Pengaruh Earning Per Share (EPS), Price To Book Value (PBV), dan Return On Assets (ROA) Terhadap Harga Saham pada Perusahaan LQ45 yang Terdaftar di Bursa Efek Indonesia Periode 2021 -2024
DOI:
https://doi.org/10.55606/jumbiku.v5i3.6280Keywords:
Earning per Share (EPS), Price to Book Value (PBV), Return on Assets (ROA), Stock Price, LQ45Abstract
This study is aimed at examining the extent of the influence of earnings per share (EPS), price to book value (PBV), and return on assets (ROA) on stock price movements in companies listed in the lq45 index on the Indonesia Stock Exchange (IDX) in 2021 to 2024. The approach used is a quantitative approach with associative properties, namely looking at the relationship between variables, where data analysis will be carried out using secondary data taken from the company's annual financial statements on the Indonesia Stock Exchange (IDX) and stock closing price data published on public platforms such as yahoo finance. Purposive sampling technique used in sorting research samples, while to analyze the data used multiple linear regression method with the help of SPSS application. The results of this study showed that partially, EPS, PBV, and ROA variables each have a positive and significant influence on stock prices. When tested simultaneously, these three variables also showed a significant effect with the magnitude of the coefficient of determination (R2) reached 0.668. This shows that 66.8% of the stock price changes can be explained by these three variables, while the remaining 33.2% are influenced by other factors that are not included in the research model. These results prove that the company's financial performance, especially reflected in the ability to generate profits and market views, has an important contribution in determining the share price in the Indonesian capital market.
Downloads
References
Al-asrory, B., & Agustin, S. (2021). Jurnal Ilmu dan Riset Manajemen. Jurnal Ilmu dan Riset Manajemen, e-ISSN 2461-0593.
Ardiyanto, A., Nirsetyo, W., & Aprih, S. (2020). Pengaruh return on assets, return on equity, earning per share dan price to book value terhadap harga saham. Jurnal Bisnis dan Akuntansi Unsurya, 5(1), 33–49.
Basvi, B. (2024). Evaluating the effect of fundamental analysis on earnings per share concept in stock valuation in the Zimbabwe Stock Exchange market. International Journal of Research and Scientific Innovation, 11, 531–550. https://doi.org/10.51244/IJRSI
Cahyaningtyas, F. (2022). Peran moderasi corporate social responsibility terhadap nilai perusahaan: Perspektif teori sinyal. Jurnal ..., 2022, 153–159.
Desshyfa, R. T., & Saputra, F. (2024). The effect of return on asset, current ratio, and debt to equity ratio on profit growth in cosmetic and household goods companies listed on the Indonesia Stock Exchange in the period 2019–2023. Journal ..., 3(1), 1–9.
Hanani, M. M., Nafis, A. W., & Is’adi, M. (2024). Fundamental and macroeconomic analysis of stock prices in the consumer non-cyclicals sector listed on the Indonesia Sharia Stock Index. Journal of Islamic Economics Lariba, 10(1), 307–330.
Harlan, S., & Wijaya, H. (2022). Pengaruh ROA, ROE, EPS, & PBV terhadap stock price dan stock return. Jurnal ..., 202–223.
Hidayat, T., Mulyana, A., & Permadi, S. (2023). Nilai perusahaan ditinjau dari pengaruh kebijakan dividen, keputusan investasi dan keputusan pendanaan. Jurnal ..., 8(2), 21–41.
Laksono, B., & Rahayu, Y. (2021). Pengaruh profitabilitas, keputusan investasi, dan ukuran perusahaan terhadap nilai perusahaan. Jurnal Ilmu dan Riset Akuntansi.
Muktiadji, N., Amanda, B. D., & Khim, S. (2024). Analysis of return on assets and dividend payout ratio on stock performance. Jurnal Ilmu Akuntansi Kesatuan, 12(2). https://doi.org/10.37641/jiakes.v11i3.2548
Pangestu, S., & Wijayanto, A. (2020). Pengaruh return on assets (ROA), return on equity (ROE), earning per share (EPS), price earning ratio (PER) dan debt to equity ratio (DER) terhadap return saham. Jurnal Ilmu Administrasi Bisnis, 1–9.
Puspitasari, D. (2022). Implementasi teori agensi, efisiensi pasar, teori sinyal dan teori kontrak dalam pelaporan akuntansi pada PT Eskimo Wieraperdana.
Puspitasari, N., Soleh, A., & Abi, Y. I. (2025). The effect of NPM, ROA, ROE, EPS and PER ratio on the stock price of LQ45 companies listed on the Indonesian Stock Exchange for the period 2021–2023. Jurnal ..., 13(1), 453–460.
Sari, D. P., & Nasution, R. (2025). Pengaruh solvabilitas dan profitabilitas terhadap pertumbuhan harga saham (Studi empiris pada perusahaan yang tergabung di indeks saham LQ45 periode 2018–2023). Jurnal ..., 5, 11098–11116.
Sibarani, A., Edward, Y. R., Simorangkir, E. N., & Toni, N. (2024). The influence of price to book value and return on equity on stock prices with debt to equity ratio as an intervening variable in basic industrial and chemical companies listed on the Indonesian Stock Exchange for the 2019–2023 period.
Sugiyono. (2013). Metodologi penelitian kuantitatif, kualitatif, dan R&D. Alfabeta.
Wisudani, S., & Priyadi, M. P. (2021). Analisis pengaruh faktor internal dan eksternal terhadap harga saham pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Jurnal Ilmu dan Riset Akuntansi, 10(1), 1–22.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Jurnal Manajemen, Bisnis dan Kewirausahaan
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
