TLKM.JK Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	228.71T EUR	231.67T EUR	302.53T EUR	344.71T EUR
Enterprise Value	269.62T EUR	257.97T EUR	333.72T EUR	385.74T EUR
Valuation Multiples
Trailing P/E	13.4x	13.52x	18.88x	29.52x
Forward P/E	8.89x	--	--	--
Price to Sales	1.53x	1.55x	2.05x	3.13x
Price to Book	1.71x	1.96x	2.25x	2.65x
EV/Revenue	1.8x	1.72x	2.27x	3.5x
EV/EBITDA	4.21x	3.47x	4.57x	7.03x
Price to FCF (P/FCF)	3.99x	5.71x	7.67x	12.7x
EV/FCF	4.7x	6.36x	8.47x	14.22x
FCF Yield	25.07%	17.5%	13.03%	7.87%