PENGARUH NET PROFIT MARGIN, DEBT TO EQUITY RATIO, DAN PRICE TO BOOK VALUE TERHADAP HARGA SAHAM PADA PERUSAHAAN YANG TERDAFTAR PADA INDEKS IDX30

Abstract

Companies that stand has a goal to maximize company value. Firm value has a significant role because it describes the company's performance which can affect investors' impressions of the company. The company must be managed effectively and efficiently to increase company value. The company's value can be reflected in the company's stock price from time to time.

Based on the background and problem formulation that has been described, the purpose of this study is to determine and analyze the effect of Net Profit Margin, Debt to Equity Ratio, and Price to Book Value on companies listed on IDX30.

This type of research is an empirical study with data collection procedures through literature research related to the effect of Net Profit Margin, Debt to Equity Ratio, and Price to Book Value on stock prices. The data used in relation to research is an overview of companies listed on IDX30, organizational structure, and financial statements of companies listed on IDX30 in the form of balance sheets for the 2020-2022 period and income statements for 2020-2022. The analytical tool used in this research is multiple linear regression analysis.

The results showed that the effect of Net Profit Margin had no significant effect on stock prices. Debt to Equity Ratio has no effect on stock prices. Price to Book Value has no effect on stock prices. However, based on the research results, Net Profit Margin, Debt to Equity Ratio, and Price to Book Value simultaneously have a significant effect on stock prices.