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An Empirical Study Of Profitability And Liquidity On Price Earning Ratio In Banking Companies Listed On Idx For The Period 2020 – 2022 Fitria Haquei; Elis Badariah; Imat Hikmat; Bambang Hermawan; Didit Haryadi
KRAKATAU (Indonesian of Multidisciplinary Journals) Vol. 2 No. 2 (2024): Agustus
Publisher : Desanta Publisher

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Abstract

This research aims to investigate the interaction between return on assets, current ratio, and price earning ratio in Indonesia's banking sector. The objective is to gain insight into how these factors interact and affect the price-earning ratio of companies in Indonesia's banking industry. This analysis uses quantitative methods based on financial data and relevant metrics for a sample of banking sector companies in Indonesia operating in Indonesia as many as 46 companies; with purposive sampling technique, the authors get a sample of 30 companies from 2020 - 2022. This study examines the relationship between return on asset profitability, liquidity current ratio and price earning ratio through statistical analysis and linear regression modelling techniques with SPSS version 26. The results showed that the return on assets hurts the earning ratio. Liquidity current ratio does not significantly affect the price earning ratio; return on assets and current ratio do not have a considerable impact simultaneously on the price earning ratio. The findings contribute to the literature on corporate valuation by providing empirical evidence specific to the banking sector in Indonesia. This research provides implications for policymakers, investors, and managers, as it offers valuable insights into the factors that drive the earning ratio, helping stakeholders make decisions and strategies to improve performance and competitiveness. Provides benefits in the context of financial management.
Pengaruh Return On Equity, Debt To Equity Ratio Dan Earning Pershare Terhadap Harga Saham Hikmat, Imat; Elis Badariah; Anis Fuad Salam
Balance : Jurnal Akuntansi dan Manajemen Vol. 4 No. 2 (2025): Agustus 2025
Publisher : Lembaga Riset Ilmiah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59086/jam.v4i2.1033

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Return on Equity (ROE), Debt to Equity Ratio (DER), dan Earning Per Share (EPS) terhadap harga saham pada perusahaan manufaktur sub sektor pulp and paper yang terdaftar di Bursa Efek Indonesia (BEI) periode 2020–2024. Industri pulp dan kertas merupakan sektor strategis dalam perekonomian Indonesia, namun pergerakan harga saham perusahaan dalam sektor ini menunjukkan fluktuasi yang signifikan. Penelitian ini menggunakan pendekatan kuantitatif dengan teknik purposive sampling dan diperoleh 8 perusahaan sebagai sampel. Data sekunder diperoleh dari laporan keuangan tahunan perusahaan dan dianalisis menggunakan regresi linier berganda. Hasil penelitian menunjukkan bahwa secara parsial ROE berpengaruh negatif namun tidak signifikan terhadap harga saham, DER berpengaruh negatif dan tidak signifikan, sementara EPS berpengaruh positif dan signifikan terhadap harga saham. Secara simultan, ketiga variabel independen berpengaruh signifikan terhadap harga saham. Temuan ini memberikan implikasi bahwa investor perlu mempertimbangkan indikator EPS dalam pengambilan keputusan investasi, serta memperhatikan tingkat utang perusahaan yang tercermin dari DER.   This study aims to analyze the effect of Return on Equity (ROE), Debt to Equity Ratio (DER), and Earning Per Share (EPS) on stock prices of manufacturing companies in the pulp and paper subsector listed on the Indonesia Stock Exchange (IDX) for the 2020–2024 period. The pulp and paper industry is a strategic sector in Indonesia’s economy; however, the stock prices of companies within this sector have shown significant fluctuations. This research uses a quantitative approach with purposive sampling, resulting in 8 selected companies as the sample. Secondary data were obtained from the companies’ annual financial reports and analyzed using multiple linear regression. The results show that partially, ROE has a negative but insignificant effect on stock prices, DER has a negative and insignificant effect, while EPS has a positive and significant effect on stock prices. Simultaneously, the three independent variables have a significant effect on stock prices. These findings imply that investors should consider EPS as a key indicator in investment decision-making and also pay attention to the company's debt level, as reflected in the DER