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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies16
  • 7D5.8%
  • 3M-0.9%
  • 1Y27.0%
  • YTD-20.8%

Over the last 7 days, the Telecom Services and Carriers industry has risen 5.8%, driven by gains from Indoritel Makmur Internasional of 15%. This takes the industry's 12 month performance to a gain of 27%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Tue, 11 Jul 2023Rp672.0tRp188.7tRp30.7t29.2x21.9x3.6x
Thu, 08 Jun 2023Rp686.9tRp188.7tRp30.7t28.8x22.4x3.6x
Price to Earnings Ratio

22.4x


Total Market Cap: Rp686.9tTotal Earnings: Rp30.7tTotal Revenue: Rp188.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 22x202420252026
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 32.2x which is higher than its 3-year average PE of 22.0x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 9.0% 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 Market0.87%
Telecom3.71%
Telecom Services and Carriers5.78%
Alternative Carriers14.49%
Integrated Telecom Services3.62%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.3x.
    • Analysts are expecting annual earnings growth of 13.5%, 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 14% 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 14% 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 InternasionalRp10.95k15.3%
+Rp20.6t		10.3%PE120.9x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.03k3.8%
+Rp10.3t		7.4%PE18x
MORA Mora Telematika IndonesiaRp6.90k3.0%
+Rp4.7t		1,550.7%PE345.2x
TBIG Tower Bersama InfrastructureRp1.53k14.7%
+Rp4.4t		-30.7%PE24.5x
MTEL Dayamitra TelekomunikasiRp520.003.0%
+Rp1.2t		-14.0%PE19.7x

Latest News

TBIG
Rp1,525.00
Tower Bersama Infrastructure
7D
14.7%
1Y
-30.7%
TOWR
Rp380.00
Sarana Menara Nusantara
7D
-4.0%
1Y
-35.0%
JAST
Rp88.00
PT. Jasnita Telekomindo
7D
7.3%
1Y
49.2%
TLKM
Rp3,030.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
3.8%
1Y
7.4%
Narrative Update • May 25

TLKM: Share Buyback And Governance Delays Will Shape Fairly Valued Outlook

Analysts now see fair value for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia at about IDR 3,023.79 per share, down from roughly IDR 3,169.91, reflecting updated assumptions for slower revenue growth, slightly higher profit margins, and a modestly lower future P/E multiple. What's in the News Announced a share repurchase program to buy back up to 10% of issued share capital, with funding of IDR 1,000,000 million sourced from existing cash, subject to shareholder approval at the General Meeting scheduled for June 8, 2026 (Key Developments).
GHON
Rp1,805.00
Gihon Telekomunikasi Indonesia
7D
2.8%
1Y
4.6%
KETR
Rp590.00
Ketrosden Triasmitra
7D
-0.8%
1Y
195.0%
LINK
Rp1,130.00
Link Net
7D
-8.5%
1Y
-24.7%
DNET
Rp10,950.00
Indoritel Makmur Internasional
7D
15.3%
1Y
10.3%
MORA
Rp6,900.00
Mora Telematika Indonesia
7D
3.0%
1Y
1,550.7%
MTEL
Rp520.00
Dayamitra Telekomunikasi
7D
3.0%
1Y
-14.0%
BALI
Rp1,225.00
Bali Towerindo Sentra
7D
-2.0%
1Y
-5.8%
CENT
Rp81.00
Centratama Telekomunikasi Indonesia
7D
6.6%
1Y
-15.6%