PENGARUH EARING PER SHARE (EPS), TINGKAT SUKU BUNGA SBI DAN INFLASI TERHADAP HARGA SAHAM PADA PT. GUDANG GARAM TBK. PERIODE 2014 – 2016

Gita Meyrani ( 1313.1111.471 ) “The Effect of Earning Per Share (EPS), SBI Interest Rate and Inflation on the Stock Price at PT. Gudang Garam Tbk. Period 2014-2016”, 114 pages, 17 tables, 5 pictures and 3 attachments, Jakarta, 2017.

Many factors that can influence the rise of stock price, from the internal factors (the company financial statement) and external factors (macro economis influence). This research approaches on fundamental analysis. The problem discussed in this research is to know how much effect of internal and external factors from Earning Per Share (EPS), SBI Interest Rate and Inflation on Stock Price at PT. Gudang Garam Tbk. period 2014-2016 partially and simultaneously.

This research was conducted at PT. Indonesian Capital Market Electronic Library and Bank Indonesia, the time of this research for 5 (five) months starting from March s/d July 2017. Data analysis technique used in this research are descriptive analysis, classical assumption test, multiple linier regression test and hypothesis test used by SPSS version 24. Result from the multiple linier regression test Y = 87304.373 + 37.885 X1 - 6633.586 X2 - 1719.843 X3. Result in this research partially of Earning Per Share (EPS) and SBI Interest Rate not affect on the stock price at PT. Gudang Garam Tbk. period 2014-2016. For the Inflation has a negative effect on the stock price and the inflation has the largest R2 value compared to the Earning Per Share (EPS) and SBI interest rate with the result of 54.5% which means the inflation has dominant influence on the stock price at PT. Gudang Garam Tbk. period 2014-2016. While the result in this research simultaneouslyof Earning Per Share (EPS), SBI Interest Rate and Inflation affect on the stock price at PT. Gudang Garam Tbk. period 2014-2016, significant value 0.000 smaller than 0.005. From the result in this research, if the investor want to investment should be consider some factors of analysis financial ratio and the influence of macro economic because for stock valuation is not the performance of the company but the influence factors of macro economic affect the state of the capital market.

The reference this research is 12 books (2000-2016), 13 journlas, 5 websites, mentors : Haryono and Arifin Nugroho.

Keywords : Earning Per Share, SBI Interest Rate, Inflation, Stock Price.