ANALISIS PENGARUH CURRENT RATIO, RETURN ON ASSETS, DAN DEBT TO EQUITY RATIO TERHADAP PRICE EARNING RATIO (PER) (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia)

Abstract

Price Earning Ratio (PER) is one method of valuation of the shares. This method is based on the ratio between the stock price per share prevailing in the capital market to the level of net profit available for shareholders. PER can be interpreted as an indicator of market confidence in its growth prospects in the future. This study aims to analyze the factors that influence the alleged price earnings ratio stocks listed on the Indonesia Stock Exchange. These factors , among others; Current Ratio, Return on Assets, and Debt to Equity Ratio. The dependent variable in this study is the price earnings ratio , and the independent variable is the Current Ratio, Return on Assets, and Debt to Equity Ratio. Research in using the companies listed in Indonesia Stock Exchange in the period 2010-2012. The sample is purposive sampling in order to obtain the number of manufacturing firms and 25 samples of data that can be processed is 75 data. Test equipment used in this study is berganda.Hasil regression analysis showed that all the independent variables (Current Ratio, Return on Assets, and Debt to Equity Ratio) does not affect the price earnings ratio.