Davin Surjanto
Universitas Pelita Harapan

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

LQ45 Stock Price Valuation Analysis Using Price to Book Value (PBV) and Price Earning Ratio (PER) Variables from 2016-2020 Davin Surjanto; Totok Sugiharto
Enrichment : Journal of Management Vol. 12 No. 1 (2021): November: Management Science
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1022.958 KB)

Abstract

The research was conducted with the aim of knowing the effect of the stock valuation method on the company's stock price for the last five years. The sample used is consistent companies listed in the LQ45 index from 2016 – 2020 with quarterly data. Data analysis was performed using multiple linear regression because there is 1 dependent variable (stock price) and 2 independent variables (price to book value (PBV) and price earning ratio (PER)). The results of the study stated that the stock price was most influenced by the price to book value (PBV) in this study, while the price earning ratio (PER) did not affect the stock price in this study. However, based on the results of simultaneous testing, it is found that price to book value (PBV) and price earning ratio (PER) simultaneously affect stock prices.