PENGARUH PROFITABILITAS, LIKUIDITAS, DAN STRUKTUR MODAL TERHADAP HARGA SAHAM PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BEI PERIODE 2018-2022

Abstract

The aim of this research is to determine the effect of profitability, liquidity and capital structure on share prices in pharmaceutical sector companies on the Indonesia Stock Exchange (BEI) for the 2018-2022 period. This research is a type of comparative causal research with a quantitative approach. The type of data used is secondary data obtained from the company's financial reports. The sampling technique used saturation so that 8 companies were obtained. Data analysis uses Multiple Linear Regression Analysis using SPSS. Based on the results of hypothesis testing (t test), it shows that profitability (return on assets), liquidity (Current Ratio), and capital structure (debt to Equity Ratio) have a positive and significant effect on stock prices in pharmaceutical companies. From the results of the coefficient of determination test (R Square), a value of 0.608 was obtained. This means that 60.8% of share price variations can be explained by variations in profitability (return on assets), liquidity (current ratio), and capital structure (debt to equity ratio). Meanwhile, the rest is explained by other variables outside this research.