Pengaruh Faktor Fundamental Terhadap Return Saham Pada Perusahaan LQ-45 Di Bursa Efek Indonesia

Abstract

This study aims to determine the effect of Earning Per Share, Price Earning Ratio, and Debt to Equity Ratio both partially and simultaneously on Stock Returns on LQ-45 Companies listed on the Indonesia Stock Exchange with a research period during 2016-2018. This type of research data is quantitative data. The sampling method used was purposive sampling method, so that 35 sample companies or 105 financial statements were obtained for 3 years of observation (2016-2018). The data analysis technique used is descriptive statistical analysis and multiple regression analysis. The data analysis process is done first is descriptive statistics, the classic assumption test, multiple regression analysis and then hypothesis testing. The results of this study partially show that earnings per share and debt to equity ratio do not significantly influence stock returns, while price earning ratios have a significant effect on stock returns. The F test results of the study show that earnings per share, price earning ratio and debt to equity ratio simultaneously have a significant effect on stock returns. Based on the results of this study prove that investors use the price earning ratio data contained in the issuer's financial statements as a health analysis tool for a stock to obtain a decent return from a stock investment.