Abstract

This study aims to examine the effect of return on asset, current ratio, debt to equity ratio on earning per share and price earning ratio. The research was conducted on transportation companies listed on the Indonesia Stock Exchange for the 2016-2020 period. The quantitative method uses panel data regression analysis. This study uses quarterly data from 2016-2020 for each research variable. The results of the study show that the variables Return On Asset, Current Ratio, Debt to Equity Ratio, Towards Earning Per Share simultaneously have a positive and significant effect on Earning Per Share with a Prob value (F-statistic) of 15.42104. Partially Return On Asset has a negative and significant effect with a t-statistic value of -2.167584 and a probability value of 0.0418, the Current Ratio partially has a positive and significant effect with a t-statistic value of 3.561157 and a probability value of 0.0018, and the Debt to Equity Ratio partially has a positive and significant effect with a t-statistic value of 2.197468 and a probability value of 0.0393. In addition, it was obtained that the adjusted R-squared value is 0.687793, which means that 68.7% of the Earning Per Share factor can be determined from the four dependent variables. While the remaining 31.3% was influenced by other variables outside the study.