Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk (TLK) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk vs Its Competitors
- TTM: Trailing 12-month revenue of 8,799M vs 356,664M combined for tracked competitors (2.4% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs accelerating (+5.6%) for its tracked peer group.
- Growth: Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk generated -5.6% revenue growth year over year in Q4 2025, vs 4.8% for its tracked competitors combined.
- Profitability: Its 16.3% net margin compares with 9.2% for the peer group.
- Scale: Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk ranks #12 of 58 companies by market capitalization in the Communications Services industry, holding 1.3% of industry market cap.
- Peer revenue share: Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk accounted for 8.5% of combined revenue among its tracked peer group, down from 9.4% a year earlier.
- Peer differentiation: Revenue per employee of $0.08M compares with $1.20M for the peer group (0.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
TLK Sales vs. its Competitors, Q4 2025
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk reported revenue contraction of 5.56 % year on year in Q4 2025, below its competitors' combined revenue growth of 4.82 %.
With a net margin of 16.34 %, Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk achieved higher profitability than its competitors (9.24 %).
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk generated 8.54 % of the combined sales of its peer group, down from 9.40 % a year earlier.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk vs. its Competitors, Q4 2025
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (3) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's competitor groups requires a Commercial License.
For context: the Communications Services industry grew revenue 7.4% year over year, combined, vs -5.6% for Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk. Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's share of combined industry revenue moved from 0.86% to 0.75%, a loss of 0.10 percentage points.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | Yes | No | No | No |
| Competitors combined (3) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 62.50 % (5 of 8) | 50.00 % (4 of 8) | 25.00 % (2 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
TLK Stock Performance relative to its Competitors
TLK Stock Performance relative to High-Confidence Competitors
TLK Stock Performance relative to Similar-Size Competitors
TLK Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Verizon Communications Inc | 282.9% | Outperformed |
| 2 | At and t Inc | 282.9% | Outperformed |
| 3 | T mobile Us Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Comment on Competition and Industry Peers
Publicly Traded Peers of Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 13,200.00 | 8,799.00 |
| Verizon Communications Inc | 191,782.58 | 138,895.00 |
| T mobile Us Inc | 179,612.64 | 90,530.00 |
| At and t Inc | 170,038.08 | 127,239.00 |
| SUBTOTAL | 554,633.30 | 365,463.00 |
Sources: Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Indosat | Named by the company | 85% |
| PT Hutchison 3 Indonesia | Named by the company | 85% |
| XL Axiata | Named by the company | 85% |
| Hutchison | Named by the company | 85% |
| MyRepublic | Named by the company | 85% |
| Telkom | Named by the company | 85% |
| Biznet Home | Named by the company | 85% |
| IOH | Named by the company | 85% |
| PT Smartfren Telecom Tbk | Named by the company | 85% |
| First Media | Named by the company | 85% |
| IconNet | Named by the company | 85% |
| PT Fintek Karya Nusantara | Named by the company | 85% |
| Telkomsel | Named by the company | 85% |
| Finarya | Named by the company | 85% |
| MNC Play | Named by the company | 85% |
| PT XL Axiata Tbk | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Verizon Communications Inc | Verizon Consumer Group 76.61 % |
| T mobile Us Inc | Wireless 100.00 % |
| At and t Inc | Advanced Connectivity 90.37 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 13,200 | 75,853 | 12,397 |
| Verizon Communications Inc | 191,783 | 1,544,994 | 184,638 |
| T mobile Us Inc | 179,613 | 1,207,067 | 140,573 |
| At and t Inc | 170,038 | 956,468 | 173,074 |
| PEERS TOTAL | 541,433 | 1,197,140 | 168,382 |
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Position in Industry Market Structure
Market-capitalization share and concentration across all 56 companies in Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's industry classification, broader than the peer set above. Market cap in millions of $.Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk ranks #12 of 56 companies by market capitalization in its industry, holding 1.31 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,239, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Verizon Communications Inc | 191,783 | 19.03 % |
| 2 | T mobile Us Inc | 176,411 | 17.50 % |
| 3 | At and t Inc | 170,038 | 16.87 % |
| 4 | Veon ltd | 132,702 | 13.17 % |
| 5 | America Movil Sab De Cv | 1,234 | 5.2% |
| 6 | Tim S a | 1,234 | 5.2% |
| 7 | Vodafone Group Public Limited Company | 1,234 | 5.2% |
| 8 | Chunghwa Telecom Co Ltd | 1,234 | 5.2% |
| 9 | Ast Spacemobile Inc | 1,234 | 5.2% |
| 10 | Millicom International Cellular Sa | 1,234 | 5.2% |
| 12 | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 13,200 | 1.31 % |
Market cap and industry share for the rest of Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-29.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 7 | Vodafone Group Public Limited Company | 39,246 | 43.53 % |
| 8 | Chunghwa Telecom Co Ltd | 35,104 | 4.04 % |
| 9 | Ast Spacemobile Inc | 17,764 | 26.98 % |
| 10 | Millicom International Cellular Sa | 15,672 | 90.61 % |
| 11 | Bce Inc | 1,234 | 12.3% |
| 12 | Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 13,200 | -30.22 % |
| 13 | Telus Corp | 1,234 | 12.3% |
| 14 | Turkcell Iletisim Hizmetleri A S | 1,234 | 12.3% |
| 15 | Globalstar Inc | 1,234 | 12.3% |
| 16 | Sk Telecom Co Ltd | 1,234 | 12.3% |
| 17 | Lumen Technologies inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-29. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Communications Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (85 companies). See the full Communications Services industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.00 % | 45.44 % (avg) | -45.4 pp |
| Operating Margin | 23.20 % | industry median | +19.3 pp |
| EBITDA Margin | 20.79 % | 4.17 % (avg) | +16.6 pp |
| Capital Intensity (Capex / Revenue) | 15.58 % | 14.44 % (avg) | +1.1 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Valuation vs Competitive Position
Valuation multiples vs the Communications Services industry average (85 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Communications Services industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 25.6x | - |
| EV / EBITDA | 11.5x | 12.5x | -1.0x |
| P/B | 2.3x | 3.6x | -1.4x |
| Return on Equity | 16.02 % | industry aggregate | 8.83 % |
| Return on Invested Capital | 8.96 % | 4.49 % (avg) | 4.47 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue Growth | - | -3.85 % | -5.56 % |
| Operating Margin | 29.80 % | 28.67 % | 23.20 % |
| Return on Invested Capital | 11.50 % | 10.75 % | 8.96 % |
| P/E | 0.1x | 0.1x | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Strategic Group Map
Every company in Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's BCG Growth-Share Matrix
Relative market share (vs Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk falls in the Dog quadrant: relative market share of 0.07x vs its largest competitor, in an industry growing revenue 0.4% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,239 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 15.58 % vs industry average 14.44 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 19.3 points above the industry median.
- Return on equity 8.8 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.07x).
Opportunities
- A meaningful share of tracked competitors (33.30 %) show financial-distress signals, a possible opening to gain share.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 0.46 | 0.83 | 0.29 |
| Verizon Communications Inc | 0.15 | 0.72 | 1.52 |
| T mobile Us Inc | 0.25 | 1.04 | 1.42 |
| At and t Inc | 0.32 | 0.95 | 1.10 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | Q4 2025 | -5.6 % | -24.7 % |
| Verizon Communications Inc | Q2 2026 | -0.7 % | -22.9 % |
| T mobile Us Inc | Q1 2026 | +10.6 % | -15.2 % |
| At and t Inc | Q2 2026 | +2.3 % | +3.1 % |
| PEERS TOTAL | +2.3 % | -13.1 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | Q4 2025 | - | -15.2 % |
| Verizon Communications Inc | Q2 2026 | - | +29.6 % |
| T mobile Us Inc | Q1 2026 | +28.7 % | +5.0 % |
| At and t Inc | Q2 2026 | -1.7 % | +16.4 % |
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | 8.35% | 10.42% | 16.02% |
| Verizon Communications Inc | 4.10% | 5.08% | 15.74% |
| T mobile Us Inc | 4.88% | 7.63% | 17.82% |
| At and t Inc | 5.44% | 5.04% | 18.23% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk | - | 1.50 |
| Verizon Communications Inc | 11.64 | 1.38 |
| T mobile Us Inc | 17.38 | 1.98 |
| At and t Inc | 8.13 | 1.34 |
| PEERS AVERAGE | 10.75 | 1.52 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.