Pengaruh Rasio Profitabilitas dan Solvabilitas terhadap Harga Saham dengan Market Valuation Ratio sebagai Variabel Moderasi

Abstract

The purpose of this research is to see the effect of Profitability Ratio and Solvency Ratio on StockPrice with Market Valuation Ratio as moderating variable. The population in this study are food andbeverage companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2021 period. Thisstudy using purposive sampling method and produces 44 samples during the observation period. Thisstudy using the panel data analysis method which was processed using the IBM SPSS Statistics 26application. The results show that the profitability ratio has a positive effect on stock price, thesolvency ratio has no effect on stock price, the market valuation ratio has no effect on stock price, themarket valuation ratio is unable to moderate the effect of profitability ratio on stock price, the marketvaluation ratio is unable to moderate the effect of solvency ratio on stock price.