Pengaruh Analisis Fundamental Keuangan terhadap Harga Saham  pada Perusahaan Perbankan Himbara (BNI, BRI, BTN, dan Mandiri)  di Bursa Efek Indonesia Periode 2020–2025

Rizal Arochman; Ridwan Ridwan; Andina Rizana; Okta Kartika Sari; Alya Fitriany; Gugum Ghulam Faridz; Siti Qomariyah; Riska Fathia; Heri Kurnia; Chaeranny Riezka Utami; Nafisa Trilita Erlan

doi:10.55338/jeama.v5i1.677

Penulis

Rizal Arochman Universitas Pasundan
Ridwan Ridwan Universitas Pasundan
Andina Rizana Universitas Pasundan
Okta Kartika Sari Universitas Pasundan
Alya Fitriany Universitas Pasundan
Gugum Ghulam Faridz Universitas Pasundan
Siti Qomariyah Universitas Pasundan
Riska Fathia Universitas Pasundan
Heri Kurnia Universitas Pasundan
Chaeranny Riezka Utami Riezka Utami
Nafisa Trilita Erlan Universitas Pasundan

DOI:

https://doi.org/10.55338/jeama.v5i1.677

Kata Kunci:

Analisis Fundamental, Harga Saham, Rasio Keuangan, Perbankan, HIMBARA, Literatur Review

Abstrak

Abstrak−Pergerakan harga saham sektor perbankan dipengaruhi oleh berbagai faktor fundamental yang mencerminkan kinerja dan tingkat kesehatan keuangan bank. Penelitian ini bertujuan untuk menelaah secara sistematis pengaruh analisis fundamental keuangan terhadap harga saham pada perusahaan perbankan yang tergabung dalam Himpunan Bank Milik Negara (HIMBARA), yaitu Bank Mandiri, BRI, BNI, dan BTN, yang terdaftar di Bursa Efek Indonesia periode 2020–2025. Metode yang digunakan adalah literature review dengan menganalisis berbagai hasil penelitian empiris yang relevan terkait rasio keuangan perbankan seperti Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Capital Adequacy Ratio (CAR), Net Interest Margin (NIM), Non-Performing Loan (NPL), Loan to Deposit Ratio (LDR), Debt to Equity Ratio (DER), serta rasio valuasi pasar seperti Price Earnings Ratio (PER) dan Price Book Value (PBV). Hasil kajian menunjukkan bahwa rasio profitabilitas dan rasio pasar cenderung memiliki pengaruh positif terhadap harga saham, sedangkan rasio yang berkaitan dengan risiko kredit, leverage, dan efisiensi operasional menunjukkan pengaruh negatif atau tidak konsisten. Perbedaan temuan antar penelitian mengindikasikan bahwa pengaruh faktor fundamental bersifat kontekstual, dipengaruhi oleh periode pengamatan, kondisi ekonomi makro, serta pendekatan metodologis yang digunakan. Kajian ini menegaskan bahwa analisis fundamental tetap relevan sebagai dasar pengambilan keputusan investasi di sektor perbankan, sekaligus menunjukkan perlunya penelitian lanjutan yang lebih spesifik pada kelompok bank HIMBARA dalam dinamika ekonomi terkini.

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