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Financial Ratio and Price Earnings Ratio: Analysis of Technology Companies Listed on the IDX

In: Proceedings of the 4th Business Innovation Sustainability and Technology International Conference (BISTIC 2024)

Author

Listed:
  • Widya Nur Rochmah

    (Universitas Negeri Malang)

  • Fadia Zen

    (Universitas Negeri Malang)

  • Lulu Nurul Istanti

    (Universitas Negeri Malang)

  • Yuli Agustina

    (Universitas Negeri Malang)

Abstract

This study is a quantitative causality study which aims to investigate the relationship between Return on Equity Ratio, Current Ratio, and Debt to Equity Ratio with Price Earnings Ratio, with a focus on technology sector companies listed on the IDX from 2020 to 2023. Using SPSS 27, the study employs Multiple Linear Regression Analysis and Moderated Regression Analysis (MRA) as data analysis methods. The findings indicate that the Signaling Theory does not apply to technology companies during the COVID-19 pandemic. The Current Ratio significantly impacts the Price Earnings Ratio, while the Return on Equity Ratio and the Debt-to-Equity Ratio are not given much consideration by investors when assessing the Price Earnings Ratio. Additionally, the company size does not moderate the relationship between Return on Equity, Current Ratio, or Debt to Equity Ratio and Price Earnings Ratio.

Suggested Citation

  • Widya Nur Rochmah & Fadia Zen & Lulu Nurul Istanti & Yuli Agustina, 2024. "Financial Ratio and Price Earnings Ratio: Analysis of Technology Companies Listed on the IDX," Advances in Economics, Business and Management Research, in: Ika Zutiasari & Dede Rusmana & Muhammad Fuad (ed.), Proceedings of the 4th Business Innovation Sustainability and Technology International Conference (BISTIC 2024), pages 230-241, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-576-8_20
    DOI: 10.2991/978-94-6463-576-8_20
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