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

Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedSep 20, 2026
DataAggregated Company Financials
Companies15
  • 7D-2.9%
  • 3M-16.1%
  • 1Y19.9%
  • YTD-39.2%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.9%, driven by Mora Telematika Indonesia declining 6.3%. Over the past 12 months, the industry was up 20%. As for the next few years, earnings are expected to grow by 8.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Sep 2026Rp740.6tRp195.2tRp23.6t18.9x31.4x3.8x
Tue, 18 Aug 2026Rp755.7tRp195.3tRp23.7t20.6x31.9x3.9x
Thu, 16 Jul 2026Rp819.8tRp192.6tRp23.4t23.4x35x4.3x
Sat, 13 Jun 2026Rp696.8tRp192.6tRp23.2t18.9x30x3.6x
Mon, 11 May 2026Rp740.6tRp192.5tRp28.4t23.4x26.1x3.8x
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
Price to Earnings Ratio

21.9x


Total Market Cap: Rp652.9tTotal Earnings: Rp29.8tTotal Revenue: Rp189.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 23x202420252026
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 31.4x which is higher than its 3-year average PE of 23.0x.
  • 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-1.63%
Telecom-3.30%
Telecom Services and Carriers-2.88%
Alternative Carriers-0.71%
Integrated Telecom Services-3.40%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.8x.
    • Analysts are expecting annual earnings growth of 8.0%, 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 8.0% 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 8.0% 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
MTEL Dayamitra TelekomunikasiRp500.004.6%
+Rp1.8t		-16.7%PE18.9x
KETR Ketrosden TriasmitraRp995.004.2%
+Rp113.7b		106.4%PE38.8x
GOLD Visi Telekomunikasi InfrastrukturRp280.000.7%
+Rp2.6b		6.9%PE18.4x

Latest News

TLKM
Rp2,560.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-1.5%
1Y
-20.7%
Narrative Update • Sep 09

TLKM: Dividend Payout And Upcoming Meeting Will Support Future Upside

Analysts have trimmed their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia, with the assessed fair value moving from about IDR 3,533 to roughly IDR 3,441 as they adjust assumptions on revenue growth, profit margins, and future P/E levels. What's in the News Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has scheduled a Special or Extraordinary Shareholders Meeting for September 30, 2026, to be held via easy.ksei in Indonesia.
BALI
Rp1,310.00
Bali Towerindo Sentra
7D
-8.1%
1Y
-1.5%
TOWR
Rp414.00
Sarana Menara Nusantara
7D
-8.8%
1Y
-32.1%
KETR
Rp995.00
Ketrosden Triasmitra
7D
4.2%
1Y
106.4%
LINK
Rp1,745.00
Link Net
7D
-2.0%
1Y
-39.8%
MORA
Rp4,850.00
Mora Telematika Indonesia
7D
-6.3%
1Y
1,027.9%
DNET
Rp9,800.00
Indoritel Makmur Internasional
7D
-0.8%
1Y
7.7%
GOLD
Rp280.00
Visi Telekomunikasi Infrastruktur
7D
0.7%
1Y
6.9%
TBIG
Rp1,470.00
Tower Bersama Infrastructure
7D
-0.7%
1Y
-15.5%
DATA
Rp1,685.00
Remala Abadi
7D
-4.3%
1Y
-64.1%
MTEL
Rp500.00
Dayamitra Telekomunikasi
7D
4.6%
1Y
-16.7%