The Influence of Price Earnings Ratio, Price Book Value, dan Dividend Yield on Share Returns in BUMN Companies Listed on the Indonesian Stock Exchange in 2021-2023
Pengaruh Price Earnings Ratio, Price Book Value, dan Dividen Yield terhadap Return Saham pada Perusahaan BUMN Terdaftar di Bursa Efek Indonesia pada tahun 2021-2023
DOI:
https://doi.org/10.21070/ups.8593Keywords:
Price Earnings Ratio, Price to Book Value, Dividend Yield, Stock ReturnsAbstract
The purpose of this study is to determine the effect of Price Earnings Ratio (PER), Price to Book Value (PBV), and Dividend Yield on stock returns of state-owned companies listed on the Indonesia Stock Exchange during the period 2021-2023. The research method used is quantitative. The data analysis technique used was descriptive statistical analysis, using multiple regression analysis method and using (SPSS) Statistics version 26. The results of the study are that Price Earning Ratio, Price Book Value and Dividend Yield have a positive and significant effect on Stock Returns. The implication of this study is to add information for investors to be more careful in investing, and to be a consideration for investors in developing investment strategies so that they are more comfortable using all their funds to avoid losses due to the phenomenon of financial reporting manipulation that occurs in the company
Downloads
References
I. Denok, A. Program, S. Manajemen, and S. Sitohang, “Pengaruh Rasio Profitabilitas, Rasio Aktivitas, Dan Ukuran Perusahaan Terhadap Pertumbuhan Laba.”
R. R. Mamahit, T. M. Tumbel, J. V Mangindaan, J. Ilmu, A. Program, and S. A. Bisnis, “Pengaruh Variabel Makroekonomi Terhadap Indeks Harga Saham Gabungan (Studi pada Indeks Harga Saham Gabungan di Bursa Efek Indonesia Periode 2014-2018),” Jurnal Administrasi Bisnis, vol. 8, no. 2, 2019, [Online]. Available: www.idx.co.id
. https://www.cnbcindonesia.com, “Tiga masalah bumn karya ini bikin margin jadi tipis,” . https://www.cnbcindonesia.com/research/20230609153255-128-444610/tiga-masalah-bumn-karya-ini-bikin-margin-jadi-tipis.
CNBC Indonesia, “masalah bumn karya ,” . https://www.cnbcindonesia.com.
O. K. Siregar, M. Si, and R. Dani, “Pengaruh Deviden Yield Dan Price Earning Ratio Terhadap Return Saham Di Bursa Efek Indonesia Tahun 2016 Sub Sektor Industri Otomotif,” 2019. [Online]. Available: www.idx.co.id.
M. Yang, T. Di Bursa, E. Indonesia, : Wahyudi, S. Desmiawati, and Y. Anisma, “Pengaruh Mekanisme Good Corporate Governance, Dan Ukuran Perusahaan Terhadap Integritas Laporan Keuangan (Studi Kasus pada Perusahaan,” 2014.
D. Mayasari and U. Syaipudin, “Pengaruh Debt To Equity Ratio, Price Earning Ratio, Earning Per Share, Price To Book Value Terhadap Return Saham Selama Masa Pandemi Covid-19 (Studi Pada Perusahaan Yang Aktif Terdaftar Dalam LQ45 Tahun 2019-2021),” 2023.
S. Anggi Saputri, Malavia Mardani, Ronny., and B. Wahono, “Pengaruh Price Book Value (PBV), Price Earning Ratio (PER), Return On Asset (ROA) Terhadap Return Saham (Studi Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi Yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2018),” E– Jurnal Riset Manajemen, 2021.
Y. T. Wulandari, “The Infl uence of Price Earnings Ratio and Price to Book Value on Stock Return in Food and Beverage Companies Listed on Indonesia Stock Exchange in 2016-2020,” 2022. [Online]. Available: http://jurnal.unmer.ac.id/index.php/ap
M. C. Jensen et al., “Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure,” J financ econ, no. 4, pp. 305–360, 1976, [Online]. Available: http://hupress.harvard.edu/catalog/JENTHF.html
M. C. Jensen, “Agency costs of overvalued equity,” Financ Manage, vol. 34, no. 1, pp. 5–19, 2005, doi: 10.1111/j.1755-053X.2005.tb00090.x.
Hartaroe. Putri, “Pengaruh Price Book Value (PBV), Price Earning Ratio (PER), Debt To Equity Ratio (DER) Dan Return On Asset (ROA) Terhadap Return Saham (Studi Empiris Pada Perusahaan Food and Beverage yang Terdaftar di BEI Periode 2012-2016),” e – Jurnal Riset Manajemen, 2018.
L. Desiana, “Pengaruh Price Earning Ratio Lidia Desiana,” 2017. [Online]. Available: www.idx.co.id
D. Mayasari and U. Syaipudin, “Pengaruh Debt To Equity Ratio, Price Earning Ratio, Earning Per Share, Price To Book Value Terhadap Return Saham Selama Masa Pandemi Covid-19 (Studi Pada Perusahaan Yang Aktif Terdaftar Dalam LQ45 Tahun 2019-2021),” 2023.
Rheffinka Remonia and S. Setiyawan, “Pengaruh PER dan PBV terhadap Return Saham pada Perusahaan Sektor Pertambangan Batubara yang Terdaftar di Bursa Efek Indonesia Periode 2020-2022,” Bandung Conference Series: Business and Management, vol. 3, no. 2, Jul. 2023, doi: 10.29313/bcsbm.v3i2.9252.
O. K. Siregar, M. Si, and R. Dani, “Pengaruh Deviden Yield Dan Price Earning Ratio Terhadap Return Saham Di Bursa Eefek Indonesia Tahun 2016 Sub Sektor Industri Otomotif,” 2019. [Online]. Available: www.idx.co.id.
Josua Sirait, Unggul Purwohedi, and Diena Noviarini, “Pengaruh Volatilitas Laba, Leverage Keuangan, Kebijakan Dividen, Dan Price To Book Value Terhadap Volatilitas Harga Saham,” Jurnal Akuntansi, Perpajakan dan Auditing, vol. 2, no. 1, pp. 397–415, 2021.
N. Luh Gde Novitasari, “Pengaruh Corporate Governance Dan Faktor Fundamental Terhadap Return Saham Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Jurnal KRISNA: Kumpulan Riset Akuntansi,” Jurnal KRISNA: Kumpulan Riset Akuntansi, vol. 9, no. 1, 2017.
A. Ardiyanto, N. Wahdi, and A. Santoso, “Pengaruh Return On Assets, Return On Equity, Earning Per Share Dan Price To Book Value Terhadap Harga Saham,” 2020.
Cynthia and S. Salim, “Pengaruh Dividend Yield, Sales Growth, Firm Value, Firm Size Terhadap Return Saham,” Jurnal Multiparadigma Akuntansi Tarumanagara, vol. 2, no. 1, pp. 1540–1549, Oct. 2020.
V. , Ningsih, A. , Halim, and R. Wulandari, “Pengaruh Price Earning Ratio, Dividend Yield, Book To Market Ratio Danaudit Quality Terhadap Return Saham,” Jurnal Riset Mahasiswa Akuntansi, vol. 4, no. 1, pp. 1–13, 2017.
Y. T. Wulandari, “The Infl uence of Price Earnings Ratio and Price to Book Value on Stock Return in Food and Beverage Companies Listed on Indonesia Stock Exchange in 2016-2020,” 2022. [Online]. Available: http://jurnal.unmer.ac.id/index.php/ap
Josua Sirait, Unggul Purwohedi, and Diena Noviarini, “Pengaruh Volatilitas Laba, Leverage Keuangan, Kebijakan Dividen, Dan Price To Book Value Terhadap Volatilitas Harga Saham,” Jurnal Akuntansi, Perpajakan Dan Auditing, vol. 2, no. 1, pp. 397–415, 2021.
Rheffinka Remonia and S. Setiyawan, “Pengaruh PER dan PBV terhadap Return Saham pada Perusahaan Sektor Pertambangan Batubara yang Terdaftar di Bursa Efek Indonesia Periode 2020-2022,” Bandung Conference Series: Business and Management, vol. 3, no. 2, Jul. 2023, doi: 10.29313/bcsbm.v3i2.9252.
D. Mayasari and U. Syaipudin, “Pengaruh Debt To Equity Ratio, Price Earning Ratio, Earning Per Share, Price To Book Value Terhadap Return Saham Selama Masa Pandemi Covid-19 (Studi Pada Perusahaan Yang Aktif Terdaftar Dalam LQ45 Tahun 2019-2021),” 2023.
Meythi and Mariana Mathilda, “Pengaruh Price Earnings Ratio dan Price to Book Value terhadap Return Saham Indeks LQ 45 (Perioda 2007-2009),” Jurnal Akuntansi, vol. 4, no. 1, pp. 1–21, 2012.
R. R. Mamahit, T. M. Tumbel, J. V Mangindaan, J. Ilmu, A. Program, and S. A. Bisnis, “Pengaruh Variabel Makroekonomi Terhadap Indeks Harga Saham Gabungan (Studi pada Indeks Harga Saham Gabungan di
Bursa Efek Indonesia Periode 2014-2018),” Jurnal Administrasi Bisnis, vol. 8, no. 2, 2019, [Online]. Available: www.idx.co.id
I. Ghozali, Aplikasi analisis multivariate dengan program IBM SPSS 25, 9th ed. . Semarang: Universitas Diponegoro: Universitas Diponegoro,2018.Accessed, 2023.
I. Ghozali, “, Aplikasi analisis multivariate dengan program IBM SPSS 26, 10th ed.,” Universitas Diponegoro.
M. L. Sembiring, “Pengaruh likuiditas, solvabilitas dan perputaran modal kerja terhadap profitabilitas pada PT Indah Kiat Pup and Paper yang terdaftar di Bursa Efek Indonesia periode tahun 2009-2017,” Universitas Medan Area, 2019.
Eka Putra Jaya and Randy Kuswanto, “Pengaruh Return On Assets, Debt To Equity Ratio Dan Price To Book Value Terhadap Return Saham Perusahaan LQ45 Terdaftar Di Bursa Efek Indonesia Periode 2016 – 2018,” Jurnal Bina Akuntansi, vol. 8, no. 1, pp. 51–67, 2021.
I. Ghozali, Aplikasi Analisis Multivariate Dengan Program Ibm Spss 25, 9th Ed. . Semarang: Universitas Diponegoro, 2023.
I. Ghozali, Aplikasi Analisis Multivariate Dengan Program Ibm Spss 26, 10th Ed. Semarang: Universitas Diponegoro: Universitas Diponegoro., 2023.
Downloads
Additional Files
Posted
License
Copyright (c) 2025 UMSIDA Preprints Server
This work is licensed under a Creative Commons Attribution 4.0 International License.
