Pengaruh Net Profit Margin (NPM), Debt to Equity Ratio (DER), dan Current Ratio (CR) terhadap Harga Saham pada Subsektor Pertambangan Batu Bara di Bursa Efek Indonesia Tahun 2019–2023

Nilai perushaan menjadi indikator penting bagi investor dalam menilai prospek dan kinerja suatu entitas bisnis, yang dalam penelitian ini diukur menggunakan rasio harga saham. Metode peneltian yang digunakan adalah pendekatan kuantitatif deskriptif dengan teknik analisis regresi berganda. Sampel penelitian terdiri dari 20 perusahaan pertambangan batubara selama 2019-2023 yang dipilih melalui teknik purposive sampling dengan total observasi sebanyak 100 data. Hasil penelitian menunjukkan secara parsial Net Profit Margin, Debt to Equity Ratio, dan Current Rasio berpengaruh positif dan signifikan terhadap Harga Saham. Secara simultan, ketiga variabel independen memiliki pengaruh signifikan terhadap harga saham. Variabel harga saham dapat dijelaskan oleh variabel NPM, DER, dan CR sebesar 29,9%. Penelitian ini menyimpulkan bahwa rasio keuangan internal bukanlah faktor utama yang memengaruhi harga saham. NPM dan DER merupakan indikator yang dapat dipertimbangkan oleh investor dalam pengambilan keputusan investasi pada subsektor pertambangan batubara.

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Company value is an important indicator for investors in assessing the prospects and performance of a business entity, which in this study is measured using the stock price ratio. The research method used was a descriptive quantitative approach with multiple regression analysis techniques. The research sample consisted of 20 coal mining companies during 2019-2023 selected through purposive sampling techniques with a total of 100 observations. The results showed that Net Profit Margin, Debt to Equity Ratio, and Current Ratio partially have a positive and significant effect on Stock Price. Simultaneously, the three independent variables have a significant effect on stock price. The stock price variable can be explained by the NPM, DER, and CR variables by 29.9%. This study concludes that internal financial ratios are not the main factors affecting stock prices. NPM and DER are indicators that investors can consider in making investment decisions in the coal mining sub-sector.