$TLK (PT Telekomunikasi Indonesia Tbk) dropped its latest earnings on May 25, 2026, and the headline numbers were rough. Revenue slipped 1.7% year over year — a modest top-line decline on its own, but the bottom line told a sharper story. EPS fell 57.1% year over year, a significant compression that signals costs, non-operating items, or both are eating into what the business generates for shareholders.
As of May 22, 2026, $TLK trades at $16.32 with a market cap of $16.14B. The trailing P/E sits at 16.5x, while the forward P/E drops to 10.6x — a gap that suggests the market expects earnings to recover meaningfully from this depressed base. Whether that recovery materialises is the open question. We do not have guidance commentary from management to anchor that expectation.
The ACCE score currently stands at 45 out of 100, placing $TLK in the lower half of our scoring framework. That score reflects the deteriorating earnings trend alongside the modest revenue contraction.
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What it means
A 57.1% drop in EPS is not a rounding error. Even if one-time charges or currency effects contributed to the decline, a number that large demands scrutiny. The 1.7% revenue dip is comparatively small, which means the damage happened further down the income statement — margins, interest expense, or write-downs are the likely culprits, though the data we have does not break that out.
The dividend yield of 7.9% is notable. At $16.32 per share, that yield is high enough to attract income-focused attention, but a 57.1% EPS decline raises a fair question about sustainability. High yields can reflect genuine cash generation or they can reflect a payout that has not yet caught up with falling earnings. Again, without guidance or a payout-ratio breakdown, that question stays open.
The analyst consensus target of $24.10 implies substantial upside from the current $16.32 price — roughly 48%. That gap between price and target is wide, and the forward P/E of 10.6x suggests analysts are modeling a meaningful earnings rebound. The ACCE score of 45 is more cautious than that consensus view.
$TLK operates in Indonesian telecommunications, a market with real long-run demand drivers, but this earnings print does not support a straightforward bullish read. The forward multiple and analyst target price are worth watching as more detail from the earnings call filters through.
For the current price and updated metrics, see acceinvestments.com/stocks/TLK.
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