Analisis Debt to Equity Ratio, Earning Per Share, Return on Assets Dan Price Earning Ratio Terhadap Harga Saham

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Debt to Equity Ratio (DER), Earning Per Share (EPS), Return on Assets (ROA) terhadap Harga Saham dengan Price Earning Ratio (PER) sebagai Variabel Intervening. Penelitian ini menggunakan metode kuantitatif. Jenis data sekunder bersumber dari laporan keuangan Bursa Efek Indonesia yang telah dipublikasikan. Analisis data menggunakan analisis jalur (path analysis).Hasil penelitian menunjukkan: (1) Debt to Equity Ratio tidak berpengaruh signifikan terhadap Price Earning Ratio; (2) Earning per Share tidak memberikan pengaruh secara signifikan terhadap Price Earning Ratio; (3) Return on Assets memberikan pengaruh signifikan terhadap Price Earning Ratio; (4) Debt to Equity Ratio tidak berpengaruh signifikan terhadap Harga Saham; (5) Earning per Share memberikan pengaruh signifikan terhadap Harga; (6) Return on Assets tidak memberikan pengaruh signifikan terhadap Harga Saham; (7) Price Earning Ratio tidak berpengaruh signifikan terhadap Harga Saham; (8) Debt to Equity Ratio, Earning per Share, dan Return on Assets secara simultan berpengaruh signifikan terhadap Price Earning Ratio; (9) Debt to Equity Ratio, Earning per Share, Return on Assets dan Price Earning Ratio secara simultan berpengaruh signifikan terhadap Harga Saham; (10) Debt to Equity Ratio, Earning per Share dan Return on Assets secara simultan berpengaruh signifikan terhadap Price Earning Ratio.

The Influence of Return on Equity, Current Ratio, and Price Earnings Ratio on Stock Prices in Mining Sector Companies in 2019-2022 Listed on the Indonesian Stock Exchange

“…Apart from that, this research also indicates that a high price-earnings ratio does not mean the company has good performance for investment. The results of this research are in line with previous research, namely, which states that the price-earnings ratio does not influence stock prices (Dewi & Utiyati, 2017;Fajrian & Sumawidjaja, 2018;Suharti & Tannia, 2020).…”

“…According to research (Beliani & Budiantara, 2017;Ratih et al, 2016) found that the Price Earning Ratio has a positive effect on stock prices. However, different research conducted by Fajrian & Sumawidjaja (2018); Suharti & Tannia (2020); Dewi & Utiyati (2017) ound that the Price Earning Ratio did not affect stock prices.…”

The Effect of Return on Equity (ROE) and Earning per Share (EPS) on Stock Prices In Indonesia Stock Exchange 2015-2018

“…the company's stock price, thereby encouraging investor interest to invest (Indriawati & Nurfadillah, 2020). The results of empirical studies prove that Earning per Share (EPS) has an influence on stock prices, such as empirical studies (Marcellyna & Hartini, 2011); (Choirani, 2013); (Muksal, 2015); (Yumia & Khairunnisa, 2015); (Wicaksono, 2015); (Saryanti, 2015); (Mujiono, 2017); (Fajrian & Sumawidjaja, 2018); (Lilianti, 2018); (Azmy, Ahmad;Lestari, 2019); (Alifiawan et al, 2019); and (Indriawati & Nurfadillah, 2020). However, there are also contradictory findings that Earning per Share (EPS) does not have an effect on stock prices, such as empirical studies (Aning Tyas & Septa Saputra, 2016); (Sumaryanti, 2017); and (Andry, 2017).…”

Return on Asset, Current Ratio, Debt to Asset Ratio, and Operating Cash Flow on Stock Price of Companies Listed in the Jakarta Islamic Index Period 2016 – 2021

“…According to research conducted by Kundiman (2016) and Sari (2021), Return On Assets (ROA) has a significant effect on stock prices. However, contrary to Fajrian & Sumawidjaja (2018) and Wicaksono & Sari (2019), Return On Assets (ROA) does not have a significant effect on stock prices. The Leverage Ratio functions to measure the amount of company assets financed by debt.…”