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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedAug 06, 2026
DataAggregated Company Financials
Companies15
  • 7D-1.9%
  • 3M-8.2%
  • 1Y31.1%
  • YTD-36.2%

The Telecom Services and Carriers industry is up 1.8% in the last week, with Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia up 5.9%. During this same period, the Mora Telematika Indonesia underperformed, falling 11%. This means that the industry has gained 37% over the past year. As for the next few years, earnings are expected to grow by 8.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Aug 2026Rp777.8tRp195.3tRp23.7t21.4x32.9x4x
Sat, 04 Jul 2026Rp667.5tRp192.6tRp23.4t23.3x28.5x3.5x
Mon, 01 Jun 2026Rp744.2tRp192.3tRp23.1t20.3x32.2x3.9x
Wed, 29 Apr 2026Rp672.7tRp192.4tRp28.3t23.4x23.8x3.5x
Fri, 27 Mar 2026Rp688.3tRp191.7tRp27.4t19.5x25.1x3.6x
Sun, 22 Feb 2026Rp793.5tRp191.3tRp27.1t20.8x29.3x4.1x
Tue, 20 Jan 2026Rp994.1tRp191.5tRp27.2t23.9x36.6x5.2x
Thu, 18 Dec 2025Rp913.3tRp191.5tRp27.2t23.5x33.6x4.8x
Sat, 15 Nov 2025Rp777.6tRp191.2tRp26.9t21.6x28.9x4.1x
Mon, 13 Oct 2025Rp603.0tRp191.3tRp28.9t21.7x20.9x3.2x
Wed, 10 Sep 2025Rp594.4tRp191.1tRp28.8t22.7x20.7x3.1x
Fri, 08 Aug 2025Rp584.8tRp190.9tRp28.8t21.5x20.3x3.1x
Sun, 06 Jul 2025Rp595.9tRp193.9tRp28.6t18.1x20.9x3.1x
Tue, 03 Jun 2025Rp628.2tRp193.9tRp28.7t19.4x21.9x3.2x
Thu, 01 May 2025Rp609.2tRp194.2tRp27.9t19.8x21.9x3.1x
Sat, 29 Mar 2025Rp564.8tRp191.9tRp28.7t21.9x19.7x2.9x
Mon, 24 Feb 2025Rp617.7tRp191.4tRp28.4t24.8x21.7x3.2x
Wed, 22 Jan 2025Rp556.0tRp190.7tRp28.0t25.8x19.9x2.9x
Fri, 20 Dec 2024Rp537.3tRp190.7tRp28.0t21x19.2x2.8x
Sun, 17 Nov 2024Rp582.8tRp192.6tRp29.1t22.5x20x3x
Tue, 15 Oct 2024Rp634.4tRp193.2tRp30.4t23.5x20.9x3.3x
Thu, 12 Sep 2024Rp680.9tRp193.1tRp31.4t22.4x21.7x3.5x
Sat, 10 Aug 2024Rp568.0tRp193.1tRp31.4t17.8x18.1x2.9x
Mon, 08 Jul 2024Rp573.7tRp192.5tRp32.0t22.4x17.9x3x
Wed, 05 Jun 2024Rp554.9tRp192.5tRp33.0t25.1x16.8x2.9x
Fri, 03 May 2024Rp575.3tRp192.3tRp33.1t24.6x17.4x3x
Sun, 31 Mar 2024Rp619.4tRp190.4tRp33.8t25.2x18.3x3.3x
Tue, 27 Feb 2024Rp686.0tRp191.1tRp32.8t24.3x20.9x3.6x
Thu, 25 Jan 2024Rp678.1tRp191.2tRp33.1t21.9x20.5x3.5x
Sat, 23 Dec 2023Rp684.6tRp191.1tRp33.0t23.1x20.7x3.6x
Mon, 20 Nov 2023Rp641.2tRp190.9tRp33.2t21.2x19.3x3.4x
Wed, 18 Oct 2023Rp658.1tRp189.7tRp29.8t26x22.1x3.5x
Fri, 15 Sep 2023Rp658.8tRp189.8tRp29.9t29.1x22.1x3.5x
Sun, 13 Aug 2023Rp656.7tRp189.8tRp29.9t30.1x22x3.5x
Price to Earnings Ratio

22x


Total Market Cap: Rp656.7tTotal Earnings: Rp29.9tTotal Revenue: Rp189.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.6x202420252026
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 34.6x which is higher than its 3-year average PE of 22.6x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 7.5% 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 Market3.87%
Telecom-0.68%
Telecom Services and Carriers-1.95%
Alternative Carriers1.10%
Integrated Telecom Services-2.62%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.6x.
    • Analysts are expecting annual earnings growth of 8.6%, 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 8.6% 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 8.6% 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 IndonesiaRp2.71k5.9%
+Rp14.1t		-9.4%PE14.9x
DNET Indoritel Makmur InternasionalRp9.80k1.0%
+Rp1.4t		4.3%PE124.8x
TBIG Tower Bersama InfrastructureRp1.42k2.5%
+Rp790.7b		-26.5%PE22.2x
KETR Ketrosden TriasmitraRp615.0010.8%
+Rp170.5b		156.3%PE24x
TOWR Sarana Menara NusantaraRp406.000.5%
+Rp116.2b		-33.4%PE6.1x

Latest News

TLKM
Rp2,710.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
5.9%
1Y
-9.4%
Narrative Update • Aug 04

TLKM: Dividend And Share Buyback Will Support Future Upside

Analysts have trimmed their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia to IDR 3,533 from IDR 3,629, citing slightly softer assumptions for long term revenue growth, profit margins, and future P/E multiples. What's in the News for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk announced an annual dividend of IDR 223.1659 per share, with an ex dividend date on June 18, 2026, a record date on June 19, 2026, and payment scheduled for July 10, 2026.
MORA
Rp5,500.00
Mora Telematika Indonesia
7D
-10.9%
1Y
1,347.4%
DNET
Rp9,800.00
Indoritel Makmur Internasional
7D
1.0%
1Y
4.3%
BALI
Rp1,225.00
Bali Towerindo Sentra
7D
1.2%
1Y
-7.9%
TBIG
Rp1,415.00
Tower Bersama Infrastructure
7D
2.5%
1Y
-26.5%
GHON
Rp1,625.00
Gihon Telekomunikasi Indonesia
7D
-1.2%
1Y
0.3%
CENT
Rp81.00
Centratama Telekomunikasi Indonesia
7D
3.8%
1Y
-15.6%
TOWR
Rp406.00
Sarana Menara Nusantara
7D
0.5%
1Y
-33.4%
KETR
Rp615.00
Ketrosden Triasmitra
7D
10.8%
1Y
156.3%
DATA
Rp1,970.00
Remala Abadi
7D
1.0%
1Y
4.5%
MTEL
Rp446.00
Dayamitra Telekomunikasi
7D
-1.8%
1Y
-27.5%
LINK
Rp1,385.00
Link Net
7D
-0.4%
1Y
-30.8%