Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide.
Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price2,230.00 IDR
Fair value4,150.00
Ethical score70.0/100
RatingOPPORTUNITY
Our investment reviews on this name
2026-10-20Read Distribution2,230.00+0.0% to today Markdown gives way to Distribution after an 11% slide in 3 weeks
2026-10-02Read Markdown2,500.00-10.8% to today ✓Accumulation gives way to Markdown after a 6% slide in 5 weeks
2026-08-30Read Accumulation2,660.00-16.2% to today Distribution gives way to Accumulation
2026-07-25Read Distribution2,660.00-16.2% to today ✓Accumulation gives way to Distribution after a 7% slide in 3 weeks
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Telkom Indonesia holds its Distribution at $2,230.00. Elevated stress, defensive posture warranted, held for 1 days.
As held on the ledger · 2026-10-15
Phase
Distribution · caution
Quantitative state
Elevated stress, defensive posture warranted, held for 1 days
Price at the screen
$2,230.00
Valuation
15.21 trailing · 9.57 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.13
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
25.67%
Below 33%
Interest-bearing debt is just 25.7% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
11.33%
Below 33%
Cash held in interest-bearing accounts and securities is 11.3% of assets, under the one-third limit.
Pass
Receivables
0.27%
Below 49%
Money owed to the company is 0.3% of assets, under the 49% limit.
Pass
Revenue purity
2.57%
Below 5%
Only 2.6% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
Telkom Indonesia clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 26%, inside the ~33% line, and interest is about 3% of its income, under the ~5% line, so it passes.
Read as at 2026-10-24. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when TLKM.JK's ethical verdict changes
Today TLKM.JK passes the screen. If new figures move it to a fail, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
Free, no account needed. Every email has a link to stop.
What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads OPPORTUNITY: it trades at roughly a 86% discount to our $4,150.00 fair value, 1.50% revenue growth.
Fair value range in IDR, drawn from the 2026-10-15 screen. The gold marker is the market price at the same screen. A 86.1% margin of safety to the base estimate.
Third-party analyst targets: 22 covering, consensus Strong Buy. The average target sits +63% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-15 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Why it stands out
A 2%-growth business trading at just 9.6x forward earnings, with minimal debt. That is a 86% discount to our $4,150.00 fair value: the market is pricing it cautiously while the fundamentals argue otherwise. 22 analysts rate it Strong Buy with a $3,640.00 average target, about 63% above the screened price.
The risks · The things to watch: its business and earnings are exposed to Indonesia and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
TLKM.JK trades on IDX (the company is based in Indonesia). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The framework has shifted from markdown to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 10.8% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are up 4%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (22 analysts) rates it strong buy, with a mean price target of $3657.
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 6.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 4%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (22 analysts) rates it strong buy, with a mean price target of $3657.
The framework has shifted from distribution to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 4%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (22 analysts) rates it strong buy, with a mean price target of $3657.
2026-07-30Distribution$2,660.00+0.0%Entry 10
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 4%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (22 analysts) rates it strong buy, with a mean price target of $3657. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-28Distribution$2,660.00+0.0%Entry 9
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 4%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (22 analysts) rates it strong buy, with a mean price target of $3657. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-27Distribution$2,660.00+0.0%Entry 8
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 4%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (22 analysts) rates it strong buy, with a mean price target of $3657. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-26Distribution$2,660.00+0.0%Entry 7
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 4%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (22 analysts) rates it strong buy, with a mean price target of $3657. It reported earnings in this window, a natural checkpoint for the thesis.
The framework has shifted from accumulation to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 4%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (22 analysts) rates it strong buy, with a mean price target of $3657. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-24Accumulation$2,660.00+0.0%Entry 5
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 4%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (22 analysts) rates it strong buy, with a mean price target of $3657. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-23Accumulation$2,660.00-7.0%Entry 4
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 7.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 4%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (22 analysts) rates it strong buy, with a mean price target of $3657. It reported earnings in this window, a natural checkpoint for the thesis.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
What Holding Actually Paid · Price Plus Dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$2,960.00
-5.1%
·
$949
-5.1%
2 months
$3,210.00
-12.5%
·
$875
-12.5%
3 months
$3,020.00
-7.0%
·
$931
-7.0%
6 months
$3,550.00
-20.9%
·
$792
-20.9%
1 year
$2,697.53
+4.2%
$212.47
$1,120
+12.0%
2 years
$2,790.23
+0.7%
$212.47
$1,083
+8.3%
3 years
$3,479.06
-19.2%
$558.57
$968
-3.2%
5 years
$2,806.35
+0.1%
$708.54
$1,254
+25.4%
Historical returns from market close data. Past performance does not guarantee future results.
The Ledger's Promise
This entry now belongs to the ledger. Whatever TLKM.JK does next, these words stay.
Telkom Indonesia · TLKM.JK · Distribution · $2,230.00
Recorded 2026-10-15 · before the outcome · scored mechanically