FAKTOR-FAKTOR YANG MEMPENGARUHI PRICE EARNING RATIO (PER) SEBAGAI SALAH SATU KRITERIA KEPUTUSAN INVESTASI SAHAM PERUSAHAAN REAL ESTATE DAN PROPERTY DI BURSA EFEK INDONESIA

Abstract

This research is aimed at investigating the effects of earning per share ratio, return on asset, return on equity, debt ratio and price to book value on Price Earning Ratio. The sample includes all the population of Real Estate and Property Companies in Indonesian Stock Exchange. The variables used in this reserach consist of dependent and independent variables. Price Earning Ratio as the dependent variables while the earning per share, return on asset, return on equity, debt ratio and price to book value as the independent variables. The ressult shows that simultaneously all of the ratios affect the Price Earnings ratio. The independent variables are able to explain the effect of  those ratios on price earnings ratio 61.6%, while the remains 38.4%  is determined by othes factors.     The research also indicates that partially only price to book value does not affect price earnings ratio. The ratio of earning per share, return on asset, return on equity, and debt ratio affect Price Earning Ratio.