PENGARUH PROFITABILITAS, NILAI PASAR, DAN LEVERAGE TERHADAP HARGA SAHAM PADA PERUSAHAAN PROPERTY AND REAL ESTATE YANG TERDAFTAR DI BEI

Abstract

This research aimed to examine and analyze the effect of profitability, market value, and leverage on stock price of Property and
Real Estate companies which were listed on Indonesia Stock Exchange. The profitability was measured by Return On Equity
(ROE), market value was measured by Price Earning Ratio (PER), leverage was measured by Debt to Equity Ratio (DER),
and stock price was used, namely Closing Price at the end of year. The research was quantitative. Moreover, the population
was 48 Property and Real Estate companies which were listed on Indonesia Stock Exchange (IDX). Furthermore, the data
collection technique used purposive sampling. In line with that, there were 10 Property and Real Estate companies that fulfilled
the criteria as samples. Additionally, the data analysis technique used multiple linear regression, classical assumption test,
proper model test, and hypothesis test with SPSS. In addition, the research result concluded that profitability, market value,
and leverage had a significant effect on stock price.