“…Previous research, [5] support the theory that ROA has a significant effect on stock prices, on the contrary research by [6], [7] state that ROA has no significant effect on the stock price. From the report of Forbes magazine, it appears that BRI, Bank Mandiri, BCA and BNI have very large assets (the amount of the asset for each bank is $ 63.7B, $ 66B, $ 43.1B, $ 38.4B), but lower than their market value (the amount of each bank is $ 20.4, $ 17.6B, $ 24.5B, $ 6.9B).…”