PENGARUH PROFITABILITAS, LIKUIDITAS, DAN SOLVABILITAS TERHADAP HARGA SAHAM PERUSAHAAN PROPERTY DAN REAL ESTATE DI BEI

Abstract

This researched aimed to find out and analyze the effect of profitability, liquidity, and solvability on the stock price
of the Property and Real Estate companies listed on the Indonesia Stock Exchange during 2018-2022.
Furthermore, profitability was a proxy for Net Profit Margin, liquidity was a proxy for Current Ratio, and
solvability was a proxy for Debt to Equity Ratio. The data analysis technique used multiple regression with SPSS
29 version. Moreover, the result showed that profitability (NPM) had a significantly positive effect on the stock
price. On the other hand, liquidity (CR) had a insignificantly negative effect on the stock price. In contrast,
solvability (DEB) had a insignificantly positive effect on the stock price. The research was casual-comparative with
a quantitative approach. Additionally, the data collection technique used purposive sampling, in which the sample
was determined by certain criteria. The population was 12 Property Real Estate companies. In line with that, there
were 7 companies listed on the Indonesia Stock Exchange during 2018-2022 as the sample.