Pengaruh Dividend Payout Ratio, Debt to Equity Ratio, Return on Assets Dan Return on Equity Terhadap Price Book Value Perusahaan Batubara yang Tercatat pada IDX Energy 2019 – 2021
Abstract
This study was conducted to analyze the effect of dividend payout ratio, debt to equity ratio, return on assets and return on equity on price book value. The type of data in this study is secondary data obtained through the financial statements of coal companies recorded in Idx Energy 2019 – 2021. The sample in this study amounted to seven companies, namely PT. Bukit Asam (PTBA), PT. Adaro Energy Indonesia (ADRO), PT. Indo Tambangraya Megah (ITMG) PT. Mitrabara Adiperdana (MBAP), PT. United Tractors (UNTR) PT. Baramulti Sukessarana (BSSR) and PT. ABM Investama (ABMM) uses pruposive sampling as a method. The results of the partial test study obtained the results that the variable dividend payout ratio 1.616574 < 2.36462 has no effect on price book value, debt to equity ratio 1.663113 < 2.36462 has no effect on price book value, return on assets 3.496115 > 2.36462 affects price book value, return on equity 3.013703 > 2.36462 affects price book value . The results of simultaneous tests of dividend payout ratio, debt to equity, return on assets and return on equity affect the price book value of 5.1294951 > 3.20. The effect of dividend payout ratio, debt to equity ratio, return on assets and return on equity on price book value of 56%
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