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Journal : Golden Ratio of Data in Summary

Influence of Earnings per Share and Price to Earnings Ratio on Stock Price: A Study on PT. Astra International Tbk in 2020–2024 Period Vidada, Irwin Ananta; Saridawati, Saridawati; Aliudin, Raden Muhammad Tedy; Suprianto, Agung; Sabariah, Etika
Golden Ratio of Data in Summary Vol. 6 No. 1 (2026): November - January
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grdis.v6i1.1720

Abstract

This study examines the impact of earnings per share (EPS) and price-to-earnings ratio (P/E ratio) on the stock price of PT Astra International Tbk during the 2020–2024 period. Addressing the research gap in post-pandemic valuation studies within Indonesia's automotive sector, this research employs a quantitative approach using quarterly secondary data obtained from official financial reports and stock market records. Classical assumption tests confirm that the regression model satisfies the criteria for normality, multicollinearity, heteroskedasticity, and autocorrelation, ensuring the robustness of the analysis. The results demonstrate that both EPS and PER have a positive and significant impact on stock prices, indicating that profitability and valuation measures are critical determinants of market value. These findings underscore the importance of fundamental analysis in informing investment decisions and provide empirical evidence for investors and financial analysts seeking to assess corporate performance in emerging markets.
Co-Authors Adi Supriyatna Agung Suprianto Al Hafizh, M. Reza Aliudin, Raden Muhammad Tedy Alvina, Trias Amallia, Novi Annisa Nurul Liviany Annisa, Khairin Aprillia , Mega Arif Dian Rahmawati Aryana, Nasdian Ayuni, Ayuni Bella Pratiwi Br.Malau, Irma Yanti Celysabeta Marta Hutabarat Christien, Dahlia Denny Erica Dewi, Shilfa Septiana Endah Wardani, Endah Ethic, Sabariah Etika Sabariah Fairuz, Zahra Putri Fitrianingsih, Dessy Hardani, Sri Hoiriah, Hoiriah Hutagalung, Chaterina Charessa Indah, Alika Indarti, Wahyu Irwandy, Ade Irwin Ananta Vidada Istiatik, Dasih Irma Istiqamah, Aziza Jantenes, Luis Khikmah, Saniyatul Khoirunaya, Shahnaz Kumorojati, Inggit Lidtwin Titirloloby, Emiliana Maharani, Risma Septi Mardianti, Mia Mari Rahmawati MARIA BINTANG Mariska Wijaya, Mawar Mega, Dini Mesye Laila Migeli, Fanny Mujiaty, Yulia Mukti, Nanda Danur Setiya Nabila, Salwa Nina Barokah Nina Sri Rahayu Noorend, Fariz Maulana Novayanti, Deasy Nur Agustin, Merlin Nurputri Hasanah, Tarisa Pangaribuan, Ruth Dahlia Paramitha, Dewi Putri, Illyin Sekar Putri, Nadila Ananda Raden Mohamad Herdian Bhakti Rahma Annisa Saraswati Rahmawati, Nadia Raidatullah, Selika Rahma Raihanah, Syahla Ramadina Fadila Wibisono RANI RANI, RANI Ratih Setyo Rini Regina, Devanka Regina, Putri Safitri, Mutiara Indah Sagita, Renatha Salsabila, Lyra Agusta Salwa, Hanifah Aufa Sari, Vianita Kumala Sembiring, Rhenda Basya Sephia Surya Utami, Andini Shildan, Difa Maris Shofa, Ghaitsa Zhahira Simamora, Rotua Tiofanta Siti Mutmainah Sonatha, Anggrita Sri Astuti Sukathen, Fauzy Putra Suminten, Suminten Suryani, Rani Teni Agustina Tirta Aprilia, Tania Tukan, Mechtildis Berliana Wahyu Indrarti Widiyastuti, Kania Wijayanti, Devi Ayu Wowor, Afelini Michelle Yoanisa Mefia, Sheilla Yuniar, Nuning Yusdiman, Wawang Zahra, Syaqina Lailatul