THE EFFECT OF PBV, DER AND CR ON SHARE PRICE OF STATE-OWNED BANKS

Abstract

The purpose of this study is to analyze the effect of Price to Book Value, Debt To Equity Ratio (DER) and Cash Ratio on Share Prices of State-Owned Banks. Using quantitative research, from 4 state-owned banks, quarterly data, for 2 years, namely 2022 – 2023, through financial statements on the OJK website. Using multiple linear regression analysis, with the program Eviews 10. PBV (X1) variables have a partial positive effect on Stock Price (Y) while DER (X2) and cash ratio (X3) variables partially do not have a significant effect on Stock Price (Y). From the results of the F test Simultaneously the Stock Price is influenced jointly (simultaneously) and significantly by the variables PBV, DER and Cash Ratio. The results of statistical calculations show the value of Fcalculate > Ftable, which is 4.420149 > 3.340 and significance of 0.03536 < 0.05. The calculation of the coefficient of determination (adjusted R2) obtained is 0.8343. This means that 83.43% of the share price of state-owned banks for the 2022-2023 period, while the remaining 16.57% is influenced by other variables that were not studied in this study.