Pengaruh Price to Book Value (PBV), Earning Per Share (EPS) dan Price Earning Ratio (PER) Terhadap Harga Saham Pada Perusahaan Pertambangan yang Terdaftar pada Bursa Efek Indonesia (BEI) Periode Tahun 2021 - 2023
DOI:
https://doi.org/10.26740/jim.v14n2.p519-531Kata Kunci:
earnings per share (EPS); price earnings ratio (PER); price to book value (PBV); stock priceAbstrak
Penelitian ini bertujuan untuk menganalisis pengaruh Rasio Harga terhadap Nilai Buku (PBV), Laba per Saham (EPS), dan Rasio Harga terhadap Laba (PER) terhadap harga saham perusahaan. Berdasarkan pendekatan penemuan ilmiah, penelitian ini termasuk dalam kategori penelitian kuantitatif, dengan populasi terdiri dari perusahaan-perusahaan di sektor pertambangan yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2021–2023. Teknik sampling yang digunakan adalah purposive sampling, menghasilkan 186 titik data observasional dari 62 perusahaan. Analisis data dilakukan menggunakan regresi linier berganda dengan bantuan SPSS versi 25. Hasil penelitian menunjukkan bahwa variabel Price to Book Value (PBV) dan Earning Per Share (EPS) memiliki pengaruh signifikan terhadap harga saham, sementara Price Earning Ratio (PER) tidak memiliki pengaruh signifikan. Temuan ini menyarankan agar investor mempertimbangkan rasio PBV dan EPS sebagai acuan utama dalam pengambilan keputusan investasi, terutama di sektor pertambangan pasar modal Indonesia.
Referensi
Afrianita, N., & Kamaludin, F. (2022). Pengaruh earnings per share (EPS), price earnings ratio (PER), dan price book value (PBV) terhadap harga saham perusahaan farmasi yang terdaftar di BEI periode 2016–2020. Jurnal Indonesia Sosial Sains, 3(9), 1236–1248. https://doi.org/10.36418/jiss.v3i9.701
Aira, N. W., Lestari, S. I. P., & Perdana, D. N. C. (2024). Pengaruh earnings per share, return on equity, dan price to book value terhadap harga saham periode 2019–2021 (Studi kasus pada perusahaan subsektor otomotif dan komponennya di BEI). Indo-Fintech Intellectuals: Journal of Economics and Business, 4(5), 1723–1735. https://doi.org/10.54373/ifijeb.v4i5.1795
Akbar, S. J. (2021). The effect of return on assets and return on equity on price to book value on banking companies listed on the Indonesia Stock Exchange. International Journal of Economics, Business and Accounting Research (IJEBAR), 5(2), 1–23. https://jurnal.stie-aas.ac.id/index.php/IJEBAR
Ali, K., Chishti, K. A., & Malik, I. A. (2022). Impact of earnings per share on stock prices. Economics and Business Quarterly Reviews, 5(2), 147–152. https://doi.org/10.31014/aior.1992.05.02.421
Amaliyah, F. N., Priantono, S., & Perwitasari, D. (2017). Pengaruh earnings per share (EPS), price earnings ratio (PER), price to book value (PBV), dan debt to equity ratio (DER) terhadap harga saham pada perusahaan Indeks Saham Syariah Indonesia (ISSI). Jurnal Ecobuss, 5(2), 29–40.
Beatrixon, M., Wiyono, G., & Rinofah, R. (2024). Pengaruh return on asset, earnings per share, dan price to book value terhadap harga saham: Studi pada perusahaan LQ45 yang terdaftar di Bursa Efek Indonesia. Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah, 6(1), 308–322. https://doi.org/10.47467/alkharaj.v6i1.225
Dewi, K. S. S., Fachri, S., & Nurhayadi, W. (2023). Pengaruh earnings per share, price earnings ratio, dan price book value terhadap harga saham pada perusahaan manufaktur subsektor semen. Jurnal Ekonomi Bisnis dan Akuntansi, 3(3), 209–225. https://doi.org/10.55606/jebaku.v3i3.2884
Digdowiseiso, K., & Fadillah, N. (2022). The effect of quick ratio (QR), debt to equity ratio (DER), net profit margin (NPM), and price to book value (PBV) on stock prices of food and beverage companies in the period 2011–2020. Budapest International Research and Critics Institute (BIRCI-Journal), 5(2), 12067–12081. https://doi.org/10.33258/birci.v5i2.5044
Effendi, A. D. (2022). Pengaruh return on asset (ROA), debt to equity ratio (DER), current ratio (CR), dan price earnings ratio (PER) terhadap harga saham perusahaan subsektor kosmetik & keperluan rumah tangga pada Bursa Efek Indonesia periode 2016–2020. Jurnal Dialektika: Jurnal Ilmu Sosial, 20(3), 127–138. https://doi.org/10.63309/dialektika.v20i3.113
Fathihani, F. (2020). Effect of NPM, EPS, ROE, and PBV on stock prices. Dinasti International Journal of Management Science, 1(6), 112–124. https://doi.org/10.31933/DIJMS
Hasanah, Z., Wahono, B., & Salim, M. A. (2017). Pengaruh price earnings ratio (PER), earnings per share (EPS), return on assets (ROA), dan debt to equity ratio (DER) terhadap harga saham perusahaan food and beverages yang terdaftar di Bursa Efek Indonesia (BEI). Jurnal Riset Manajemen, 6(7), 107–115.
Herlianto, D., & Girsang, E. J. (2019). Pengaruh earnings per share (EPS), debt to equity ratio (DER), dan price earnings ratio (PER) terhadap pergerakan harga saham indeks SRI-KEHATI Bursa Efek Indonesia. INOBIS: Jurnal Inovasi Bisnis dan Manajemen Indonesia, 3(1), 118–135. https://doi.org/10.31842/jurnal-inobis.v3i1.125
Hidayat, R., Roespinoedji, D., & Saudi, H. M. (2021). Effect of return on assets, net profit margin, and earnings per share on stock prices. Turkish Journal of Computer and Mathematics Education, 12(8), 1388–1403.
Indonesia Stock Exchange. (2024). Ringkasan saham. https://idx.co.id/id/data-pasar/ringkasan-perdagangan/ringkasan-saham/
Isendi, A., Rachmawati, L., & Rakhmawati, R. (2023). The influence of debt to equity ratio (DER), earnings per share (EPS), company size, accounting profit, and return on assets (ROA) on stock return in food and beverage sub-sector companies in 2017–2021. International Journal of Global Accounting, Management, Education, and Entrepreneurship, 4(1), 103–115. https://doi.org/10.48024/ijgame2.v4i1.96
Jamiliana, S. R., & Jatnika, I. (2023). Pengaruh earnings per share, price earnings ratio, price to book value, dan return on equity terhadap harga saham. Jurnal Akuntansi Inovatif, 1(2), 111–122. https://doi.org/10.59330/jai.v1i2.14
Jayani Hadya, D. (2022, February 8). Nilai ekspor pertambangan naik 92,15% pada 2021. Databoks. https://databoks.katadata.co.id/perdagangan/statistik/9973f49ce5f0bea/nilai-ekspor-pertambangan-naik-9215-pada-2021
Kartika, A., Handrijaningsih, L., Mariani, S. T. R., & Anisah, A. (2022). The effect of price earnings ratio, return on equity, debt to equity ratio, firm size, and dividend payout ratio on stock returns of banks listed in the LQ45 Index 2015–2020. Ilomata International Journal of Tax and Accounting, 3(4), 435–447. https://doi.org/10.52728/ijtc.v3i4.592
Kusumawardhani, A. P. (2021). Pengaruh earnings per share dan price earnings ratio terhadap price to book value pada perusahaan sektor pertambangan yang terdaftar di Indeks IDX30 tahun 2015–2020. E-QIEN: Jurnal Ekonomi dan Bisnis, 8(2), 131–137. https://doi.org/10.34308/eqien.v8i2.250
Lestari, S. I., & Yudiantoro, D. (2023). Pengaruh return on asset, debt to asset ratio, earnings per share, dan price to book value terhadap harga saham subsektor perbankan yang terdaftar di Bursa Efek Indonesia periode 2019–2021. Jurnal Ekonomika, 12(1), 210–221. https://ejournal.penerbitjurnal.com/index.php/ekonomika/article/view/231/201
Mahirun, M., Jannati, A., Kushermanto, A., & Prasetiani, R. T. (2023). Impact of dividend policy on stock prices. Acta Logistica, 10(2), 199–208. https://doi.org/10.22306/al.v10i2.375
Meidiasari, E., & Khoirina, S. (2021). Pengaruh price earnings ratio (PER), debt to equity ratio (DER), dan return on assets (ROA) terhadap dividend payout ratio (DPR) pada perusahaan real estate and property yang terdaftar di Bursa Efek Indonesia. Journal of Accounting, Taxing and Auditing (JATA), 3(1), 1–8. https://doi.org/10.57084/jata.v3i1.799
Purwanti, Y., & Nurastuti, P. (2020). Pengaruh analisis fundamental dan risiko sistematik terhadap harga saham pada pasar modal syariah. EKOMABIS: Jurnal Ekonomi Manajemen Bisnis, 1(1), 103–118. https://doi.org/10.37366/ekomabis.v1i01.12
Rahayu, P., & Arita, E. (2024). Pengaruh return on assets (ROA), price earnings ratio (PER), earnings per share (EPS), debt to equity ratio (DER), dan price to book value (PBV) terhadap harga saham (Studi kasus pada perusahaan media pertelevisian dan media massa yang terdaftar di Bursa Efek Indonesia). Jurnal Akuntansi Keuangan dan Bisnis, 1(4), 541–553. https://jurnal.ittc.web.id/index.php/jakbs
Rahmawati, Y., & Hadian, N. H. (2022). The influence of debt to equity ratio (DER), earnings per share (EPS), and price earnings ratio (PER) on stock price. International Journal of Financial, Accounting, and Management, 3(4), 289–300. https://doi.org/10.35912/ijfam.v3i4.225
Regina, & Rasyid, R. (2019). Faktor-faktor yang memengaruhi harga saham pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Jurnal Paradigma Akuntansi, 1(2), 220–228. https://doi.org/10.24912/jpa.v1i2.4687
Rumianti, C. (2018). Pengaruh nilai pasar dan leverage terhadap harga saham pada perusahaan manufaktur subsektor tekstil dan garmen yang terdaftar di Bursa Efek Indonesia. Akmen Jurnal Ilmiah, 15(4), 600–609. https://e-jurnal.nobel.ac.id/index.php/akmen/article/view/522
Saefudin, A., & Sudrajat, A. (2024). Pengaruh earnings per share, price to book value, dan debt to equity ratio terhadap harga saham efek syariah tahun 2021–2023. Cerdika: Jurnal Ilmiah Indonesia, 4(5), 381–395. https://doi.org/10.59141/cerdika.v4i5.795
Shiddiq, M., & Ibam, M. S. O. (2024). Pengaruh rasio keuangan terhadap harga saham pada perusahaan sektor pertambangan tahun 2017–2021. Owner: Riset dan Jurnal Akuntansi, 8(2), 1175–1189. https://doi.org/10.33395/owner.v8i2.1964
Shittu, I., Ahmad, A. C., & Ishak, Z. (2016). Price-to-book value, price-to-sales multiples, and stock price: Evidence from Nigerian listed firms. Journal of Advanced Research in Business and Management Studies, 3(1), 85–93.
Sigar, P., & Kalangi, L. (2019). Pengaruh ukuran perusahaan dan pertumbuhan penjualan terhadap harga saham pada perusahaan manufaktur sektor industri barang konsumsi yang terdaftar di Bursa Efek Indonesia. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 7(3), 3029–3039. https://ejournal.unsrat.ac.id/v3/index.php/emba/article/view/24054
Sihaloho, J., & Rochyadi, A. P. (2021). The influence of price earnings ratio (PER), earnings per share (EPS), price to book value (PBV) on stock prices and firm size as mediators in food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange 2015–2020. International Journal of Economics, Business and Accounting Research (IJEBAR), 5(4), 432–446. https://jurnal.stie-aas.ac.id/index.php/IJEBAR
Spence, M. (1973). Job market signaling. The Quarterly Journal of Economics, 87(3), 355–374. https://doi.org/10.2307/1882010
Suryani, F., Sanjaya, T., & Siregar, A. H. (2023). Pengaruh price earnings ratio (PER), earnings per share (EPS), current ratio (CR), debt to equity ratio (DER), dan ukuran perusahaan terhadap harga saham pada perusahaan manufaktur subsektor farmasi yang terdaftar di Bursa Efek Indonesia. KURS: Jurnal Akuntansi, Kewirausahaan dan Bisnis, 8(1), 1–14. https://doi.org/10.35145/kurs.v8i1.2881
Syaiful, M. A. R. (2024). Influence of earnings per share (EPS), price to book value (PBV), and net profit margin (NPM) on the prices of mining sector shares listed on the IDX 2020–2023. International Journal of Economic Integration and Regional Competitiveness, 1(1), 34–49.
Tannia, Y., & Suharti. (2020). Analisis pengaruh debt to equity ratio, debt to asset ratio, price earnings ratio, dan price to book value terhadap harga saham pada perusahaan sektor pertanian. INVEST: Jurnal Inovasi Bisnis dan Akuntansi, 1(1), 13–26. https://doi.org/10.55583/invest.v1i1.19
Utomo, S. A., & Partini, S. (2024). The influence of earnings per share and price to book value on stock prices for the 2019–2021 period (Case study of automotive sub-sector companies on the Indonesia Stock Exchange). International Journal of Seocology (Science, Education, Economics, Psychology and Technology), 5(2), 51–59.
Unduhan
Diterbitkan
Cara Mengutip
Terbitan
Bagian
Lisensi

Artikel ini berlisensi Creative Commons Attribution-NonCommercial 4.0 International License.
Abstract views: 375
,
PDF Downloads: 158







