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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedSep 10, 2026
DataAggregated Company Financials
Companies15
  • 7D1.8%
  • 3M-6.6%
  • 1Y30.0%
  • YTD-35.6%

Over the last 7 days, the Telecom Services and Carriers industry has risen 1.8%, driven by gains from Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia of 2.7%. During this same period, the Bali Towerindo Sentra underperformed, falling 9.3%. This means that the industry has gained 30% over the past year. Earnings are forecast to grow by 8.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 10 Sep 2026Rp785.2tRp195.2tRp23.6t19.8x33.3x4x
Sat, 08 Aug 2026Rp763.8tRp195.3tRp23.7t21.4x32.3x3.9x
Mon, 06 Jul 2026Rp667.5tRp192.6tRp23.4t23.3x28.5x3.5x
Wed, 03 Jun 2026Rp717.5tRp192.3tRp23.1t20.1x31.1x3.7x
Fri, 01 May 2026Rp663.5tRp192.4tRp28.3t23.4x23.5x3.4x
Sun, 29 Mar 2026Rp675.5tRp191.7tRp27.4t19.4x24.7x3.5x
Tue, 24 Feb 2026Rp793.0tRp191.3tRp27.1t20.8x29.2x4.1x
Thu, 22 Jan 2026Rp983.9tRp191.5tRp27.2t23.1x36.2x5.1x
Sat, 20 Dec 2025Rp879.1tRp191.5tRp27.2t22.5x32.4x4.6x
Mon, 17 Nov 2025Rp777.6tRp191.5tRp27.2t21.6x28.6x4.1x
Wed, 15 Oct 2025Rp596.7tRp191.3tRp28.9t21.5x20.7x3.1x
Fri, 12 Sep 2025Rp595.9tRp191.1tRp28.8t21.9x20.7x3.1x
Sun, 10 Aug 2025Rp582.3tRp190.9tRp28.8t21.5x20.3x3x
Tue, 08 Jul 2025Rp596.5tRp193.9tRp28.6t18.1x20.9x3.1x
Thu, 05 Jun 2025Rp630.1tRp193.9tRp28.7t18.5x22x3.3x
Sat, 03 May 2025Rp609.1tRp193.4tRp28.6t19.4x21.3x3.2x
Mon, 31 Mar 2025Rp564.8tRp191.9tRp28.7t21.9x19.7x2.9x
Wed, 26 Feb 2025Rp587.8tRp191.4tRp28.4t24.2x20.7x3.1x
Fri, 24 Jan 2025Rp568.7tRp190.7tRp28.0t26.6x20.3x3x
Sun, 22 Dec 2024Rp537.4tRp190.7tRp28.0t21.4x19.2x2.8x
Tue, 19 Nov 2024Rp585.9tRp192.6tRp29.1t23x20.1x3x
Thu, 17 Oct 2024Rp640.0tRp193.2tRp30.4t22.8x21.1x3.3x
Sat, 14 Sep 2024Rp656.9tRp193.1tRp31.4t22.2x20.9x3.4x
Mon, 12 Aug 2024Rp566.7tRp193.1tRp31.4t17.8x18x2.9x
Wed, 10 Jul 2024Rp586.7tRp192.5tRp32.0t21.7x18.3x3x
Fri, 07 Jun 2024Rp574.9tRp192.5tRp33.0t25.1x17.4x3x
Sun, 05 May 2024Rp577.8tRp192.2tRp33.0t23.5x17.5x3x
Tue, 02 Apr 2024Rp621.3tRp190.4tRp33.6t25.1x18.5x3.3x
Thu, 29 Feb 2024Rp676.2tRp191.1tRp32.8t22.9x20.6x3.5x
Sat, 27 Jan 2024Rp677.9tRp191.2tRp33.1t23.1x20.5x3.5x
Mon, 25 Dec 2023Rp689.5tRp191.1tRp33.0t23.1x20.9x3.6x
Wed, 22 Nov 2023Rp644.8tRp190.9tRp33.2t21x19.4x3.4x
Fri, 20 Oct 2023Rp644.2tRp189.7tRp29.8t23.6x21.6x3.4x
Sun, 17 Sep 2023Rp651.9tRp189.8tRp29.9t28.7x21.8x3.4x
Price to Earnings Ratio

21.8x


Total Market Cap: Rp651.9tTotal Earnings: Rp29.9tTotal Revenue: Rp189.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.9x202420252026
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 33.3x which is higher than its 3-year average PE of 22.9x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 7.6% 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 Market1.28%
Telecom1.31%
Telecom Services and Carriers1.76%
Integrated Telecom Services1.97%
Alternative Carriers0.86%
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
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp2.63k1.2%
+Rp3.0t		-14.6%PE14.4x
MTEL Dayamitra TelekomunikasiRp494.002.5%
+Rp969.6b		-14.1%PE18.7x
TOWR Sarana Menara NusantaraRp458.002.7%
+Rp697.2b		-21.7%PE6.9x
DNET Indoritel Makmur InternasionalRp10.00k0.3%
+Rp354.6b		10.5%PE127.4x
LINK Link NetRp1.67k7.4%
+Rp316.7b		-44.3%PS1.6x

Latest News

TLKM
Rp2,630.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
1.2%
1Y
-14.6%
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
Rp1,290.00
Bali Towerindo Sentra
7D
-7.9%
1Y
-4.4%
TOWR
Rp458.00
Sarana Menara Nusantara
7D
2.7%
1Y
-21.7%
KETR
Rp930.00
Ketrosden Triasmitra
7D
10.1%
1Y
57.6%
JAST
Rp94.00
PT. Jasnita Telekomindo
7D
-2.1%
1Y
-3.1%
CENT
Rp109.00
Centratama Telekomunikasi Indonesia
7D
7.9%
1Y
-7.6%
LINK
Rp1,665.00
Link Net
7D
7.4%
1Y
-44.3%
MORA
Rp5,325.00
Mora Telematika Indonesia
7D
-1.4%
1Y
1,132.6%
KBLV
Rp131.00
First Media
7D
-3.7%
1Y
-46.3%
DNET
Rp10,000.00
Indoritel Makmur Internasional
7D
0.3%
1Y
10.5%
TBIG
Rp1,485.00
Tower Bersama Infrastructure
7D
-1.7%
1Y
-19.3%
GHON
Rp1,675.00
Gihon Telekomunikasi Indonesia
7D
2.1%
1Y
2.4%
DATA
Rp1,805.00
Remala Abadi
7D
-1.4%
1Y
-63.9%
MTEL
Rp494.00
Dayamitra Telekomunikasi
7D
2.5%
1Y
-14.1%