PENGARUH RASIO KEUANGAN TARHADAP HARGA SAHAM PERUSAHAAN TELEKOMUNIKASI DI BURSA EFEK INDONESIA

Iin    Maulidiyah; Bambang Hadi  Santoso

Iin Maulidiyah
Bambang Hadi Santoso

Keywords: Current Ratio, Net Profit Margin, Debt to Equity Ratio, Earning Per Share, stock price

Abstract

This research is meant to find out the influence of financial ratio which consists of Current Ratio
(CR), Net Profit Margin (NPM), Debt to Equity Ratio (DER), and Earning Per Share (EPS) to the
stock price of telecommunication companies which are listed in Indonesia Stock Exchange. The
samples are 5 telecommunication companies with the observation periods in 2010-2014. The source of
secondary data has been retrieved from Investment Gallery Indonesia Stock Exchange STIESIA
Surabaya. The analysis technique has been done by using multiple linear regressions. The result of
this research shows that Current Ratio (CR) and Debt to Equity Ratio (DER) does not have any
significant influence to the stock price, meanwhile Net Profit Margin (NPM), and Earnings Per Share
(EPS) have significant influence to the stock price. The coefficient determination is 64.4% which
means that the stock price can be explained by the variables i.e. Current Ratio (CR), Net Profit
Margin (NPM), Debt to Equity Ratio
(DER) and Earning Per Share (EPS), meanwhile the remaining
is 35.6% has influenced by other variables outside of this model.

Keywords:Current Ratio, Net Profit Margin, Debt to Equity Ratio, Earning Per Share, stock price.