Teguh Prabu Atmajaya
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The Influence of Market Ratio and Profitability Ratio on Stock Prices of Energy Subsector Companies on the Indonesia Stock Exchange for the 2022–2024 Period Teguh Prabu Atmajaya; Nisa' Ulul Mafra; Santi Puspita
Jurnal Media Wahana Ekonomika Vol. 23 No. 3 (2026): Jurnal Media Wahana Ekonomika, Oktober 2026
Publisher : Universitas PGRI Palembang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31851/jmwe.v23i3.22340

Abstract

The objective is to determine whether liquidity and activity partially or This study was conducted to examine the effect of Price to Book Value (PBV), Return on Assets (ROA), and Net Profit Margin (NPM) on the stock prices of companies in the energy subsector on the Indonesia Stock Exchange (IDX) during the 2022-2024 period. The research sample consisted of 13 companies selected using purposive sampling. Data analysis was done using multiple linear regression with SPSS 26. The results showed that, individually, Price to Book Value (PBV) does not have a significant effect on stock prices (Sig. 0.187 > 0.05). Similarly, Net Profit Margin (NPM) also does not have a significant effect on stock prices (Sig. 0.256 > 0.05). On the other hand, Return on Assets (ROA) was proven to have a positive and significant effect on stock prices (Sig. 0.000 < 0.05).  Simultaneously, the variables PBV, ROA and NPM significantly affect the stock prices of energy subsector companies on the IDX during the 2022-2024 period (Sig. 0.000 < 0.05). Keywords: Price to Book Value (PBV), Return On Assets (ROA), Net Profit Margin (NPM), Stock Price.