PENGARUH DEBT TO EQUITY RATIO (DER), PRICE EARNING RATIO (PER), DAN EARNING PER SHARE (EPS) TERHADAP HARGA SAHAM PADA PERUSAHAAN SUB SEKTOR INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BEI

Abstract

PENGARUH DEBT TO EQUITY RATIO (DER), PRICE EARNING RATIO (PER), DAN EARNING PER SHARE (EPS) TERHADAP HARGA SAHAM PADA PERUSAHAAN SUB SEKTOR INDUSTRI BARANG KONSUMSI YANG TERDAFTAR DI BEI

  Nova Yovita Anwar¹, Tugiantoro² STIE Bhakti Pembangunan

tinotugiantoro@gmail.com

ABSTRACT

This study aims to analyze the influence of Debt to Equity Ratio (DER), Price Earning Ratio (PER), and Earning Per Share (EPS) on stock prices in the Consumer Goods Industry sub-sector companies listed on the Indonesia Stock Exchange (IDX) for the 2017-2022 period, both partially and simultaneously. The background of this research is based on the rapid development of Indonesia's capital market and the importance of financial performance indicators in determining stock prices. The research method used is multiple linear regression. The sample consists of 7 companies determined by purposive sampling from a population of 54 Consumer Goods Industry companies, with an observational period of 6 years resulting in 42 data points. The results show that partially, the DER variable has no significant effect on Stock Prices, whereas the PER and EPS variables have a significant positive effect on Stock Prices. Simultaneously, the DER, PER, and EPS variables significantly influence Stock Prices. The adjusted R-square value in explaining the variation of the dependent variable is 77.6%, while the remaining 22.4% is explained by other independent variables outside this study.