Determinants Of Sharia Stock Prices : Fundamental Analysis Of Companies In The Jakarta Islamic Index 70
Keywords:
Price Earning Ratio, Leverage, Price Book ValueAbstract
This paper examines the effect of price earning ratio, leverage, and price book value compared to the company's Sharia share price in the Jakarta Islamic index70. This is different from previous research that looked at a very fundamental impact on the price of stocks listed on the Jakarta Islamic index 70 This study uses a quantitative approach, and the data is collected by looking at financial data. annual companies listed in the Jakarta Islamic index 70 from 2020 – 2023. This study uses multiple linear regression analysis techniques. The results of this study found that the price earning ratio variable has no effect on Sharia stock prices, the leverage variable has an influence on Sharia stock prices, the price book value variable has no influence on sharia stock prices, the price earning ratio variables, leverage, price book value have an effect on stock prices.
References
Adnyana, I. made. (2020). Investment and Portfolio Management. : National University Publishing Institute.
Arimbi, M. (2022). The Effect of Financial Ratios and Company Size on Profit Growth in Building Construction Sub-Sector Companies Listed on the IDX. University of Muhammadiyah Makassar.
Badu, P., Djou, S. R., & Rahman, R. (2021). Analysis of Translational Exposure Management in Multinational Companies (Yamaha Motor Company). Journal of Valuation: Scientific Journal of Management and Entrepreneurship, 1(2), 479–493. https://doi.org/10.46306/vls.v1i2.41.
Cashmere. (2018). Analysis of Financial Statements (Pert Edition). King Grafindo Persada.
Chyntia, E., & Novia, C. D. (2023). The Effect of Price Earning Ratio, Book Value, Price To Book Value, Earning Per Share, Return on Investment and Current Ratio on Stock Prices in the Mining Sector on the Indonesia Stock Exchange. Journal of Accounting & Development, X.
Dewi, N.S., & Suwarno, A.E. (2022). INFLUENCE OF ROA, ROE, EPS AND DER ON COMPANY STOCK PRICES (Empirical Study of LQ45 Companies Listed on the Indonesian Stock Exchange 2016-2020) Natasha. National Seminar on Tourism and Entrepreneurship (SNPK) Vol 1 April 2022 E-ISSN, 1, 472–482.
Dika, M. F., & Pasaribu, H. (2020). The Influence of Earning Per Share, Return On Assets and Debt to Equity Ratio on Share Prices. Ecobuss Scientific Journal, 9(1), 49–55. https://doi.org/10.51747/ecobuss.v9i1.746
Estiasih, S. P., Prihatiningsih, E., & Fatmawati, Y. (2020). Dividend Payout Ratio, Earning Per Share, Debt To Equity Ratio Against Share Prices in LQ45 Companies. Journal of Accounting and Tax, 21(01). https://doi.org/10.29040/jap.v21i1.1156
Fatmawati, R., & Muniarty, P. (2023). THE INFLUENCE OF PRICE EARNING RATIO, PRICE BOOK VALUE AND DEBT TO EQUITY RATIO ON STOCK PRICES AT PT INDOCEMENT TUNGGAL PERKASA TBK.My Bank Journal, 4(February), 49–59.
Firmansyah, I., & Maharani, A. (2021). The Influence of Current Ratio (Cr) and Debt To Equity Ratio (Der) on Share Prices in Infrastructure, Utility and Transportation Sector Companies Listed in 'Bei. Land Journal, 2(1), 11–22. https://doi.org/10.47491/landjournal.v2i1.1033
Hartono, J. (2017). Portfolio Theory and Investment Analysis, (th edition). BPFE.
Hadiani, D., & Mulyana, A. E. (2021). ANALYSIS OF PRICE EARNING RATIO AND DEBT TO EQUITY RATIO ON STOCK PRICES (Case at PT Kimia Farma Tbk 2010-2019). BanKu: Journal of Banking and Finance, 2(2), 105–113. https://doi.org/10.37058/banku.v2i2.3576
Hamdan, F., & Gina, S. (2021). THE ROLE OF SHARIA CAPITAL MARKETS IN THE RATE OF ECONOMIC GROWTH IN INDONESIA. Treasure Multidisciplinary Vol 2 No 1 2021, 2(1), 33–44. https://journal.uinsgd.ac.id/index.php/kl/article/view/11635/5300
Handini, S., & Astawinetu, E. D. (2020). Portfolio Theory and Capital Markets Indonesia. scopindo media library.
Hantono. (2018). Concept of Financial Report Analysis using the Ratio Approach and SPSS. CV Budi Utama.
Hery. (2015). Analysis of Financial Statements. CAPS (Center for Academic Publishing Service).
Hidayat, R. (2018). THE EFFECT OF DEBT TO EQUITY RATIO, DEBT TO ASSET RATIO AND PROFITABILITY ON THE VALUE OF FOOD AND BEVERAGES COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE. Journal of Accounting & Finance Studies, 2(1). https://doi.org/10.5281/zenodo
Janaina, N. N., & Yudiantoro, D. (2022). The Influence of EPS, ROE and DER on Property and Real Estate Share Prices Listed on JII70. Al-Kharaj: Journal of Sharia Economics, Finance & Business, 5(2), 762–771. https://doi.org/10.47467/alkharaj.v5i2.1314
Jogiyanto. (2017). Portfolio Theory and Investment Analysis. bpfe.
Lestari, I. S. D., & Suryantini, N. P. S. (2019). The effect of Cr, Der, Roa, and Per on the stock price of pharmaceutical companies on the IDX. E-Journal of Management of Udayana University, 8(3), 1844. https://doi.org/10.24843/ejmunud.2019.v08.i03.p24
Murjana, I. M., & Prathama, B. D. (2023). The Influence of ROE, ROA, and Price Book To Value on Manufacturing Company Share Prices on BEI 1Miranti. 1(2).
Mutawally, F. W., & Asandimitra, N. (2019). The Influence of Financial Literacy, Risk Perception, Behavioral Finance and Investment Experience on Investment Decisions of Surabaya Students. Journal of Management Science (JIM),
Nurtyas, K. R., & Yudiantoro, D. (2023). The Effect of Price Earning Ratio, Price to Book Value and Inflation on the Stock Price of LQ45 Index Companies on the IDX in 2020-2022. 4(2), 350–361.
OJK. (2018). Sharia Capital Market. https://ojk.go.id/id/kanal/syariah/pages/pasar-modal-syariah.aspx
Oktaviana, F., & Rivandi, M. (2023). Company Size and Leverage on Profit Management in Transportation Companies in 2019 – 2021. JOURNAL JUMMA4, 2 No., 22–30. https://doi.org/10.30640/jumma45.v2i1.939
Pitaloka, A. A. I. R. M., Sunarsih, N. M., & Munidewi, I. . B. (2022). The Effect of Return on Equity, Price Earning Ratio, Net Profit Margin, Earning Per Share and Dividend Yield on Stock Prices in Consumer Goods Sector Manufacturing Companies Listed on the Indonesia Stock Exchange in 2018-2020. Kharisma Journal, 4(2), 449–457. www.idx.co.id.
Purwaningsih, E., & Setiawan, G. (2022). The Influence of Earnings per Share, Return on Equity, Price to Book Value, and Total Cash Flow on Share Prices. AKUA: Journal of Accounting and Finance, 1(2), 164–172. https://doi.org/10.54259/akua.v1i2.546
Rahmadewi, P. W., & Abundanti, N. (2018). The Influence of Eps, Per, Cr and Roe on Share Prices on the Indonesian Stock Exchange. Udayana University Management E-Journal, 7(4), 2106. https://doi.org/10.24843/ejmunud.2018.v07.i04.p14
Wira, D. (2021). Stock Fundamental Analysis. exceed.
Zaimsyah, A. M., Herianingrum, S., & Najiatun. (2019). Fundamental Analysis of Stock Prices Listed on the Jakarta Islamic Index in 2010-2017. Scientific Journal of Islamic Economics, 5(2), 113–119. https://doi.org/10.29040/jiei.v5i2.517
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Lusi Elviani Rangkuti, Luthfi Rendi Nugroho, Sri Rahayu, Heny Triastuti Kurnianingsih , Farida Khairani Lubis, Jalilah Ilmiha6 (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Simposium Ilmiah Akuntansi under the terms of a Creative Commons Attribution 4.0 International License / CC BY 4.0 This license permits anyone to copy and redistribute this material in any form or format, compose, modify, and make derivative works of this material for any purpose, including commercial purposes, so long as they include credit to the Author of the original work.
