ABSTRAK
Saat ini, masyarakat mulai memahami dan bergantung pada investasi. Salah satu cara
perusahaan untuk menambah modal adalah dengan menerbitkan saham dan menjualnya
kepada investor melalui Bursa Efek Indonesia (BEI) dan investor dapat berinvestasi melalui
pasar modal. Pasar modal memperdagangkan sekuritas seperti saham, obligasi, dan reksa
dana. Saham merepresentasikan kepemilikan sebuah perusahaan. Bank-bank BUMN
memainkan peran penting dalam perekonomian Indonesia. Tujuan dari penelitian ini adalah
untuk mengetahui pengaruh return on asset, net interest margin dan capital adequacy ratio
pada perusahaan perbankan BUMN tahun 2015-2022 terhadap harga saham.
Jenis penelitian ini adalah penelitian kuantitatif. Populasi penelitian adalah perusahaan
perbankan BUMN yang terdaftar di LQ45, dengan sampel penelitian data laporan keuangan
tahunan perusahaan perbankan BUMN tahun 2015-2022. Studi pustaka digunakan sebagai
sumber data sekunder, yang meliputi data historis keuangan tahunan perusahaan perbankan
BUMN yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2015-2022. Metode analisis
yang digunakan meliputi analisis deskriptif dan analisis inferensial.
Hasil penelitian menunjukkan bahwa Return On Asset (ROA) dan Capital Adequacy
Ratio (CAR) secara parsial berpengaruh signifikan terhadap harga saham, tetapi Net Interest
Margin (NIM) tidak berpengaruh signifikan terhadap harga saham perusahaan perbankan
BUMN yang terdaftar di LQ45 periode 2015-2022.
Kata Kunci : Harga Saham, Perusahaan Perbankan BUMN, Return On Asset (ROA), Net
Interest Margin (NIM), dan Capital Adequacy Ratio (CAR).


ABSTRACT
Nowadays, people are starting to understand and depend on investment. One way
companies can increase their capital is by issuing shares and selling them to investors through
the Indonesia Stock Exchange (IDX) and investors can invest through the capital market. The
capital market trades securities such as stocks, bonds, and mutual funds. Shares represent
ownership of a company. State-owned banks play a significant role in the Indonesian economy.
The purpose of this study was to determine the effect of return on assets, net interest margin
and capital adequacy ratio in state-owned banking companies in 2015-2022 on stock prices.
This type of research is quantitative research.
The research population is state-owned banking companies listed on LQ45, with a research
sample of annual financial report data of state-owned banking companies in 2015-2022.
Literature study is used as a secondary data source, which includes historical annual financial
data from state-owned banking companies listed on the Indonesia Stock Exchange (IDX) in
2015-2022. The analysis method includes descriptive analysis and inferential analysis.
The results showed that Return On Asset (ROA) and Capital Adequacy Ratio (CAR)
partially had a significant effect on stock prices, but Net Interest Margin (NIM) had no
significant effect on the stock prices of state-owned banking companies listed on the LQ45
period 2015-2022.
Keywords : Share price, BUMN Banking Companies, Return On Asset (ROA), Capital
Adequacy Ratio (CAR), and Net Interest Margin (NIM).