Study the Relationship between Financial Ratios and Profitability to Market Value of Companies Listed on the Stock Exchange of Thailand. Resource Industry Group Energy and Utilities Category

Abstract

This research aims to study financial ratios. Profitability and market value, to study financial ratios that are related to profitability, to study financial ratios that are related to market value and to study the profitability that is related to the market value of companies listed on the Stock Exchange of Thailand. Resource Industry Group Energy and Utilities Category The sample group for this research was companies listed on the Stock Exchange of Thailand. Resource Industry Group Energy and utilities category from 2020 to 2022, including 3 accounting periods, 57 companies, total sample size 163, including data from financial statements. Annual report and Form 56-1. The received data is analyzed statistically according to the research objectives with a ready-made program. The statistics used to analyze the data are descriptive statistics, consisting of mean, standard deviation, minimum, maximum, quantitative statistics, such as analysis of the Pearson Correlation coefficient. and Multiple Regression Analysis. Major Findings: Financial ratios that are related to profitability, it is found that the working capital ratio (CR) and the quick working capital ratio (QR) are related in the opposite direction to the return on equity (ROE). Significant at the 0.05 level, Debt Ratio (DR) has a relationship in the opposite direction with Net Profit Rate (NPM), significant at the 0.05 level. Financial ratios that have a relationship with market value found that Debt Ratio (DR) has The relationship is in the same direction with earnings per share (ESP). The debt-to-equity ratio (DE) is related in the opposite direction to earnings per share (ESP) significantly at the 0.05 level and the ability to do Profit that is related to market value. It was found that return on equity (ROE) has a relationship in the same direction as price to book value (PBV) at a significant level of 0.05.