Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Financial Ratios
29 years of historical data (1996–2024) · Communication Services · Telecommunications Services
EV/EBITDA
↓
4.45
↑+792% vs avg
5yr avg: 0.50
30Y Low0.0·High1.4
P/FCF
↓
9.20
↑+1324528% vs avg
5yr avg: 0.00
30Y Low0.0·High0.0
P/B Ratio
↓
1.81
↑+1112325% vs avg
5yr avg: 0.00
30Y Low0.0·High0.0
ROE
↓
14.8%
-9% vs avg
5yr avg: 16.3%
30Y Low9%·High56%
Debt/EBITDA
↑
1.02
+12% vs avg
5yr avg: 0.90
30Y Low0.4·High1.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TLK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk trades at 12.4x earnings, 1475838% above its 5-year average of 0.0x, sitting at the 100th percentile of its historical range. Compared to the Communication Services sector median P/E of 15.4x, the stock trades at a discount of 19%. On a free-cash-flow basis, the stock trades at 9.2x P/FCF, 1324528% above the 5-year average of 0.0x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $16.8B | $16.3B | $25.5B | $23.6B | $28.7B | $23.3B | $28.2B | $26.0B | $31.9B | $28.8B | $21.8B |
| Enterprise Value | $19.3B | $42.95T | $39.02T | $31.12T | $30.80T | $44.16T | $33.87T | $26.67T | $10.36T | $2.06T | $6.52T |
| P/E Ratio → | 12.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/S Ratio | 1.96 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/B Ratio | 1.81 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/FCF | 9.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/OCF | 4.77 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/E links to full P/E history page with 30-year chart
TLK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's enterprise value stands at 4.5x EBITDA, 792% above its 5-year average of 0.5x. The Communication Services sector median is 9.0x, placing the stock at a 51% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.29 | 0.26 | 0.21 | 0.22 | 0.32 | 0.25 | 0.20 | 0.08 | 0.02 | 0.06 |
| EV / EBITDA | 4.45 | 0.57 | 0.51 | 0.43 | 0.39 | 0.61 | 0.48 | 0.44 | 0.16 | 0.04 | 0.13 |
| EV / EBIT | 7.83 | 0.97 | 0.86 | 0.77 | 0.64 | 1.01 | 0.77 | 0.67 | 0.23 | 0.05 | 0.19 |
| EV / FCF | — | 1.34 | 1.45 | 0.81 | 0.80 | 1.23 | 1.71 | 1.89 | 0.62 | 0.11 | 0.38 |
TLK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk earns an operating margin of 28.7%. Operating margins have expanded from 27.0% to 28.7% over the past 3 years, signaling improving operational efficiency. ROE of 14.8% is modest. ROIC of 16.1% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.9% | 67.9% | 69.1% | 70.4% | 69.8% | 70.7% | 68.6% | 63.2% | 69.1% | 70.4% | 69.1% |
| Operating Margin | 28.7% | 28.7% | 29.8% | 27.0% | 33.3% | 32.2% | 32.5% | 29.5% | 34.2% | 33.7% | 31.6% |
| Net Profit Margin | 15.7% | 15.7% | 16.4% | 14.1% | 17.4% | 15.4% | 14.1% | 13.6% | 17.2% | 16.6% | 15.1% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.8% | 14.8% | 16.0% | 14.1% | 18.7% | 17.7% | 16.3% | 15.5% | 20.3% | 19.4% | 17.2% |
| ROA | 8.1% | 8.1% | 8.7% | 7.5% | 9.5% | 9.0% | 8.9% | 8.8% | 11.7% | 11.2% | 10.1% |
| ROIC | 16.1% | 16.1% | 17.8% | 16.7% | 21.0% | 20.9% | 22.4% | 21.7% | 28.6% | 28.3% | 25.3% |
| ROCE | 19.6% | 19.6% | 21.2% | 19.2% | 24.7% | 25.8% | 27.3% | 24.6% | 30.0% | 29.0% | 27.0% |
TLK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk carries a Debt/EBITDA ratio of 1.0x, which is manageable (71% below the sector average of 3.5x). Net debt stands at $42.9T ($76.8T total debt minus $33.9T cash). Interest coverage of 8.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.47 | 0.47 | 0.43 | 0.42 | 0.48 | 0.54 | 0.44 | 0.38 | 0.32 | 0.30 | 0.37 |
| Debt / EBITDA | 1.02 | 1.02 | 0.88 | 0.87 | 0.87 | 0.89 | 0.73 | 0.74 | 0.55 | 0.55 | 0.68 |
| Net Debt / Equity | — | 0.26 | 0.25 | 0.21 | 0.21 | 0.37 | 0.29 | 0.23 | 0.09 | 0.02 | 0.07 |
| Net Debt / EBITDA | 0.57 | 0.57 | 0.51 | 0.43 | 0.39 | 0.61 | 0.48 | 0.44 | 0.16 | 0.04 | 0.13 |
| Debt / FCF | — | 1.34 | 1.45 | 0.81 | 0.80 | 1.23 | 1.71 | 1.89 | 0.62 | 0.11 | 0.38 |
| Interest Coverage | 8.52 | 8.52 | 9.71 | 9.94 | 157855.59 | 9.51 | 146127.91 | 11.24 | 16.39 | 14.58 | 13.61 |
TLK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.82x is below 1.0, meaning current liabilities exceed current assets — though the company's $33.9T cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.82 | 0.82 | 0.78 | 0.78 | 0.89 | 0.68 | 0.71 | 0.94 | 1.05 | 1.20 | 1.35 |
| Quick Ratio | 0.81 | 0.81 | 0.76 | 0.77 | 0.88 | 0.66 | 0.70 | 0.92 | 1.03 | 1.18 | 1.34 |
| Cash Ratio | 0.46 | 0.46 | 0.43 | 0.47 | 0.56 | 0.32 | 0.32 | 0.40 | 0.59 | 0.78 | 0.81 |
| Asset Turnover | — | 0.50 | 0.52 | 0.54 | 0.52 | 0.55 | 0.61 | 0.63 | 0.65 | 0.65 | 0.62 |
| Inventory Turnover | 43.87 | 43.87 | 46.22 | 38.13 | 55.60 | 40.67 | 72.70 | 67.19 | 62.74 | 59.04 | 60.04 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
TLK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk returns 6.0% to shareholders annually primarily through dividends. The payout ratio of 74.9% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 8.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Payout Ratio | 74.9% | 74.9% | 68.0% | 71.6% | 50.2% | 53.2% | 56.7% | 74.6% | 43.8% | 50.0% | 47.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.1% | 145124.6% | 96242.2% | 117157.2% | 118209.7% | 128286.6% | 97729.8% | 69450.6% | 69382.4% | 67280.5% | 71067.6% |
| FCF Yield | 10.9% | 195983.8% | 105719.7% | 162293.4% | 133817.9% | 153467.3% | 70195.1% | 54340.2% | 52074.3% | 66425.6% | 78471.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Shares Outstanding | — | $991M | $991M | $991M | $991M | $991M | $991M | $991M | $991M | $986M | $982M |
Peer Comparison
Compare TLK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TLKYou | $17B | 12.4 | 4.5 | 9.2 | 67.9% | 28.7% | 14.8% | 16.1% | 1.0 |
 PHI | $4B | 8.7 | 5.3 | 11.1 | 59.6% | 24.9% | 25.1% | 9.1% | 3.1 |
 VIV | $25B | 22.5 | 5.9 | 11.5 | 43.9% | 15.5% | 8.0% | 7.8% | 0.9 |
 TEO | $5B | 7.1 | 8.6 | 17.3 | 73.3% | -3.5% | 19.4% | -1.2% | 2.7 |
 TKC | $6B | 11.0 | 4.8 | 9.9 | 24.7% | 21.1% | 12.9% | 11.8% | 1.7 |
 BCE | $23B | 5.0 | 6.8 | 9.5 | 68.5% | 22.2% | 31.1% | 6.9% | 3.9 |
 SKM | $14B | 52.1 | 6.5 | 11.9 | 19.0% | 6.3% | 3.4% | 3.8% | 2.3 |
 T | $176B | 8.3 | 7.4 | 9.1 | 79.8% | 19.2% | 17.6% | 6.7% | 3.9 |
 VZ | $199B | 11.6 | 8.0 | 9.9 | 45.6% | 21.2% | 16.6% | 8.0% | 4.2 |
 TMUS | $210B | 20.0 | 10.1 | 20.3 | 47.6% | 21.2% | 18.2% | 8.1% | 3.8 |
 LUMN | $9B | -4.8 | 9.9 | 23.5 | 46.5% | -1.5% | — | -0.8% | 6.9 |
| Communication Services Median | — | 15.4 | 9.0 | 11.8 | 48.3% | 0.7% | 2.2% | 3.0% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Full TLK Stock Analysis
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Start ComparisonTLK — Frequently Asked Questions
Quick answers to the most common questions about buying TLK stock.
What is Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's P/E ratio?
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's current P/E ratio is 12.4x. The historical average is 0.0x. This places it at the 100th percentile of its historical range.
What is Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's EV/EBITDA?
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's current EV/EBITDA is 4.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 0.4x.
What is Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's ROE?
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's return on equity (ROE) is 14.8%. The historical average is 22.5%.
Is TLK stock overvalued?
Based on historical data, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk is trading at a P/E of 12.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's dividend yield?
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's current dividend yield is 6.02% with a payout ratio of 74.9%.
What are Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's profit margins?
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has 67.9% gross margin and 28.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk have?
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's Debt/EBITDA ratio is 1.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.