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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedAug 14, 2026
DataAggregated Company Financials
Companies15
  • 7D-2.6%
  • 3M-15.5%
  • 1Y15.6%
  • YTD-39.4%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.6%, driven by a pullback from Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia of 3.7%. Over the past 12 months, the industry was up 16%. Looking forward, earnings are forecast to grow by 8.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 14 Aug 2026Rp739.0tRp195.3tRp23.7t20.5x31.2x3.8x
Sun, 12 Jul 2026Rp805.4tRp192.6tRp23.4t22.9x34.3x4.2x
Tue, 09 Jun 2026Rp616.8tRp192.6tRp23.2t18.9x26.5x3.2x
Thu, 07 May 2026Rp681.2tRp192.5tRp28.3t24.5x24x3.5x
Sat, 04 Apr 2026Rp668.9tRp191.9tRp28.2t19.3x23.7x3.5x
Mon, 02 Mar 2026Rp765.2tRp191.3tRp27.1t20.2x28.2x4x
Wed, 28 Jan 2026Rp1055.1tRp191.5tRp27.2t22.5x38.9x5.5x
Fri, 26 Dec 2025Rp890.1tRp191.5tRp27.2t24.2x32.8x4.6x
Sun, 23 Nov 2025Rp773.4tRp191.5tRp27.2t22x28.5x4x
Tue, 21 Oct 2025Rp592.5tRp191.3tRp28.9t22.8x20.5x3.1x
Thu, 18 Sep 2025Rp623.7tRp191.3tRp28.9t22.9x21.6x3.3x
Sat, 16 Aug 2025Rp634.1tRp190.9tRp28.8t21.1x22x3.3x
Mon, 14 Jul 2025Rp556.7tRp192.1tRp27.5t18.1x20.3x2.9x
Wed, 11 Jun 2025Rp634.8tRp193.9tRp28.7t19.4x22.1x3.3x
Fri, 09 May 2025Rp608.0tRp193.5tRp28.8t19.4x21.1x3.1x
Sun, 06 Apr 2025Rp566.2tRp194.3tRp26.9t20.8x21.1x2.9x
Tue, 04 Mar 2025Rp580.5tRp191.4tRp28.4t25.2x20.4x3x
Thu, 30 Jan 2025Rp564.3tRp190.7tRp28.0t26.2x20.2x3x
Sat, 28 Dec 2024Rp564.1tRp190.7tRp28.0t23.7x20.1x3x
Mon, 25 Nov 2024Rp607.9tRp192.6tRp29.1t23.5x20.9x3.2x
Wed, 23 Oct 2024Rp641.4tRp193.2tRp30.4t23.3x21.1x3.3x
Fri, 20 Sep 2024Rp658.0tRp193.1tRp31.4t23.2x21x3.4x
Sun, 18 Aug 2024Rp581.1tRp193.1tRp31.4t17.7x18.5x3x
Tue, 16 Jul 2024Rp603.3tRp192.5tRp32.0t21.8x18.8x3.1x
Thu, 13 Jun 2024Rp555.7tRp192.5tRp33.0t24x16.8x2.9x
Sat, 11 May 2024Rp571.2tRp192.5tRp33.0t23.2x17.3x3x
Mon, 08 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Wed, 06 Mar 2024Rp660.4tRp191.1tRp32.8t22.7x20.1x3.5x
Fri, 02 Feb 2024Rp683.8tRp191.2tRp33.1t21.5x20.7x3.6x
Sun, 31 Dec 2023Rp685.6tRp191.2tRp33.1t20.8x20.7x3.6x
Tue, 28 Nov 2023Rp655.6tRp190.9tRp33.2t21.4x19.8x3.4x
Thu, 26 Oct 2023Rp639.2tRp189.7tRp29.8t24.5x21.5x3.4x
Sat, 23 Sep 2023Rp660.3tRp189.7tRp29.8t26.4x22.2x3.5x
Mon, 21 Aug 2023Rp659.4tRp189.8tRp29.9t30.3x22.1x3.5x
Price to Earnings Ratio

22.1x


Total Market Cap: Rp659.4tTotal Earnings: Rp29.9tTotal Revenue: Rp189.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.7x202420252026
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 31.2x which is higher than its 3-year average PE of 22.7x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 7.5% 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-0.45%
Telecom-0.17%
Telecom Services and Carriers-2.55%
Alternative Carriers-1.30%
Integrated Telecom Services-2.85%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.6x.
    • Analysts are expecting annual earnings growth of 8.3%, which is lower than the prior year's growth of 10.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 8.3% over the next 5 years.
  • However this is lower than its past earnings growth rate of 11% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 8.3% 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
DNET Indoritel Makmur InternasionalRp9.98k2.0%
+Rp2.8t		8.1%PE127.1x
LINK Link NetRp1.66k18.2%
+Rp702.3b		-29.0%PS1.6x
CENT Centratama Telekomunikasi IndonesiaRp83.002.5%
+Rp62.4b		-17.0%PS1x
KETR Ketrosden TriasmitraRp570.000.9%
+Rp14.2b		115.9%PE22.2x

Latest News

TOWR
Rp390.00
Sarana Menara Nusantara
7D
-3.5%
1Y
-36.6%
TLKM
Rp2,610.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-3.7%
1Y
-21.1%
Narrative Update • Aug 04

TLKM: Dividend And Share Buyback Will Support Future Upside

Analysts have trimmed their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 3,533 from IDR 3,629, citing slightly softer assumptions for long term revenue growth, profit margins, and future P/E multiples. 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, with an ex dividend date on June 18, 2026, a record date on June 19, 2026, and payment scheduled for July 10, 2026.
MORA
Rp5,175.00
Mora Telematika Indonesia
7D
-1.4%
1Y
1,213.5%
KBLV
Rp144.00
First Media
7D
-8.3%
1Y
9.1%
DNET
Rp9,975.00
Indoritel Makmur Internasional
7D
2.0%
1Y
8.1%
BALI
Rp1,205.00
Bali Towerindo Sentra
7D
-0.4%
1Y
-9.7%
TBIG
Rp1,390.00
Tower Bersama Infrastructure
7D
-1.4%
1Y
-26.8%
CENT
Rp83.00
Centratama Telekomunikasi Indonesia
7D
2.5%
1Y
-17.0%
KETR
Rp570.00
Ketrosden Triasmitra
7D
0.9%
1Y
115.9%
DATA
Rp1,895.00
Remala Abadi
7D
-3.6%
1Y
0%
MTEL
Rp428.00
Dayamitra Telekomunikasi
7D
-0.9%
1Y
-33.6%
LINK
Rp1,655.00
Link Net
7D
18.2%
1Y
-29.0%