ANALISIS PENGARUH RASIO LIKUIDITAS, RASIO SOLVABILITAS, RASIO AKTIVITAS, DAN RASIO PROFITABILITAS TERHADAP PRICE EARNING RATIO PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

The aims of this study is to determine the influence of financial ratios of Price Earing Ratio in manufacturing companies listed on the Indonesia Stock Exchange. In fundamental analysis, Price Earning Ratio is often used because it is easy to understood by investors or prospective investors as a measure to determine how the market value or price of a company. Financial ratios used in the liquidity ratio, solvability ratio, activity ratio, and profitability ratio. Variable in this study are independent and dependent variables. The independent variable consist of Current Ratio (CR) , Debt to Equity Ratio (DER), Inventory Turnover (INTO), Return On Equity (ROE), and the dependent variable is Price Earning Ratio. Research method used is multiple linear regression model. Type of data is secondary data from each manufacturing companies listed on the Indonesia Stock Exchange for three years in 2006, 2007, and 2008. The samples are taken by purposive random sampling. The samples is fifty four manufacturing companies. Results show that the liquidity ratio, activity ratio, and profitability ratio has a significant effect on price earning ratio manufacturing company shares. However solvability ratio have no significant effect on price earning ratio manufacturing company shares. This research can be used as a reference for investors to predicting the company’s stock price in the future and in making decesions to invest.