THE EFFECT OF EPS, PER AND ROA ON STOCK PRICE WITH INFLATION AS A MODERATION VARIABLE

Cersiana Rhosyidah Ansori, Anny Widiasmara, Juli Murwani

Abstract


This study was conducted to test and analyze the impact of Earning per Share (EPS), Price Earning Ratio (PER), and Return on Assets (ROA) on stock prices, with inflation acting as a moderation variable. This research focuses on companies in the financial sector listed on the Indonesia Stock Exchange (IDX) during the 2021-2023 period. The research population includes 105 financial sector companies. The sample was selected through purposive sampling techniques, resulting in 93 companies observed over three years, resulting in a total of 273 data. After adjusting for outliers and missing data, the number of data analyzed becomes 270. The method used is a quantitative approach, with data taken from financial statements available on the IDX's official website. The analysis was performed using SPSS software. The results show that EPS (X1), PER (X2), and ROA (X3) have an influence on stock prices, respectively. However, inflation was found to be unable to moderate the relationship between EPS, PER, and ROA with stock prices

Keywords: Earning per Share, Price Earning Ratio, Dividend Policy, Return on Assets, Inflation, Stok Prices.


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