ANALISIS PENGARUH RASIO LIKUIDITAS,
RASIO SOLVABILITAS, RASIO AKTIVITAS,
DAN RASIO PROFITABILITAS TERHADAP
PRICE EARNING RATIO PADA PERUSAHAAN
MANUFAKTUR YANG TERDAFTAR
DI BURSA EFEK INDONESIA
The aims of this study is to determine the influence of financial ratios
of Price Earing Ratio in manufacturing companies listed on the Indonesia Stock
Exchange. In fundamental analysis, Price Earning Ratio is often used because it
is easy to understood by investors or prospective investors as a measure to
determine how the market value or price of a company. Financial ratios used in
the liquidity ratio, solvability ratio, activity ratio, and profitability ratio.
Variable in this study are independent and dependent variables. The independent
variable consist of Current Ratio (CR) , Debt to Equity Ratio (DER), Inventory
Turnover (INTO), Return On Equity (ROE), and the dependent variable is Price
Earning Ratio.
Research method used is multiple linear regression model. Type of data is
secondary data from each manufacturing companies listed on the Indonesia Stock
Exchange for three years in 2006, 2007, and 2008. The samples are taken by
purposive random sampling. The samples is fifty four manufacturing companies.
Results show that the liquidity ratio, activity ratio, and profitability ratio
has a significant effect on price earning ratio manufacturing company shares.
However solvability ratio have no significant effect on price earning ratio
manufacturing company shares. This research can be used as a reference for
investors to predicting the company’s stock price in the future and in making
decesions to invest