Tower Bersama Infrastructure Tbk PT
IDX:TBIG

Watchlist Manager
Tower Bersama Infrastructure Tbk PT Logo
Tower Bersama Infrastructure Tbk PT
IDX:TBIG
Watchlist
Price: 1 870 IDR -0.27% Market Closed
Market Cap: Rp42.4T

P/S

6.1
Current
8%
Cheaper
vs 3-y average of 6.6

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
6.1
=
Market Cap
Rp36.9T
/
Revenue
Rp6.9T

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
6.1
=
Market Cap
Rp36.9T
/
Revenue
Rp6.9T

Valuation Scenarios

Tower Bersama Infrastructure Tbk PT is trading below its 3-year average

If P/S returns to its 3-Year Average (6.6), the stock would be worth Rp2 029.82 (9% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-73%
Maximum Upside
+16%
Average Downside
27%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 6.1 Rp1 870
0%
3-Year Average 6.6 Rp2 029.82
+9%
5-Year Average 7.1 Rp2 159.97
+16%
Industry Average 2.4 Rp738.77
-60%
Country Average 1.6 Rp501.46
-73%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
Rp36.9T
/
Jan 2026
Rp6.9T
=
6.1
Current
Rp36.9T
/
Dec 2026
Rp7.2T
=
5.1
Forward
Rp36.9T
/
Dec 2027
Rp7.4T
=
5
Forward
Rp36.9T
/
Dec 2028
Rp7.5T
=
4.9
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close

Market Distribution

Higher than 79% of companies in Indonesia
Percentile
79th
Based on 887 companies
79th percentile
6.1
Low
0 — 0.8
Typical Range
0.8 — 3.2
High
3.2 —
Distribution Statistics
Indonesia
Min 0
30th Percentile 0.8
Median 1.6
70th Percentile 3.2
Max 197 632.6

Tower Bersama Infrastructure Tbk PT
Glance View

Market Cap
42.4T IDR
Industry
Telecommunication

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.

TBIG Intrinsic Value
1 253.96 IDR
Overvaluation 33%
Intrinsic Value
Price Rp1 870
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett