Pengaruh Rasio-Rasio Keuangan terhadap Harga Saham Sektor Agrikultur di Bursa Efek Indonesia Periode 2014-2018

Effect of Financial Ratios on Agricultural Sector Stock Prices on the Indonesia Stock Exchange in the 2014-2018 Period

Tujuan yang ingin dicapai oleh penelitian ini adalah mengetahui pengaruh rasio return on equity, earning per share, price earning ratio, dan rasio utang terhadap ekuitas terhadap harga saham di sektor pertanian terhadap Bursa Efek Indonesia di 2014- Periode 2018. Penelitian ini memiliki populasi yang digunakan yaitu perusahaan sektor pertanian yang tercatat di Bursa Efek pada periode 2014-2018 ke atas dari 17 perusahaan. Metode analisis regresi linier berganda digunakan dalam penelitian ini. Berdasarkan kesimpulan, ada pengaruh negatif dari rasio return on equity (X1) terhadap harga saham (Y) dalam uji hipotesis pertama. Untuk pengujian hipotesis berikutnya, kesimpulan menunjukkan bahwa rasio laba per saham (X2) memiliki efek positif terhadap harga saham (Y). Studi ini juga menemukan bahwa price earning ratio (X3) merugikan harga saham (Y) dalam tes hipotesis ketiga. Sedangkan uji hipotesis keempat menunjukkan bahwa rasio utang terhadap modal (X4) tidak mempengaruhi harga saham (Y). Ini terjadi karena pergerakan masing-masing variabel pada harga saham.

The objectives to be achieved by this research are knowing the effect of the ratio of return on equity, earnings per share, price earning ratio, and the debt to equity ratio to stock prices in the agricultural sector on the Indonesia Stock Exchange in the 2014-2018 period. This study has a population that is used namely agricultural sector companies recorded on the Stock Exchange in the 2014-2018 period upwards of 17 companies. Multiple linear regression analysis methods were utilized in this study. Based on conclusions, there is a negative effect of the ratio of return on equity (X1) to stock prices (Y) in the first hypothesis test. For the subsequent hypothesis testing the conclusions indicate that the earnings per share ratio (X2) has a positive effect on stock prices (Y). This study also found that the price earning ratio (X3) harmed stock prices (Y) in the third hypothesis test. While the fourth hypothesis test shows that the debt to equity ratio (X4) does not affect stock prices (Y). This happens because of the movement of each variable on stock prices.