Pengaruh Current Ratio, Debt to Equity Ratio, Inventory Turnover dan Return on Equity Terhadap Price Earning Ratio

Odelia, Thio Kori Karunia; Wibowo, Bonifatius Junianto

doi:10.24167/jemap.v2i2.2390

Cited by 3 publications

(5 citation statements)

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“…This means that the DER variable partially has a significant effect on the PER of LQ45 companies listed on the Indonesia Stock Exchange in 201 6-20 21. This result is different from the research conducted by (R. P. the variable debt to equity ratio has a positive and significant effect on the price earning ratio, and the same as the research conducted by (Odelia & Wibowo, 2020) Debt to Equity Ratio does not have a significant effect on the Price Earning Ratio, and Research conducted by (Jusmansyah, 2020) Debt to Equity Ratio does not have a significant effect on Price Earning Ratio.…”

Section: The Effect Of Der On Percontrasting

confidence: 95%

“…This means that the CR variable has no significant effect on the PER of LQ45 companies listed on the Indonesia Stock Exchange in 201 6-20 21. This result is in line with research conducted by (Yosefa et al, 2020) the current ratio does not have a significant effect on the price earning ratio, and research conducted by (Odelia & Wibowo, 2020) the Current Ratio, does not have a significant effect on the Price Earning Ratio.…”

Section: The Effect Of Cr On Persupporting

confidence: 89%

“…Furthermore, according to (Odelia & Wibowo, 2020) Current Ratio, Debt to Equity Ratio, Return on Equity does not have a significant effect on the Price Earning Ratio and according to (Jusmansyah, 2020) ROA has a significant effect on PER while the Current Ratio, Debt Equity Ratio does not have a significant effect on the Price Earning Ratio.…”

Section: Introductionmentioning

confidence: 80%

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The Determinants of Price Earning Ratio: Evidence from Indonesia

Neldi,

Hady,

Elfiswandi

et al. 2023

J. of Law and Sust. Develop.

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Purpose: This paper aims to examine the determinants of the Price Earning Ratio of LQ45 Companies listed on the Indonesia Stock Exchange 2016-2021. Theoretical framework: Price Earning Ratio (PER) is a comparison between market price per share and earnings per share, PER is the ratio used by investors to value a company's shares, Price Earning Ratio (PER ) as a way of valuation to find out the true value of shares of a company. This PER is used to analyze stock prices that show unreasonable prices, (Fahmi, 2016) . Meanwhile, (Wahyudiono, 2014) Price Earning Ratio (PER) is a ratio that shows the comparison between the price of shares in the primary market offered compared to the income received. Design/Methodology/Approach: Sampling in this study was carried out by purposive sampling, meaning that the sample selection method was selected based on judgment sampling, which means the selection of samples was not random, the information obtained with certain considerations. Using Panel Data regression to determine the determinants of the Price Earning Ratio in LQ45 companies in Indonesia from 2016 to 2021. Findings: This study reveals that the five determinants of the Price Earning Ratio (Debt to Equity Ratio, Return On Assets, Firm Size, Sales, and Dividend) have a significant effect on the price earning ratio. The Debt to Equity Ratio has a positive correlation with the Price Earning Ratio, while Return On Assets, Firm Size, Sales and Dividend has a negative correlation with the Price Earning Ratio. In addition, one other variable, the current ratio, has no significant effect on the Price Earning ratio. The shares of SMGR, ASII, HMSP, TLKM, BBCA are the most expensive shares when viewed from the ratio of share prices to earnings, and shares of TKIM, ITMG, INKP, ADRO, PGAS are the cheapest share prices when viewed from the ratio of share prices to company profits period 2016-2021 Research, practical & social implications: where the findings of this study prove that ROA, Sales, and Dividend have a significant negative effect on PER, meaning that if a company wants a share price ratio (PER) value that is attractive to investors (the lower the PER the more attractive it is to investors), then the company must increase profits, sales growth and the value of the company's cash dividends. Furthermore, for investors, the findings of this study prove that SMGR, ASII, HMSP, TLKM, BBCA shares are the most expensive stock prices when viewed from the ratio of share price to earnings earned during the 2016-2021 period. And TKIM, ITMG, INKP, ADRO, PGAS shares are the cheapest share prices when viewed from the ratio of share prices to company profits for the 2016-2021 period. So this will be a consideration for investors in choosing the best stock portfolio for stock investment on the Exchange. Originality/Value: LQ45 companies listed on the Indonesia Stock Exchange for the period 2016-2021 were recruited as the research sample. However, the controversy and inconsistency of the results is debatable.

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Section: The Effect Of Der On Percontrasting

confidence: 95%

Section: The Effect Of Cr On Persupporting

confidence: 89%

Section: Introductionmentioning

confidence: 80%

See 1 more Smart Citation

The Determinants of Price Earning Ratio: Evidence from Indonesia

Neldi,

Hady,

Elfiswandi

et al. 2023

J. of Law and Sust. Develop.

View full text Add to dashboard Cite

show abstract

“…The probability value is 0.07 > 0.05, which shows that DER has not a direct effect on the ROA. The result of this research is supported by (Odelia & Wibowo, 2019) research. The increasing proportion of debt and equity has not always affected the increasing the company's ROA and otherwise.…”

Section: ) Hypothesis Testsupporting

confidence: 64%

“…The results of research Sultan & Adam,(2015) in Iraq show that capital structure as measured by DER has a significant and positive effect on profitability. The results of research by Odelia & Wibowo, (2019) on the automotive industry show that the debt to equity ratio (DER) has no effect on the price earning ratio (P/E). Financial leverage has a positive effect on company performance (Fosu, 2013).…”

Section: Introductionmentioning

confidence: 99%

Debt to Total Asset Ratio, Debt to Equity Ratio, and Company’s Value With Roa as Meditation

Maria¹,

Andiani²

2021

Jmbi

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This study analyzes the effect of debt to asset ratio (DAR) and debt to equity ratio (DER) with price earning ratio (PER) and profitability as measured by return on assets (ROA) as the mediating variable. The research was conducted in mining sector companies on the Indonesia Stock Exchange (BEI) with a population of 50 companies. Sampling was done by using purposive sampling method, which takes into account the availability of data during the observation period, namely 2016 - 2019, so 19 companies were selected. The collected data were analyzed using eviews 10. The results of the analysis show that DER has no direct effect on ROA, DAR has a significant and negative effect on ROA, so that increasing DAR will reduce ROA. DAR and DER do not directly affect PER. ROA directly has a positive and significant effect on PER. ROA is not proven to be a variable that mediates the effect between DER, DAR and PER

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Financial Analysis of Costco Wholesale Corporation: Exploring the Strengths and Weaknesses

Rahman

2020

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Pengaruh Current Ratio, Debt to Equity Ratio, Inventory Turnover dan Return on Equity Terhadap Price Earning Ratio

Cited by 3 publications

References 0 publications

The Determinants of Price Earning Ratio: Evidence from Indonesia

The Determinants of Price Earning Ratio: Evidence from Indonesia

Debt to Total Asset Ratio, Debt to Equity Ratio, and Company’s Value With Roa as Meditation

Financial Analysis of Costco Wholesale Corporation: Exploring the Strengths and Weaknesses

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