The Effect of Price Earning Ratio, Debt to Equity Ratio, Dividend Payout Ratio on the Value of the Company the Financial Sector Banking Sub-Sector Listed on the IDX
Abstract
This study aims to examine the effect of price earning ratio, debt to equity ratio, and dividend payout ratio on the value of the company in the financial sector banking Sub sector listed on the Indonesia Stock Exchange. Using saturated sampling, a total of 38 financial sector companies were obtained. This study uses a quantitative approach with analytical techniques used are classical assumption test, multiple linear regression analysis, multiple correlation coefficient analysis (R), coefficient of determination analysis (R2), F test and t test. The results showed that the price earning ratio and debt to equity ratio had a positive but insignificant effect on the value of the company, while the dividend payout ratio had a positive and significant effect on the value of the company. These findings suggest that the presence of dividend payout ratio plays an important role in increasing the value of the company.
Downloads
References
Ananda, R., Prakoso, B., & Hidayat, M. (2023). Pengaruh struktur modal dan kebijakan dividen terhadap nilai perusahaan. Jurnal Riset Akuntansi dan Keuangan, 11(2), 145–158.
Alamsyah, I., & Ryanto, F. R. (2025). The Influence of Net Profit Margin, Return on Assets, and Earnings per Share on Stock Price with Debt to Equity Ratio as a Moderating Variable in the Basic Materials Secto. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 8(3), 11586-11599.
Brigham, E. F., & Houston, J. F. (2019). Fundamentals of financial management (15th ed.). Boston: Cengage Learning.
Fadilah, N., & Nugroho, A. (2021). Dividend policy and company value: Evidence from Indonesian manufacturing firms. Jurnal Akuntansi dan Investasi, 22(1), 75–88.
Lestari, S., & Dewi, R. (2022). Struktur modal dan nilai perusahaan pada perusahaan manufaktur. Jurnal Manajemen dan Bisnis, 19(1), 41–53.
Putra, A. D., & Sari, R. P. (2020). Pengaruh kebijakan dividen terhadap nilai perusahaan. Jurnal Ilmiah Akuntansi dan Bisnis, 15(2), 189–201.
Putri, R. A., & Handayani, S. R. (2020). Pengaruh price earning ratio dan return on assets terhadap nilai perusahaan. Jurnal Administrasi Bisnis, 74(1), 12–20.
Rahman, A., Wijaya, A., & Lestari, D. (2022). Dividend payout ratio and company value in Indonesia. Jurnal Keuangan dan Perbankan, 26(3), 432–445.
Rahmawati, D., & Setiawan, D. (2019). Pengaruh rasio pasar terhadap nilai perusahaan. Jurnal Akuntansi Multiparadigma, 10(1), 98–110.
Sari, P. N., & Ardiana, P. A. (2021). Price earning ratio and company value: Empirical evidence from Indonesia Stock Exchange. Jurnal Ilmiah Akuntansi, 6(2), 215–227.
Utami, S., Pratiwi, R., & Kurniawan, A. (2021). Analisis faktor-faktor yang memengaruhi nilai perusahaan. Jurnal Akuntansi dan Pajak, 22(1), 56–67.
Wijaya, R., & Kurnia, E. (2019). Debt to equity ratio dan pengaruhnya terhadap nilai perusahaan. Jurnal Riset Manajemen, 8(3), 233–244.
Zuana, M. M. M., Toha, M., & Isbahi, M. B. (2024). Exploration of Community Empowerment in a Village as the Entrance to a Lake in East Java. Malacca: Journal of Management and Business Development , 1(1), 47–55. https://doi.org/10.69965/malacca.v1i1.52
Copyright (c) 2026 Gustindy Reza Akbar, Fuad Ramdhan Ryanto
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
