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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies16
  • 7D2.8%
  • 3M59.7%
  • 1Y67.8%
  • YTD1.0%

Over the last 7 days, the Telecom Services and Carriers industry has risen 2.8%, driven by gains from Mora Telematika Indonesia of 8.9%. Meanwhile, Tower Bersama Infrastructure actually underperformed within the industry, shrinking 9.3% in the last week. This means that the industry has gained 68% over the past year. Earnings are forecast to grow by 6.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 06 Jan 2026Rp948.5tRp191.5tRp27.2t25x34.9x5x
Thu, 04 Dec 2025Rp836.8tRp191.5tRp27.2t22.7x30.8x4.4x
Sat, 01 Nov 2025Rp645.3tRp191.0tRp26.7t21.6x24.1x3.4x
Mon, 29 Sep 2025Rp599.0tRp191.3tRp28.9t21.9x20.8x3.1x
Wed, 27 Aug 2025Rp636.1tRp190.9tRp28.8t23.1x22.1x3.3x
Fri, 25 Jul 2025Rp569.8tRp192.1tRp27.5t20.8x20.7x3x
Sun, 22 Jun 2025Rp595.4tRp193.9tRp28.7t17.9x20.7x3.1x
Tue, 20 May 2025Rp634.0tRp193.7tRp28.6t19x22.1x3.3x
Thu, 17 Apr 2025Rp578.1tRp194.4tRp26.8t18.9x21.6x3x
Sat, 15 Mar 2025Rp572.1tRp191.5tRp28.5t23.4x20.1x3x
Mon, 10 Feb 2025Rp549.3tRp190.7tRp28.0t23.3x19.6x2.9x
Wed, 08 Jan 2025Rp549.9tRp190.7tRp28.0t22.6x19.6x2.9x
Fri, 06 Dec 2024Rp564.3tRp190.7tRp28.0t24x20.2x3x
Sun, 03 Nov 2024Rp613.2tRp192.3tRp29.5t23.5x20.8x3.2x
Tue, 01 Oct 2024Rp641.6tRp193.1tRp31.4t23.9x20.4x3.3x
Thu, 29 Aug 2024Rp587.3tRp193.1tRp31.4t19.6x18.7x3x
Sat, 27 Jul 2024Rp588.7tRp192.5tRp32.0t21.6x18.4x3.1x
Mon, 24 Jun 2024Rp562.0tRp192.5tRp33.0t25.2x17x2.9x
Wed, 22 May 2024Rp562.5tRp192.5tRp33.0t24.4x17.1x2.9x
Fri, 19 Apr 2024Rp586.3tRp190.7tRp33.4t24.7x17.5x3.1x
Sun, 17 Mar 2024Rp665.9tRp191.3tRp32.8t25.6x20.3x3.5x
Tue, 13 Feb 2024Rp675.8tRp191.2tRp33.1t22.7x20.4x3.5x
Thu, 11 Jan 2024Rp690.6tRp191.2tRp33.1t25.9x20.9x3.6x
Sat, 09 Dec 2023Rp680.0tRp191.1tRp33.0t21x20.6x3.6x
Mon, 06 Nov 2023Rp635.1tRp191.0tRp33.2t18.7x19.1x3.3x
Wed, 04 Oct 2023Rp651.5tRp189.7tRp29.8t26.4x21.9x3.4x
Fri, 01 Sep 2023Rp667.0tRp189.8tRp29.9t29.8x22.3x3.5x
Sun, 30 Jul 2023Rp644.0tRp189.3tRp29.8t28.6x21.6x3.4x
Tue, 27 Jun 2023Rp672.2tRp188.7tRp30.7t29.3x21.9x3.6x
Thu, 25 May 2023Rp673.5tRp188.7tRp30.7t29.1x22x3.6x
Sat, 22 Apr 2023Rp703.3tRp187.2tRp30.7t25.4x22.9x3.8x
Mon, 20 Mar 2023Rp686.0tRp185.5tRp31.4t26.3x21.9x3.7x
Wed, 15 Feb 2023Rp660.5tRp185.2tRp31.4t22x21x3.6x
Fri, 13 Jan 2023Rp673.7tRp185.2tRp31.4t23.8x21.4x3.6x
Price to Earnings Ratio

21.4x


Total Market Cap: Rp673.7tTotal Earnings: Rp31.4tTotal Revenue: Rp185.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.1x202420252026
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 34.9x which is higher than its 3-year average PE of 21.1x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 5.0x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 4.8% 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 Market2.31%
Telecom3.08%
Telecom Services and Carriers2.75%
Integrated Telecom Services3.19%
Alternative Carriers0.33%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.0x.
    • Analysts are expecting annual earnings growth of 6.5%, which is higher than its past year's earnings growth of 1.7% 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.
  • This is better than its past earnings growth rate of 1.7% 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
MORA Mora Telematika IndonesiaRp12.53k3.9%
+Rp11.2t		3,078.9%PE1062.2x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.52k1.1%
+Rp4.0t		37.0%PE16x
DATA Remala AbadiRp4.69k11.7%
+Rp673.8b		521.2%PE59.1x
KETR Ketrosden TriasmitraRp1.14k6.1%
+Rp184.7b		567.6%PE23.7x
CENT Centratama Telekomunikasi IndonesiaRp155.001.3%
+Rp62.4b		222.9%PS1.9x

Latest News

GHON
Rp1,670.00
Gihon Telekomunikasi Indonesia
7D
-0.3%
1Y
5.7%
BALI
Rp1,730.00
Bali Towerindo Sentra
7D
-2.8%
1Y
10.2%
MTEL
Rp650.00
Dayamitra Telekomunikasi
7D
-7.1%
1Y
-3.0%
TBIG
Rp2,450.00
Tower Bersama Infrastructure
7D
-8.6%
1Y
17.8%
TLKM
Rp3,520.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
1.1%
1Y
37.0%

TLKM: Infrastructure Spinoff Execution Risks Will Likely Limit Future Upside Potential

Analysts have raised their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 2,900 to about IDR 3,107, citing improving long term revenue growth and profit margin assumptions, as well as the potential capital unlock from ongoing infrastructure spinoff and streamlining initiatives. Analyst Commentary Recent rating and target price upgrades highlight growing confidence that the company can monetize its infrastructure assets and sustain mid single digit revenue growth.
KETR
Rp1,135.00
Ketrosden Triasmitra
7D
6.1%
1Y
567.6%
TOWR
Rp565.00
Sarana Menara Nusantara
7D
-3.4%
1Y
-18.7%

TOWR: Higher Required Returns Will Still Support A Bullish Outlook

Analysts have trimmed their price target for Sarana Menara Nusantara from approximately Rp1,175 to around Rp1,096. They cite a higher required return and slightly softer revenue growth expectations, partly offset by a modestly improved profit margin outlook and a richer projected forward P/E multiple.
GOLD
Rp352.00
Visi Telekomunikasi Infrastruktur
7D
6.7%
1Y
34.4%
DATA
Rp4,690.00
Remala Abadi
7D
11.7%
1Y
521.2%
CENT
Rp155.00
Centratama Telekomunikasi Indonesia
7D
1.3%
1Y
222.9%
LINK
Rp3,920.00
Link Net
7D
-3.7%
1Y
232.2%
KBLV
Rp195.00
First Media
7D
9.6%
1Y
129.4%
MORA
Rp12,525.00
Mora Telematika Indonesia
7D
3.9%
1Y
3,078.9%
IBST
Rp4,950.00
Inti Bangun Sejahtera
7D
-4.8%
1Y
-10.0%
JAST
Rp106.00
PT. Jasnita Telekomindo
7D
3.9%
1Y
73.8%