ANALISIS FUNDAMENTAL LAPORAN KEUANGAN DENGAN PENDEKATAN PRICE EARNING RATIO (PER) TERHADAP PENGAMBILAN KEPUTUSAN INVESTASI

FUNDAMENTAL ANALYSIS OF FINANCIAL STATEMENTS WITH PRICE EARNING RATIO (PER) APPROACH ON INVESTMENT DECISION-MAKING

Tujuan dari penelitian ini adalah untuk mengevaluasi pilihan investasi dengan menganalisis laporan keuangan periode 2016-2023 dengan menggunakan metode Price Earnings Ratio (PER). Analisis fundamental digunakan untuk menentukan nilai intrinsik dalam rangka keputusan investasi dengan menggunakan indikator keuangan seperti Return on Equity (ROE), Dividend Payout Ratio (DPR), Earning per Share (EPS), Dividend per Share (DPS), dan Price. Data diperoleh dengan menggunakan data sekunder dari laporan tahunan PT BBCA, BBRI, BBNI dan BMRI periode 2016-2023. Hasil penelitian ini menunjukkan bahwa berdasarkan analisis nilai intrinsik harga pasar Q2 2024, PT. Bank Central Asia, Tbk dan PT. Bank Mandiri, Tbk dinilai sebagai saham dengan harga yang mahal karena harga pasar diatas harga intrinsik (overvalued). Maka keputusan investasi sebaiknya dilakukan dengan membeli saham. Sedangkan harga pasar saham PT. Bank Rakyat Indonesia, Tbk dan PT. Bank Negara Indonesia, Tbk dapat dikatakan sebagai saham terjangkau atau murah karena harga pasar dibawah harga intrinsik (undervalued) dan keputusan investasi sebaiknya dilakukan dengan membeli saham

Kata Kunci: Analisis Fundamental; Price Earning Ratio; Harga Intrinsik Saham.

The purpose of this study is to evaluate investment options by analyzing financial statements for the 20162023 period using the Price Earnings Ratio (PER) method. Fundamental analysis is used to determine intrinsic value in the context of investment decisions using financial indicators such as Return on Equity (ROE), Dividend Payout Ratio (DPR), Earning per Share (EPS), Dividend per Share (DPS), and Price. The data was obtained using secondary data from the annual reports of PT BBCA, BBRI, BBNI and BMRI for the 2016-2023 period. The results of this study show that based on the analysis of the intrinsic value of the market price in Q2 2024, PT. Bank Central Asia, Tbk and PT. Bank Mandiri, Tbk is considered an expensive stock because the market price is above the intrinsic price (overvalued). So investment decisions should be made by buying stocks. Meanwhile, the stock market price of PT. Bank Rakyat Indonesia, Tbk and PT. Bank Negara Indonesia, Tbk can be said to be an affordable or cheap stock because the market price is below the intrinsic price (undervalued) and investment decisions should be made by buying shares

Keywords: Fundamental Analysis; Price Earning Ratio; Intrinsic Price of Stocks.