Fundamental Analysis of Financial Ratios on Stock Prices

Tarmidi, Deden; Pramukty, Rachmat; Akbar, Taufik

doi:10.36348/sjef.2020.v04i05.003

Cited by 7 publications

(6 citation statements)

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“…For instance, financial ratios such as return on assets (ROA) (1), current ratio (CR) (2), total assets turnover ratio (TATO) (3) and financial leverage ratio (4) have been demonstrated to exert a noteworthy positive influence on stock prices [3]. Moreover, fundamental analysis that is based on financial ratios has been shown to be a highly effective method for analyzing stock prices.…”

Section: The Stable Economic Environmentmentioning

confidence: 99%

“…In situations where the economic landscape is deemed unstable, there tends to be a weakening in the correlation that exists between financial ratios and the prices of stocks. Numerous studies have been conducted on this subject matter, which has concluded that certain financial ratios such as CR, return on equity (ROE) (5), ROA and earnings per share (EPS) (6) have a positive and significant impact on stock prices, regardless of the economic stability [3]. However, there are contradicting studies which suggest that the correlation between financial ratios and stock prices may diminish when the economic environment is unstable.…”

Section: The Unstable Economic Environmentmentioning

confidence: 99%

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Relationship Between Financial Ratios and Stock Prices: Industry Disparities in Stable Economic Environment in China

Wang

2024

AEMPS

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After the extensive and thorough cleanup and overhaul of the Chinese stock market in 1995, there followed a period of remarkable and noteworthy development, which was accompanied by an equally steady and stable growth of the Chinese economy. In the current economic climate, characterized by favorable conditions, shareholders' demand for energy conversion stock prices has become increasingly intense, thereby necessitating the intervention and involvement of financial ratios in regulating and modulating stock prices. This academic paper will employ a number of analytical tools and techniques, such as literature analysis and case studies, to examine the correlation between financial ratios and stock prices in China. The focus will be on the financial, pharmaceutical, and real estate industries, with particular attention paid to stable economic environments. The findings and results of this study have established that in a stable economic environment in China, the different financial ratios are highly adaptable and malleable to different industries when analyzing stock prices.

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Section: The Stable Economic Environmentmentioning

confidence: 99%

Section: The Unstable Economic Environmentmentioning

confidence: 99%

Relationship Between Financial Ratios and Stock Prices: Industry Disparities in Stable Economic Environment in China

Wang

2024

AEMPS

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“…Investor juga perlu melakukan analisis saham dengan pendekatan teknikal. Analisis saham berdasarkan pendekatan fundamental dan teknikal dilakukan investor dalam memprediksi harga saham di Bursa Efek Indonesia (Tarmidi et al, 2020). Kepemilikan saham menjadi bukti yang menunjukkan besarnya hak kekayaan dalam suatu organisasi.…”

Section: Kajian Pustaka Harga Sahamunclassified

Analisis Pengaruh Rasio Keuangan Terhadap Harga Saham Perbankan Komersial Pada Indeks Idx-Pefindo

Sukmana,

Muchtar

2024

SLSI

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Penelitian ini bertujuan untuk menganalisis pengaruh Rasio Keuangan terhadap Harga Saham Perbankan Komersial pada indeks IDX-PEFINDO yang terdaftar pada Bursa Efek Indonesia. Teknik pengumpulan data yang digunakan dalam penelitian ini adalah purposive sampling dengan sampel yang digunakan untuk penelitian ini adalah 9 perbankan komersial pada indeks IDX-PEFINDO yang terdaftar pada Bursa Efek Indonesia. Variabel bebas dalam penelitian ini adalah Net Profit Margin (NPM), Earning per Share (EPS), Return on Equity (ROE), dan Debt to Equity Ratio (DER) sedangkan variabel terikat yaitu harga saham pada indeks IDX-PEFINDO yang terdaftar di Bursa Efek Indonesia pada tahun 2016-2022. Metode yang digunakan dalam penelitian ini adalah regresi data panel. Analisa data menggunakan SPSS versi 25 dan Eviews versi 9.Hasil regresi data panel menunjukkan bahwa Net Profit Margin (NPM) berpengaruh positif signifikan terhadap harga saham, Earning per Share (EPS) tidak berpengaruh terhadap harga saham, Return on Equity (ROE) tidak berpengaruh terhadap harga saham, dan Debt to Equity Ratio (DER) berpengaruh negatif signifikan terhadap harga saham.Implikasi bagi perbankan komersial yaitu diharapkan dapat meningkatkan rasio keuangan dengan melakukan manajemen utang, peningkatan laba per saham dan dividen untuk menarik investor.

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“…The issuer's annual report, including the financial statements, is one of the pieces of information investors use to assess the issuer's performance to indicate the company's management skills. Information about earnings is still used by investors technically in analysing the issuer's performance (Tarmidi et al, 2020), although sometimes the earnings information does not help investors in return prediction and can even be misleading (Sari & Febriyanto, 2019), so the quality of earnings is very necessary for the financial statements published by issuers (Shahzad et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Supervisory Function And Earnings Quality: Gender Analysis

Deden Tarmidi,

Nurlis,

Sormin

et al. 2024

Jurnal Akuntansi

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Gender analysis of independent commissioners and audit committees in carrying out supervisory functions and their impact on the entity’s earnings quality is the purpose of this study. With the unit of analysis of manufacturing companies listed on the Indonesia Stock Exchange from 2015 to 2021, using multiple linear regression analysis methods with STATA software in analysing 745-panel data, this study found a positive effect of multi-gender independent commissioners on earnings quality but has a negative impact on mono-gender where female independent commissioners are more significant than male. While gender diversity in the audit committee does not affect earnings quality, even so, the supervisory function carried out by the male audit committee is more significantly positive than that of the female. Based on these results, owners can appoint multi-gender independent commissioners and mono-gender audit committees for proper supervisory functions, especially in preparing financial statements to improve earnings quality.

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Fundamental Analysis of Financial Ratios on Stock Prices

Cited by 7 publications

References 0 publications

Relationship Between Financial Ratios and Stock Prices: Industry Disparities in Stable Economic Environment in China

Relationship Between Financial Ratios and Stock Prices: Industry Disparities in Stable Economic Environment in China

Analisis Pengaruh Rasio Keuangan Terhadap Harga Saham Perbankan Komersial Pada Indeks Idx-Pefindo

Supervisory Function And Earnings Quality: Gender Analysis

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