Determinants of Price to Earnings Ratio: An Empirical Analysis
DOI:
https://doi.org/10.31000/bvaj.v9i2.14584Kata Kunci:
Debt to Equity Ratio, Price to Book Value, Ukuran Perusahaan, Return on Equity, Current Ratio, Total Assets Turnover, Price Earning RatioAbstrak
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.
Referensi
Value on Banking Companies Listed on the Indonesia Stock Exchange. International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 5, Issue 2, 2021, Vol 5, Issue 2.
Andika, A., Chomsatu, Y., & Wijayanti, A. (2021). Faktor-Faktor yang Mempengaruhi Price Earning Ratio (PER) pada Perusahaan Manufaktur yang Terdaftar di BEI. Jurnal Ilmiah Akuntansi dan Keuangan, Vol 4 Special Issue 1 , Hal. 176-187.
Anisa, N. (2021). Determinisi Price Earning Ratio dan Return Saham: Current Ratio dan Net Profit Margin. Jurnal Ilmu Manajemen Terapan, Vol 2, Issue 5.
Brigham, E. F., & F., H. J. (2019). Dasar - dasar Manajemen Keuangan Buku 2 (14th ed.). . Jakarta: salemba.
Fadjar, A., Jumana, Y. L., & Gunawan, B. (2021). The Effect of Current Ratio, Net Profit Margin, Debt to Equity Ratio, Firm Size, and Return on Equity on Price Earning Ratio: Empirical Studies on Consumer Goods Industry Companies Listed on IDX (Years 2018-2020). Review of International Geographical Education , Vol 11 No. 6.
Fuadi, A., Debataraja, T. V., & Hidayat, T. (2022). Pengaruh Inflasi, Kebijakan Dividen, dan Total Asset Turnover Terhadap Keputusan Investasi pada Perusahaan Manufaktur di Bursa Efek Indonesia Periode 2018 - 2020. Jurnal Akuntansi Bisnis Pelita Bangsa, VOL 7 NO. 1, Hal. 40-59.
Ghozali, I. (2021). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 26. Semarang: Badan Penerbit Unoversitas Diponegoro.
https://idx.co.id/. (2024). Diambil kembali dari www.dx.co.id
Jayadi, I., Novida, I., & Musharianto, A. (2024). Pengaruh Debt To Equity Rasio, Return On Asset Dan Total Asset Terhadap Price Earning Rasio Pada Perusahaan Sektor Makanan Dan Minuman Yang Terdaftar Di Bei Periode 2018-2022. Jurnal Maneksi , Vol 13, No. 2,.
Kimmel, P. D., Weygandt, J. J., Mitchell, J. E., Trenholm, B., Irvine, W., & Burnley, C. D. (2023). Financial Accounting Tools for Business Decision Making. Canada: John Wiley & Sons.
Naufal, M. A., & Hakim, A. D. (2023). Effect of Current Ratio, Debt to Equity Ratio, Return on Equity, and Net Profit Margin on Price Earning Ratio. Jurnal Scientia, Volume 12 No 03, Hal. 3331-3336.
Priyanto, D. (2016). Belajar Alat Analisis Data Dan Cara Pengelolaannya Dengan SPSS. Yogyakarta: Gava Media.
Putriana, M. (2019). Pengaruh Price To Book Value (PBV), Debt To Equity Ratio (DER), Return on Assets (ROA) Terhadap Price Earning Ratio (PER) pada Perusahaan Sub Sektor Plastik dan Kemasan Yang Terdaftar di Bursa Efek Indonesia. J-MAS (Jurnal Manajemen dan Sains), Vol 4. No.1, 82-89.
Rohman, A., Arimbawa, I. G., Al-Asrani, S. A., Damayanti, E., & Wulandari, A. (2020). The Effect of Net Profit Margin (NPM), Current Ratio, and Debt to Equity Ratio (DER) on Price Earning Ratio in Manufacturing Sub Metal Sectors Listed in Indonesia Stock Exchange (BEI) 2016-2018. 1st International Conference on Business & Social Science, 1103-1115.
Rozi, F. (2019). Pengaruh Debt to Equity Ratio, Earnings Per Share, Price to Book Value, dan Working Capital Ratio Terhadap Price Earnings Ratio pada Industri Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia. Jurnal Bisnis Net , Vol II N0. 3 .
Saputra, B. (2024, February 7). https://www.antaranews.com. Diambil kembali dari https://www.antaranews.com/berita/3953175/unilever-indonesia-raup-laba-bersih-rp48-triliun-pada-2023
Saputra, I., Veny, & Mayangsari, S. (2018). Pengaruh Rasio Keuangan, Aksi Korporasi dan Faktor Fundamental Ekonomi Makro Terhadap Harga Saham. Jurnal Magister Akuntansi Trisakti, Vol. 5; No. 1; Hal 89-114.
Setiawan, T., & Venona. (2023). Pengaruh Kinerja Keuangan Dan Kepemilikan Terhadap Nilai Perusahaan Untuk Saham Terindeks LQ 45. Owner: Riset & Jurnal Akuntansi, Vol 7, No 2.
Veny, Angelene, D., & Junita, E. (2023). ANALISIS FAKTOR FUNDAMENTAL TERHADAP HARGA SAHAM PERUSAHAAN SEKTOR RITEL SEBELUM DAN SELAMA PANDEMI COVID-19. Jurnal Studi Akuntansi dan Keuangan , Vol. 5 No. 2, Hal 180-192.
Weygant, J. J., Kimmel, P. D., & Kieso, D. E. (2022). Financial Accounting With International Financial Reporting Standards. Singapore: John Wiley & Sons Inc.
Unduhan
Diterbitkan
Terbitan
Bagian
Lisensi
pernyataan bahwa pemegang hak artikel
Authors who publish with International Journal of Advances in Intelligent Informatics agree to the following terms: Authors retain copyright and grant the International Journal of Advances in Intelligent Informatics right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC BY-SA 4.0) that allows others to share (copy and redistribute the material in any medium or format) and adapt (remix, transform, and build upon the material) the work for any purpose, even commercially with an acknowledgement of the work's authorship and initial publication in International Journal of Advances in Intelligent Informatics. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in International Journal of Advances in Intelligent Informatics. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
