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Indonesian (IDX) Telecom Services and Carriers Industry Analysis

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies16
  • 7D2.0%
  • 3M50.6%
  • 1Y58.6%
  • YTD60.9%

Over the last 7 days, the Telecom Services and Carriers industry has risen 2.0%, driven by gains from Mora Telematika Indonesia of 16%. In the last 12 months, the industry was up 59%. Earnings are forecast to grow by 6.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025Rp911.1tRp191.5tRp27.2t24.3x33.6x4.8x
Tue, 11 Nov 2025Rp692.3tRp191.2tRp26.9t21.6x25.7x3.6x
Thu, 09 Oct 2025Rp590.8tRp191.3tRp28.9t21.9x20.5x3.1x
Sat, 06 Sep 2025Rp610.3tRp191.1tRp28.8t22.5x21.2x3.2x
Mon, 04 Aug 2025Rp590.2tRp190.8tRp28.4t21.5x20.8x3.1x
Wed, 02 Jul 2025Rp603.6tRp193.9tRp28.7t18.1x21x3.1x
Fri, 30 May 2025Rp631.3tRp193.7tRp28.6t19.7x22x3.3x
Sun, 27 Apr 2025Rp598.7tRp194.2tRp27.9t19.2x21.5x3.1x
Tue, 25 Mar 2025Rp556.5tRp191.6tRp28.5t21.5x19.5x2.9x
Thu, 20 Feb 2025Rp573.1tRp189.6tRp27.3t24.7x21x3x
Sat, 18 Jan 2025Rp554.5tRp190.7tRp28.0t24.6x19.8x2.9x
Mon, 16 Dec 2024Rp568.0tRp190.7tRp28.0t21.6x20.3x3x
Wed, 13 Nov 2024Rp588.0tRp192.7tRp29.5t21.9x19.9x3.1x
Fri, 11 Oct 2024Rp632.9tRp193.2tRp30.4t23.9x20.8x3.3x
Sun, 08 Sep 2024Rp643.3tRp193.1tRp31.4t18.2x20.5x3.3x
Tue, 06 Aug 2024Rp560.7tRp193.1tRp31.5t18.3x17.8x2.9x
Thu, 04 Jul 2024Rp575.4tRp192.5tRp33.0t25.1x17.4x3x
Sat, 01 Jun 2024Rp545.2tRp192.5tRp33.0t24.8x16.5x2.8x
Mon, 29 Apr 2024Rp566.7tRp192.1tRp33.1t24.4x17.1x2.9x
Wed, 27 Mar 2024Rp630.7tRp190.5tRp33.7t25.4x18.7x3.3x
Fri, 23 Feb 2024Rp685.6tRp191.1tRp32.8t24.5x20.9x3.6x
Sun, 21 Jan 2024Rp673.9tRp191.2tRp33.1t24.2x20.4x3.5x
Tue, 19 Dec 2023Rp683.3tRp191.1tRp33.0t20.7x20.7x3.6x
Thu, 16 Nov 2023Rp640.4tRp190.9tRp33.2t21.8x19.3x3.4x
Sat, 14 Oct 2023Rp657.3tRp189.7tRp29.8t26x22.1x3.5x
Mon, 11 Sep 2023Rp656.2tRp189.8tRp29.9t29.5x22x3.5x
Wed, 09 Aug 2023Rp648.7tRp189.8tRp29.9t29.7x21.7x3.4x
Fri, 07 Jul 2023Rp673.2tRp188.7tRp30.7t29.2x22x3.6x
Sun, 04 Jun 2023Rp675.9tRp188.7tRp30.7t29.4x22x3.6x
Tue, 02 May 2023Rp702.5tRp188.0tRp31.1t25.4x22.6x3.7x
Thu, 30 Mar 2023Rp689.9tRp187.0tRp29.4t26x23.5x3.7x
Sat, 25 Feb 2023Rp694.0tRp185.2tRp31.4t22.8x22.1x3.7x
Mon, 23 Jan 2023Rp673.2tRp185.2tRp31.4t21.6x21.4x3.6x
Wed, 21 Dec 2022Rp668.3tRp185.2tRp31.4t24.1x21.3x3.6x
Price to Earnings Ratio

21.3x


Total Market Cap: Rp668.3tTotal Earnings: Rp31.4tTotal Revenue: Rp185.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Telecom Services and Carriers Industry Price to Earnings3Y Average 20.9x202320242025
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 33.6x which is higher than its 3-year average PE of 20.9x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.8x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 4.8% 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-0.058%
Telecom2.48%
Telecom Services and Carriers2.04%
Integrated Telecom Services2.51%
Alternative Carriers-0.42%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 17.9x.
    • Analysts are expecting annual earnings growth of 6.5%, 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 6.5% 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 6.5% 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 IndonesiaRp11.33k16.5%
+Rp37.8t		2,977.4%PE960.5x
KETR Ketrosden TriasmitraRp1.26k62.6%
+Rp1.4t		581.1%PE26.3x
BALI Bali Towerindo SentraRp1.74k21.3%
+Rp1.2t		26.1%PE38.5x
IBST Inti Bangun SejahteraRp4.83k0.8%
+Rp54.0b		-4.4%PE16.5x
GOLD Visi Telekomunikasi InfrastrukturRp336.005.7%
+Rp23.0b		18.3%PE24.3x

Latest News

BALI
Rp1,740.00
Bali Towerindo Sentra
7D
21.3%
1Y
26.1%
GOLD
Rp336.00
Visi Telekomunikasi Infrastruktur
7D
5.7%
1Y
18.3%
TLKM
Rp3,550.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-4.1%
1Y
27.2%

TLKM: Infrastructure Spinoff And EGM Decisions Will Shape 2025 Margin Outlook

Analysts have raised their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 3,656.96 to IDR 3,801.82, citing increasing confidence that the market is underestimating potential capital unlocked from ongoing infrastructure spinoff and streamlining initiatives. Analyst Commentary Bullish analysts highlight that the recent upgrade reflects growing conviction that the market is underestimating the value that could be realized from Telekom Indonesia's infrastructure spinoff and operational streamlining.
TOWR
Rp540.00
Sarana Menara Nusantara
7D
-2.7%
1Y
-21.7%

TOWR: Share Buyback Will Drive Continued Upside Amid Stable Margins

Analysts have modestly increased their price target for Sarana Menara Nusantara to Rp846.92 from Rp845.38. This reflects slightly higher long term valuation multiples, despite marginally softer expectations for revenue growth and profit margins, as well as a reduced implied fair value uplift when adjusted for a higher discount rate.
KETR
Rp1,260.00
Ketrosden Triasmitra
7D
62.6%
1Y
581.1%
DATA
Rp4,100.00
Remala Abadi
7D
-10.3%
1Y
419.0%
CENT
Rp155.00
Centratama Telekomunikasi Indonesia
7D
-5.5%
1Y
229.8%
LINK
Rp4,190.00
Link Net
7D
-12.3%
1Y
218.6%
MTEL
Rp610.00
Dayamitra Telekomunikasi
7D
-3.2%
1Y
-10.3%
DNET
Rp8,975.00
Indoritel Makmur Internasional
7D
-0.3%
1Y
-1.4%
TBIG
Rp1,900.00
Tower Bersama Infrastructure
7D
-4.3%
1Y
-4.3%
MORA
Rp11,325.00
Mora Telematika Indonesia
7D
16.5%
1Y
2,977.4%
IBST
Rp4,830.00
Inti Bangun Sejahtera
7D
0.8%
1Y
-4.4%
JAST
Rp105.00
PT. Jasnita Telekomindo
7D
1.0%
1Y
101.9%