PENGARUH RASIO PROFITABILITAS TERHADAP HARGA SAHAM PERUSAHAAN YANG TERDAFTAR DI LQ 45

Abstract

This research is meant to find out influence of return on asset (ROA), return on equity (ROE), net
profit margin (NPM), operating profit margin (OPM) and earning per share (EPS) to the stock price
on the companies which are listed in LQ-45 in 2011-2015 periods. This research is comparative causal
research. The samples is the financial statements of 20 companies which are listed in LQ-45 in 2011-
2015 periods and as many as companies have been selected as samples. The sample collection technique
has been done by using purposive sampling; it is the sample collection technique which is carried out
by using certain determination on the basis of the research interest. The data is the secondary data in
the form of financial statements of the companies which have been obtained from the STIESIA
Surabaya Investment Gallery Indonesia Stock Exchange (IDX) using documentation method. The
data analysis technique has been carried out by using multiple linear regressions analysis. The result
of the research shows that partially the return on asset (ROA) and the earning per share (EPS) has
significant and positive influence to the stock price. Meanwhile, the operating profit margin (OPM)
has significant and negative influence to the stock price. Moreover, other independent variables i.e.
return on equity (ROE) and net profit margin (NPM) shows the result that there are negative and
insignificant influences to the stock price.
Keywords : profitability ratio, earning per share (EPS), and stock price