PENGARUH ROI, EPS DAN PER TERHADAP RETURN SAHAM PADA PERUSAHAAN FARMASI

Abstract

Stock return is the result which has been obtained from stock investment. The primary objective of
investors is to invest their fund in order to earn high return. Therefore, investors have right to find
out the calculation of financial statement of the company to predict the stock price. The purpose of this
research is meant to find out the influence of return in investment, earning per share, and price
earnings ratio to the stock return The samples are 8 pharmaceutical companies which are listed in
Indonesia Stock Exchange (IDX) which have been selected by using saturated sampling technique and
the amount of observations are 40. The audited financial statement data and the annual statement
have been retrieved from Indonesia Stock Exchange (IDX) and Indo-Exchange File (IDX). The
analysis technique has been done by using multiple regressions. The classic assumption test which
consists of multicolinearity test, heteroscedasticity test, autocorrelation test and normality test do not
experience any serious problem. The model feasibility test shows that the research model is feasible to
be used for further test. The result of the t test shows that return on investment and earning per share
does not have any influence to the stock return, whereas price earnings ratio has significant influence
to the stock return.

Keywords: Stock Return, Return on investment, Earning per share and
Price earning ratio.