PENGARUH PRICE EARNING RATIO DAN PRICE TO BOOK VALUE TERHADAP RETURN SAHAM YANG TERDAFTAR DI INDEKS SAHAM SYARIAH INDONESIA (ISSI) TAHUN 2019-2023

Abstrak

Penelitian ini bertujuan untuk mengetahui pongaruh Price Earning Ratio dan Price to Book Value secara parsial maupun secara simultan terhadap Return Saham, Metode dalam penelitian ini menggunakan metode kuantitatif. Proses pemilihan sampel yaitu menggunakan teknik purposive sampling yaitu penentuan sampel dengan kriteria tertentu, sempel yang digunakan perusahaan energy yang terdaftar di Indeks Saham Syariah Indonesia priode 2019-2023. Berdasarkan metode purposive sampling terdapat 8 perusahaan energy yang memenuhi kriteria. Jenis data yang digunakan adalah jenis data panel. Teknik analisis data menggunakan regresi data panel, uji asumsi klasik (uji normalitas, uji multikolinieritas, uji heteroskedastisitas, dan uji autokorelasi), uji hipotesis (uji-t dan uji F) serta koefisien determinasi (r-square) dengan alat bantu aplikasi Eviews 12. Hasil dari penelitian membuktikan bahwa secara parsial Price Earning Ratio  tidak berpengaruh terhadap Return Saham, sedangkan Price to Book Value  berpengaruh signifikan terhadap Return Saham, Secara simultan Price Earning Ratio dan Price to Book Value berpengaruh signifikan terhadap Retun Saham.

This research aims to determine the influence of the Price Earning Ratio and Price to Book Value partially or simultaneously on Stock Returns. The method in this research uses quantitative methods. The sample selection process uses a purposive sampling technique, namely determining samples using certain criteria, samples used by energy companies listed on the Indonesian Sharia Stock Index for the 2019-2023 period. Based on the purposive sampling method, there are 8 energy companies that meet the criteria. The type of data used is panel data. Data analysis techniques use panel data regression, classical assumption tests (normality test, multicollinearity test, heteroscedasticity test, and autocorrelation test), hypothesis testing (t-test and F test) and coefficient of determination (r-square) with the Eviews 12 application tool. The results of the research prove that partially the Price Earning Ratio has no effect on Stock Returns, while Price to Book Value has a significant effect on Stock Returns, Simultaneously the Price Earning Ratio and Price to Book Value have a significant effect on Stock Returns.