Pengaruh Price Earning Ratio Terhadap Return Saham (studi kasus pada PT. BNI (Persero) tbk yang terdaftar di BEI

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The level of stock return of PT BNI in 1998-2007 tends to be fluctuating. And the worst the worst in2005, PT BNI has been lost return. Based on that, it was conducted a research to find out the level of price earning ratio, level of stockreturn, and to find out how influence the price earning ratio to stockreturn.

Correlation between X and Y variable is shown through the correlation coefficient of Pearson, analysis of regression simple linear is used to know the level of influence of Price Earning Ratio to stockreturn, and to know how big the variable contribution is used coefficient formula of determination. Examination of hypothesis in this research use statistic test t two side with α= 0.05. Acquirement of the analysis result is processed by using program of SPSS version 14 for Windows.

Based on the statistical analysis, it is reflected that there is a strong relationship and indirect (negative) between earning price ratio and stock return. The conclusion of statistical analysis shows that the price earning ratio has a significant influence to the stockreturn. Thus, the investor can use the price earning ratio as infestation analysis in appraising a stock that can influence the level of stockreturn.