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Indonesian (IDX) Integrated Telecom Services Industry Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies13
  • 7D4.1%
  • 3M74.4%
  • 1Y102.2%
  • YTDn/a

The Integrated Telecom Services is pretty flat in the last 7 days, but Mora Telematika Indonesia has stood out, gaining 8.5%. The past year has been better, since the industry has gained 94% in that time. 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
Sat, 24 Jan 2026Rp878.0tRp185.8tRp27.3t22.5x32.2x4.7x
Mon, 22 Dec 2025Rp739.9tRp185.8tRp27.3t22.5x27.1x4x
Wed, 19 Nov 2025Rp649.4tRp185.8tRp27.3t22x23.8x3.5x
Fri, 17 Oct 2025Rp474.7tRp186.0tRp29.2t21.6x16.3x2.6x
Sun, 14 Sep 2025Rp461.8tRp186.0tRp29.2t22.1x15.8x2.5x
Tue, 12 Aug 2025Rp452.7tRp186.1tRp29.3t21.5x15.5x2.4x
Thu, 10 Jul 2025Rp457.7tRp189.1tRp29.2t18.4x15.7x2.4x
Sat, 07 Jun 2025Rp486.7tRp189.1tRp29.3t18.7x16.6x2.6x
Mon, 05 May 2025Rp469.7tRp188.7tRp29.1t19.4x16.1x2.5x
Wed, 02 Apr 2025Rp430.3tRp189.9tRp27.6t21.9x15.6x2.3x
Fri, 28 Feb 2025Rp451.3tRp187.1tRp29.3t24.7x15.4x2.4x
Sun, 26 Jan 2025Rp428.0tRp185.2tRp28.1t26.2x15.2x2.3x
Tue, 24 Dec 2024Rp416.3tRp185.2tRp28.2t22.4x14.8x2.2x
Thu, 21 Nov 2024Rp465.6tRp187.1tRp29.2t23x15.9x2.5x
Sat, 19 Oct 2024Rp509.1tRp187.5tRp30.4t23.3x16.8x2.7x
Mon, 16 Sep 2024Rp520.8tRp187.4tRp31.4t22.2x16.6x2.8x
Wed, 14 Aug 2024Rp496.7tRp187.4tRp31.4t17.5x15.8x2.7x
Fri, 12 Jul 2024Rp522.2tRp186.8tRp32.0t21.9x16.3x2.8x
Sun, 09 Jun 2024Rp502.3tRp186.8tRp32.9t25.2x15.3x2.7x
Tue, 07 May 2024Rp509.1tRp186.7tRp32.9t24.3x15.5x2.7x
Thu, 04 Apr 2024Rp497.7tRp182.9tRp32.0t25.2x15.5x2.7x
Sat, 02 Mar 2024Rp596.4tRp185.3tRp32.3t24.5x18.5x3.2x
Mon, 29 Jan 2024Rp609.2tRp185.3tRp32.3t23.1x18.9x3.3x
Wed, 27 Dec 2023Rp617.9tRp185.2tRp32.3t23.1x19.1x3.3x
Fri, 24 Nov 2023Rp576.8tRp184.9tRp32.2t20.8x17.9x3.1x
Sun, 22 Oct 2023Rp567.8tRp184.1tRp28.7t21.2x19.8x3.1x
Tue, 19 Sep 2023Rp586.0tRp184.1tRp28.7t23.1x20.4x3.2x
Thu, 17 Aug 2023Rp599.9tRp184.1tRp28.7t23.9x20.9x3.3x
Sat, 15 Jul 2023Rp602.8tRp183.1tRp29.4t23.6x20.5x3.3x
Mon, 12 Jun 2023Rp625.4tRp183.1tRp29.4t24.4x21.3x3.4x
Wed, 10 May 2023Rp618.8tRp183.2tRp29.5t23.3x21x3.4x
Fri, 07 Apr 2023Rp636.7tRp181.6tRp27.7t24.1x23x3.5x
Sun, 05 Mar 2023Rp610.5tRp179.7tRp29.5t23.4x20.7x3.4x
Tue, 31 Jan 2023Rp613.3tRp179.7tRp29.5t21.9x20.8x3.4x
Price to Earnings Ratio

20.8x


Total Market Cap: Rp613.3tTotal 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 31.2x 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 4.6x.
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-1.39%
Telecom2.39%
Telecom Services and Carriers3.10%
Integrated Telecom Services4.11%
Alternative Carriers-2.96%
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 IndonesiaRp14.68k8.5%
+Rp27.2t		3,587.2%PE1244.6x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.77k3.0%
+Rp10.9t		40.1%PE17.2x
TOWR Sarana Menara NusantaraRp625.0013.6%
+Rp4.4t		-8.1%PE10.6x
CENT Centratama Telekomunikasi IndonesiaRp156.000.6%
+Rp31.2b		254.5%PS1.9x
GHON Gihon Telekomunikasi IndonesiaRp1.79k2.9%
+Rp27.5b		13.7%PE11.5x

Latest News

TOWR
Rp625.00
Sarana Menara Nusantara
7D
13.6%
1Y
-8.1%

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
-10.9%
1Y
-1.4%
TLKM
Rp3,770.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
3.0%
1Y
40.1%

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
Rp5,000.00
Remala Abadi
7D
-11.1%
1Y
222.6%
GHON
Rp1,790.00
Gihon Telekomunikasi Indonesia
7D
2.9%
1Y
13.7%
BALI
Rp1,500.00
Bali Towerindo Sentra
7D
-8.3%
1Y
-4.8%
MTEL
Rp585.00
Dayamitra Telekomunikasi
7D
-4.9%
1Y
-14.6%
TBIG
Rp2,100.00
Tower Bersama Infrastructure
7D
-6.3%
1Y
5.0%
GOLD
Rp330.00
Visi Telekomunikasi Infrastruktur
7D
-1.8%
1Y
22.2%
CENT
Rp156.00
Centratama Telekomunikasi Indonesia
7D
0.6%
1Y
254.5%
KBLV
Rp177.00
First Media
7D
-4.8%
1Y
108.2%
MORA
Rp14,675.00
Mora Telematika Indonesia
7D
8.5%
1Y
3,587.2%
JAST
Rp111.00
PT. Jasnita Telekomindo
7D
11.0%
1Y
76.2%