PENGARUH EARNING PER SHARE (EPS) DAN RETURN ON ASSET (ROA) TERHADAP HARGA SAHAM PADA PT. SUMBER ALFARIA TRIJAYA TBK, PERIODE 2011-2024
Published 2025-08-16
Keywords
- Earning Per Share (EPS), Return On Asset (ROA), Stock Price
How to Cite
Abstract
This study aims to examine the effect of Earning Per Share (EPS) and Return On Asset (ROA) on Stock Price at PT. Sumber Alfaria Trijaya Tbk during the 2011–2024 period. The research method uses an associative quantitative approach which includes a causal relationship between independent variables and dependent variables. The analysis includes descriptive statistics, classical assumption tests, multiple linear regression, t-test, F-test, and coefficient of determination (R²). The results show that partially, EPS has no significant effect on stock price (t-value -1.723 < t-table 2.210; significance 0.113 > 0.05), while ROA has a significant effect (t-value 4.140 > t-table 2.210; significance 0.002 < 0.05). Simultaneously, EPS and ROA significantly affect stock price (F-value 10.834 > F-table 3.98; significance 0.003 < 0.05). The coefficient of determination (R²) of 66.3% indicates that EPS and ROA explain 66.3% of the stock price variation, while the remaining 33.7% is influenced by other external factors.
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