The purpose of this research is to examine the relationship between influence of debt to equity ratio, earnings per share on stock returns. This thesis uses a quantitative approach with a sample of 10 companies from the food and beverage sector listed on the Indonesia Stock Exchange for the 2019-2023 period, taken using a purposive sampling technique. The data was collected over a 5 year period, resulting in a total of 50 financial reports being observed. Based on partial test results, the debt to equity ratio (X1) variable has a regression coefficient of 0.220 with an error rate of 5% (0.220>0.05), indicating that investment decisions have an insignificant effect on stock returns. The earnings per share variable (X2) has a regression coefficient of 0.707 with an error rate of 5% (0.707>0.05) indicating that earnings per share has no significant effect on stock.
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