TLK
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia TbkTLK

Communication Services · Telecom Services
11.76USD
-4.00%
Oct 28, 2026
TLK overview ready
Indonesia’s Integrated Telecom Leader Expanding AI-Ready Data-Center Capacity
Telkom Indonesia is principally Indonesia's incumbent integrated telecom operator, spanning Telkomsel mobile, fixed broadband/fiber, enterprise connectivity, and digital infrastructure.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through Southeast Asian AI-Ready Data-Center Capacity and Connectivity — infrastructure supplier.
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
Demanding valuation
The price embeds expectations that run ahead of the growth it delivers per turn of revenue….
Solid fundamentals
Ev / sales is strong.
Primary risk
Regulatory changes in telecommunications sector.
Market Oct 27Price action Aug 9Research Jul 28

Conviction Level

CompanyFit6.5PriceAction6.6Valuation2.7CompanyPosition7.3BusinessQuality—

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input
vs SPY
−7.7pp
Theme return
−7.2%
Beating SPY
2 of 11
21 sessions to Oct 27, 2026 · ranked 40 of 59 themes
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$12.0B
Avg Volume (60D)
1.6M
60 sessions
Revenue Growth YoY
-3.4%
Trailing twelve months
Gross Margin
+30.7%
Trailing twelve months
Operating Margin
+23.9%
Trailing twelve months
P/E
11.7x
EV / Sales
1.5x
Market metrics as of Oct 27, 2026

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads expensive.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has an Expensive valuation stance because the price embeds expectations that run ahead of the growth it delivers per turn of revenue multiple.

Company Research

Thesis
Telkom Indonesia is principally Indonesia's incumbent integrated telecom operator, spanning Telkomsel mobile, fixed broadband/fiber, enterprise connectivity, and digital infrastructure.
Opportunity
Moderate opportunity
Regional cloud, AI inference, and enterprise digitalization demand is driving investment in AI-ready colocation capacity, GPU-cloud access, interconnection, and high-capacity fiber connectivity across Southeast Asia.
Key risk
Regulatory changes in telecommunications sector.

Economic classification

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Business & Markets

Communication Services · Telecom Services
What they do

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology and telecommunications network services globally through multiple segments including Mobile, Consumer, Enterprise, Wholesale and International Business.

How it earns

The company generates revenue primarily through subscription and usage-based fees for its telecom and ICT services.

Products & services
Mobile voice and SMS
Mobile broadband
Fixed wireline services
Pay TV
Internet services
Enterprise end-to-end solutions
Customers & end markets
Individual consumers
Corporate and institutional clients
Market position

Market leader in Indonesia's telecommunications sector.

Demand drivers
Low cyclicality

Demand for telecommunications services tends to be stable and less sensitive to economic cycles.