Analisis Penetapan Harga Intrinsik Saham dengan Menggunakan Metode Price Earning Ratio (Per) sebagai Dasar Keputusan Investasi Saham (Studi pada Perusahaan Sektor Konstruksi Bangunan yang Terdaftar di Bursa Efek Indonesia Periode 2010-2013)

摘要

The purpose of this research is to know calculation of intrinsic value of stock using price earning ratio (PER) method as well how the intrinsic value could be used as the basic of investment decision. This research study at building construction sector company which listed at Indonesian Stock Exchange. The sample of this research are PT. Adhi Karya (Persero), Tbk, PT. Pembangunan Perumahan (Persero), Tbk, and PT. Wijaya Karya (Persero), Tbk. This research using quantitative approaching method with financial mathematic analysis. The results showed a different condition from three sample of the population. PT.Adhi Karya (Persero),Tbk in an undervalued condition because the intrinsic value more than its market value, therefore investor should buy this type of stock. PT. Pembangunan Perumahan (Persero),Tbk in an Correctly Valued condition because its intrinsic value at the same price with market value. PT.Wijaya Karya (Persero),Tbk in an Overvalued Condition which the intrinsic value are lower than its market value therefore investor have to sell this type of stock.