PENGARUH DEBT TO EQUITY RATIO (DER) DAN EARNING PER SHARE (EPS) TERHADAP HARGA SAHAM PADA PT PEMBANGUNAN PERUMAHAN (PERSERO) TBK PERIODE 2014 – 2023

Abstract

The purpose of this study is to determine the effect of Debt to Equity Ratio (DER) and Earning Per Share (EPS) on stock prices at PT Pembangunan Perumahan (Persero) Tbk in Jakarta. This study employs a quantitative method. The sampling technique used is saturated sampling, utilizing the company's financial reports over a 10-year period from 2014 to 2023. Data analysis includes classical assumption tests, regression analysis, correlation coefficient, coefficient of determination, and hypothesis testing.Partial test results show that DER has no significant effect on stock prices, with a significance value of 0.176 > 0.05. In contrast, EPS has a significant effect on stock prices, with a significance value of 0.009 < 0.05 and a t-value of 3.598 > t-table of 1.89548. Meanwhile, the simultaneous test (F-test) indicates that DER and EPS together have a significant effect on stock prices, with a significance value of 0.025 and an F-value of 6.545, which exceeds the F-table value of 4.74. Thus, it can be concluded that only EPS has a significant partial effect on stock prices, while DER does not. This research is expected to serve as a reference for investors and company management in making strategic investment decisions.