Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indonesian (IDX) Integrated Telecom Services Industry Analysis

UpdatedJan 28, 2026
DataAggregated Company Financials
Companies13
  • 7D8.4%
  • 3M82.5%
  • 1Y111.1%
  • YTDn/a

In the last week, the Integrated Telecom Services industry is up 4.1%, with Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia leading the way, up 6.4%. During this same period, the Tower Bersama Infrastructure underperformed, falling 11%. This takes the industry's 12 month performance to a gain of 102%. Looking forward, earnings are forecast to grow by 6.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Jan 2026Rp917.0tRp185.8tRp27.3t22.5x33.6x4.9x
Fri, 26 Dec 2025Rp750.4tRp185.8tRp27.3t24.2x27.5x4x
Sun, 23 Nov 2025Rp637.0tRp185.8tRp27.3t22x23.4x3.4x
Tue, 21 Oct 2025Rp454.6tRp186.0tRp29.2t22.8x15.6x2.4x
Thu, 18 Sep 2025Rp485.5tRp186.0tRp29.2t22.9x16.6x2.6x
Sat, 16 Aug 2025Rp495.3tRp186.1tRp29.3t21.1x16.9x2.7x
Mon, 14 Jul 2025Rp417.1tRp187.3tRp28.1t18.1x14.8x2.2x
Wed, 11 Jun 2025Rp493.5tRp189.1tRp29.3t19.4x16.8x2.6x
Fri, 09 May 2025Rp459.5tRp188.9tRp29.2t19.4x15.7x2.4x
Sun, 06 Apr 2025Rp430.3tRp189.8tRp27.7t20.8x15.5x2.3x
Tue, 04 Mar 2025Rp444.3tRp187.1tRp29.3t25.2x15.2x2.4x
Thu, 30 Jan 2025Rp428.0tRp185.2tRp28.1t26.2x15.2x2.3x
Sat, 28 Dec 2024Rp432.0tRp185.2tRp28.2t23.7x15.3x2.3x
Mon, 25 Nov 2024Rp475.7tRp187.1tRp29.2t23.5x16.3x2.5x
Wed, 23 Oct 2024Rp506.5tRp187.5tRp30.4t23.3x16.7x2.7x
Fri, 20 Sep 2024Rp525.6tRp187.4tRp31.4t23.2x16.7x2.8x
Sun, 18 Aug 2024Rp504.7tRp187.4tRp31.4t17.7x16.1x2.7x
Tue, 16 Jul 2024Rp528.6tRp186.8tRp32.0t21.8x16.5x2.8x
Thu, 13 Jun 2024Rp484.8tRp186.8tRp32.9t24x14.7x2.6x
Sat, 11 May 2024Rp501.5tRp186.8tRp32.9t23.2x15.2x2.7x
Mon, 08 Apr 2024Rp499.2tRp183.1tRp32.0t25.9x15.6x2.7x
Wed, 06 Mar 2024Rp591.3tRp185.3tRp32.3t22.7x18.3x3.2x
Fri, 02 Feb 2024Rp614.1tRp185.3tRp32.3t21.5x19x3.3x
Sun, 31 Dec 2023Rp614.7tRp185.3tRp32.3t20.8x19x3.3x
Tue, 28 Nov 2023Rp585.4tRp184.9tRp32.2t21.4x18.2x3.2x
Thu, 26 Oct 2023Rp568.9tRp184.1tRp28.7t21.6x19.8x3.1x
Sat, 23 Sep 2023Rp590.6tRp184.1tRp28.7t22.7x20.6x3.2x
Mon, 21 Aug 2023Rp592.4tRp184.1tRp28.7t24.2x20.7x3.2x
Wed, 19 Jul 2023Rp593.6tRp183.1tRp29.4t23.3x20.2x3.2x
Fri, 16 Jun 2023Rp610.3tRp183.1tRp29.4t24.2x20.8x3.3x
Sun, 14 May 2023Rp607.6tRp183.2tRp29.5t23.1x20.6x3.3x
Tue, 11 Apr 2023Rp636.7tRp181.6tRp27.6t24.6x23x3.5x
Thu, 09 Mar 2023Rp613.7tRp179.7tRp29.5t21.9x20.8x3.4x
Sat, 04 Feb 2023Rp606.2tRp179.7tRp29.5t22.7x20.5x3.4x
Price to Earnings Ratio

20.5x


Total Market Cap: Rp606.2tTotal Earnings: Rp29.5tTotal Revenue: Rp179.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Integrated Telecom Services Industry Price to Earnings3Y Average 18.2x202420252026
Current Industry PE
  • Investors are optimistic on the Indonesian Integrated Telecommunication Services 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 18.2x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Integrated Telecommunication Services industry have declined 2.6% 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 Comparison

How does Indonesian Integrated Telecom Services compare with similar industries?

ID Market-1.45%
Telecom4.71%
Telecom Services and Carriers6.93%
Integrated Telecom Services8.37%
Alternative Carriers-1.75%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MORA Mora Telematika IndonesiaRp15.78k13.3%
+Rp43.7t		3,863.6%PE1337.9x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.94k9.4%
+Rp33.7t		46.5%PE17.9x
TOWR Sarana Menara NusantaraRp600.007.1%
+Rp2.3t		-11.8%PE10.1x
JAST PT. Jasnita TelekomindoRp132.0025.7%
+Rp29.2b		109.5%PS0.7x
GHON Gihon Telekomunikasi IndonesiaRp1.83k1.7%
+Rp16.5b		16.2%PE11.8x

Latest News

JAST
Rp132.00
PT. Jasnita Telekomindo
7D
25.7%
1Y
109.5%
TLKM
Rp3,940.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
9.4%
1Y
46.5%

TLKM: Infrastructure Spinoff And Streamlining Will Unlock Future Capital Benefits

Analysts have nudged their fair value estimate for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia slightly higher to IDR 4,500, citing updated assumptions on growth, margins and future P/E, along with recent Street research highlighting potential capital benefits from the company’s infrastructure spinoff and streamlining plans. Analyst Commentary Recent Street commentary has turned more constructive on Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia, with bullish analysts pointing to valuation support and potential capital benefits from the planned infrastructure spinoff and streamlining efforts.
TOWR
Rp600.00
Sarana Menara Nusantara
7D
7.1%
1Y
-11.8%

TOWR: Higher Required Returns Will Still Support Upside With Firm Margins

Narrative Update Analysts have trimmed their fair value estimate for Sarana Menara Nusantara to Rp813 from around Rp847, pointing to slightly higher discount rate assumptions and more measured revenue growth expectations, partly offset by a small uplift in projected profit margins and a modestly lower future P/E multiple. Valuation Changes Fair Value: trimmed from IDR846.92 to IDR813.33 per share, a small reduction in the central estimate.
IBST
Rp5,300.00
Inti Bangun Sejahtera
7D
-1.4%
1Y
-1.4%
DATA
Rp4,800.00
Remala Abadi
7D
-6.3%
1Y
209.7%
GHON
Rp1,830.00
Gihon Telekomunikasi Indonesia
7D
1.7%
1Y
16.2%
BALI
Rp1,405.00
Bali Towerindo Sentra
7D
-11.6%
1Y
-10.8%
MTEL
Rp585.00
Dayamitra Telekomunikasi
7D
-4.9%
1Y
-14.6%
TBIG
Rp2,020.00
Tower Bersama Infrastructure
7D
-9.4%
1Y
1.0%
GOLD
Rp342.00
Visi Telekomunikasi Infrastruktur
7D
-1.2%
1Y
26.7%
CENT
Rp153.00
Centratama Telekomunikasi Indonesia
7D
-10.0%
1Y
247.7%
KBLV
Rp174.00
First Media
7D
-5.4%
1Y
104.7%
MORA
Rp15,775.00
Mora Telematika Indonesia
7D
13.3%
1Y
3,863.6%