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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.7%
  • 3M-30.1%
  • 1Y32.2%
  • YTD-29.7%

The Telecom Services and Carriers is pretty flat in the last 7 days, but Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia has stood out, gaining 3.9%. As for the the longer term, the industry is up 28% over the past 12 months. As for the next few years, earnings are expected to grow by 6.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Apr 2026Rp660.9tRp191.9tRp28.2t19.4x23.4x3.4x
Fri, 06 Mar 2026Rp731.5tRp191.3tRp27.1t19.6x27x3.8x
Sun, 01 Feb 2026Rp908.8tRp191.5tRp27.2t21.4x33.5x4.7x
Tue, 30 Dec 2025Rp923.1tRp191.5tRp27.2t24x34x4.8x
Thu, 27 Nov 2025Rp798.9tRp191.5tRp27.2t22.1x29.4x4.2x
Sat, 25 Oct 2025Rp640.6tRp191.4tRp28.9t22.8x22.2x3.3x
Mon, 22 Sep 2025Rp613.1tRp191.3tRp28.9t22.9x21.2x3.2x
Wed, 20 Aug 2025Rp617.8tRp190.9tRp28.8t21.1x21.5x3.2x
Fri, 18 Jul 2025Rp565.3tRp192.1tRp27.5t18.7x20.6x2.9x
Sun, 15 Jun 2025Rp612.6tRp193.9tRp28.7t19.3x21.3x3.2x
Tue, 13 May 2025Rp612.9tRp193.7tRp28.6t19.1x21.4x3.2x
Thu, 10 Apr 2025Rp551.9tRp194.3tRp26.8t18.5x20.6x2.8x
Sat, 08 Mar 2025Rp580.1tRp191.6tRp28.5t24.2x20.3x3x
Mon, 03 Feb 2025Rp557.0tRp190.7tRp28.0t24.1x19.9x2.9x
Wed, 01 Jan 2025Rp560.0tRp190.7tRp28.0t23.5x20x2.9x
Fri, 29 Nov 2024Rp606.0tRp192.6tRp29.1t23.5x20.8x3.1x
Sun, 27 Oct 2024Rp629.6tRp193.2tRp30.3t23x20.8x3.3x
Tue, 24 Sep 2024Rp657.0tRp193.1tRp31.4t22.7x20.9x3.4x
Thu, 22 Aug 2024Rp584.5tRp193.1tRp31.4t17.6x18.6x3x
Sat, 20 Jul 2024Rp557.8tRp190.6tRp30.9t18.8x18x2.9x
Mon, 17 Jun 2024Rp538.8tRp192.5tRp33.0t21.3x16.3x2.8x
Wed, 15 May 2024Rp575.6tRp192.5tRp33.0t23.2x17.4x3x
Fri, 12 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Sun, 10 Mar 2024Rp657.9tRp191.3tRp32.8t26x20x3.4x
Tue, 06 Feb 2024Rp676.0tRp191.2tRp33.1t22.7x20.5x3.5x
Thu, 04 Jan 2024Rp685.2tRp191.2tRp33.1t21x20.7x3.6x
Sat, 02 Dec 2023Rp671.0tRp191.0tRp33.2t20.8x20.2x3.5x
Mon, 30 Oct 2023Rp618.2tRp189.7tRp29.8t25.5x20.8x3.3x
Wed, 27 Sep 2023Rp652.9tRp189.7tRp29.8t26.4x21.9x3.4x
Fri, 25 Aug 2023Rp657.4tRp189.8tRp29.9t29.7x22x3.5x
Sun, 23 Jul 2023Rp660.4tRp188.7tRp30.7t29.5x21.5x3.5x
Tue, 20 Jun 2023Rp668.2tRp188.7tRp30.7t30.4x21.8x3.5x
Thu, 18 May 2023Rp668.3tRp188.7tRp30.7t29.7x21.8x3.5x
Sat, 15 Apr 2023Rp711.6tRp187.1tRp30.9t25.9x23x3.8x
Price to Earnings Ratio

23x


Total Market Cap: Rp711.6tTotal Earnings: Rp30.9tTotal Revenue: Rp187.1tTotal 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 relatively neutral on the Indonesian Telecom industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 21.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Telecom industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

Which industries have driven the changes within the Indonesian Telecom industry?

ID Market-1.63%
Telecom0.11%
Telecom Services and Carriers-1.72%
Alternative Carriers-0.61%
Integrated Telecom Services-2.01%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 18.3x.
    • Analysts are expecting annual earnings growth of 6.5%, which is lower than the prior year's growth of 10.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 6.5% over the next 5 years.
  • However this is lower than its past earnings growth rate of 10% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 6.5% 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
IBST Inti Bangun SejahteraRp5.33k18.3%
+Rp1.1t		7.8%PE17.5x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.16k0.3%
+Rp990.6b		36.2%PE14.4x
TBIG Tower Bersama InfrastructureRp1.68k2.4%
+Rp904.3b		-11.6%PE26.6x
LINK Link NetRp1.99k2.8%
+Rp151.4b		-0.7%PS1.8x
GOLD Visi Telekomunikasi InfrastrukturRp286.005.9%
+Rp20.4b		17.2%PE19.2x

Latest News

GHON
Rp1,770.00
Gihon Telekomunikasi Indonesia
7D
1.7%
1Y
21.6%
DATA
Rp1,920.00
Remala Abadi
7D
-25.0%
1Y
82.0%
IBST
Rp5,325.00
Inti Bangun Sejahtera
7D
18.3%
1Y
7.8%
TOWR
Rp496.00
Sarana Menara Nusantara
7D
-0.4%
1Y
6.0%
TBIG
Rp1,680.00
Tower Bersama Infrastructure
7D
2.4%
1Y
-11.6%
MORA
Rp4,350.00
Mora Telematika Indonesia
7D
-5.0%
1Y
993.0%
CENT
Rp97.00
Centratama Telekomunikasi Indonesia
7D
-4.0%
1Y
67.2%
GOLD
Rp286.00
Visi Telekomunikasi Infrastruktur
7D
5.9%
1Y
17.2%
TLKM
Rp3,160.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
0.3%
1Y
36.2%

TLKM: NeutraDC Stake Review And Governance Moves Will Shape Fairly Valued Outlook

Analysts have made a small upward adjustment to their IDR price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR3,169.91 from IDR3,167.87, reflecting updated assumptions around revenue growth, profit margin, discount rate, and future P/E levels. What's in the News M&A discussions are underway as Telkom Indonesia considers selling a stake in its data center unit, NeutraDC.
KETR
Rp412.00
Ketrosden Triasmitra
7D
-1.9%
1Y
152.8%
BALI
Rp1,320.00
Bali Towerindo Sentra
7D
-0.4%
1Y
13.3%
LINK
Rp1,985.00
Link Net
7D
2.8%
1Y
-0.7%
MTEL
Rp530.00
Dayamitra Telekomunikasi
7D
-0.9%
1Y
6.9%
DNET
Rp9,125.00
Indoritel Makmur Internasional
7D
-0.8%
1Y
-3.9%