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Indonesian (IDX) Integrated Telecom Services Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies13
  • 7D1.7%
  • 3M73.9%
  • 1Y87.7%
  • YTDn/a

Over the last 7 days, the Integrated Telecom Services industry has risen 1.7%, driven by gains from Mora Telematika Indonesia of 9.0%. Meanwhile, Tower Bersama Infrastructure actually underperformed within the industry, shrinking 10% in the last week. In the last 12 months, the industry was up 88%. As for the next few years, earnings are expected to grow by 6.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026Rp811.0tRp185.8tRp27.3t23.1x29.7x4.4x
Wed, 10 Dec 2025Rp783.7tRp185.8tRp27.3t24.1x28.7x4.2x
Fri, 07 Nov 2025Rp545.5tRp185.7tRp27.3t21.3x20x2.9x
Sun, 05 Oct 2025Rp452.3tRp186.0tRp29.2t22.5x15.5x2.4x
Tue, 02 Sep 2025Rp465.4tRp186.1tRp29.3t22.1x15.9x2.5x
Thu, 31 Jul 2025Rp437.4tRp187.3tRp28.1t20.4x15.6x2.3x
Sat, 28 Jun 2025Rp464.4tRp189.1tRp29.3t17.8x15.8x2.5x
Mon, 26 May 2025Rp472.7tRp188.9tRp29.2t18.8x16.2x2.5x
Wed, 23 Apr 2025Rp451.1tRp189.7tRp28.5t18.9x15.8x2.4x
Fri, 21 Mar 2025Rp429.8tRp187.2tRp29.3t22.1x14.7x2.3x
Sun, 16 Feb 2025Rp407.9tRp185.2tRp28.1t23.3x14.5x2.2x
Tue, 14 Jan 2025Rp422.9tRp185.2tRp28.1t23.4x15x2.3x
Thu, 12 Dec 2024Rp442.9tRp185.2tRp28.1t24.2x15.7x2.4x
Sat, 09 Nov 2024Rp475.4tRp187.1tRp29.2t22.7x16.3x2.5x
Mon, 07 Oct 2024Rp493.0tRp187.5tRp30.4t24.1x16.2x2.6x
Wed, 04 Sep 2024Rp515.6tRp187.4tRp31.4t18.9x16.4x2.8x
Fri, 02 Aug 2024Rp500.8tRp187.4tRp31.3t21.8x16x2.7x
Sun, 30 Jun 2024Rp510.8tRp186.8tRp32.9t24.7x15.5x2.7x
Tue, 28 May 2024Rp488.2tRp186.8tRp32.9t24.2x14.8x2.6x
Thu, 25 Apr 2024Rp504.3tRp186.4tRp32.8t24.1x15.4x2.7x
Sat, 23 Mar 2024Rp590.0tRp185.2tRp32.3t25.8x18.3x3.2x
Mon, 19 Feb 2024Rp622.0tRp185.3tRp32.3t22.4x19.3x3.4x
Wed, 17 Jan 2024Rp616.3tRp185.3tRp32.3t25.3x19.1x3.3x
Fri, 15 Dec 2023Rp615.8tRp185.2tRp32.3t21.1x19.1x3.3x
Sun, 12 Nov 2023Rp567.9tRp184.9tRp32.2t21.1x17.6x3.1x
Tue, 10 Oct 2023Rp580.2tRp184.1tRp28.7t22.5x20.2x3.2x
Thu, 07 Sep 2023Rp598.2tRp184.1tRp28.7t23.7x20.9x3.2x
Sat, 05 Aug 2023Rp577.5tRp184.1tRp28.7t23.9x20.1x3.1x
Mon, 03 Jul 2023Rp611.3tRp183.1tRp29.4t24.1x20.8x3.3x
Wed, 31 May 2023Rp622.7tRp183.2tRp29.4t24.6x21.2x3.4x
Fri, 28 Apr 2023Rp648.4tRp181.7tRp29.2t24.4x22.2x3.6x
Sun, 26 Mar 2023Rp620.2tRp180.0tRp29.7t23.2x20.9x3.4x
Tue, 21 Feb 2023Rp603.9tRp179.7tRp29.5t22.3x20.5x3.4x
Thu, 19 Jan 2023Rp614.7tRp179.7tRp29.5t21.8x20.8x3.4x
Price to Earnings Ratio

20.8x


Total Market Cap: Rp614.7tTotal Earnings: Rp29.5tTotal Revenue: Rp179.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Integrated Telecom Services Industry Price to Earnings3Y Average 18.1x202420252026
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 29.7x which is higher than its 3-year average PE of 18.1x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 4.4x.
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 Market1.79%
Telecom1.42%
Telecom Services and Carriers1.35%
Integrated Telecom Services1.67%
Alternative Carriers-0.44%
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 IndonesiaRp13.00k9.0%
+Rp25.4t		3,150.0%PE1102.5x
DATA Remala AbadiRp5.53k25.6%
+Rp1.5t		622.2%PE69.7x
IBST Inti Bangun SejahteraRp5.15k4.0%
+Rp270.2b		-8.4%PE17.6x
CENT Centratama Telekomunikasi IndonesiaRp158.001.3%
+Rp62.4b		222.4%PS2x
GHON Gihon Telekomunikasi IndonesiaRp1.71k4.3%
+Rp38.5b		8.6%PE11x

Latest News

TLKM
Rp3,450.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
-0.6%
1Y
28.7%

TLKM: Infrastructure Spinoff And Streamlining Will Unlock Future Capital Upside

Analysts have lifted their price target for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia from IDR 3,900 to about IDR 4,497, citing expectations that the market is still not fully reflecting the potential capital benefits from the company’s infrastructure spinoff and streamlining plans. Analyst Commentary Recent research has highlighted a more constructive tone around Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia, with some bullish analysts revisiting their valuation frameworks in light of the planned infrastructure spinoff and broader streamlining plans.
DATA
Rp5,525.00
Remala Abadi
7D
25.6%
1Y
622.2%
TOWR
Rp570.00
Sarana Menara Nusantara
7D
-2.6%
1Y
-15.6%

TOWR: Higher Rate Assumptions Will Balance Margin Pressure And Earnings Multiple

Analysts have trimmed their fair value estimate for Sarana Menara Nusantara from Rp700 to Rp600, citing updated assumptions that include a higher discount rate, different revenue growth expectations, a slightly lower profit margin, and a higher future P/E multiple. Valuation Changes Fair Value Estimate reduced from IDR700 to IDR600, a reduction of IDR100 per share.
GHON
Rp1,710.00
Gihon Telekomunikasi Indonesia
7D
4.3%
1Y
8.6%
BALI
Rp1,640.00
Bali Towerindo Sentra
7D
-3.5%
1Y
7.9%
MTEL
Rp600.00
Dayamitra Telekomunikasi
7D
-9.1%
1Y
-11.1%
TBIG
Rp2,330.00
Tower Bersama Infrastructure
7D
-10.4%
1Y
14.8%
GOLD
Rp350.00
Visi Telekomunikasi Infrastruktur
7D
2.3%
1Y
26.8%
CENT
Rp158.00
Centratama Telekomunikasi Indonesia
7D
1.3%
1Y
222.4%
KBLV
Rp185.00
First Media
7D
-3.6%
1Y
125.6%
MORA
Rp13,000.00
Mora Telematika Indonesia
7D
9.0%
1Y
3,150.0%
IBST
Rp5,150.00
Inti Bangun Sejahtera
7D
4.0%
1Y
-8.4%