PENGARUH PROFITABILITAS TERHADAP HARGA SAHAM PERUSAHAAN RETAIL YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aims to examine the effect of profitability ratios on stock prices.
Profitability ratios in this study are proxied with retturn on assets (ROA), retturn on
equity (ROE), earnings per share (EPS) and nett profit margin (NPM), while stock price
is calculated by book price or PBV ). Sample in this research is company of service
sector sub sector of retail company which listed in stock exchange of indonesia between
year 2012-2016 counted 14 from 21 company. The results of regression in this study
showed that the variable retturn on assets (ROA), earnings per share (EPS) and nett
profit margin (NPM) partially no significant effect on price book to value (PBV), and
retturn on equity (ROE) positive and significant to price book to value (PBV). The
retturn on equity (ROE), earnings per share (EPS) and nett profit margin (NPM)
variables affect the price book to value (PBV) by 48.3%, while the remaining (100% -
35,3% = 64,7%) influenced by other variables outside this research variable.
Keywords : retturn on assets (ROA), retturn on equity (ROE), earning per share
(EPS), nett profit margin (NPM), price book to value (PBV).