ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PRICE EARNINGS RATIO (PER) SAHAM SYARIAH PERUSAHAAN PERDAGANGAN, JASA, DAN INVESTASI DI INDONESIA

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI PRICE EARNINGS RATIO (PER) SAHAM SYARIAH PERUSAHAAN PERDAGANGAN, JASA, DAN INVESTASI DI INDONESIA

ABSTRAKSecara empiris penelitian ini bertujuan untuk melakukan analisis faktor-faktor yang mempengaruhi Price Earnings Ratio (PER) saham syariah perusahaan perdagangan, jasa, dan investasi di Indonesia. Model analisis dalam penelitian ini menggunakan model regresi linier berganda, uji F, dan uji t dengan bantuan menggunakan software pengelolahan data statistik yaitu SPSS. Metode pengunpulan data menggunakan data sekunder yang diperoleh dari BEI periode 2008-2011. Pengambilan sampel dilakukan dengan metode purposive sampling hingga diperoleh 10 perusahaan. Hasil uji penelitian ini menerima Ha dan menolak Ho yang membuktikan bahwa Current Ratio (CR), Debt Equiti Ratio (DER), Inventory Turnover (INTO), Return On Equity (ROE), Net Profit Margin (NPM), dan Divident Payout Ratio (DPR) berpengaruh signifikan terhadap Price Earnings Ratio (PER) saham syariah perusahaan perdagangan, jasa dan investasi di Indonesia. Secara simultan Current Ratio (CR), Debt Equiti Ratio (DER), Inventory Turnover (INTO), Return On Equity (ROE), Net Profit Margin (NPM), dan Divident Payout Ratio (DPR) berpengaruh signifikan terhadap Price Earnings Ratio (PER) saham syariah perusahaan perdagangan, jasa dan investasi di Indonesia sebesar 49,4% dan sisanya 50,6% dipengaruhi oleh variabel lain dari luar model penelitian ini.Kata Kunci: Current Ratio (CR), Debt Equity Ratio (DER), Inventory turnover (INTO), Return on Equity (ROE), Net Profit Margin (NPM), Dividend Payout Ratio (DPR), Price Earnings Ratio (PER)ABSTRACTThis study empirically examined the influences of analysis factors on Price Earnings Ratio (PER) among sharia stocks of manufacture, service, and investment companies in Indonesia. The analysis model in this research used multiple linier regression, F-test, and t-test which were elaborated using SPSS. Meanwhile, the collecting data method used secondary data from IDX in year 2008-2011 and the sampling was taken by purposive sampling, so that the sample were 10 companies. The research found that Ha was accepted and Ho was rejected, it showed that Current Ratio (CR), Debt Equity Ratio (DER), Inventory Turn Over (INTO), Return on Equity (ROE), Net Profit Margin (NPM), and Dividend Payout Ratio (DPR) was significantly influenced the Price Earnings Ratio (PER) of Sharia stocks of manufactures, service, and investments companies in Indonesia. Simultaneously, Current Ratio (CR), Debt Equity Ratio (DER), Inventory Turn Over (INTO), Return on Equity (ROE), Net Profit Margin (NPM), and Dividend Payout Ratio (DPR) was significantly influenced the Price Earnings Ratio (PER) of Sharia stocks of manufactures, service, and investments companies in Indonesia about 49,4% while the rest, 50,6%, was influenced by the other variables from this model.Keywords: Current Ratio (CR), Debt Equity Ratio (DER), Inventory turnover (INTO), Return on Equity (ROE), Net Profit Margin (NPM), Dividend Payout Ratio (DPR), Price Earnings Ratio (PER)

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