The Impact of ROE, DER, & EPS on Stock Prices in Non-Bank LQ-45 Indeks Company
The purpose of this study is to examine and empirically prove the influence of Return on Equity (ROE), Debt to Equity Ratio (DER), and Earnings Per Share (EPS) on stock prices. The population consists of non-bank companies listed in the LQ-45 Index on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. A total of 35 companies were selected using a purposive sampling technique. The data were analyzed using a panel data regression model with the Fixed Effect Model (FEM) approach through EViews version 13 software. The results indicate that ROE has a significant positive effect on stock prices, while DER has a significant negative effect. Meanwhile, EPS was found to have no significant effect on stock prices, suggesting that earnings per share information has already been reflected in market prices. Simultaneously, the independent variables explain 95.34% of the variation in stock prices. These findings imply that investors should prioritize the analysis of profitability and capital structure over earnings per share when making investment decisions in LQ-45 stocks.
- Research Article
- 10.32487/jshp.v2i2.499
- Sep 1, 2018
- JSHP ( Jurnal Sosial Humaniora dan Pendidikan)
The purpose of this study was to determine the effect of Debt to Equity Ratio (DER), Return On Equity (ROE) and Earning Per Share (EPS) on Stock Prices. Data were obtained from the Annual Report issued by the Indonesia Stock Exchange with the 2009-2017 period. In this study used saturated sampling techniques and samples in the study are State-Owned Enterprised Banks listed on the Indonesia Stock Exchange for the period 2009-2017. The analysis technique used in this study is multiple linear regression analysis to obtain a comprehensive picture of the relationship between variables one with other variables Based on the results of testing hypotheses using simultaneous test (F) statistics concluded that Debt to Equity Ratio (DER), Return On Equity (ROE) and Earning Per Share (EPS) simultaneously had a significant effect on Stock Prices. Based on partial test (t) it was concluded that Debt to Equity Ratio (DER), partially significant effect on Stock Price, Return On Equity (ROE) partially significant effect on Stock Price and Earning Per Share (EPS) partially significant effect on Stock Price. The purpose of this study was to determine the effect of Debt to Equity Ratio (DER), Return On Equity (ROE) and Earning Per Share (EPS) on Stock Prices. Data were obtained from the Annual Report issued by the Indonesia Stock Exchange with the 2009-2017 period. In this study used saturated sampling techniques and samples in the study are State-Owned Enterprised Banks listed on the Indonesia Stock Exchange for the period 2009-2017. The analysis technique used in this study is multiple linear regression analysis to obtain a comprehensive picture of the relationship between variables one with other variables Based on the results of testing hypotheses using simultaneous test (F) statistics concluded that Debt to Equity Ratio (DER), Return On Equity (ROE) and Earning Per Share (EPS) simultaneously had a significant effect on Stock Prices. Based on partial test (t) it was concluded that Debt to Equity Ratio (DER), partially significant effect on Stock Price, Return On Equity (ROE) partially significant effect on Stock Price and Earning Per Share (EPS) partially significant effect on Stock Price.
- Research Article
4
- 10.33395/owner.v7i1.1268
- Dec 26, 2022
- Owner
This study is a quantitative study that aims to determine the effect of return on equity (ROE), earning per share (EPS) and debt to equity ratio (DER) on stock prices. The stock price is measured using the natural logarithm of the closing price. The population in this study are procesed food industry companies listed on the Indonesia Stock Exchange in 2018 – 2020. The sampling technique used is purposive sampling. The sample in this study amounted to 51 samples of 17 companies multiplied by accessing the company’s financial statement through the website of the Indonesia Stock Exchange (IDX). The data analysis technique used in this study is multiple linear regression analysis with the help of SPSS version 25 program. The result of this study indicate that simultaneously return on equity, earning per share and debt to equity ratio have an effect on stock prices. Partially, the return on equity has an effect on stock price. Earning per share and debt to equity ratio partially have no effect on stock prices. Keywords: Return On Equity, Earning Per Share, Debt To Equity Ratio, Stock Price
- Research Article
1
- 10.22515/academica.v3i1.2001
- Dec 1, 2019
- Academica : Journal of Multidisciplinary Studies
Profitability Ratio is a ratio to assess a company's ability to search profit or profit in a certain period. The profitability ratio can be used by investors to assess the company's finances. The purpose of this study is to determine the effect of Return On Equity (ROE), Earning Per Share (EPS), and Debt to Equity Ratio (DER) on stock prices. The data used in this study are secondary data from the official financial data of the Indonesia Stock Exchange (www.idx.co.id). This research sample supports 30 JII companies listed on the Indonesia Stock Exchange using a purposive sampling method, which is a method of agreeing to certain criteria. Data collection methods (2018) with a sample size (n) = 30, to collect the hypothesis of this study using multiple regression analysis. Evaluation Results Obtained from Return On Equity (ROE) which affect the stock price, Earnings Per Share (EPS) affect the stock price, and the Debt to Equity (DER) ratio affects the stock price. Keywords : Return On Equity (ROE); Earning Per Share (EPS); Debt to Equity Ratio (DER); Stock Prices; Indonesia Stock Exchange
- Research Article
- 10.52062/jaked.v18i2.3415
- Dec 30, 2023
- JURNAL AKUNTANSI DAN KEUANGAN DAERAH
The Covid-19 pandemic has had long, medium-, and short-term impacts on the manufacturing sector listed on the Indonesia Stock Exchange. Pressure on the manufacturing sector was caused by policies made by the government by violating PSBB and policies issued by companies, namely laying off their employees, which impacted decreasing company production. This certainly affects the share price of companies in the manufacturing sector on the Indonesia Stock Exchange (IDX). The purpose of this study is to determine whether Net Profit Margin (NPM), Return On Assets (ROA), Return On Equity (ROE), Earning Per Share (EPS), and Debt to Equity (DER) have an effect. The population in this study were all manufacturing companies listed on the IDX for the 2020-2022 period, totaling 181 companies; 52 companies were obtained using purposive sampling. The analytical method used is multiple linear regression analysis with the help of SPSS 29 software. The results of this study indicate that Net Profit Margin, Earning Per Share, and Equity Ratio have a significant effect on stock prices. At the same time, Return On Assets and Return On Equity are not significant on stock prices. The stock price is significantly influenced by the following factors at the same time: Net Profit Margin (NPM), Return On Assets (ROA), Return On Equity (ROE), Earnings Per Share (EPS), and Debt To Equity Ratio (DER).
 Keywords: NPM, ROA, ROE, EPS, DER, Stock Price.
- Research Article
- 10.33395/jmp.v13i2.14571
- Feb 15, 2025
- Jurnal Minfo Polgan
The conditions found are that in 2021 and 2022, there was an increase in the average ROA value, but the stock price decreased and the average ROE value in 2019 and 2020 increased, but the stock price actually decreased. This is contrary to the theory which states that the higher the ROA and ROE, the better the company's performance which should attract investors and increase stock prices. This study aims to analyze the Effect of Return on Assets (ROA), Return on Equity (ROE), Debt to Equity Ratio (DER) and Earnings Per Share (EPS) on stock prices in Advertising, Printing and Media sub-sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2019-2022. This study uses secondary data with a quantitative approach. The analysis method used in this study is multiple linear regression with simultaneous and partial testing. The results of the study show that simultaneously, the variables ROA, ROE, DER, and EPS do not have a significant effect on stock prices. Partially, each independent variable also does not have a significant effect on stock prices. The Adjusted R Square value in this study is 0.099 or 9.9%, which indicates that the ROA, ROE, DER, and EPS variables together are only able to explain 9.9% of stock price variations, while the remaining 90.1% is influenced by other factors not included in this research model. These results indicate that the variables used in this study have a less strong influence on stock prices in the Advertising, Printing and Media sector
- Research Article
- 10.47776/mizania.v4i2.1743
- Sep 30, 2024
- MIZANIA: Jurnal Ekonomi Dan Akuntansi
Stock prices fluctuate frequently, so investors must really choose the stocks to buy. Before making an investment, investors should check the financial performance of the company. To select an investment, this will be used as a basis. Investors see the company's performance by analyzing profitability and leverage ratios. By analyzing these ratios, investors can see the progress and development of a company. The purpose of this research is to analyze the effect of profitability proxied by Return On Equity (ROE) and Leverage proxied by Debt to Equity Ratio (DER) on stock prices with Earning Per Share (EPS) as a moderating variable in the Islamic mining sector listed on the Indonesia Stock Exchange 2019-2023. This research is a type of quantitative research. The data collection method in this study is documentation and literature study using a sample of 15 companies. The sampling technique used purposive sampling technique. This research uses data analysis methods with panel data regression tests with the help of Eviews Version 12. The findings of this research indicate that Return On Equity (ROE) has an effect on stock prices. Meanwhile, Debt to Equity Ratio (DER) has no effect on stock prices. Earning Per Share (EPS) does not moderate the effect of ROE and DER on stock prices. Simultaneously, Return On Equity (ROE) and Debt to Equity Ratio (DER) affect the price of Islamic shares in the mining sector listed on the Indonesia Stock Exchange 2019-2023.
- Research Article
- 10.31000/dmj.v7i4.9453
- Oct 30, 2023
- Dynamic Management Journal
ABSTRAKHarga saham adalah harga yang tercantum di pasar modal dan merupakan bentuk kepemilikan perusahaan di pasar modal. Preferensi saham dapat dipertimbangkan dengan menggunakan fundamental perusahaan. Penelitian ini bertujuan untuk mengetahui pengaruh Current Ratio, Debt To Equity Ratio, Total Asset Turnover, dan Earning Per Share terhadap harga saham perusahaan Industri wadah dan kemasan yang terdaftar di Bursa Efek Indonesia periode 2018-2022. Subyek penelitian adalah perusahaan industri wadah dan kemasan berdasarkan klasifikasi IDX-IC dengan jumlah 12 perusahaan. Menggunakan purposive sampling untuk pengambilan sampel. Teknik analisis data yang digunakan adalah uji asumsi klasik, analisis regresi linier berganda, dan pengujian hipotesis yang dilakukan dengan SPSS versi 26. Hasil penelitian menunjukkan bahwa Current Ratio (CR) berpengaruh negatif dan Earning Per Share (EPS) berpengaruh positif dan signifikan terhadap harga saham. Sedangkan Debt To Equity Ratio (DER) dan Total Asset Turnover (TATO) tidak berpengaruh terhadap harga saham.Kata Kunci: Current Ratio, Debt To Equity Ratio, Total Asset Turnover, Earning Per Share, Harga Saham. ABSTRAKStock prices are the prices listed in the capital market and are a form of corporate ownership in the capital market. Stock preferences can be considered using corporate fundamentals. This study aims to determine the influence of Current Ratio, Debt To Equity Ratio, Total Asset Turnover, and Earning Per Share on the stock prices of Container and Packaging Industry companies listed on the Indonesian Stock Exchange for the 2018-2022 period. The research subjects are container and packaging industry companies based on the IDX-IC classification with 12 companies. Using purposive sampling for sampling.The data analysis techniques used are classical assumption tests, multiple linear regression analysis and hypothesis testing performed with SPSS version 26. The results showed that Current Ratio (CR) had a negative effect and Earning Per Share (EPS) had a positive and significant effect on stock prices. However, Debt To Equity Ratio (DER) and Total Asset Turnover (TATO) had no effect on stock prices.Keywords: Current Ratio, Debt To Equity Ratio, Total Asset Turnover, Earning Per Share, Stock Prices.
- Research Article
- 10.52403/ijrr.20230925
- Sep 15, 2023
- International Journal of Research and Review
This study aims to examine and analyze the effect of Debt Equity Ratio (DER), Earning Per Share (EPS), and Dividend Payout Ratio (DPR) on Stock Prices through Firm Value as a mediating variable for companies listed on the LQ45 Index for the 2015-2021 period. This study used purposive sampling so that the sample in the study was as many as 12 companies listed in the LQ45 Index with a total of 84 observations and data processing in this study using IBM SPSS software. The analytical method used in this study is multiple linear regression analysis and path analysis. The results showed that Earning Per Share (EPS) and Dividend Payout Ratio (DPR) positively and significantly affected firm value. In contrast, the Equity Ratio (DER) had no significant effect on firm value. Debt to Equity Ratio (DER) and Earning Per Share (EPS) positively and significantly affect stock prices. In contrast, the Dividend Payout Ratio (DPR) and Firm Value do not significantly affect stock prices. The Firm Value variable can only mediate the relationship between the Dividend Payout Ratio (DPR) and stock prices. Keywords: Debt to Equity Ratio, Earnings Per Share, Dividend Payout Ratio, Firm Value, and Stock Price.
- Research Article
4
- 10.55927/eajmr.v1i7.1026
- Aug 31, 2022
- East Asian Journal of Multidisciplinary Research
The purpose of this study is to determine empirically the effect of Price Earning Ratio (PER), Price to Book Value (PBV), Dividend per Share (DPS), Earning Per Share (EPS), Debt to Equity Ratio (DER)¸ Return On Equity (ROE), Return On Assets (ROA) and Net Profit Margin (NPM) on LQ45 company stock prices for the period 2010 – 2019. In this study stock prices are used as a dependent variable, whereas PER, PBV, DPS, EPS, DER, ROE, ROA and NPM are used as independent variables. The analytical tools used are multiple linear regression with the classic assumption test, t test, F test and the coefficient of determination test. The results of this study are PER, PBV and EPS have positive and significant effects on stock prices. ROE has a negative and significant effect on stock prices. DPS, ROA and NPM have positive and insignificant effects on stock prices. DER has a negative and insignificant effect on stock prices. The variable that has the most significant effect on stock prices is EPS. The implications of this research are that companies need to improve their performance through effective and efficient corporate financial management, increase creativity and innovation in producing new products and increasing effective marketing. For investors, EPS can be used as the main reference when conducting stock investment analysis.
- Research Article
1
- 10.51773/sssh.v2i1.137
- Jan 25, 2023
- Scientia
The purpose of this study is to analyze the effect of Return On Equity (ROE), Debt to Equity Ratio (DER), Earning Per Share (EPS), and Net Profit Margin (NPM) on stock prices. Empirical Studies on real estate and property listed on the Indonesia Stock Exchange (IDX). The research time period used is 4 years, namely the 2015-2018 period. The population of this study includes all real estate and property companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2018 period. The sampling technique used purposive sampling technique. Based on the predetermined criteria obtained 15 companies. The type of data used is secondary data obtained from the Indonesia Stock Exchange website. The analytical method used is panel data regression analysis which is processed with Eviews 9.0 . The results of the partial test of the study show that Return On Equity (ROE) has a significant positive effect on stock price , Debt to Equity Ratio (DER), Earning Per Share (EPS), and Net Profit Margin (NPM) have no effect on stock prices. Then the results of the simultaneous test of the research show that there is an influence between Return On Equity (ROE), Debt To Equity Ratio (DER), Earning Per Share (EPS) and Net Profit Margin (NPM) . The result of testing the coefficient of determination is 0.945425 , which means that the variation of the dependent variable that can be explained by the independent variable is 0.945425 or 94.54 percent (Very Strong). While the remaining 5.46 percent is influenced by other variables not examined in this study.
- Research Article
4
- 10.47191/jefms/v6-i3-03
- Mar 2, 2023
- JOURNAL OF ECONOMICS, FINANCE AND MANAGEMENT STUDIES
This study aims to determine partially, simultaneously and dominantly the effect of Earning Per Share (EPS), Return On Assets (ROA), Return On Equity (ROE), Debt to Equity Ratio (DER) on Stock Prices in Cigarette Companies Listed on the Indonesia Stock Exchange for the period 2015-2017. The results of research processed with the SPSS programme that the Adjusted R Square value in the coefficient of determination analysis results shows a value of 0.931 or 93.1%. This shows that the four independent variables, namely Earning Per Share (EPS), Return On Assets (ROA), Return On Equity (ROE), Debt To Equity Ratio (DER), affect the stock price variable by 93.1%. While the remaining 6.9% is influenced by other factors besides the factors proposed in this study. The simultaneous test results (F test) show a significance value of 0.000 < 0.05, meaning that Earning Per Share (EPS), Return On Assets (ROA), Return On Equity (ROE), Debt To Equity Ratio (DER), simultaneously have a positive and significant effect on stock prices in cigarette sub-sector companies listed on the Indonesian Stock Exchange for the period 2015-2017. Partial results (T test) show that the significance value of Earning Per Share (EPS) 0.004 < 0.05 means that EPS has a positive and significant effect on stock prices, Return On Assets (ROA) value 0.038 < 0.05 means that ROA has a positive and significant effect on stock prices, Return On Equity (ROE) value 0.049 < 0.05 means that ROE has a positive and significant effect on stock prices, Debt To Equity Ratio (DER) value 0.049 < 0.05 means that DER has a positive and significant effect on stock prices in cigarette companies.
- Research Article
- 10.31539/costing.v7i1.6516
- Aug 13, 2023
- Journal of Economic, Bussines and Accounting (COSTING)
This study aims to determine the effect of Asset Structure, Market Value Added (MVA), Debt to Equity Ratio (DER), and Earning Per Share (EPS), on Stock Prices in Property Companies Listed on the Indonesia Stock Exchange (IDX) in 2017 - 2021. This study uses quantitative data types and the research population to be used in the study are property companies listed on the Indonesian stock exchange (bei) in 2017 - 2021 as many as 32 companies with a research sample of 160 samples. The results of the study partially show that Asset Structure has an influence on Stock Price by having a tcount value (0.208) > ttable (1.97529) with a significant level of 0.033 <0.05, Market Value Added has an influence on Stock Price by having a tcount value (5. 877) > t table (1.97529), Debt to Equity Ratio has no effect on Stock Price by having tcount (0.217) < t table (1.97529) with a significant level of 0.828 < 0.05, Earning Per Share has an influence on Stock Price by having tcount (4. 757) > ttable (1.97529) with a significant level of 0.000 < 0.05 and Asset Structure, Market Value Added, Debt to Equity Ratio and Earnings Per Share have an effect and significant on Stock Prices by having Fcount (5.527) > Ftable (2.43) with a significance of 0.000 < 0.05. 
 Keywords: Asset Structure, Market Value Added, Debt to Equity Ratio, Earning Per Share (EPS) and Stock Price.
- Research Article
1
- 10.34306/conferenceseries.v3i2.590
- Dec 16, 2021
- Conference Series
This research was conducted by using the object of research, 7 banks listed on the Indonesia Stock Exchange. The independent variable in this study is earnings per share (EPS), price earnings ratio (per), market to book ratio (MBR), debt to equity ratio (DER), interest rate (int) and Market Value Added (MVA). While the dependent variable in this study is the stock price (market price). The results of this study are earnings per share (EPS), price earnings ratio (per), and the Market to Book Ratio (MBR) have a positive effect on stock prices. While the Debt to Equity Ratio (DER), Interest Rate (INT), and Market Value Added (MVA) have a negative effect on stock prices. Earnings Per Share (EPS), Price Earnings Ratio (PER), Market to Book Ratio (MBR), Debt to Equity Ratio (DER), Interest Rate (INT), and Market Value Added (MVA) together influence and significantly against stock prices.
- Research Article
- 10.59841/excellence.v3i2.2969
- Jun 24, 2025
- Journal Economic Excellence Ibnu Sina
This study aims to analyze the influence of Return on Assets (ROA), Return on Equity (ROE), Debt to Equity Ratio (DER), and Earnings Per Share (EPS) on the level of underpricing in companies conducting an Initial Public Offering (IPO) on the Indonesia Stock Exchange (IDX) during 2022. Underpricing, a condition where the initial offering price of a stock is lower than its secondary market price, is a critical concern as it can affect the effectiveness of capital raising through IPOs. Using data from non-financial companies that went public in that year, this research identifies financial factors contributing to the level of underpricing and their implications for investors and companies. This study employs a quantitative descriptive research method. The objects of this research are companies that conducted IPOs on the IDX. The population consists of 57 companies, and the sample includes 52 companies that meet the specified criteria. The data analysis is conducted using SPSS software. The results show that ROA has a negative but not significant effect on underpricing, ROE has a negative but not significant effect on underpricing, DER has a negative but not significant effect on underpricing, while EPS has a positive and significant effect on underpricing. Simultaneously, ROA, ROE, DER, and EPS have a significant effect on underpricing.
- Research Article
- 10.46306/ncabet.v1i1.20
- Oct 30, 2021
- National Conference on Applied Business, Education, & Technology (NCABET)
The food and beverage company's earnings per share (EPS) share price and earnings are down in 2020. Current Ratio (CR) and Debt to Equity Ratio (DER) showed good progress, but neither was followed by an increase in stock prices. The purpose of this study is to determine the effect of Earnings Per Share (EPS), Current Ratio (CR), and Debt to Equity Ratio (DER) on stock prices both partially and simultaneously. This research uses a quantitative approach with secondary data in the form of Earning Per Share (EPS), Current Ratio (CR), and Debt to Equity Ratio (DER) data and stock prices. The determination of samples in this study used purposive sampling so that 9 companies from 29 food and beverage companies were obtained. The analysis technique used is a regression analysis technique of panel data using the help of the Eviews10 application. The conclusions obtained indicate that Earnings Per Share (EPS) partially have a positive and significant effect on the stock price. Current Ratio (CR) and Debt to Equity Ratio (DER) partially have no significant effect on stock prices. Earnings Per Share (EPS), Current Ratio (CR), and Debt to Equity Ratio (DER) simultaneously have a positive and significant effect on stock prices
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