Diah Pramesti
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Menilai Kelayakan Harga Saham Bank Syariah di Indonesia Melalui Pendekatan Relative Valuation Tiara Widya Antikasari; Diah Pramesti
Journal of Islamic Economics and Finance Vol. 3 No. 1 (2023): JIEF VOL.3 NO.1 MAY 2023
Publisher : Departement of Sharia Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri K.H Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (439.447 KB) | DOI: 10.28918/jief.v3i1.7051

Abstract

The purpose of this research was to determine the intrinsic value of BRIS and BTPS issuer shares using a relative valuation approach which was analyzed using the price earning ratio (PER) method and the price-to-book value (PBV) method. Results of existing valuation analysis are used as a guide in making investment decisions by comparing the intrinsic value and the market price. This research belongs to the descriptive quantitative research with the type of data used is secondary data in the form of historical stock price data for the last five years, earnings per share (EPS) and average PER value data, and current book value per share (current BVPS) and the average PBV value of BRIS and BTPS. The research results show that BRIS and BTPS shares, valued using PER method and PBV method, indicate that the two bank shares are undervalued, which means that their stock prices tend to be cheap, so both BRIS and BTPS shares are worth buying.