Comprehensive Stock Comparison
Compare Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) vs AT&T Inc. (T) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | T | 2.7% revenue growth vs TLK's 0.5% |
| Value | TLK | Lower P/E (0.0x vs 12.3x) |
| Quality / Margins | T | 17.4% net margin vs TLK's 14.8% |
| Stability / Safety | T | Beta 0.12 vs TLK's 0.68 |
| Dividends | TLK | 5.0% yield, 5-year raise streak, vs T's 4.1% |
| Momentum (1Y) | TLK | +55.3% vs T's +6.2% |
| Efficiency (ROA) | TLK | 7.5% ROA vs T's 5.2%, ROIC 16.1% vs 7.0% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Telkom Indonesia is Indonesia's largest integrated telecommunications and digital services provider, operating mobile networks, fixed-line services, and digital platforms across the archipelago. It generates revenue primarily from mobile services (~50% of total), fixed broadband, enterprise ICT solutions, and wholesale carrier services. The company's key advantage is its extensive nationwide infrastructure—including the largest fiber-optic backbone and mobile network coverage—which creates significant barriers to entry and supports its dominant market position.
AT&T is a major telecommunications company providing wireless, broadband, and enterprise connectivity services across the United States and Latin America. It generates revenue primarily from wireless services (~60% of total), broadband internet, and business solutions including cloud and security services. The company's competitive advantage lies in its extensive nationwide wireless network infrastructure and fiber footprint, which create significant switching costs for customers and high barriers to entry for competitors.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
T leads in 4 of 6 categories (Financial Metrics, Valuation Metrics). TLK leads in 2 (Profitability & Efficiency, Analyst Outlook).
Financial Metrics (TTM)
TLK is the larger business by revenue, generating $147.37T annually — 1172.8x T's $125.6B. Profitability is closely matched — net margins range from 17.4% (T) to 14.8% (TLK). On growth, T holds the edge at +3.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | TLKPerusahaan Perser… | TAT&T Inc. |
|---|---|---|
| RevenueTrailing 12 months | $147.37T | $125.6B |
| EBITDAEarnings before interest/tax | $72.81T | $45.0B |
| Net IncomeAfter-tax profit | $21.76T | $21.9B |
| Free Cash FlowCash after capex | $40.12T | $19.4B |
| Gross MarginGross profit ÷ Revenue | +66.7% | +79.8% |
| Operating MarginEBIT ÷ Revenue | +27.0% | +19.2% |
| Net MarginNet income ÷ Revenue | +14.8% | +17.4% |
| FCF MarginFCF ÷ Revenue | +27.2% | +15.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -0.9% | +3.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -18.7% | -7.1% |
Valuation Metrics
At 9.2x trailing earnings, T trades at a 39% valuation discount to TLK's 15.0x P/E. On an enterprise value basis, TLK's 5.3x EV/EBITDA is more attractive than T's 7.4x.
| Metric | TLKPerusahaan Perser… | TAT&T Inc. |
|---|---|---|
| Market CapShares × price | $21.1B | $196.0B |
| Enterprise ValueMkt cap + debt − cash | $23.6B | $332.8B |
| Trailing P/EPrice ÷ TTM EPS | 15.03x | 9.21x |
| Forward P/EPrice ÷ next-FY EPS est. | 0.00x | 12.26x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 5.27x | 7.39x |
| Price / SalesMarket cap ÷ Revenue | 2.37x | 1.56x |
| Price / BookPrice ÷ Book value/share | 2.19x | 1.59x |
| Price / FCFMarket cap ÷ FCF | 11.13x | 10.08x |
Profitability & Efficiency
T delivers a 17.3% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $14 for TLK. TLK carries lower financial leverage with a 0.47x debt-to-equity ratio, signaling a more conservative balance sheet compared to T's 1.23x. On the Piotroski fundamental quality scale (0–9), T scores 7/9 vs TLK's 5/9, reflecting strong financial health.
| Metric | TLKPerusahaan Perser… | TAT&T Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +14.0% | +17.3% |
| ROA (TTM)Return on assets | +7.5% | +5.2% |
| ROICReturn on invested capital | +16.1% | +7.0% |
| ROCEReturn on capital employed | +19.6% | +6.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 |
| Debt / EquityFinancial leverage | 0.47x | 1.23x |
| Net DebtTotal debt minus cash | $42.93T | $136.8B |
| Cash & Equiv.Liquid assets | $33.91T | $18.2B |
| Total DebtShort + long-term debt | $76.83T | $155.0B |
| Interest CoverageEBIT ÷ Interest expense | 8.26x | 3.55x |
Total Returns (with DRIP)
A $10,000 investment in T five years ago would be worth $16,283 today (with dividends reinvested), compared to $10,996 for TLK. Over the past 12 months, TLK leads with a +55.3% total return vs T's +6.2%. The 3-year compound annual growth rate (CAGR) favors T at 18.3% vs TLK's -1.3% — a key indicator of consistent wealth creation.
| Metric | TLKPerusahaan Perser… | TAT&T Inc. |
|---|---|---|
| YTD ReturnYear-to-date | +0.9% | +15.1% |
| 1-Year ReturnPast 12 months | +55.3% | +6.2% |
| 3-Year ReturnCumulative with dividends | -3.7% | +65.7% |
| 5-Year ReturnCumulative with dividends | +10.0% | +62.8% |
| 10-Year ReturnCumulative with dividends | +26.4% | +59.8% |
| CAGR (3Y)Annualised 3-year return | -1.3% | +18.3% |
Risk & Volatility
T is the less volatile stock with a 0.12 beta — it tends to amplify market swings less than TLK's 0.68 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. T currently trades 94.0% from its 52-week high vs TLK's 90.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | TLKPerusahaan Perser… | TAT&T Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.68x | 0.12x |
| 52-Week HighHighest price in past year | $23.52 | $29.79 |
| 52-Week LowLowest price in past year | $13.15 | $22.95 |
| % of 52W HighCurrent price vs 52-week peak | +90.4% | +94.0% |
| RSI (14)Momentum oscillator 0–100 | 54.7 | 55.6 |
| Avg Volume (50D)Average daily shares traded | 414K | 36.9M |
Analyst Outlook
Wall Street rates TLK as "Hold" and T as "Hold". For income investors, TLK offers the higher dividend yield at 4.97% vs T's 4.07%.
| Metric | TLKPerusahaan Perser… | TAT&T Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | — | $29.12 |
| # AnalystsCovering analysts | 2 | 61 |
| Dividend YieldAnnual dividend ÷ price | +5.0% | +4.1% |
| Dividend StreakConsecutive years of raises | 5 | 2 |
| Dividend / ShareAnnual DPS | $17850.40 | $1.14 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +2.3% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 20 | Feb 26 | Change |
|---|---|---|---|
| Perusahaan Perseroa… (TLK) | 100 | 86.23 | -13.8% |
| AT&T Inc. (T) | 100 | 98.95 | -1.1% |
AT&T Inc. (T) returned +63% over 5 years vs Perusahaan Perseroa… (TLK)'s +10%. A $10,000 investment in T 5 years ago would be worth $16,283 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Perusahaan Perseroa… (TLK) | $116.3T | $150.0T | +28.9% |
| AT&T Inc. (T) | $163.8B | $125.6B | -23.3% |
AT&T Inc.'s revenue grew from $163.8B (2016) to $125.6B (2025) — a -2.9% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Perusahaan Perseroa… (TLK) | 16.6% | 15.8% | -5.2% |
| AT&T Inc. (T) | 7.9% | 17.4% | +119.9% |
AT&T Inc.'s net margin went from 8% (2016) to 17% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Perusahaan Perseroa… (TLK) | 0 | 0 | — |
| AT&T Inc. (T) | 6.2 | 8.2 | +32.3% |
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has traded in a 0x–0x P/E range over 8 years; current trailing P/E is ~15x. AT&T Inc. has traded in a 6x–16x P/E range over 7 years; current trailing P/E is ~9x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Perusahaan Perseroa… (TLK) | 19,619 | 23,873 | +21.7% |
| AT&T Inc. (T) | 2.1 | 3.04 | +44.8% |
AT&T Inc.'s EPS grew from $2.10 (2016) to $3.04 (2025) — a 4% CAGR.
Chart 6Free Cash Flow — 5 Years
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk generated $31.9T FCF in 2024 (-17% vs 2021). AT&T Inc. generated $19B FCF in 2025 (+97% vs 2021).
TLK vs T: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is TLK or T a better buy right now?
AT&T Inc. (T) offers the better valuation at 9.2x trailing P/E (12.3x forward), making it the more compelling value choice. Analysts rate Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) a "Hold" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — TLK or T?
On trailing P/E, AT&T Inc. (T) is the cheapest at 9.2x versus Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk at 15.0x. On forward P/E, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk is actually cheaper at 0.0x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — TLK or T?
Over the past 5 years, AT&T Inc. (T) delivered a total return of +62.8%, compared to +10.0% for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK). A $10,000 investment in T five years ago would be worth approximately $16K today (assuming dividends reinvested). Over 10 years, the gap is even starker: T returned +59.8% versus TLK's +26.4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — TLK or T?
By beta (market sensitivity over 5 years), AT&T Inc. (T) is the lower-risk stock at 0.12β versus Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's 0.68β — meaning TLK is approximately 486% more volatile than T relative to the S&P 500. On balance sheet safety, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) carries a lower debt/equity ratio of 47% versus 123% for AT&T Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — TLK or T?
AT&T Inc. (T) is the more profitable company, earning 17.4% net margin versus 15.8% for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk — meaning it keeps 17.4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TLK leads at 28.7% versus 19.2% for T. At the gross margin level — before operating expenses — T leads at 79.8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is TLK or T more undervalued right now?
On forward earnings alone, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) trades at 0.0x forward P/E versus 12.3x for AT&T Inc. — 12.3x cheaper on a one-year earnings basis.
07Which pays a better dividend — TLK or T?
All stocks in this comparison pay dividends. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) offers the highest yield at 5.0%, versus 4.1% for AT&T Inc. (T).
08Is TLK or T better for a retirement portfolio?
For long-horizon retirement investors, AT&T Inc. (T) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.12), 4.1% yield). Both have compounded well over 10 years (T: +59.8%, TLK: +26.4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between TLK and T?
Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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