This is an outdated version published on 2025-02-09. Read the most recent version.

ANALISIS PENILAI KEWAJARAN HARGA SAHAM DENGAN METODE PRICE TO BOOK VALUE PADA PT. KROM BANK INDONESIA TBK 2022 – 2023

Authors

Mariauli Sihombing Fakultas Ekonomi dan Bisnis, Universitas HKBP Nommensen
Depi Hardiati Simamora Fakultas Ekonomi dan Bisnis, Universitas HKBP Nommensen
May Tesalonika Fakultas Ekonomi dan Bisnis, Universitas HKBP Nommensen
Elsa Miranda Fakultas Ekonomi dan Bisnis, Universitas HKBP Nommensen
Ola Venina Liliana Fakultas Ekonomi dan Bisnis, Universitas HKBP Nommensen
Tiori Kesia Fakultas Ekonomi dan Bisnis, Universitas HKBP Nommensen
Christnova Hasugian Fakultas Ekonomi dan Bisnis, Universitas HKBP Nommensen
Hamonangan Siallagan Fakultas Ekonomi dan Bisnis, Universitas HKBP Nommensen

DOI:

https://doi.org/10.35446/akuntansikompetif.v8i1.2043

Abstract

The development of investors in Indonesia has shown a significant increase to date. Therefore, the aim of this research is to provide insight for both beginners and experienced investors in investing in the capital market. By understanding proper analysis, it is hoped that they will be able to evaluate share price conditions before making a sale or purchase transaction. This is done by assessing the value of the shares, whether they are overvalued (expensive) or undervalued (cheap), using the analysis method, namely price to book value. The research method used in this study is qualitative and descriptive. Data analysis was carried out using stock valuation techniques based on the price to book value method, then the data was processed using Microsoft Office Excel. The research data source comes from secondary data taken from the Annual Report of Pt. Krom BI, and the official sites of related companies.. Assessing the fairness of share prices using the Price to Book Value (PBV) method, the results showed that the company is currently in an overvalued share condition, with a PBV value greater than 1.

References

Carolina, D. (2019). Analisis Penilaian Kewajaran Harga Saham Dengan Menggunakan Pendekatan Fundamental Pada PT. Panin Sekuritas Tbk. Jurnal Media Wahana Ekonomika, 15(2), 22. https://doi.org/10.31851/jmwe.v15i2.2405

Chen, X. X. X. X., Tsai, M. Y., Wolynes, P. G., da Rosa, G., Grille, L., Calzada, V., Ahmad, K., Arcon, J. P., Battistini, F., Bayarri, G., Bishop, T., Carloni, P., Cheatham, T. E., Collepardo-Guevara, R., Czub, J., Espinosa, J. R., Galindo-Murillo, R., Harris, S. A., Hospital, A., … Crothers, D. M. (2018). No 主観的健康感を中心とした在宅高齢者における健康関連指標に関する共分散構造分析Title. Nucleic Acids Research, 6(1), 1–7. http://dx.doi.org/10.1016/j.gde.2016.09.008%0Ahttp://dx.doi.org/10.1007/s00412-015-0543-8%0Ahttp://dx.doi.org/10.1038/nature08473%0Ahttp://dx.doi.org/10.1016/j.jmb.2009.01.007%0Ahttp://dx.doi.org/10.1016/j.jmb.2012.10.008%0Ahttp://dx.doi.org/10.1038/s41598-018-2212

Intan Kurniati, & Aria Aji Priyanto. (2022). Pengaruh Earning Per Share (EPS) dan Book Value Per Share (BVPS) Terhadap Harga Saham PT Telekomunikasi Indonesia TBK Periode 2012-2021. Formosa Journal of Sustainable Research, 1(3), 425–440. https://doi.org/10.55927/fjsr.v1i3.910

Nuraeni. (2018). Pengaruh eps, roe, dan struktur kepemilikan institusional saham terhadap harga saham (Studi pada perusahaan rokok yang listing di bei tahun 2005-2011 , jurnal penelitian 1. 25–88.

Ramadhani, H. (2016). Analisis Price Book Value dan Return On Equity Serta Dividen Payout Ratio Terhadap Price Earning Ratio (Studi Pada PT. Bank Mandiri, Tbk). Forum Ekonomi, 18(1), 34–42.

Saleh, S. (2017). Penerbit Pustaka Ramadhan, Bandung. Analisis Data Kualitatif, 1, 180. https://core.ac.uk/download/pdf/228075212.pdf

Sari, D. R., & Hermastuti, P. (2020). Valuasi Harga Wajar Saham Dengan Menggunakan Metode Dividend Discount Model Dan Price to Book Value Ratio (Studi Empiris Pada Perusahaan Sektor Properti dan Real Estate yang Tercatat Di Bursa Efek IndonesiaTahun 2016-2019).

Subandi. (2019). Analisis Valuasi Saham Menggunakan Metode Discounted Cash Flows ( DCF ). 1–58. http://repo.darmajaya.ac.id/1854/1/SKRIPSI PDF FULL.pdf