ANALISIS PENGARUH CURRENT RATIO (CR), DEBT TO EQUITY RATIO (DER), TOTAL ASSETS TURN OVER (TATO), DAN RETURN ON EQUITY (ROE) TERHADAP PRICE EARNING RATIO (PER)

(Studi Empiris pada Perusahaan Manufaktur yang terdaftar pada Bursa Efek Indonesia periode 2013-2017)

Abstract

ABSTRACT

In investment activities an investor must have the ability to carry out stock analysis and one of the method who used to analyze a stock is fundamental analysis. According to that things, the author conducted research with the aim to determinate the effect of financial ratios on Price Earning Ratio in Public Companies Manufacturing Food and Beverages Sub Sector and research period is 2013-2017. This research uses four variable which are thought to effect Price Earning Ratio is Current Ratio, Debt to Equity Ratio, Total Asset Turn Over, and Return on Equity. This research used secondary data with total of sample is 12 companies. Purposive Sampling is method who used for this research. The result of this research showed that Return on Equity have a significant effect to Price Earning Ratio while the variables Current Ratio, Debt to Equity Ratio, and Total Assets Turn Over have insignificant effect to Price Earning Ratio. The Determination Coefficient is 0.534 which means that 53.4 % of Price Earning Ratio is determinated by independent variable Current Ratio, Debt to Equity Ratio, Total Assets Turn Over, and Return on Equity. While the remaining 0.466 or 46.6 % is explained by other variable outside the research.