PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN OTOMOTIF DI BURSA EFEK INDONESIA

Abstract

Profitability ratio is useful to demonstrate the success of the company in generating profits. When value of the
profitability of a company is getting high, it will attract the investors to invest their capital. When the stocks of
the company are interested by investors, the firm value will increase. This research is aimed to find out the
influence of profitability ratio which consists of Return on Assets, Return on Equity, Gross Profit Margin and
Net Profit Margin to the firm value. The research is conducted on the automotive companies which are listed in
Indonesia Stock Exchange. The data is the financial statements in 2010-2014 periods. The analysis technique has
been carried out by using multiple linear regressions analysis, F test and T test. The result of the research shows
that Return on Asset does not have any significant influence to the firm value of automotive companies which
are listed in Indonesia Stock Exchange, it can be seen from its significant value which is more than 0.05 that is
0.083. Return on Equity has significant influence to the firm value of automotive companies which are listed in
Indonesia Stock Exchange, it can be seen from its significant value which is less than 0.05 that is 0.021. Gross
Profit Margin does not have any significant influence to the firm value of automotive companies which are listed
in Indonesia Stock Exchange, it can be seen from its significant value which is more than 0.05 that is 0.181. Net
Profit Margin does not have any significant influence to the firm value of the automotive companies which are
listed in Indonesia Stock Exchange, it can be seen from its significant value which is more than 0.05 is 0.300.
Keywords: Return on assets, return on equity, gross profit margin, net profit margin, firm value