Telkom Indonesia (Persero) Tbk PT
IDX:TLKM
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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 (2.4), the stock would be worth Rp3 431.22 (23% upside from current price).
| Scenario | EV/S Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 2 | Rp2 800 |
0%
|
| 3-Year Average | 2.4 | Rp3 431.22 |
+23%
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| 5-Year Average | 2.5 | Rp3 551.1 |
+27%
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| Industry Average | 2.9 | Rp4 111.7 |
+47%
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| Country Average | 1.5 | Rp2 103.42 |
-25%
|
Forward EV/S
Today’s price vs future revenue
| Today's Enterprise Value | Revenue | Forward EV/S | ||
|---|---|---|---|---|
|
Rp366.5T
|
/ |
Oct 2025
Rp147.4T
|
= |
|
|
Rp366.5T
|
/ |
Dec 2025
Rp151T
|
= |
|
|
Rp366.5T
|
/ |
Dec 2026
Rp155.5T
|
= |
|
|
Rp366.5T
|
/ |
Dec 2027
Rp159.8T
|
= |
|
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 |
|
Telkom Indonesia (Persero) Tbk PT
IDX:TLKM
|
272.5T IDR | 2 | 12.5 | |
| 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
Telkom Indonesia (Persero) Tbk PT
Glance View
In the sprawling archipelago of Indonesia, Telkom Indonesia (Persero) Tbk PT stands as a beacon of connectivity and technological evolution. As the largest telecommunication services company in the country, this state-owned enterprise plays a crucial role in linking the islands through its comprehensive range of services. From its robust mobile and fixed-line services to broadband internet and digital television, Telkom Indonesia has woven the very fabric of modern communication in a nation characterized by its geographical diversity. The company intelligently capitalizes on the vast population base by deploying an extensive network infrastructure, offering services across both urban and rural areas, ensuring that connectivity is not just an urban privilege but a nationwide utility. This dedication to infrastructure development positions Telkom not only as a service provider but as a key player in driving the nation's digitization efforts. Revenue streams for Telkom Indonesia are both diverse and synergistic, cascading through multiple channels. Primarily, its mobile services under the Telkomsel brand serve as the company's largest revenue generator, tapping into Indonesia's burgeoning population of mobile users. Broadband internet services, particularly fiber optic products, are swiftly gaining ground as the demand for high-speed connectivity surges among both home users and businesses. Meanwhile, enterprise services are pushing the boundaries further by catering to corporate clients with integrated ICT solutions. The digital business, encompassing everything from digital payment systems to multimedia content, is also emerging as a key growth area, reflecting global shifts towards digital transformation. This multifaceted approach not only ensures a steady revenue flow but also situates Telkom Indonesia at the forefront of the technological evolution within Southeast Asia's largest economy.