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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies16
  • 7D0.3%
  • 3M3.9%
  • 1Y25.8%
  • YTD-25.3%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 6.9%, driven by Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia declining 10%. Meanwhile, Mora Telematika Indonesia actually outperformed within the industry, gaining 21% in the last week. Over the past 12 months, the industry was up 24%. As for the next few years, earnings are expected to grow by 9.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jun 2026Rp701.5tRp192.6tRp23.2t22.5x30.2x3.6x
Sun, 24 May 2026Rp704.1tRp191.7tRp24.3t20.3x29x3.7x
Tue, 21 Apr 2026Rp714.5tRp192.3tRp28.3t24.1x25.3x3.7x
Thu, 19 Mar 2026Rp671.2tRp191.3tRp27.1t20.1x24.8x3.5x
Sat, 14 Feb 2026Rp778.9tRp191.5tRp27.2t21.2x28.7x4.1x
Mon, 12 Jan 2026Rp952.2tRp191.5tRp27.2t24x35.1x5x
Wed, 10 Dec 2025Rp926.9tRp191.5tRp27.2t24.3x34.1x4.8x
Fri, 07 Nov 2025Rp682.5tRp191.2tRp26.9t21.3x25.4x3.6x
Sun, 05 Oct 2025Rp592.4tRp191.3tRp28.9t22.5x20.5x3.1x
Tue, 02 Sep 2025Rp610.2tRp191.2tRp28.9t22.1x21.1x3.2x
Thu, 31 Jul 2025Rp582.1tRp192.1tRp27.6t20.4x21.1x3x
Sat, 28 Jun 2025Rp603.6tRp193.9tRp28.7t17.8x21x3.1x
Mon, 26 May 2025Rp618.0tRp193.7tRp28.6t18.8x21.6x3.2x
Wed, 23 Apr 2025Rp588.7tRp194.2tRp27.9t18.9x21.1x3x
Fri, 21 Mar 2025Rp567.4tRp191.6tRp28.5t22.1x19.9x3x
Sun, 16 Feb 2025Rp544.7tRp189.6tRp27.3t23.3x19.9x2.9x
Tue, 14 Jan 2025Rp556.4tRp190.7tRp28.0t23.4x19.9x2.9x
Thu, 12 Dec 2024Rp576.2tRp190.7tRp28.0t24.2x20.6x3x
Sat, 09 Nov 2024Rp608.1tRp192.7tRp29.5t22.7x20.6x3.2x
Mon, 07 Oct 2024Rp626.4tRp193.2tRp30.4t24.1x20.6x3.2x
Wed, 04 Sep 2024Rp609.4tRp193.1tRp31.4t18.9x19.4x3.2x
Fri, 02 Aug 2024Rp576.6tRp193.2tRp31.4t21.8x18.3x3x
Sun, 30 Jun 2024Rp584.9tRp192.5tRp33.0t24.7x17.7x3x
Tue, 28 May 2024Rp557.7tRp192.5tRp33.0t24.2x16.9x2.9x
Thu, 25 Apr 2024Rp572.2tRp192.1tRp33.1t24.1x17.3x3x
Sat, 23 Mar 2024Rp658.7tRp191.0tRp32.8t25.8x20.1x3.4x
Mon, 19 Feb 2024Rp689.1tRp191.1tRp32.8t22.4x21x3.6x
Wed, 17 Jan 2024Rp685.8tRp191.2tRp33.1t25.3x20.7x3.6x
Fri, 15 Dec 2023Rp685.5tRp191.1tRp33.0t21.1x20.8x3.6x
Sun, 12 Nov 2023Rp636.9tRp190.9tRp33.2t21.1x19.2x3.3x
Tue, 10 Oct 2023Rp650.1tRp189.7tRp29.8t26x21.8x3.4x
Thu, 07 Sep 2023Rp666.5tRp189.8tRp29.9t29.7x22.3x3.5x
Sat, 05 Aug 2023Rp644.0tRp189.8tRp29.9t29.2x21.6x3.4x
Mon, 03 Jul 2023Rp675.4tRp188.7tRp30.7t29.5x22x3.6x
Price to Earnings Ratio

22x


Total Market Cap: Rp675.4tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.2x202420252026
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 29.0x which is higher than its 3-year average PE of 22.2x.
  • 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 Market-2.46%
Telecom-0.44%
Telecom Services and Carriers0.32%
Alternative Carriers0.45%
Integrated Telecom Services0.29%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.4x.
    • Analysts are expecting annual earnings growth of 9.9%, 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 9.9% 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 9.9% 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 IndonesiaRp7.85k20.8%
+Rp31.9t		1,760.2%PE392.7x
LINK Link NetRp1.74k18.0%
+Rp729.8b		23.5%PS1.6x
BALI Bali Towerindo SentraRp1.25k1.6%
+Rp78.7b		-31.1%PE26.5x
CENT Centratama Telekomunikasi IndonesiaRp74.001.4%
+Rp31.2b		-19.6%PS0.9x
KBLV First MediaRp99.006.5%
+Rp10.5b		86.8%PE67.9x

Latest News

LINK
Rp1,735.00
Link Net
7D
18.0%
1Y
23.5%
BALI
Rp1,250.00
Bali Towerindo Sentra
7D
1.6%
1Y
-31.1%
TLKM
Rp2,500.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-10.1%
1Y
-7.7%
Narrative Update • Jun 23

TLKM: Share Buyback And Dividend Policy Will Support Future Upside

Analysts have trimmed their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 3,629 from IDR 3,673, citing updated assumptions for slightly lower revenue growth, a modestly softer profit margin and a higher expected future P/E multiple. What's in the News Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced an annual dividend of IDR 223.1659 per share, with an ex dividend date of June 18, 2026, a record date of June 19, 2026, and payment scheduled for July 10, 2026.
DATA
Rp2,030.00
Remala Abadi
7D
-5.6%
1Y
51.5%
TOWR
Rp390.00
Sarana Menara Nusantara
7D
-2.0%
1Y
-21.4%
Narrative Update • Jun 18

TOWR: Special Shareholder Meeting Will Support Future Share Price Upside

Analysts have reduced their fair value estimate for Sarana Menara Nusantara to IDR950 from IDR1,025, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Sarana Menara Nusantara PT Sarana Menara Nusantara Tbk has scheduled a Special or Extraordinary Shareholders Meeting for May 20, 2026.
GHON
Rp1,615.00
Gihon Telekomunikasi Indonesia
7D
-7.7%
1Y
3.5%
TBIG
Rp1,400.00
Tower Bersama Infrastructure
7D
-1.8%
1Y
-32.4%
KBLV
Rp99.00
First Media
7D
6.5%
1Y
86.8%
KETR
Rp540.00
Ketrosden Triasmitra
7D
-2.7%
1Y
171.4%
MORA
Rp7,850.00
Mora Telematika Indonesia
7D
20.8%
1Y
1,760.2%
GOLD
Rp244.00
Visi Telekomunikasi Infrastruktur
7D
-11.6%
1Y
2.5%
MTEL
Rp482.00
Dayamitra Telekomunikasi
7D
-3.6%
1Y
-13.2%
CENT
Rp74.00
Centratama Telekomunikasi Indonesia
7D
1.4%
1Y
-19.6%