PENGARUH RETURN ON ASSETS, RETURN ON EQUITY, EARNING PER SHARE, PRICE EARNING RATIO, DAN PRICE TO BOOK VALUE TERHADAP HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR SUB SEKTOR INDUSTRI MAKANAN DAN MINUMAN DI BURSA EFEK INDONESIA

Abstract

Abstract: This research was conducted to determine and prove empirically the effect of return on assets, return on equity, earnings per share, price earning ratio, and price-to-book value of the company's stock price on the manufacturing sub-sector of the food and beverage industry in Indonesia Stock Exchange. In addition, to determine and prove empirically the dominant variable affecting the price of stock in a company manufacturing sub-sectors food and beverage industry in Indonesia Stock Exchange. This research is an explanatory research. The samples studied were 11 manufacturing sub-sectors  food and beverage industry which are  listed in the Indonesia Stock Exchange. Sources of data in this reserach is a secondary data, while the data collection techniques using documentation. Data analysis using quantitative descriptive analysis with multiple linear regression model.
Based on the analysis, knowing that the ROE has a negative coefficient while the ROA, EPS, PER and PBV has a positive coefficient. The variable ROA, EPS and PER partially have a significant influence on the level of 5% of the company's share price on the manufacturing sub-sectors food and drinks. While ROE and PBV has negative effect on company’s stock prices manufacturing food and beverage sub-sector. The results of the regression estimates, indicate that there are five independent variables in the regression model explained 91.5% of the stock price. And the remaining 8.5% is explained by other variables which is not included in this study. Investors can consider three fundamental factors such as return on assets, earnings per share, and price-earnings ratio in the stock exchange decisions, because these variables are able to predict the stock price. Macroeconomic conditions, political climate, government policy in the industry and the business or technical factors that plagued the company are the determinant variables beyond financial performance that would trigger movement the stock exchange. That conception does not always give an indication of the company's fundamentals, especially financial performance will affect the stock price variations. It also provides support on the consistency of these results, that the conditions and macroeconomic policies more precisely trigger changes in stock prices.