Do Earnings Per Share, Price To Earnings Ratio, And Debt To Equity Ratio Have An Influence On Stock Prices Of Property And Real Estate Companies In Indonesia?
Vega Anismadiyah

Jakarta State University

Abstract

The Covid-19 pandemic has paralyzed economic activity in various countries, including Indonesia. This impact was felt by various industrial sectors, one of which was the property sector. In addition to sectoral performance, company performance was also affected by the paralysis of the Indonesian economy, this was marked by a decline in a number of company financial indicators such as solvency ratios, liquidity ratios, turn over ratios and profitability ratios which weakened compared to the years before the pandemi. The purpose of this study was to determine the effect of Earning Per Share (EPS), Price To Earning Ratio (PER), and Debt To Equity Ratio (DER) on stock prices in Indonesian property and real estate companies listed on the Indonesia Stock Exchange for the period 2011 to 2022. A purposive sampling method is used and it obtained four companies according to the research criterias. A quantitave approach with panel data regression is used in this study. The results of the hypothesis test show that the variables Earning Per Share (EPS), Price To Earning Ratio (PER), and Debt To Equity Ratio (DER) have a significant influence on the stock prices of property and real estate companies in Indonesia. Further researches are needed to analyze other corporate financial indicators which affect the stock price.

Keywords: Earning Per Share- Price To Earning Ratio- Debt To Equity Ratio- Stock Price- Property And Real Estate Companies

Topic: Financial