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Indonesian (IDX) Integrated Telecom Services Industry Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies13
  • 7D4.2%
  • 3M68.0%
  • 1Y98.5%
  • YTDn/a

Over the last 7 days, the Integrated Telecom Services industry has risen 4.0%, driven by gains from Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia of 6.1%. In the last 12 months, the industry was up 96%. 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
Mon, 19 Jan 2026Rp843.4tRp185.8tRp27.3t23.7x30.9x4.5x
Wed, 17 Dec 2025Rp751.8tRp185.8tRp27.3t22.9x27.6x4x
Fri, 14 Nov 2025Rp617.1tRp185.8tRp27.3t21.6x22.6x3.3x
Sun, 12 Oct 2025Rp462.8tRp186.0tRp29.2t21.7x15.8x2.5x
Tue, 09 Sep 2025Rp460.3tRp186.0tRp29.2t22.3x15.8x2.5x
Thu, 07 Aug 2025Rp448.8tRp186.1tRp29.3t21.5x15.3x2.4x
Sat, 05 Jul 2025Rp462.0tRp189.1tRp29.2t18.1x15.8x2.4x
Mon, 02 Jun 2025Rp485.9tRp189.1tRp29.3t19.4x16.6x2.6x
Wed, 30 Apr 2025Rp454.8tRp189.7tRp28.5t19.5x16x2.4x
Fri, 28 Mar 2025Rp420.5tRp187.2tRp29.5t21.5x14.3x2.2x
Sun, 23 Feb 2025Rp473.3tRp187.1tRp29.3t24.8x16.2x2.5x
Tue, 21 Jan 2025Rp418.2tRp185.2tRp28.1t25.8x14.9x2.3x
Thu, 19 Dec 2024Rp411.5tRp185.2tRp28.2t21.5x14.6x2.2x
Sat, 16 Nov 2024Rp449.9tRp187.1tRp29.2t22.5x15.4x2.4x
Mon, 14 Oct 2024Rp501.6tRp187.5tRp30.4t23.5x16.5x2.7x
Wed, 11 Sep 2024Rp514.0tRp187.4tRp31.4t22.8x16.4x2.7x
Fri, 09 Aug 2024Rp495.5tRp187.4tRp31.4t18x15.8x2.6x
Sun, 07 Jul 2024Rp500.2tRp186.8tRp32.9t25.2x15.2x2.7x
Tue, 04 Jun 2024Rp478.9tRp186.8tRp32.9t25x14.6x2.6x
Thu, 02 May 2024Rp512.6tRp186.4tRp32.8t25.9x15.6x2.7x
Sat, 30 Mar 2024Rp549.1tRp184.7tRp33.2t25.2x16.6x3x
Mon, 26 Feb 2024Rp618.5tRp185.3tRp32.3t24.6x19.1x3.3x
Wed, 24 Jan 2024Rp607.8tRp185.3tRp32.3t22.9x18.8x3.3x
Fri, 22 Dec 2023Rp613.6tRp185.2tRp32.3t20.4x19x3.3x
Sun, 19 Nov 2023Rp571.1tRp184.9tRp32.2t21.2x17.7x3.1x
Tue, 17 Oct 2023Rp588.2tRp184.1tRp28.7t22.4x20.5x3.2x
Thu, 14 Sep 2023Rp590.7tRp184.1tRp28.7t23.2x20.6x3.2x
Sat, 12 Aug 2023Rp590.6tRp184.1tRp28.7t24.3x20.6x3.2x
Mon, 10 Jul 2023Rp610.2tRp183.1tRp29.4t23.9x20.8x3.3x
Wed, 07 Jun 2023Rp618.4tRp183.1tRp29.4t24.1x21x3.4x
Fri, 05 May 2023Rp627.5tRp182.8tRp29.4t23.5x21.4x3.4x
Sun, 02 Apr 2023Rp620.2tRp181.6tRp27.7t24.3x22.4x3.4x
Tue, 28 Feb 2023Rp618.7tRp179.7tRp29.5t22.6x21x3.4x
Thu, 26 Jan 2023Rp606.3tRp179.7tRp29.5t21.7x20.5x3.4x
Price to Earnings Ratio

20.5x


Total Market Cap: Rp606.3tTotal 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 30.9x 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 4.5x.
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 Market1.88%
Telecom2.55%
Telecom Services and Carriers3.61%
Integrated Telecom Services4.18%
Alternative Carriers0.35%
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 IndonesiaRp13.53k6.5%
+Rp19.5t		3,422.1%PE1147x
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi IndonesiaRp3.66k4.0%
+Rp13.9t		40.2%PE16.7x
IBST Inti Bangun SejahteraRp5.95k15.5%
+Rp1.1t		5.8%PE20.3x
MTEL Dayamitra TelekomunikasiRp615.001.7%
+Rp815.3b		-5.4%PE23.7x
BALI Bali Towerindo SentraRp1.64k0.9%
+Rp59.0b		-3.8%PE36.1x

Latest News

IBST
Rp5,950.00
Inti Bangun Sejahtera
7D
15.5%
1Y
5.8%
TLKM
Rp3,660.00
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
7D
4.0%
1Y
40.2%

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.
TOWR
Rp550.00
Sarana Menara Nusantara
7D
-1.8%
1Y
-17.3%

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
Rp1,740.00
Gihon Telekomunikasi Indonesia
7D
1.2%
1Y
10.1%
BALI
Rp1,635.00
Bali Towerindo Sentra
7D
0.9%
1Y
-3.8%
MTEL
Rp615.00
Dayamitra Telekomunikasi
7D
1.7%
1Y
-5.4%
TBIG
Rp2,240.00
Tower Bersama Infrastructure
7D
-1.8%
1Y
7.2%
GOLD
Rp336.00
Visi Telekomunikasi Infrastruktur
7D
-2.3%
1Y
25.4%
CENT
Rp155.00
Centratama Telekomunikasi Indonesia
7D
-0.6%
1Y
237.0%
MORA
Rp13,525.00
Mora Telematika Indonesia
7D
6.5%
1Y
3,422.1%
JAST
Rp100.00
PT. Jasnita Telekomindo
7D
-3.8%
1Y
56.3%