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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies16
  • 7D4.1%
  • 3M7.1%
  • 1Y22.9%
  • YTD-25.8%

Last week, the Telecom Services and Carriers industry hasn't moved much but Mora Telematika Indonesia is up 11% in that time. As for the the longer term, the industry is up 22% over the past 12 months. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
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
Price to Earnings Ratio

21.8x


Total Market Cap: Rp668.2tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.1x202420252026
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 30.2x which is higher than its 3-year average PE of 22.1x.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 8.8% 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 Market7.32%
Telecom3.39%
Telecom Services and Carriers4.12%
Integrated Telecom Services5.00%
Alternative Carriers1.01%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.3x.
    • Analysts are expecting annual earnings growth of 10.9%, 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 11% 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 11% 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 IndonesiaRp6.33k11.0%
+Rp14.8t		1,324.5%PE316.4x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp2.86k3.6%
+Rp9.9t		4.4%PE17x
DNET Indoritel Makmur InternasionalRp10.15k0.7%
+Rp1.1t		6.8%PE112.1x
TOWR Sarana Menara NusantaraRp344.004.2%
+Rp813.5b		-35.7%PE5.2x
LINK Link NetRp1.33k12.7%
+Rp413.1b		-21.1%PS1.2x

Latest News

TBIG
Rp1,445.00
Tower Bersama Infrastructure
7D
-0.7%
1Y
-34.3%
TOWR
Rp344.00
Sarana Menara Nusantara
7D
4.2%
1Y
-35.7%
BALI
Rp1,210.00
Bali Towerindo Sentra
7D
3.9%
1Y
-26.0%
TLKM
Rp2,860.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
3.6%
1Y
4.4%
Narrative Update • Jun 08

TLKM: Share Buyback Will Support Future Equity Value Unlock

Analysts have trimmed their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 3,887.27 to IDR 3,672.95, reflecting updated assumptions around slightly softer revenue growth, a modestly higher profit margin, and a lower future P/E multiple. What's in the News Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced a share repurchase program of up to 10% of issued share capital, with a maximum allocation of IDR 1,000,000 million funded from the company's cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026.
DATA
Rp1,450.00
Remala Abadi
7D
11.5%
1Y
8.2%
LINK
Rp1,330.00
Link Net
7D
12.7%
1Y
-21.1%
DNET
Rp10,150.00
Indoritel Makmur Internasional
7D
0.7%
1Y
6.8%
MORA
Rp6,325.00
Mora Telematika Indonesia
7D
11.0%
1Y
1,324.5%
CENT
Rp78.00
Centratama Telekomunikasi Indonesia
7D
14.7%
1Y
-17.0%