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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies16
  • 7D-2.3%
  • 3M-27.8%
  • 1Y31.9%
  • YTD-27.0%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.3%, driven by a pullback from Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia of 4.5%. Over the past 12 months, the industry was up 32%. Earnings are forecast to grow by 6.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026Rp685.7tRp191.7tRp27.9t19.4x24.6x3.6x
Sat, 28 Feb 2026Rp765.2tRp191.3tRp27.1t20.2x28.2x4x
Mon, 26 Jan 2026Rp1014.8tRp191.5tRp27.2t22.5x37.4x5.3x
Wed, 24 Dec 2025Rp875.1tRp191.5tRp27.2t23.3x32.2x4.6x
Fri, 21 Nov 2025Rp787.2tRp191.5tRp27.2t22x29x4.1x
Sun, 19 Oct 2025Rp592.5tRp191.3tRp28.9t22.8x20.5x3.1x
Tue, 16 Sep 2025Rp616.5tRp191.1tRp28.8t22.3x21.4x3.2x
Thu, 14 Aug 2025Rp629.4tRp190.9tRp28.8t21.5x21.9x3.3x
Sat, 12 Jul 2025Rp596.9tRp193.9tRp28.6t18.7x20.9x3.1x
Mon, 09 Jun 2025Rp629.4tRp193.9tRp28.7t18.7x21.9x3.2x
Wed, 07 May 2025Rp624.4tRp193.3tRp28.8t19.7x21.7x3.2x
Fri, 04 Apr 2025Rp566.2tRp194.3tRp26.9t20.8x21.1x2.9x
Sun, 02 Mar 2025Rp567.3tRp191.4tRp28.4t23.7x19.9x3x
Tue, 28 Jan 2025Rp564.3tRp190.7tRp28.0t26.2x20.2x3x
Thu, 26 Dec 2024Rp558.5tRp190.7tRp28.0t23.8x19.9x2.9x
Sat, 23 Nov 2024Rp607.9tRp192.6tRp29.1t23.5x20.9x3.2x
Mon, 21 Oct 2024Rp649.0tRp193.2tRp30.4t23.3x21.4x3.4x
Wed, 18 Sep 2024Rp651.3tRp193.1tRp31.4t23.2x20.7x3.4x
Fri, 16 Aug 2024Rp572.4tRp193.1tRp31.4t17.7x18.2x3x
Sun, 14 Jul 2024Rp603.3tRp192.5tRp32.0t22x18.8x3.1x
Tue, 11 Jun 2024Rp576.8tRp192.5tRp33.0t23.8x17.5x3x
Thu, 09 May 2024Rp571.2tRp192.5tRp33.0t23.2x17.3x3x
Sat, 06 Apr 2024Rp567.3tRp188.8tRp32.3t25.9x17.6x3x
Mon, 04 Mar 2024Rp666.4tRp191.1tRp32.8t24.5x20.3x3.5x
Wed, 31 Jan 2024Rp677.8tRp191.2tRp33.1t22.8x20.5x3.5x
Fri, 29 Dec 2023Rp688.1tRp191.1tRp33.0t21x20.8x3.6x
Sun, 26 Nov 2023Rp648.8tRp190.9tRp33.2t21.5x19.6x3.4x
Tue, 24 Oct 2023Rp630.5tRp189.7tRp29.8t25.3x21.2x3.3x
Thu, 21 Sep 2023Rp652.6tRp189.7tRp29.8t26.9x21.9x3.4x
Sat, 19 Aug 2023Rp666.2tRp189.8tRp29.9t30.3x22.3x3.5x
Mon, 17 Jul 2023Rp667.1tRp188.7tRp30.7t29.1x21.8x3.5x
Wed, 14 Jun 2023Rp672.8tRp188.7tRp30.7t29.7x21.9x3.6x
Fri, 12 May 2023Rp683.8tRp188.7tRp31.0t25.4x22x3.6x
Sun, 09 Apr 2023Rp698.9tRp187.0tRp29.4t26x23.8x3.7x
Price to Earnings Ratio

23.8x


Total Market Cap: Rp698.9tTotal Earnings: Rp29.4tTotal Revenue: Rp187.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 21.8x202420252026
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 24.6x which is higher than its 3-year average PE of 21.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Telecom industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

Which industries have driven the changes within the Indonesian Telecom industry?

ID Market-1.59%
Telecom-1.75%
Telecom Services and Carriers-2.25%
Alternative Carriers2.20%
Integrated Telecom Services-3.30%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 18.3x.
    • Analysts are expecting annual earnings growth of 6.7%, 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 6.7% 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 6.7% 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 InternasionalRp9.13k1.7%
+Rp2.1t		-0.8%PE111x
LINK Link NetRp1.98k4.2%
+Rp220.2b		10.6%PS1.8x
BALI Bali Towerindo SentraRp1.28k1.2%
+Rp59.0b		5.4%PE27.5x
GOLD Visi Telekomunikasi InfrastrukturRp276.002.2%
+Rp7.7b		6.2%PE18.5x
JAST PT. Jasnita TelekomindoRp99.003.1%
+Rp3.2b		70.7%PS0.5x

Latest News

TBIG
Rp1,625.00
Tower Bersama Infrastructure
7D
-0.9%
1Y
-18.3%
MORA
Rp4,090.00
Mora Telematika Indonesia
7D
-12.4%
1Y
887.9%
CENT
Rp98.00
Centratama Telekomunikasi Indonesia
7D
-3.0%
1Y
122.7%
GOLD
Rp276.00
Visi Telekomunikasi Infrastruktur
7D
2.2%
1Y
6.2%
KBLV
Rp107.00
First Media
7D
0.9%
1Y
20.2%
DATA
Rp2,180.00
Remala Abadi
7D
-41.2%
1Y
107.6%
TLKM
Rp3,130.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-1.3%
1Y
29.9%

TLKM: NeutraDC Stake Review And Governance Moves Will Shape Fairly Valued Outlook

Analysts have made a small upward adjustment to their IDR price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR3,169.91 from IDR3,167.87, reflecting updated assumptions around revenue growth, profit margin, discount rate, and future P/E levels. What's in the News M&A discussions are underway as Telkom Indonesia considers selling a stake in its data center unit, NeutraDC.
TOWR
Rp494.00
Sarana Menara Nusantara
7D
-0.8%
1Y
-2.2%

TOWR: Share Buyback Plan Will Support Future Upside Despite Slightly Higher Assumptions

Analysts have trimmed their price target for Sarana Menara Nusantara slightly to IDR 785.5 per share, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E multiples. What's in the News The Board of Directors authorized a share buyback plan on February 2, 2026, signaling approval for repurchases within a defined period (company announcement).
KETR
Rp396.00
Ketrosden Triasmitra
7D
-6.6%
1Y
131.6%
BALI
Rp1,275.00
Bali Towerindo Sentra
7D
1.2%
1Y
5.4%
LINK
Rp1,975.00
Link Net
7D
4.2%
1Y
10.6%
JAST
Rp99.00
PT. Jasnita Telekomindo
7D
3.1%
1Y
70.7%
MTEL
Rp520.00
Dayamitra Telekomunikasi
7D
-2.8%
1Y
-8.0%
DNET
Rp9,125.00
Indoritel Makmur Internasional
7D
1.7%
1Y
-0.8%