Pengaruh Profitabilitas Terhadap Harga Saham Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Periode 2021-2024
DOI:
https://doi.org/10.35870/jemsi.v12i3.6698Keywords:
Profitability Ratios, Stock Prices, MiningAbstract
This study aims to analyze the effect of Net Profit Margin (NPM), Earning Per Share (EPS), Gross Profit Margin (GPM), Return on Assets (ROA), and Return on Equity (ROE) on stock prices in mining companies listed on the Indonesia Stock Exchange (IDX) for the period 2021–2024. This study uses a quantitative method with an associative approach and purposive sampling technique, resulting in 76 observations. Data analysis was performed using descriptive statistics, classical assumption tests, multiple linear regression, t-tests, F-tests, and the coefficient of determination with the help of SPSS version 27. The results show that, partially, NPM and GPM have a significant effect on stock prices, while EPS, ROA, and ROE do not have a significant effect. Simultaneously, all independent variables significantly affect stock prices with a significance value of 0.011 (<0.05). The coefficient of determination (R²) value of 0.092 indicates that the independent variables can explain 9.2% of the variation in stock prices, while 90.8% is influenced by other factors outside the research model.
Downloads
References
Aifandi, P. Mai. (2018). Manajemen Sumber Daya Manusia (Teori, Konsep, dan Indikator). Pekanbaru: Riau.
Ali, Arifin. (2004). Membaca Saham. Yogyakarta.
Almunawiroh. (2018). Pengaruh CAR, NPF dan FDR terhadap profitabilitas bank syariah di Indonesia.
Apriani, V., & Situngkir, T. L. (2021). Pengaruh kinerja keuangan terhadap harga saham (Effect of financial performance on stock prices). 18(4).
Audina, E., & Wibowo, S. (2022). Pengaruh Gross Profit Margin (GPM), Current Ratio (CR), Inflasi, dan BI Rate terhadap harga saham pada perusahaan indeks LQ45 yang terdaftar di Bursa Efek Indonesia (BEI) periode tahun 2018–2020.
Auliya, Z. F. (2021). Cara Simple Analisis Fundamental. Yogyakarta.
Brigham, E. F., & Houston, J. F. (2019). Dasar-Dasar Manajemen Keuangan.
Cahyaningrum, Yustina Wahyu, & Tiara Widya Antikasari. (2017). Pengaruh Earning Per Share, Price To Book Value, Return On Asset, dan Return On Equity terhadap harga saham sektor keuangan. Jurnal Ekonomi, 13(2).
Cita Yustisia Serfiyani, R. Serfianto Dibyo Purnomo, & I. H. (2017). Capital Market Top Secret: Ramuan Sukses Bisnis Pasar Modal Indonesia.
Cumayuniro, A. (2017). Menara Ilmu Vol. XII Jilid 1 No.76 Juli 2017. Menara Ilmu, XII(76).
Darwin, & Hikmah. (2023). Pengaruh Current Ratio, Net Profit Margin dan Earning Per Share terhadap harga saham pada perusahaan di Bursa Efek Indonesia.
Elizabeth, Sri Megawati. (2021). Pengaruh Earning Per Share (EPS) terhadap harga saham dimediasi oleh Return On Equity (ROE) pada perusahaan sektor perbankan yang terdaftar di Bursa Efek Indonesia (BEI) periode tahun 2018–2021. 12(2).
Endang Widiastuti, & Haposan Banjarnahor. (2020). Analisis Current Ratio dan Earning Per Share terhadap harga saham pada perusahaan manufaktur di Bursa Efek Indonesia.
Fahmi, Irham. (2017). Pengantar Pasar Modal. Bandung: Alfabeta.
Ghozali, Imam. (2009). Aplikasi Analisis Multivariat dengan Program SPSS.
Gio Apriansyah, Muhammad Abduh, Tri Alawiyah, dkk. (2023). Survey Design: Cross Sectional dalam Penelitian Kualitatif. Jurnal Pendidikan Sains dan Komputer, 3(1).
Herikawati. (2021). Analisis dampak pandemi Covid-19 terhadap jumlah kunjungan pada situs e-commerce di Indonesia menggunakan Uji T Berpasangan. Jurnal Studi Komunikasi dan Media, 25(2).
Hery. (2016). Analisis Laporan Keuangan – Integrated and Comprehensive Edition.
Houston, Brigham. (2011). Dasar-Dasar Manajemen Keuangan.
Ifwana, Andi Sartika Juniarmita. (2025). Pengaruh Net Laba Margin dan Earning Per Saham terhadap harga saham pada PT. Mandala Multifinance, Tbk. Jeinsai: Jurnal Ekonomi Ichsan Sidenreng Rappang.
Jogiyanto Hartono. (2003). Teori Portofolio dan Analisis Investasi.
Kariyoto. (2017). Analisis Laporan Keuangan. Malang: Universitas Brawijaya Press.
Karma Wisnu Paramayoga, & Erviva Fariantin. (2023). Analisis ROA, NPM, EPS, ROE, dan DER terhadap harga saham pada perusahaan perbankan di BEI periode 2017–2021. Jurnal Ekonomi Islam.
Kasmir. (2014). Analisis Laporan Keuangan.
Liliana, W., Lase, M. S., Purnama, N., & Br, S. (2022). Pengaruh Net Profit Margin, Return On Asset, Current Ratio dan Earning Per Share terhadap harga saham pada perusahaan makanan dan minuman yang terdaftar di Bursa Efek Indonesia. 17(1).
Lokano, R., & Dewi, E. S. (2024). Analisis pengaruh Return On Equity terhadap harga saham dengan Price To Book Value sebagai variabel intervening pada perusahaan yang terdaftar di Bursa Efek Indonesia.
Martalena, & Maya Malinda. (2019). Pengantar Pasar Modal. Yogyakarta.
Maulina Putri, Dwinda. (2022). Pengaruh Return On Equity, Current Ratio, Debt To Equity Ratio, & Earning Per Share terhadap harga saham perusahaan tambang sub sektor tambang batubara yang terdaftar di Bursa Efek Indonesia tahun 2016–2020. Vol. 2.
Muhammad Luthfi, Asep. (2023). Pengaruh Net Profit Margin (NPM), Return On Asset (ROA), dan Earning Per Share (EPS) terhadap harga saham.
Mukaromah, Ni’matul Fitria, & Faruq Ahmad Futaqi. (2023). Pengaruh Rasio Likuiditas, Solvabilitas, dan Aktivitas terhadap kinerja keuangan perusahaan manufaktur. Jekpend: Jurnal Ekonomi dan Pendidikan, 6(2).
Munawir. (2002). Analisa Laporan Keuangan. Yogyakarta.
Ningsih, Setia, & Hendra Dukalang. (2019). Penerapan Metode Suksesif Interval pada Analisis Regresi.
Prasetyo, Aries Heru. (2011). Manajemen Keuangan Bagi Manajer Non Keuangan. Jakarta Pusat: PPM Manajemen.
Robert Tua Siregar, Muhammad Fitri Rahmadani, B. P., & Nainggolan, L. E. (2021). Ekonomi Industri.
Samsul, Mohamad. (2006). Pasar Modal dan Manajemen Portofolio. Jakarta: Erlangga.
Sugiyono. (2023). Metode Penelitian Kuantitatif, Kualitatif, dan R&D.
Syaifridal Hafni Sahir. (2021). Metodologi Penelitian. Bantul, Yogyakarta.
Syamsuddin, L. (2016). Manajemen Keuangan Perusahaan: Konsep Aplikasi dalam Perencanaan.
Tiar Lina Situngkir, & Muhidin. (2022). Pengaruh Rasio Profitabilitas terhadap harga saham perusahaan perbankan yang terdaftar di Bursa Efek Indonesia pada tahun 2015–2021. Transformasi Manajeria: Journal of Islamic Education Management, 3(1).
Wahyudi, Diki. (2023). Pengaruh Current Ratio (CR), Net Profit Margin (NPM) dan Return On Asset (ROA) terhadap harga saham pada perusahaan makanan dan minuman yang terdaftar di Bursa Efek Indonesia periode tahun 2020–2020.
Wati, Batubara, Maryam, Syafrina Yuni Lubis, & Patma. (2023). Pengaruh Rasio Keuangan terhadap harga saham syariah pada PT. AKR Corporindo. Rayah Al-Islam, 7(3).
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Deswita Erya Kumala Sari, Alva Yenica Nandavita, Thoyibatun Nisa, Witantri Dwi Swandini
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
1. Copyright Retention and Open Access License
Authors retain copyright of their work and grant the journal non-exclusive right of first publication under the Creative Commons Attribution 4.0 International License (CC BY 4.0).
This license allows unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
2. Rights Granted Under CC BY 4.0
Under this license, readers are free to:
- Share — copy and redistribute the material in any medium or format
- Adapt — remix, transform, and build upon the material for any purpose, including commercial use
- No additional restrictions — the licensor cannot revoke these freedoms as long as license terms are followed
3. Attribution Requirements
All uses must include:
- Proper citation of the original work
- Link to the Creative Commons license
- Indication if changes were made to the original work
- No suggestion that the licensor endorses the user or their use
4. Additional Distribution Rights
Authors may:
- Deposit the published version in institutional repositories
- Share through academic social networks
- Include in books, monographs, or other publications
- Post on personal or institutional websites
Requirement: All additional distributions must maintain the CC BY 4.0 license and proper attribution.
5. Self-Archiving and Pre-Print Sharing
Authors are encouraged to:
- Share pre-prints and post-prints online
- Deposit in subject-specific repositories (e.g., arXiv, bioRxiv)
- Engage in scholarly communication throughout the publication process
6. Open Access Commitment
This journal provides immediate open access to all content, supporting the global exchange of knowledge without financial, legal, or technical barriers.
