Comprehensive Stock Comparison

Compare Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) vs AT&T Inc. 5.35% GLB NTS 66 (TBB) Stock

Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.

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Quick Verdict

CategoryWinnerWhy
GrowthTBB2.7% revenue growth vs TLK's 0.5%
ValueTLKLower P/E (0.0x vs 9.9x)
Quality / MarginsTBB17.4% net margin vs TLK's 14.8%
Stability / SafetyTBBBeta 0.20 vs TLK's 0.68
DividendsTLK5.0% yield, 5-year raise streak, vs TBB's 5.0%
Momentum (1Y)TLK+55.3% vs TBB's +0.5%
Efficiency (ROA)TLK7.5% ROA vs TBB's 5.2%, ROIC 16.1% vs 7.0%
Bottom line: TLK leads in 4 of 7 categories, making it the stronger pick for investors who prioritize valuation and capital efficiency and dividend income and shareholder returns. AT&T Inc. 5.35% GLB NTS 66 is the better choice for growth and revenue expansion and profitability and margin quality. As direct sector peers, they can serve as alternatives in the same portfolio allocation.

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

TLKPerusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
Communication Services

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.

TBBAT&T Inc. 5.35% GLB NTS 66
Communication Services

AT&T is a major telecommunications company providing wireless, broadband, and entertainment services primarily in the United States. It generates revenue through wireless service subscriptions (~60% of revenue), broadband and video services (~25%), and business wireline solutions (~15%). The company's competitive advantage lies in its extensive nationwide wireless network infrastructure and spectrum portfolio, which creates high barriers to entry.

Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

TLKPerusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
FY 2024
Operating Segments.
99.7%$200.47T
Adjustments and eliminations
0.3%$582.0B
TBBAT&T Inc. 5.35% GLB NTS 66
FY 2024
Wireless Service
55.6%$68.0B
Other Capitalized Property Plant and Equipment
18.1%$22.2B
Business Service
14.8%$18.1B
IP Broadband
9.2%$11.2B
Legacy Voice and Data
1.2%$1.5B
Other Service
1.1%$1.3B

Financial Metrics Comparison

Side-by-side fundamentals across 2 stocks. BestLagging

Financial Scorecard

TBB 4TLK 1
Financial MetricsTBB4/6 metrics
Valuation MetricsTBB4/6 metrics
Profitability & EfficiencyTLK5/9 metrics
Total ReturnsTBB5/6 metrics
Risk & VolatilityTBB2/2 metrics
Analyst OutlookTie1/2 metrics

TBB leads in 4 of 6 categories (Financial Metrics, Valuation Metrics). TLK leads in 1 (Profitability & Efficiency). 1 tied.

Financial Metrics (TTM)

TLK is the larger business by revenue, generating $147.37T annually — 1172.8x TBB's $125.6B. Profitability is closely matched — net margins range from 17.4% (TBB) to 14.8% (TLK). On growth, TBB holds the edge at +3.6% YoY revenue growth, suggesting stronger near-term business momentum.

MetricTLKPerusahaan Perser…TBBAT&T Inc. 5.35% G…
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%
TBB leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

At 7.5x trailing earnings, TBB trades at a 50% valuation discount to TLK's 15.0x P/E. On an enterprise value basis, TLK's 5.3x EV/EBITDA is more attractive than TBB's 6.1x.

MetricTLKPerusahaan Perser…TBBAT&T Inc. 5.35% G…
Market CapShares × price$21.1B$139.3B
Enterprise ValueMkt cap + debt − cash$23.6B$276.1B
Trailing P/EPrice ÷ TTM EPS15.03x7.46x
Forward P/EPrice ÷ next-FY EPS est.0.00x9.93x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple5.27x6.13x
Price / SalesMarket cap ÷ Revenue2.37x1.11x
Price / BookPrice ÷ Book value/share2.19x1.29x
Price / FCFMarket cap ÷ FCF11.13x7.17x
TBB leads this category, winning 4 of 6 comparable metrics.

Profitability & Efficiency

TBB 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 TBB's 1.23x. On the Piotroski fundamental quality scale (0–9), TBB scores 7/9 vs TLK's 5/9, reflecting strong financial health.

MetricTLKPerusahaan Perser…TBBAT&T Inc. 5.35% G…
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 0–957
Debt / EquityFinancial leverage0.47x1.23x
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 expense8.26x3.55x
TLK leads this category, winning 5 of 9 comparable metrics.

Total Returns (with DRIP)

A $10,000 investment in TBB five years ago would be worth $11,351 today (with dividends reinvested), compared to $10,996 for TLK. Over the past 12 months, TLK leads with a +55.3% total return vs TBB's +0.5%. The 3-year compound annual growth rate (CAGR) favors TBB at 4.4% vs TLK's -1.3% — a key indicator of consistent wealth creation.

MetricTLKPerusahaan Perser…TBBAT&T Inc. 5.35% G…
YTD ReturnYear-to-date+0.9%+2.0%
1-Year ReturnPast 12 months+55.3%+0.5%
3-Year ReturnCumulative with dividends-3.7%+13.7%
5-Year ReturnCumulative with dividends+10.0%+13.5%
10-Year ReturnCumulative with dividends+26.4%+33.6%
CAGR (3Y)Annualised 3-year return-1.3%+4.4%
TBB leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

TBB is the less volatile stock with a 0.20 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. TBB currently trades 93.9% from its 52-week high vs TLK's 90.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricTLKPerusahaan Perser…TBBAT&T Inc. 5.35% G…
Beta (5Y)Sensitivity to S&P 5000.68x0.20x
52-Week HighHighest price in past year$23.52$24.16
52-Week LowLowest price in past year$13.15$21.55
% of 52W HighCurrent price vs 52-week peak+90.4%+93.9%
RSI (14)Momentum oscillator 0–10054.757.6
Avg Volume (50D)Average daily shares traded414K71K
TBB leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Wall Street rates TLK as "Hold" and TBB as "Hold". For income investors, TBB offers the higher dividend yield at 5.02% vs TLK's 4.97%.

MetricTLKPerusahaan Perser…TBBAT&T Inc. 5.35% G…
Analyst RatingConsensus buy/hold/sellHoldHold
Price TargetConsensus 12-month target$21.29
# AnalystsCovering analysts29
Dividend YieldAnnual dividend ÷ price+5.0%+5.0%
Dividend StreakConsecutive years of raises52
Dividend / ShareAnnual DPS$17850.40$1.14
Buyback YieldShare repurchases ÷ mkt cap0.0%+3.2%
Evenly matched — TLK and TBB each lead in 1 of 2 comparable metrics.

Historical Charts

Charts are rendered on first load. Hover for details.

Chart 1Total Return — 5 Years (Rebased to 100)

StockFeb 20Feb 26Change
Perusahaan Perseroa… (TLK)10086.23-13.8%
AT&T Inc. 5.35% GLB… (TBB)10088.12-11.9%

AT&T Inc. 5.35% GLB… (TBB) returned +14% over 5 years vs Perusahaan Perseroa… (TLK)'s +10%. A $10,000 investment in TBB 5 years ago would be worth $11,351 today (including dividends reinvested).

Chart 2Revenue Growth — 10 Years

Stock20162025Change
Perusahaan Perseroa… (TLK)$116.3T$150.0T+28.9%
AT&T Inc. 5.35% GLB… (TBB)$163.8B$125.6B-23.3%

AT&T Inc. 5.35% GLB NTS 66's revenue grew from $163.8B (2016) to $125.6B (2025) — a -2.9% CAGR.

Chart 3Net Margin Trend — 10 Years

Stock20162025Change
Perusahaan Perseroa… (TLK)16.6%15.8%-5.2%
AT&T Inc. 5.35% GLB… (TBB)7.9%17.4%+119.9%

AT&T Inc. 5.35% GLB NTS 66's net margin went from 8% (2016) to 17% (2025).

Chart 4P/E Ratio History — 9 Years

Stock20172025Change
Perusahaan Perseroa… (TLK)00
AT&T Inc. 5.35% GLB… (TBB)5.57.3+32.7%

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. 5.35% GLB NTS 66 has traded in a 6x–16x P/E range over 7 years; current trailing P/E is ~7x.

Chart 5EPS Growth — 10 Years

Stock20162025Change
Perusahaan Perseroa… (TLK)19,61923,873+21.7%
AT&T Inc. 5.35% GLB… (TBB)2.13.04+44.8%

AT&T Inc. 5.35% GLB NTS 66's EPS grew from $2.10 (2016) to $3.04 (2025) — a 4% CAGR.

Chart 6Free Cash Flow — 5 Years

2021
$38430B
$10B
2022
$38344B
$12B
2023
$26978B
$20B
2024
$31937B
$19B
2025
$19B
Perusahaan Perseroa… (TLK)AT&T Inc. 5.35% GLB… (TBB)

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk generated $31.9T FCF in 2024 (-17% vs 2021). AT&T Inc. 5.35% GLB NTS 66 generated $19B FCF in 2025 (+97% vs 2021).

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TLK vs TBB: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is TLK or TBB a better buy right now?

AT&T Inc. 5.35% GLB NTS 66 (TBB) offers the better valuation at 7.5x trailing P/E (9.9x 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.

02

Which has the better valuation — TLK or TBB?

On trailing P/E, AT&T Inc. 5.35% GLB NTS 66 (TBB) is the cheapest at 7.5x 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.

03

Which is the better long-term investment — TLK or TBB?

Over the past 5 years, AT&T Inc. 5.35% GLB NTS 66 (TBB) delivered a total return of +13.5%, compared to +10.0% for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK). A $10,000 investment in TBB five years ago would be worth approximately $11K today (assuming dividends reinvested). Over 10 years, the gap is even starker: TBB returned +33.6% 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.

04

Which is safer — TLK or TBB?

By beta (market sensitivity over 5 years), AT&T Inc. 5.35% GLB NTS 66 (TBB) is the lower-risk stock at 0.20β versus Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's 0.68β — meaning TLK is approximately 246% more volatile than TBB 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. 5.35% GLB NTS 66 — giving it more financial flexibility in a downturn.

05

Which has better profit margins — TLK or TBB?

AT&T Inc. 5.35% GLB NTS 66 (TBB) 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 TBB. At the gross margin level — before operating expenses — TBB 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.

06

Is TLK or TBB more undervalued right now?

On forward earnings alone, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) trades at 0.0x forward P/E versus 9.9x for AT&T Inc. 5.35% GLB NTS 66 — 9.9x cheaper on a one-year earnings basis.

07

Which pays a better dividend — TLK or TBB?

All stocks in this comparison pay dividends. AT&T Inc. 5.35% GLB NTS 66 (TBB) offers the highest yield at 5.0%, versus 5.0% for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK).

08

Is TLK or TBB better for a retirement portfolio?

For long-horizon retirement investors, AT&T Inc. 5.35% GLB NTS 66 (TBB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.20), 5.0% yield). Both have compounded well over 10 years (TBB: +33.6%, 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.

09

What are the main differences between TLK and TBB?

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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  • Market Cap > $100B
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Income & Dividend Stock

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  • Market Cap > $100B
  • Net Margin > 10%
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Better Than Both

Find stocks that beat TLK and TBB on the metrics you choose

Revenue Growth>
%
(TLK: -0.9% · TBB: 3.6%)
Net Margin>
%
(TLK: 14.8% · TBB: 17.4%)
P/E Ratio<
x
(TLK: 15.0x · TBB: 7.5x)