ANALISIS DETERMINAN NILAI PERUSAHAAN (STUDI EMPIRIS PADA PERUSAHAAN INDEKS TERDAFTAR LQ45) Nurseto Adhi 1 Mia Pratiwi 2 Utami Tri Sulistyorini 3 Edi Wijayanto 4 Politeknik Negeri Semarang Jl. Prof. Sudarto, Tembalang, Kec. Tembalang, Kota Semarang, Jawa Tengah 50275 1 nurseto.adhi@polines.ac.id 2 miapratiwi17@gmail.com 3 utamitrisulistyorini@gmail.com 4 ediwijayanto@gmail.com Abstract: This research is based on the problems of the company that listed on LQ45 Index which has decreased of the Price Earning Ratio (PER) during 2013-2019 period. This research aims to analyze the effect of Debt to Equity Ratio (DER), Earning Growth (EG), Dividend Payout Ratio (DPR), and Return On Equity (ROE) towards Price Earning Ratio (PER) (a case study of 7 companies that listed in LQ45 index for the period 2013-2019. This study uses secondary data and using purposive sampling technique. The data analysis method used is Multiple Linear Regression, panel data operated by Eviews 9 software. Partial testing shows Debt to Equity (DER) has a significant negatif effect, Dividend Payout Ratio (DPR), and Return On Equity (ROE) have a significant positive effect, Earning Growth (EG) has a positive and insignificant effect towards Price Earning Ratio (PER). Keywords: PER, DER, EG, DPR, ROE Abstrak : Penelitian ini didasarkan pada permasalahan perusahaan Indeks LQ45 yang mengalami penurunan Price Earning Ratio (PER) periode 2013-2019. Penelitian ini bertujuan untuk menganalisis pengaruh Debt to Equity Ratio(DER), Earning Growth(EG), Dividend Payout Ratio(DPR), dan Return On Equity(ROE) terhadap Price Earning Ratio (PER) (studi kasus pada 7 perusahaan yang terdaftar dalam Indeks LQ45 periode 2013-2019. Penelitian ini menggunakan data sekunder dengan menggunakan teknik purposive sampling. Metode analisis data yang digunakan adalah Regresi Linier Berganda data panel dengan menggunakan software pengujian Eviews 9. Pengujian secara parsial menunjukkan Debt to Equity (DER) berpengaruh negatif signifikan , Dividend Payout Ratio (DPR), dan Return On Equity(ROE) berpengaruh positif signifikan, Earning Growth(EG) berpengaruh positif tidak signifikan terhadap Price Earning Ratio (PER). Kata kunci: PER, DER, EG, DPR, ROE brought to you by CORE View metadata, citation and similar papers at core.ac.uk provided by E-Jurnal UIN (Universitas Islam Negeri) Alauddin Makassar