Analisis pengaruh faktor rasio keuangan terhadap price earning ratio pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia
P enelitian ini bertujuan untuk melihat pengaruh Leverage, Dividend Payout Ratio, Return on Investment (ROI), Return on Equity (ROE)terhadapPrice Earning Ratio (PER). Price Earning Ratio(PER) merupakansalahsatualatpengukurkinerjaperusahaan, sehinggaperludilakukanpenelitianterhadapfaktor-faktor yang mempengaruhiyaitu, Leverage, Dividend Payout Ratio, Return on Investment (ROI), Return on Equity (ROE) untukmelihatinvestasi yang ditanamkanmenguntungkanatautidak. Metode yang digunakandalampenelitianiniadalahmetodedeskriptif correlation, yaituuntukmenjelaskanpengaruhdarivariabel independent terhadapvariabel dependent.Sampel yang digunakandalampenelitianinisebanyak 15 perusahaanindustrimanufaktur yang terdaftar di BEI tahun 2007-2010. PenelitianinimenggunakananalisisUjiNormalitas, UjiAsumsiKlasik, Uji F, Uji T danUji R 2 (koefisiendeterminasi).Pengolahan data dilakukandenganmenggunakan program SPSS 13.0. BerdasarkanhasilUji F menunjukanbahwasecarasimultanvariabel independent berpengaruhsignifikanterhadapvariabel dependent. Hal initerlihatdarinilaisignifikansinyasebesar 0,011 dimana< 0,05, makadengandemikiandasarkeputusannya Ho ditolak, yang berartiadapengaruh yang signifikanantaravariabel independent terhadapvariabel dependent. ApabiladilihatsecaraparsialmelaluiUji T, hanyavariabelDividend Payout RatiodanReturn on Equity saja yang mempunyaipengaruhterhadapPrice Earning Ratio. Hal initerlihatdarinilaisignifikansinyasebesar 0,016 untukDividend Payout Ratiodan 0,026 untukReturn on Equity (ROE).BerdasarkanhasilUji R 2 dapatdijelaskanbahwavariabel independent mampumenjelaskanvariabel dependent melalui model regresisebesar 15,1%, dansisanyadijelaskanvariabel lain di luar model. Berdasarkanhasilpenelitian, makadapatdisimpulkanbahwhanyavariabelDividend Payout RatiodanReturn on Equity (ROE)saja yang berpengaruhterhadapvariabelPrice Earning Ratio.
T his study aims to see the effect of Leverage, Dividend Payout Ratio, Return on Investment (ROI), Return on Equity (ROE) to Price Earning Ratio (PER). Price Earning Ratio (PER) is one gauge of corporate performance, so it is necessary to study the factors that influence is, Leverage, Dividend Payout Ratio, Return on Investment (ROI), Return on Equity (ROE) to see whether the investment is profitable or not. The method used in this study is descriptive correlation method, namely to clarify the effect of independent variables on the dependent variables. Samples used in this study as many as 15 companies manufacturing industries which registered / listed on the Stock Exchange in 2007-2010. This study uses analysis Normality Test, Test Classical Assumptions, F-Test, TTest and R 2 -Test (coefficient of determination). Data processing is done by using SPSS 13.0 program. Based on the F-Test result showed that the simultaneous independent variables significantly influence the dependent variables. This is evident from its significance value of 0,011 which < 0,05, thus the basis of judgment Ho is rejected, which means there is a significant effect between the independent variables on the dependent variables. When viewed as a partial through T-Test, only Dividend Payout Ratio variables and Return on Equity are having an influence on the Price Earning Ratio. This is evident from its significance value of 0,016 for the Dividend Payout Ratio and 0,026 for the Return on Equity (ROE). Based on the R 2 -Test can be explained that the independent variables can explain the dependent variables through the regression model of 15,1% and its remaining variables are described outside the model. Based on this study, it can be concluded that only Dividend Payout Ratio variables and Return on Equity (ROE) are affect the Price Earning Ratio.