PENGARUH LIKUIDITAS, LEVERAGE, DAN EARNING PER SHARE TERHADAP HARGA SAHAM PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to find out the effect of liquidity (Current Ratio), leverage (Debt to Equity Ratio), and Earning Per Share on the Stock Price ofProperty and Real Estate companies listed on the Indonesia Stock Exchange (IDX) 2017-2021. The data were secondary. Moreover, the data collection technique used saturated sampling, in which all members of the population were the sample. In line with that, there were 9 Property and Real Estate companies as the sample. Furthermore, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solution). The result of the hypothesis test (t-Test) concluded that liquidity (Current Ratio) had a negative and significant effect on the stock price. However, leverage (Debt to Equity Ratio) had a negative and insignificant effect on the stock price. Incontrast, Earning Per Share had a positive and significant effect on the stock price.Additionally, the result of Adjusted R Square was 0.951. It meant, a 95.1% variant from the stock price that could be explained by the three independent variables.While the rest of 4.91% was explained by other variables.