Nawangwulan A, Rery (2018) Kewajaran Harga Saham Menggunakan Analisis Fundamental dengan Price Earning Ratio (PER) Sebagai Dasar Keputusan Investasi (Studi pada Perusahaan Subsektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia Tahun 2013-2016). Sarjana thesis, Universitas Brawijaya.
Abstract
Investment is an activity that encourages the growth of the economy and the rate of economic growth has a positive effect on investment theoretically. This Statement is in accordance with UU no. 25 Year 2007 that the purpose of investment increases the national economic growth. Investors who want to invest, they need to have an insight into investments to minimize risk therefore they can use one of analytical thing in valuation of stock price which is Price Earning Ratio (PER). This study aims to determine the relationship between Return On Equity (ROE), Earning Per Share (EPS), Earning Growth (EG), Dividend Payout Ratio (DPR) towards Price Earning Ratio (PER). This study uses type of explanatory research with quantitative approach. The population of this study is consumer goods Industry Company listed on the Indonesia Stock Exchange which are 37 companies. Technique of data retrieval which is used by this study is purposive sampling which produces 8 companies based on the criteria fulfillment. This study uses descriptive analysis, classical assumption test, and regression analysis. The results of this study indicate that Return On Equity (ROE), Earning Per Share (EPS), Earning Growth (EG), Dividend Payout Ratio (DPR) simultaneously can affect Price Earning Ratio (PER) of 60,1% and the remaining 39,9% are influenced by other variables which is not included in this study. Partially, variable of Return on Equity (ROE) has significant effect towards Price Earning Ratio (PER). Variable of Earning Per Share (EPS) has no effect on Price Earning Ratio (PER). Dividend Payout Ratio (DPR) variable has significant effect toward Price Earning Ratio (PER). Earning Growth (EG) variable has no effect on Price Earning Ratio (PER).
English Abstract
Investasi merupakan kegiatan yang mendorong tumbuhnya perekonomian dan secara teoritis tingkat pertumbuhan ekonomi berpengaruh positif terhadap investasi. Pernyataan ini sesuai dengan UU No. 25 Tahun 2007 bahwa tujuan investasi untuk meningkatkan pertumbuhan ekonomi nasional. Investor yang ingin berinvestasi perlu memiliki wawasan tentang investasi untuk meminimalisir resiko oleh karena itu, dapat menggunakan salah satu alat analisis untuk menilai harga saham yaitu Price Earning Ratio (PER). Penelitian ini bertujuan untuk mengetahui hubungan antara Return On Equity (ROE), Earning Per Share (EPS), Earning Growth (EG), Dividend Payout Ratio (DPR) terhadap Price Earning Ratio (PER). Jenis penelitian yang digunakan adalah explanatory research dengan pendekatan kuantitatif. Populasi dalam penelitian ini adalah perusahan industri barang konsumsi yang terdaftar di Bursa Efek Indonesia yaitu sebanyak 37 perusahaan. Teknik pengambilan sampel yang digunakan adalah purposive sampling yang menghasilkan 8 perusahaan yang memenuhi kriteria. Analisis data yang digunakan adalah analisis deskriptif, uji asumsi klasik dan analisis regresi. Hasil penelitian ini menunjukkan bahwa Return On Equity (ROE), Earning Per Share (EPS), Earning Growth (EG), Dividend Payout Ratio (DPR) secara simultan dapat mempengaruhi Price Earning Ratio (PER) sebesar 60,1% dan sisanya sebesar 39,9% dipengaruhi oleh variabel lain yang tidak termasuk dalam penelitian ini. Secara parsial variabel Return On Equity (ROE) berpengaruh signifikan terhadap Price Earning Ratio (PER). Variabel Earning Per Share (EPS) tidak berpengaruh terhadap Price Earning Ratio (PER). Variabel Dividend Payout Ratio (DPR) berpengaruh signifikan. Variabel Earning Growth (EG) tidak berpengaruh terhadap Price Earning Ratio (PER).
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FIA/2018/882/051810441 |
| Uncontrolled Keywords: | Return On Equity (ROE), Earning Per Share (EPS), Earning Growth (EG), Dividend Payout Ratio (DPR), Price Earning Ratio (PER) |
| Subjects: | 300 Social sciences > 332 Financial economics > 332.6 Investment |
| Divisions: | Fakultas Ilmu Administrasi > Ilmu Administrasi Bisnis / Niaga |
| Depositing User: | Budi Wahyono Wahyono |
| Date Deposited: | 18 Jul 2019 01:31 |
| Last Modified: | 18 Oct 2021 01:31 |
| URI: | http://repository.ub.ac.id/id/eprint/165481 |
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