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Pengaruh Earning Per Share dan Price Earning Ratio terhadap Harga Saham pada PT United Tractors Tbk. Periode 2013–2023 Oktrima, Bulan; Rianti, Lutfinaya Habibah
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 4 No. 4 (2026): November - January
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v4i4.3485

Abstract

Pasar modal memiliki peran penting sebagai sarana investasi, di mana harga saham menjadi indikator utama yang diperhatikan investor dalam menilai kinerja dan prospek perusahaan. Harga saham dipengaruhi oleh kondisi internal perusahaan yang tercermin dalam kinerja keuangan, khususnya melalui rasio Earning Per Share (EPS) dan Price Earning Ratio (PER). Tujuan dari penelitian ini adalah untuk mengetahui Pengaruh signifikan Earning Per Share terhadap Harga saham, pengaruh signifikan Price Earning Ratio terhadap Harga saham, serta pengaruh signifikan Earning Per Share dan Price Earning Ratio secara simultan terhadap Harga saham pada PT United Tractors Tbk periode 2013-2023. Metode yang digunakan dalam penelitian ini adalah metode kuantitatif dengan mengambil data laporan keuangan pada PT United Tractors Tbk. Analisis data yang digunakan adalah analisis data statistik deskriptif, analisis regresi berganda, uji koefisien determinasi, uji asumsi klasik, dan uji hipotesis.  Hasil penelitian menunjukkan bahwa variabel Earning Per Share (X1) secara parsial berpengaruh signifikan terhadap Harga Saham (Y) dengan nilai Thitung sebesar 3.445 > ttabel sebesar 2.306004 dan tingkat signifikan sebesar 0.009 < 0,05. Serta variabel Price Earning Ratio (X2) secara parsial juga berpengaruh signifikan terhadap Harga Saham (Y) dengan nilai Thitung sebesar 3.035 > ttabel sebesar 2.306004 dan tingkat signifikan sebesar 0.016 < 0,05. Berdasarkan pengujian secara silmutan,  Earning Per Share (X1) dan Price Earning Ratio (X2) secara silmutan berpengaruh signifikan terhadap Harga Saham (Y) dengan nilai Fhitung sebesar 6.055 > Ftabel sebesar 4,46 dan tingkat signifikan sebesar 0.025 < 0,05.
Pengaruh Current Ratio dan Debt to Equity Ratio terhadap Return on Assets Pada PT Waskita Karya Tbk Periode 2014-2023 Oktrima, Bulan; Rahmawati, Hanny Alfiyyah
SCIENTIFIC JOURNAL OF REFLECTION : Economic, Accounting, Management and Business Vol. 9 No. 1 (2026): SCIENTIFIC JOURNAL OF REFLECTION: Economic, Accounting, Management, & Business
Publisher : Sekolah Menengah Kejuruan (SMK) Pustek

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37481/sjr.v9i1.1405

Abstract

This study is motivated by fluctuations in the financial performance of construction companies, particularly PT Waskita Karya Tbk, which are closely related to liquidity management and capital structure decisions. In recent years, changes in short-term solvency and increasing reliance on debt have raised concerns regarding their impact on profitability. Therefore, this research aims to analyze the effect of the Current Ratio and Debt to Equity Ratio on Return on Assets, both partially and simultaneously, at PT Waskita Karya Tbk during the period from 2014 to 2023. The study adopts a quantitative method with an associative approach and utilizes secondary data obtained from the company’s annual financial statements over ten years. Data were analyzed using SPSS version 25 through classical assumption tests, multiple linear regression analysis, partial tests, simultaneous tests, and the coefficient of determination. The results indicate that the Current Ratio does not have a significant effect on Return on Assets, suggesting that high liquidity does not necessarily reflect efficient asset utilization. In contrast, the Debt to Equity Ratio has a significant negative effect on Return on Assets, indicating that excessive debt financing can reduce profitability. Simultaneously, both variables significantly influence Return on Assets, implying that liquidity and capital structure jointly play an important role in determining financial performance. These findings emphasize the need for balanced financial management to improve corporate profitability.
Co-Authors Ade Ratna Sari Ade Ratna Sari, Ade Ratna Akbar, Arief Rahman Ali Zaenal Abidin Ali Zaenal Abidin Ali Zainal Abidin Ali Zainal Abidin Amelia, Hilda Nur Anjani, Fera Aria Aji Priyanto Arief Rahman Akbar Asridah Warni Tanjung AYU LESTARI Baliyah Munadjat Munadjat Budhi Prabowo Budi Sutrisno Cay, Sam DARSITA, ITA Derita Qurbani Dewi Kurnia Dewi Nari Ratih Permada Ega Saputri J., Andriny Eko Sudarso Eko Sudarso Eti Ariyanti Fahmi Susanti Febriyanti Feliana, Lia Fidia Safitri Gina Fauziah Gos Ishak Handayani, Pamella Saras Hendri Prasetyo HENDRI PRASETYO Heri Saputra Hestu Nugroho Warasto Hira Maulida Indriani, Vini Intan sari Budhiarjo Irawati, Laila Ishak, Gos Ita Darsita Jamaludin . Jamaludin Jamaludin Jati, Waluyo Krisnaldy Laila Irawati Maulida, Hira Metarini, Rr. Ayu Muhammad Iqbal Juliansyah Muliahadi Tumanggor Muliahadi Tumanngor Munadjat, Baliyah Munadjat Novratilova Riani Nurmin Arianto Nursanda Putri, Fika Nurwita Nurwita Nurwita, Nurwita Pasaribu, Veta Lidya Delimah Permada, Dewi Nari Ratih Priyanto, Aria Aji Putri, Firliana Andita Qurbani, Derita Rahmawati, Hanny Alfiyyah Rianti, Lutfinaya Habibah Rifa’i, Rohman Risza Putri Elburdah Rohman Rifa’i Rr Ayu Metarini Rr. Ayu Metarini Rusilowati, Umi Safan, Azian M. Sairin Sairin Saputra, Heri Shelby Virby Styo Budi Utomo Sudarso, Eko Sulaiman Sulaiman Sulaiman Sulaiman Sulaiman Sulaiman Sumiaty, Raden Yeti Supardi Supardi Supardi Supardi Susanti, Fahmi Tanjung, Jepri Tri Wartono Tumanngor, Muliahadi Ugeng Budi Haryoko Utomo, Styo Budi Veta Lidya Delimah Pasaribu Wahyudi Wahyudi Waluyo Jati Waluyo Jati Wartono, Tri Widia Astuti Widia Astuti