Abstract :
The purpose of this study is to examine the effect of Non Performing Loan, Dividend
Payout Ratio, and SBI Rate on Price Earning Ratio. Investment, in the form of shares judgment
over shares is an activity that is very important. One of the methods appraisement the stock was
Price Earning Ratio ( PER ). This method based oneself at the ratio between share prices per
note that apply in the capital market against the level of the net profits available for the
shareholders. PER can be defined as an indicator of the market confidence on the prospect of the
growth of the company in the future. Price Earning Ratio over shares which can indicated shares
should be sold or purchased. This research aimed at suspected analyze factors affecting price
earning ratio of the value of shares listed on the Indonesia Stock Exchange.
The factors: Non Performing Loan, Dividend Payout Ratio, Interest Rates on Bank
Indonesia. As for the period of observation from 2006 to 2010. Population in this research is All
Banks listed on BEI since 2006 until 2010. Samples chosen by using the method purposive of
sampling based on criteria of banks had do go public.
By the use of regression analysis linear worship of idols the statistics imply that
simultaneously factors affects the price earning ratio stock on the Indonesia Stock Exchange and
capable of being explained by 50,7 % and the rest is described by another variable out of
variable research. Analysis individually show the result that non performing loan is significant,
meanwhile dividend payout ratio and SBI rate did not significant.
Keyword: Price Earning Ratio, Non Performing Loan, Dividend Payout Ratio, SBI, Bank, Go
Public.