PENGARUH PROFITABILITAS, SOLVABILITAS, DAN NILAI PASAR TERHADAP HARGA SAHAM PADA PERUSAHAAN KONSTRUKSI

Abstract

This research aimed to find out the effect of profitability which was referred to Return on Asset, solvency was referred to Debt to Equity Ratio, market value which was referred to Price Earning Ratio on the dependent variable namely shares price of construction sector which were listed on Indonesia Stock Exchange for 5 years (2013-2017). The population was 16 construction companies which were listed on Indonesia Stock Exchange. While, the sampling collection technique used purposive sampling, in which there were six companies as sample. Moreover, the data used secondary, i.e. financial statements of its construction companies which were listed on Indonesia Stock Exchange. In addition, the data analysis used SPSS (Statistical Product and Service Solution). The reseach result concluded Return on Asset had positive, but insignificant effect on shares price. Furthemore, Debt to Equity Ratio had positive and significant effect on the shares prices. On the other hand, Price Earning Ratio had negative and not significant effect on stock prices.
Keywords: profitability, solvency, market value, shares price