Islamic Economics and Finance Journal
Vol 5 No 1 (2026): February 2026

Pengaruh Kinerja Keuangan Terhadap Nilai Saham PT Astra Agro Lestari Tbk di Bursa Efek Indonesia Periode 2020–2024

Andi Asti Astagina (Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Makassar, Indonesia)
Abdul Mutalib (Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Makassar, Indonesia)
Sahabuddin N (Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Makassar, Indonesia)



Article Info

Publish Date
17 Aug 2026

Abstract

This study aims to examine the effect of financial performance, specifically measured through the Current Ratio (CR), Debt to Assets Ratio (DAR), and Earnings Per Share (EPS), on the stock price of PT Astra Agro Lestari Tbk listed on the Indonesia Stock Exchange (IDX) for the 2020–2024 period. The research uses a quantitative associative approach and secondary data from the company's annual financial reports, with analysis conducted through multiple linear regression using SPSS version 26. The results show that, partially, the Current Ratio (CR) and Debt to Assets Ratio (DAR) have a positive and significant effect on the stock price, whereas Earnings Per Share (EPS) has a significant effect with the negative direction. Simultaneously, CR, DAR, and EPS collectively exert a significant influence on the stock price, with an adjusted coefficient of determination (R2) of 86.1%, confirming that the regression model possesses a strong capability in explaining the variations in the stock price.

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Journal Info

Abbrev

iefj

Publisher

Subject

Economics, Econometrics & Finance

Description

The Islamic Economics and Finance Journal is a journal that provides an authoritative source of scientific information for researchers and scholars in academia, research institutions, government agencies, and industry. Published semiannually (February and August) by Scimadly Publishing. The editors ...