Tower Bersama Infrastructure Tbk PT
IDX:TBIG
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EV/S
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.
Valuation Scenarios
If EV/S returns to its 3-Year Average (8.6), the stock would be worth Rp1 898.68 (3% upside from current price).
| Scenario | EV/S Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 8.4 | Rp1 845 |
0%
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| 3-Year Average | 8.6 | Rp1 898.68 |
+3%
|
| 5-Year Average | 10 | Rp2 209.46 |
+20%
|
| Industry Average | 2.9 | Rp637.62 |
-65%
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| Country Average | 1.5 | Rp326.19 |
-82%
|
Forward EV/S
Today’s price vs future revenue
| Today's Enterprise Value | Revenue | Forward EV/S | ||
|---|---|---|---|---|
|
Rp53T
|
/ |
Jan 2026
Rp6.9T
|
= |
|
|
Rp53T
|
/ |
Dec 2026
Rp7.2T
|
= |
|
|
Rp53T
|
/ |
Dec 2027
Rp7.4T
|
= |
|
|
Rp53T
|
/ |
Dec 2028
Rp7.5T
|
= |
|
Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.
Peer Comparison
| Market Cap | EV/S | P/E | ||||
|---|---|---|---|---|---|---|
| ID |
|
Tower Bersama Infrastructure Tbk PT
IDX:TBIG
|
41.7T IDR | 8.4 | 29.2 | |
| US |
|
Verizon Communications Inc
NYSE:VZ
|
195.6B USD | 2.3 | 11.4 | |
| US |
|
AT&T Inc
NYSE:T
|
182.5B USD | 2.4 | 8.6 | |
| DE |
|
Deutsche Telekom AG
XETRA:DTE
|
133.6B EUR | 2.1 | 13.9 | |
| CN |
|
China Telecom Corp Ltd
SSE:601728
|
545.4B CNY | 0.9 | 16.2 | |
| JP |
|
Nippon Telegraph and Telephone Corp
TSE:9432
|
12.5T JPY | 1.3 | 11.6 | |
| SG |
|
Singapore Telecommunications Ltd
SGX:Z74
|
77.4B SGD | 6 | 12.5 | |
| FR |
|
Orange SA
PAR:ORA
|
46.9B EUR | 1.8 | 87.2 | |
| SA |
|
Saudi Telecom Company SJSC
SAU:7010
|
189.1B SAR | 2.4 | 12.8 | |
| CH |
|
Swisscom AG
SIX:SCMN
|
34.4B CHF | 3.2 | 27.7 | |
| AU |
T
|
Telstra Group Ltd
F:5KB
|
36.7B EUR | 3.3 | 27 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.6 |
| Median | 1.5 |
| 70th Percentile | 3.3 |
| Max | 414 768.4 |
Other Multiples
Tower Bersama Infrastructure Tbk PT
Glance View
Tower Bersama Infrastructure Tbk PT stands as a pivotal player in Indonesia's telecommunications landscape, weaving a critical part of the nation's digital fabric. Founded in 2003, the company has meticulously built and managed a robust network of telecommunication towers, essential for the burgeoning mobile and data usage across the archipelago. Essentially, their business model revolves around leasing space on these towers to various mobile network operators. This infrastructure-sharing approach allows telecom providers to expand their network coverage more cost-effectively without the heavy capital expenditure required to construct their own towers. It's a symbiotic relationship where Tower Bersama provides the necessary real estate and means for signal transmission, while its clients bring connectivity to the consumers. The revenue model of Tower Bersama is largely subscription-based, with long-term contracts guaranteeing a steady cash flow. As mobile data demand continues to surge, the company capitalizes on the need for increased network capabilities, allowing for incremental revenues through equipment upgrades and additional services. Moreover, the strategic locations of their towers across urban and rural areas ensure that they remain a critical partner for telecom companies looking to penetrate all market segments. Their expertise in managing these assets and optimizing the tenancy ratio — the number of clients sharing a single tower — is key to maximizing profitability. This dual focus on strategic growth and operational efficiency has helped Tower Bersama maintain a strong market position in a competitive industry, steering the company's journey through Indonesia’s digital transformation.