PENGARUH RASIO LANCAR, LABA PER LEMBAR SAHAM, DAN RASIO UTANG ATAS MODAL TERHADAP HARGA SAHAM (Studi Empiris pada Perusahaan Manufaktur Sub Sektor Farmasi yang Terdaftar di BEI pada Tahun 2017 – 2023)

Abstract

This study aims to analyze the impact of the Current ratio, Earnings Per Share, and Debt to equity ratio on stock prices in pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2017–2023 period. The variables in this study include the dependent variable, stock prices, and the independent variables, which consist of the Current ratio, Earnings Per Share, and Debt to equity ratio.

The sample for this study comprises all pharmaceutical sub-sector companies listed on the IDX during the 2017–2023 period. A total of 5 companies were selected through purposive sampling, resulting in 35 samples. Hypothesis testing was conducted using multiple linear regression analysis with the assistance of SPSS software version 26.

The findings of this study indicate that the Current ratio and Earnings Per Share have a positive and significant effect on stock prices, while the Debt to equity ratio does not have a significant effect on stock prices.