ANALISIS PENGARUH DIVIDEND PAYOUT RATIO, RETURN ON EQUITY, RETURN ON ASSET TERHADAP PRICE EARNING RATIO PADA PERUSAHAAN LQ 45 DI BURSA EFEK INDONESIA

This research had a purpose to say how the fundamental influence of the
company that is DPR (divident payout ratio), ROE (Return on Equity), ROA (Return
on Asset) against PER (Price Earning Ratio). The sample in this research was all the
companies that entered the calculation of the LQ Index 45 years 2008-2010, and
filled the electoral criterion sample and was received the sample totaling 24
companies. The data that was used came from the report on their respective finance
the company that was taken from Stock Exchange Statistic 2008-2010. In this
research, the hypothesis testing was done by using multiple linier regression statistics
as the testing tool with SPSS version 16.00 computer program. The research result
indicates that DPR, ROE and ROA variables are influential positively and
significance to the Price Earning Ratio simultaneously, With a significant value
below 0,005. And a partial only variable DPR of significance to the Price earning
ratio while two variable not significance. While the predicted power variables
independent as 12,3% and other 87,7% to have influence by other factors was not to
be enter research model. Based on results of this research, then the DPR, ROE, and
this ROA could be used as the indicator in carrying out the assessment towards the
Price Earning Ratio highness or lowness to a company LQ 45 on the occasion of for
investment decision making.