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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies16
  • 7D2.6%
  • 3M10.8%
  • 1Y0.5%
  • YTD9.8%

In the last week, the Telecom Services and Carriers industry is up 2.6%, with Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia up 5.5%. In the same time, Remala Abadi was down 11%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 4.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Sep 2025Rp616.5tRp191.1tRp28.8t22.3x21.4x3.2x
Fri, 15 Aug 2025Rp634.2tRp190.9tRp28.8t21.1x22x3.3x
Sun, 13 Jul 2025Rp556.7tRp192.1tRp27.5t18.1x20.3x2.9x
Tue, 10 Jun 2025Rp629.4tRp193.9tRp28.7t18.7x21.9x3.2x
Thu, 08 May 2025Rp618.3tRp193.5tRp28.8t19.2x21.5x3.2x
Sat, 05 Apr 2025Rp566.2tRp194.3tRp26.9t20.8x21.1x2.9x
Mon, 03 Mar 2025Rp567.3tRp191.4tRp28.4t23.7x19.9x3x
Wed, 29 Jan 2025Rp564.3tRp190.7tRp28.0t26.2x20.2x3x
Fri, 27 Dec 2024Rp558.5tRp190.7tRp28.0t23.8x19.9x2.9x
Sun, 24 Nov 2024Rp607.9tRp192.6tRp29.1t23.5x20.9x3.2x
Tue, 22 Oct 2024Rp648.4tRp193.2tRp30.4t23x21.4x3.4x
Thu, 19 Sep 2024Rp652.5tRp193.1tRp31.4t23.3x20.8x3.4x
Sat, 17 Aug 2024Rp572.3tRp193.1tRp31.4t17.7x18.2x3x
Mon, 15 Jul 2024Rp603.3tRp192.5tRp32.0t22x18.8x3.1x
Wed, 12 Jun 2024Rp573.1tRp192.5tRp33.0t24.3x17.4x3x
Fri, 10 May 2024Rp571.2tRp192.5tRp33.0t23.2x17.3x3x
Sun, 07 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Tue, 05 Mar 2024Rp668.2tRp191.1tRp32.8t24.1x20.3x3.5x
Thu, 01 Feb 2024Rp674.7tRp191.2tRp33.1t22x20.4x3.5x
Sat, 30 Dec 2023Rp685.6tRp191.1tRp33.0t20.8x20.8x3.6x
Mon, 27 Nov 2023Rp648.8tRp190.9tRp33.2t21.5x19.6x3.4x
Wed, 25 Oct 2023Rp630.5tRp189.7tRp29.8t23.9x21.2x3.3x
Fri, 22 Sep 2023Rp660.3tRp189.7tRp29.8t25.5x22.2x3.5x
Sun, 20 Aug 2023Rp659.4tRp189.8tRp29.9t30.3x22.1x3.5x
Tue, 18 Jul 2023Rp663.3tRp188.7tRp30.7t29x21.6x3.5x
Thu, 15 Jun 2023Rp672.8tRp188.7tRp30.7t29.8x21.9x3.6x
Sat, 13 May 2023Rp683.8tRp188.7tRp31.0t25.1x22x3.6x
Mon, 10 Apr 2023Rp698.9tRp187.1tRp29.3t26x23.8x3.7x
Wed, 08 Mar 2023Rp670.4tRp185.2tRp31.4t22.6x21.3x3.6x
Fri, 03 Feb 2023Rp669.3tRp185.2tRp31.4t22.7x21.3x3.6x
Sun, 01 Jan 2023Rp675.1tRp185.2tRp31.4t23.4x21.5x3.6x
Tue, 29 Nov 2022Rp694.1tRp184.4tRp30.3t23.4x22.9x3.8x
Thu, 27 Oct 2022Rp734.5tRp183.6tRp33.7t22.3x21.8x4x
Sat, 24 Sep 2022Rp766.1tRp183.6tRp33.7t25.8x22.7x4.2x
Price to Earnings Ratio

22.7x


Total Market Cap: Rp766.1tTotal Earnings: Rp33.7tTotal Revenue: Rp183.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 20.7x202320242025
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 20.7x.
  • The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 5.2% 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 Market1.88%
Telecom3.00%
Telecom Services and Carriers2.64%
Integrated Telecom Services3.51%
Alternative Carriers-0.22%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 18.1x.
    • Analysts are expecting annual earnings growth of 4.6%, which is higher than its past year's earnings decline of 0.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 4.6% over the next 5 years.
  • This is better than its past earnings decline of 0.3% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 4.6% 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
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.30k8.2%
+Rp24.8t		6.8%PE14.3x
LINK Link NetRp3.02k11.9%
+Rp880.5b		41.1%PS3x
CENT Centratama Telekomunikasi IndonesiaRp139.0023.0%
+Rp810.8b		157.4%PS1.7x
IBST Inti Bangun SejahteraRp6.10k9.4%
+Rp709.2b		8.9%PE24.8x
DNET Indoritel Makmur InternasionalRp9.10k0.6%
+Rp709.2b		2.5%PE110.5x

Latest News

TLKM
Rp3,300.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
8.2%
1Y
6.8%

One-billing Integration And Fiber Optics Will Boost Digital Connectivity

As both revenue growth and net profit margin forecasts for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia remain stable, analysts have kept their fair value price target unchanged at IDR3379. What's in the News Special/Extraordinary Shareholders Meeting scheduled to consider changes to the company's management.
MTEL
Rp590.00
Dayamitra Telekomunikasi
7D
-0.8%
1Y
-9.9%
TBIG
Rp1,835.00
Tower Bersama Infrastructure
7D
-1.1%
1Y
-3.9%
TOWR
Rp600.00
Sarana Menara Nusantara
7D
1.7%
1Y
-29.0%
DNET
Rp9,100.00
Indoritel Makmur Internasional
7D
0.6%
1Y
2.5%
DATA
Rp3,780.00
Remala Abadi
7D
-17.1%
1Y
460.0%
KETR
Rp590.00
Ketrosden Triasmitra
7D
-11.3%
1Y
178.3%
MORA
Rp438.00
Mora Telematika Indonesia
7D
0.5%
1Y
-3.9%
KBLV
Rp304.00
First Media
7D
32.2%
1Y
398.4%
CENT
Rp139.00
Centratama Telekomunikasi Indonesia
7D
23.0%
1Y
157.4%
LINK
Rp3,020.00
Link Net
7D
11.9%
1Y
41.1%
IBST
Rp6,100.00
Inti Bangun Sejahtera
7D
9.4%
1Y
8.9%