ANALISA FAKTOR KEUANGAN YANG MEMPENGARUHI PRICE EARNING RATIO PADA PERUSAHAAN PERBANKAN

Abstract

This research is meant to test the influence of Return on Asset (ROA), Return on Equity (ROE), Net
Interest Margin (NIM), Loan to Deposit Ratio (LDR) and Operational Cost to the Operational
Revenue (BOPO) to the Price Earnings Ratio (PER) in the government banks which are listed in
Indonesia Stock Exchange in 2010-2014 periods. This research has been done by using purposive
sampling and 5 government banks have been obtained as samples i.e.: (1) Bank Mandiri Tbk., (2)
Bank CIMB Niaga Tbk., (3) Bank Pan Indonesia Tbk., (4) Bank Danamon Indonesia Tbk., (5) Bank
Permata Tbk. The data employs the complete financial statement which has been published by each
government bank. The analysis technique has been done by using multiple linear regressions analysis.
The result of the research shows that the ROA and the NIM have positive and insignificant influence
to the PER. The ROE has negative and insignificant influence to the PER. The BOPO has significant
and positive influence to the PER. Meanwhile, the LDR has the most dominant influence to the PER.

Keywords: Profitability Ratio, Liquidity Ratio, and PER.