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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJul 13, 2026
DataAggregated Company Financials
Companies16
  • 7D-2.7%
  • 3M0.2%
  • 1Y41.2%
  • YTD-34.4%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.7%, driven by a pullback from Mora Telematika Indonesia of 1.9%. In contrast, Indoritel Makmur Internasional has gained 5.3%. This takes the industry's 12 month performance to a gain of 41%. As for the next few years, earnings are expected to grow by 9.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Jul 2026Rp805.4tRp192.6tRp23.4t22.9x34.3x4.2x
Thu, 11 Jun 2026Rp687.9tRp192.6tRp23.2t18.9x29.6x3.6x
Sat, 09 May 2026Rp740.6tRp192.5tRp28.4t23.4x26.1x3.8x
Mon, 06 Apr 2026Rp669.4tRp191.9tRp28.2t19.3x23.7x3.5x
Wed, 04 Mar 2026Rp744.5tRp191.3tRp27.1t20x27.5x3.9x
Fri, 30 Jan 2026Rp928.6tRp191.5tRp27.2t21.2x34.2x4.9x
Sun, 28 Dec 2025Rp890.1tRp191.5tRp27.2t24.2x32.8x4.6x
Tue, 25 Nov 2025Rp795.6tRp191.5tRp27.2t22.3x29.3x4.2x
Thu, 23 Oct 2025Rp636.1tRp191.4tRp28.9t21.4x22x3.3x
Sat, 20 Sep 2025Rp615.0tRp191.3tRp28.9t22.9x21.3x3.2x
Mon, 18 Aug 2025Rp621.1tRp190.9tRp28.8t21.1x21.6x3.3x
Wed, 16 Jul 2025Rp547.2tRp192.1tRp27.5t18.2x19.9x2.8x
Fri, 13 Jun 2025Rp619.3tRp193.9tRp28.7t19.3x21.6x3.2x
Sun, 11 May 2025Rp612.9tRp193.7tRp28.6t19.1x21.4x3.2x
Tue, 08 Apr 2025Rp566.2tRp194.3tRp26.9t20.8x21.1x2.9x
Thu, 06 Mar 2025Rp584.0tRp191.4tRp28.4t24.7x20.5x3.1x
Sat, 01 Feb 2025Rp557.3tRp190.7tRp28.0t24.1x19.9x2.9x
Mon, 30 Dec 2024Rp564.1tRp190.7tRp28.0t23.7x20.1x3x
Wed, 27 Nov 2024Rp605.1tRp192.6tRp29.1t23.6x20.8x3.1x
Fri, 25 Oct 2024Rp635.5tRp193.2tRp30.4t23.5x20.9x3.3x
Sun, 22 Sep 2024Rp657.0tRp193.1tRp31.4t22.7x20.9x3.4x
Tue, 20 Aug 2024Rp577.1tRp193.1tRp31.4t17.7x18.4x3x
Thu, 18 Jul 2024Rp562.7tRp190.6tRp30.9t18.8x18.2x3x
Sat, 15 Jun 2024Rp556.0tRp192.5tRp33.0t21.3x16.8x2.9x
Mon, 13 May 2024Rp571.2tRp192.5tRp33.0t23.2x17.3x3x
Wed, 10 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Fri, 08 Mar 2024Rp661.7tRp191.1tRp32.8t22.6x20.1x3.5x
Sun, 04 Feb 2024Rp679.5tRp191.2tRp33.1t23x20.6x3.6x
Tue, 02 Jan 2024Rp685.6tRp191.2tRp33.1t20.8x20.7x3.6x
Thu, 30 Nov 2023Rp663.1tRp190.9tRp33.2t21.2x20x3.5x
Sat, 28 Oct 2023Rp614.4tRp189.7tRp29.8t25.5x20.6x3.2x
Mon, 25 Sep 2023Rp665.3tRp189.7tRp29.8t26.4x22.3x3.5x
Wed, 23 Aug 2023Rp660.1tRp189.8tRp29.9t30x22.1x3.5x
Fri, 21 Jul 2023Rp656.9tRp188.7tRp30.7t28.7x21.4x3.5x
Price to Earnings Ratio

21.4x


Total Market Cap: Rp656.9tTotal 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 34.3x 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 Market0.21%
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 9.6%, 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 9.6% 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 9.6% 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
DNET Indoritel Makmur InternasionalRp9.85k5.3%
+Rp7.1t		4.0%PE108.8x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp2.51k1.2%
+Rp3.0t		-6.7%PE14.9x
DATA Remala AbadiRp2.39k18.3%
+Rp508.8b		74.5%PE28.7x
TOWR Sarana Menara NusantaraRp374.000.5%
+Rp116.2b		-32.6%PE5.7x
TBIG Tower Bersama InfrastructureRp1.43k0.4%
+Rp113.0b		-28.6%PE22.9x

Latest News

DATA
Rp2,390.00
Remala Abadi
7D
18.3%
1Y
74.5%
MTEL
Rp464.00
Dayamitra Telekomunikasi
7D
-7.2%
1Y
-17.9%
TLKM
Rp2,510.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
1.2%
1Y
-6.7%
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
Rp6,525.00
Mora Telematika Indonesia
7D
-1.9%
1Y
1,507.1%
TOWR
Rp374.00
Sarana Menara Nusantara
7D
0.5%
1Y
-32.6%
Narrative Update • Jul 02

TOWR: Extraordinary Meeting And Stronger Margins Will Support Future Upside

The latest analyst narrative on Sarana Menara Nusantara reflects a lower indicative fair value, shifting from around IDR 785.5 to about IDR 684.62. Analysts are factoring in a higher discount rate, more moderate revenue growth expectations, slightly stronger profit margins, and a lower assumed future P/E multiple.
KBLV
Rp82.00
First Media
7D
-5.7%
1Y
46.4%
CENT
Rp74.00
Centratama Telekomunikasi Indonesia
7D
-3.9%
1Y
-26.7%
LINK
Rp1,420.00
Link Net
7D
-1.7%
1Y
-8.7%
BALI
Rp1,230.00
Bali Towerindo Sentra
7D
-9.9%
1Y
-16.3%
GHON
Rp1,570.00
Gihon Telekomunikasi Indonesia
7D
-1.9%
1Y
-0.9%
TBIG
Rp1,425.00
Tower Bersama Infrastructure
7D
0.4%
1Y
-28.6%
KETR
Rp520.00
Ketrosden Triasmitra
7D
1.0%
1Y
157.4%
JAST
Rp85.00
PT. Jasnita Telekomindo
7D
10.4%
1Y
41.7%
DNET
Rp9,850.00
Indoritel Makmur Internasional
7D
5.3%
1Y
4.0%
GOLD
Rp244.00
Visi Telekomunikasi Infrastruktur
7D
1.7%
1Y
-3.9%