Determinants of Price to Earnings Ratio: An Empirical Analysis
DOI:
https://doi.org/10.31000/bvaj.v9i2.14584Keywords:
Debt to Equity Ratio, Price to Book Value, Ukuran Perusahaan, Return on Equity, Current Ratio, Total Assets Turnover, Price Earning RatioAbstract
This study aims to analyze the effect of debt to equity ratio, price to book value, ukuran perusahaan, return on equity, current ratio dan total assets turnover terhadap price earning ratio in consumer companies listed on the stock exchange from 2020 to 2023. The method used in this research is multiple regression analysis to examine the relationship between independent and dependent variables. The results indicate that DER, company size, and ROE have a significant negative effect on PER, suggesting that increasing debt and company size can reduce the expected return ratios by investors. Conversely, PBV has a significant positive effect on PER, indicating that companies with higher book values tend to have better price-to-earnings ratios. On the other hand, CR and TAT do not show a significant effect on PER. These findings provide important insights for investors and company managers in making investment decisions and financial strategies in the consumer sector.
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