PENGARUH LIKUIDITAS, SOLVABILITAS, DAN PROFITABILITAS TERHADAP HARGA SAHAM SEKTOR PROPERTY REAL ESTATE

Abstract

This research was conducted to examine the liquidity, solvability, and profitability of the stock price at Property Real Estate listed on the Indonesia Stock Exchange (IDX) during 2015 – 2019. Furthermore, the liquidity ratio was measured by the current ratio (CR), solvability ratio was measured by Debt to Equity (DER),and profitability ratio was measured by Net Profit Margin (NPM). The population of this research used 64 property and real estate companies listed on Indonesia Stock Exchange. Based on the sample collection technique, it obtained 10 companies with the purposive sampling method. Meanwhile, this reasearch’s data analysis technique used multilple linear regressions analysis with the instrument of SPSS 26 version. The result of this research showed that the Current ratio (CR) had a negative but significant effect on the stock price, the Debt to Equity ratio (DER) variable had a negative but insignificant effect on the stock price, and the Net Profit Margin variable had a positive and significant effect on the stock price. Additionally, from the F test result, the research mode stated that it was feasible to use.
Keywords : current ratio, debt to equity ratio, net profit margin, stock price.