<![CDATA[This study endeavors to scrutinize the extent to which financial ratios exert influence on stock prices within companies encompassed by the Jakarta Islamic Index on the Indonesia Stock Exchange. The investigation concentrates on three principal ratios: the company's aptitude to satisfy short-term obligations, earnings per share, and the return on equity held by shareholders. This inquiry is motivated by the vicissitudes of the stock market, which frequently manifest price fluctuations, underscoring the criticality of fundamental information in investment decision-making, particularly within the realm of Sharia-compliant equities. Employing a quantitative methodology, the research harnesses secondary data sourced from financial statements and stock price movements of select corporations. Data analysis is conducted through statistical techniques to elucidate the relationship between financial ratios and stock valuations. The findings reveal that liquidity ratios wield no significant impact on stock prices, whereas earnings per share and return on equity demonstrate a substantive effect. Collectively, these three ratios, when examined conjointly, are affirmed to influence stock price variations. This outcome reinforces the perspective that investors predominantly prioritize profitability metrics over mere liquidity stability in evaluating corporate performance. Consequently, companies are encouraged to enhance profit efficiency and capital utilization. For investors, this research provides a referential framework to appraise stock prospects grounded in the fundamental strengths of enterprises, especially within the Sharia stock market milieu.]]>
