This reseach aimed to examine the effect of Dividend Payout Ratio (DPR) , Rate of Return (RR), Dividend Growth (G) dan Return on Asset (ROA) of Price Earning Ratio (PER) on companies at Indonesia Stock Exchange in the period 2009-2012. The method of analysis used is multiple regression analysis. Prior to the statistical t test and F test (ANOVA) for multiple regression equation, performed first classical assumption test consisting of data normality, autocorrelation, multicolinearity and heterocedastisity. The samples in this study were 19 companies in IDX period 2009-2012. The results showed that the Dividend Payout Ratio (DPR) have a significant influence on Price Eraning Ratio (PER) are shown with t value (0.000) which is less than α (0.05 ). Meanwhile, the Rate of Return (RR), Dividend Growth (G) and Return on Asset (ROA) had no significant effect Price Earning Ratio (PER) for t value Shows a value greater than α (0.05). The coefficient of determination is 0.574 which shows that only 57.4% change in the Price Earning Ratio (PER) is determined by the independent variables in the model used in this study.
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