Price Earnings Ratio and Stock Return Analysis (Evidence from Liquidity 45 Stocks Listed in Indonesia Stock Exchange)
Abstract: Stocks with low PE
ratio are perceived as having cheaper current price hence expected to generate
higher return in subsequent period. This paper aimed to examine stocks with
high PE Ratio followed by
low stocks return
and on the
contrary. Using stocks
which are included
as member of Liquidity
45 in period
2005-2010 as samples
Results showed that
there is signifi-cance difference between low PE and
high PE portfolio stock return in short term (holding pe-riod of six months) but
there is no significance difference if they are hold for one, two, three, and
four years. This research also
finds that there is no
significant relationship between stock return
and trailing PE Ratio.
Penulis: Liem Pei Fun and
Sautma Ronni Basana
Kode Jurnal: jpmanajemengg120032
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