May 2026
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Largest TV Broadcasting Public Companies in Indonesia
Benchmark revenue and EBITDA valuation multiples for public comps like
Emtek, Surya Citra Media, MNC Media, MDTV Media Technologies and MNC Asia Holding.
 | PT Elang Mahkota Teknologi Tbk is an Indonesian integrated group engaged in services, trading, construction, and industry. The group is engaged in media, health, aviation support services, and other business segments through its investments in several subsidiaries. Media segment includes five Free-to-Air (FTA) television stations: SCTV, Indosiar, Mentari TV, Ajwa TV, and Moji; Health segment operates in the health sector by managing private hospitals, aviation support services, ground handling, cargo handling, aircraft dispatch, maintenance, catering, and flight training. The others include connectivity, provision of banking services, financial services, infrastructure technology, internet solutions, investment, and other initiatives. It derives maximum revenue from the Media segment. | $0 | +19% | $2B | $700M | 0.7x | 1.2x | ||
| PT Surya Citra Media Tbk is a holdings company that provides multimedia services, the television broadcasting industry. The company operates as a free-to-air television broadcasting station. The majority of the company's revenue comes from Indonesia. The company operates numerous channels that display content throughout Indonesia. The company produces its own content for both television and feature films through its subsidiary PT Screenplay Produksi and provides mass media consultation services. | $0 | +46% | $818M | $704M | 1.8x | 10.0x | ||
| PT Media Nusantara Citra Tbk is a diversified media company. The business is divided into four segments, which include Advertisement; Content Subscription; and Others. It derives maximum revenue from Advertisement Segment The firm offers pay video service (live streaming, VOD, original productions, and other creative content), news aggregator, audio aggregator, television stations, radio interests, print media, production business, online content, and advertising. | $0 | -19% | $154M | $157M | 0.2x | 0.6x | ||
| PT MDTV Media Technologies Tbk, formerly PT Net Visi Media Tbk, is a holding company. Along with its subsidiaries, it carries out business activities in the media industry. It is engaged in Artist Management, Television Broadcasting, Content Production, and Digital Media. The company has only one main business segment, namely Media. | $0 | -58% | $150M | $172M | 37.0x | (12.0x) | ||
| PT MNC Asia Holding Tbk is an investment company that operates in the diversified media industry. The company operates through four strategic business sectors: Media & Entertainment, Financial Services, Tourism & Hospitality, and Energy. The company generates the majority of its revenue from the Media & Entertainment through advertising and content business. | $0 | +3% | $126M | $105M | 0.1x | 0.6x | ||
| PT Global Mediacom Tbk is a diversified media company operating in the entertainment industry. The company operates in three business segments: advertising and content, pay TV, broadband, and Others. Its segment, advertising and content, provides advertisement-based media, subscriber-based media, and free-to-air media content. The pay-TV and broadband segment distributes television channels and has other businesses, such as radio and print media. The other business segment creates mobile app games, among many other ventures. The company generates the vast majority of its revenue in Indonesia. | $0 | -8% | $114M | $260M | 0.5x | 1.9x | ||
| PT MNC Vision Networks Tbk core business consists of DTH post-paid and prepaid Pay TV, Fixed Broadband and Fiber optic Pay TV service, Android OTT Box, OTT Platform, and Local Cable Operator, content production that serves exclusively for the group. Its segments include Satellite services, Digital IPTV and broadband services, and others. The company generates the majority of its revenue from Satellite services. | $0 | +15% | $80M | $10M | 0.1x | (2.4x) | ||
| Median | $0 | +3% | $150M | $172M | 0.5x | 0.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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