Analisis Penilaian Harga Wajar Saham Yang Terdaftar Dalam Indeks JII Dengan Metode Price To Earning Ratio Periode Tahun 2014-2018

Abstract

This study aims to analyze the intrinsic value of stock valuation listed in JII index with price to earning ratio method for the periods of 2014-2018.

The research methodology uses qualitative descriptive research with panel data (time series & cross section) and secondary data obtained from Indonesia Stock Exchange. Mechanical sampling uses purposive sampling method with the data in 2014-2018.

The result of this study shows that based on valuation result on 10 stocks which filled the research object criteria shows that 8 issuers have smaller intrinsic value than the market price or overvalued, there are ADRO, ASII, ICBP, INDF, KLBF, TLKM, UNVR, and WIKA. Meanwhile, 2 others have greater intrinsic value than the market value or undervalued, AKRA and UNTR