.0t24.3x17.4x3x
Fri, 10 May 2024Rp571.2tRp192.5tRp33.0t23.2x17.3x3x
Sun, 07 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Tue, 05 Mar 2024Rp668.2tRp191.1tRp32.8t24.1x20.3x3.5x
Thu, 01 Feb 2024Rp674.7tRp191.2tRp33.1t22x20.4x3.5x
Sat, 30 Dec 2023Rp685.6tRp191.1tRp33.0t20.8x20.8x3.6x
Mon, 27 Nov 2023Rp648.8tRp190.9tRp33.2t21.5x19.6x3.4x
Wed, 25 Oct 2023Rp630.5tRp189.7tRp29.8t23.9x21.2x3.3x
Fri, 22 Sep 2023Rp660.3tRp189.7tRp29.8t25.5x22.2x3.5x
Sun, 20 Aug 2023Rp659.4tRp189.8tRp29.9t30.3x22.1x3.5x
Tue, 18 Jul 2023Rp663.3tRp188.7tRp30.7t29x21.6x3.5x
Price to Earnings Ratio

21.6x


Total Market Cap: Rp663.3tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.3x202420252026
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 34.7x which is higher than its 3-year average PE of 22.3x.
  • 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 8.6% 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 Market0.42%
Telecom-2.80%
Telecom Services and Carriers-2.66%
Alternative Carriers-0.45%
Integrated Telecom Services-3.13%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.4x.
    • Analysts are expecting annual earnings growth of 10.0%, 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 10.0% 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 10.0% 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
DATA Remala AbadiRp2.31k15.5%
+Rp426.3b		66.2%PE27.7x
BALI Bali Towerindo SentraRp1.26k2.9%
+Rp137.7b		-15.8%PE26.7x
CENT Centratama Telekomunikasi IndonesiaRp74.002.8%
+Rp62.4b		-30.8%PS0.9x
JAST PT. Jasnita TelekomindoRp86.0013.2%
+Rp10.8b		38.7%PS0.4x
GOLD Visi Telekomunikasi InfrastrukturRp244.000.8%
+Rp2.6b		-0.8%PE16.3x

Latest News

DATA
Rp2,310.00
Remala Abadi
7D
15.5%
1Y
66.2%
MTEL
Rp468.00
Dayamitra Telekomunikasi
7D
-4.5%
1Y
-15.7%
TLKM
Rp2,480.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-1.6%
1Y
-9.2%
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
Rp6,300.00
Mora Telematika Indonesia
7D
-4.9%
1Y
1,459.4%
CENT
Rp74.00
Centratama Telekomunikasi Indonesia
7D
2.8%
1Y
-30.8%
LINK
Rp1,415.00
Link Net
7D
-6.9%
1Y
-9.0%
BALI
Rp1,255.00
Bali Towerindo Sentra
7D
2.9%
1Y
-15.8%
GHON
Rp1,560.00
Gihon Telekomunikasi Indonesia
7D
-2.5%
1Y
-1.9%
TBIG
Rp1,420.00
Tower Bersama Infrastructure
7D
-2.1%
1Y
-30.4%
KETR
Rp505.00
Ketrosden Triasmitra
7D
-1.0%
1Y
145.1%
JAST
Rp86.00
PT. Jasnita Telekomindo
7D
13.2%
1Y
38.7%
DNET
Rp9,800.00
Indoritel Makmur Internasional
7D
-0.3%
1Y
3.2%
GOLD
Rp244.00
Visi Telekomunikasi Infrastruktur
7D
0.8%
1Y
-0.8%