Alamsjah, Wahyudi
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Analysis of the impact of financial performance indicators on the stock valuation of IDX30 companies in the Indonesia Stock Exchange Alamsjah, Wahyudi; Sugiharto, Totok
Enrichment : Journal of Management Vol. 14 No. 5 (2024): December: Management Science And Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v14i5.2112

Abstract

This study objective is to evaluate and analyze the impact of financial performance indicators using Cash Ratio (CR), Total Asset Turnover (TATO), Net Profit Margin (NPM), and Earnings Per Share (EPS) on Stock Valuation that measured by Price to Book Value (PBV). Company valuation is important for investors on the Indonesia Stock Exchange (IDX). The research sample consists of 13 IDX30 companies, selected by using purposive sampling over the period of 2018–2022. Quantitative descriptive analysis and multiple linear regression tests are used to evaluate whether there is an interaction between the variables studied. The results of the study indicate the influence of CR, TATO, NPM, and EPS on PBV. Although CR does not show a significant effect on PBV, however, TATO, NPM, and EPS have a significant influence on PBV