Search:
Sunday, Jun-26 2016 19:55 WIB
  • AGRI 1,727.680 -35.180 (-1.996%)
  • BASIC-IND 410.170 -8.570 (-2.047%)
  • BISNIS-27 411.120 -4.780 (-1.149%)
  • COMPOSITE 4,834.570 -39.740 (-0.815%)
  • CONSUMER 2,293.380 3.920 (0.171%)
  • DBX 693.150 -6.340 (-0.906%)
  • FINANCE 671.080 -5.560 (-0.822%)
  • IDX30 438.810 -4.000 (-0.903%)
  • INFOBANK15 506.090 -4.500 (-0.881%)
  • INFRASTRUC 1,083.970 -11.860 (-1.082%)
  • Investor33 339.530 -3.520 (-1.026%)
  • ISSI 160.010 -1.630 (-1.008%)
  • JII 663.940 -6.060 (-0.904%)
  • KOMPAS100 1,032.040 -9.000 (-0.865%)
  • LQ45 824.620 -6.380 (-0.768%)
  • MANUFACTUR 1,251.270 -9.850 (-0.781%)
  • MBX 1,386.700 -11.260 (-0.805%)
  • MINING 1,038.520 -9.900 (-0.944%)
  • MISC-IND 1,134.460 -38.140 (-3.253%)
  • MNC36 271.680 -2.620 (-0.955%)
  • PEFINDO25 396.280 -2.120 (-0.532%)
  • PROPERTY 528.860 -1.600 (-0.302%)
  • SMinfra18 331.970 -3.290 (-0.981%)
  • SRI-KEHATI 279.450 -2.910 (-1.031%)
  • TOTAL_MARKET 4,834.570 -39.740 (-0.815%)
  • TRADE 840.190 -5.450 (-0.644%)
  • © 2010 IMQ - LKBN ANTARA
  • AALI 14,100 -400 (-2.76%)
  • ABBA 50 0 (0.00%)
  • ABMM 2,490 140 (5.96%)
  • ACES 860 -20 (-2.27%)
  • ACST 3,160 -60 (-1.86%)
  • ADES 1,255 -5 (-0.40%)
  • ADHI 2,680 -40 (-1.47%)
  • ADMF 4,150 0 (0.00%)
  • ADMG 116 -6 (-4.92%)
  • ADRO 840 -10 (-1.18%)
  • AGRO 176 -9 (-4.86%)
  • AGRS 92 2 (2.22%)
  • AHAP 191 2 (1.06%)
  • AISA 1,430 -25 (-1.72%)
  • AKRA 6,250 75 (1.21%)
  • ALDO 730 -5 (-0.68%)
  • ALMI 177 0 (0.00%)
  • ALTO 330 0 (0.00%)
  • AMAG 400 -4 (-0.99%)
  • AMIN 134 4 (3.08%)
  • AMRT 600 0 (0.00%)
  • ANTM 730 0 (0.00%)
  • APEX 3,270 -10 (-0.30%)
  • APIC 600 -10 (-1.64%)
  • APLI 71 2 (2.90%) © 2010 IMQ - LKBN ANTARA
  • APLN 266 -4 (-1.48%)
  • ARII 450 -36 (-7.41%)
  • ARNA 590 -5 (-0.84%)
  • ARTA 266 -2 (-0.75%)
  • ARTI 181 0 (0.00%)
  • ARTO 141 0 (0.00%)
  • ASBI 496 0 (0.00%)
  • ASDM 920 -30 (-3.16%)
  • ASGR 2,030 -20 (-0.98%)
  • ASII 6,700 -250 (-3.60%)
  • ASJT 206 -2 (-0.96%)
  • ASMI 1,710 10 (0.59%)
  • ASMI-W 1,255 5 (0.40%)
  • ASRI 474 -8 (-1.66%)
  • ASSA 113 -1 (-0.88%)
  • ATIC 640 5 (0.79%)
  • AUTO 1,800 0 (0.00%)
  • BABP 71 0 (0.00%)
  • BABP-W 11 -1 (-8.33%)
  • BACA 194 -2 (-1.02%)
  • BAJA 149 1 (0.68%)
  • BALI 925 0 (0.00%)
  • BATA 980 10 (1.03%)
  • BBCA 12,775 -175 (-1.35%)
  • BBKP 535 -10 (-1.83%) © 2010 IMQ - LKBN ANTARA
  • BBNI 4,890 0 (0.00%)
  • BBRI 10,300 -125 (-1.20%)
  • BBTN 1,665 -25 (-1.48%)
  • BBYB 180 0 (0.00%)
  • BBYB-W 37 -2 (-5.13%)
  • BCAP 1,665 0 (0.00%)
  • BCIP 915 -5 (-0.54%)
  • BDMN 3,500 -40 (-1.13%)
  • BEKS 58 -2 (-3.33%)
  • BEST 258 -6 (-2.27%)
  • BGTG 98 2 (2.08%)
  • BHIT 155 -3 (-1.90%)
  • BIKA 580 -50 (-7.94%)
  • BIMA 352 0 (0.00%)
  • BIPI 50 0 (0.00%)
  • BIPP 84 0 (0.00%)
  • BIRD 4,040 -90 (-2.18%)
  • BISI 1,760 -5 (-0.28%)
  • BJBR 1,045 5 (0.48%)
  • BJTM 458 -2 (-0.43%)
  • BKSL 87 -2 (-2.25%)
  • BMRI 9,050 -25 (-0.28%)
  • BMTR 945 -20 (-2.07%)
  • BNBA 184 -6 (-3.16%)
  • BNBR 50 0 (0.00%) © 2010 IMQ - LKBN ANTARA
  • BNBR-W 1 0 (0.00%)
  • BNGA 496 -2 (-0.40%)
  • BNII 190 -1 (-0.52%)
  • BNLI 660 -15 (-2.22%)
  • BOLT 925 -10 (-1.07%)
  • BRAM 5,100 0 (0.00%)
  • BRMS 51 -1 (-1.92%)
  • BRNA 895 0 (0.00%)
  • BRPT 488 4 (0.83%)
  • BSDE 2,040 20 (0.99%)
  • BSIM 535 15 (2.88%)
  • BSIM-W3 68 8 (13.33%)
  • BSSR 1,205 -15 (-1.23%)
  • BTEK 1,230 -70 (-5.38%)
  • BTPN 2,490 -60 (-2.35%)
  • BUDI 71 -1 (-1.39%)
  • BUKK 800 -20 (-2.44%)
  • BUMI 73 -4 (-5.19%)
  • BVIC 101 -1 (-0.98%)
  • BVIC-W3 1 -1 (-50.00%)
  • BWPT 218 -8 (-3.54%)
  • CASS 975 -25 (-2.50%)
  • CEKA 930 -35 (-3.63%)
  • CFIN 248 2 (0.81%)
  • CINT 332 0 (0.00%) © 2010 IMQ - LKBN ANTARA
  • CLPI 800 -30 (-3.61%)
  • CMNP 1,700 0 (0.00%)
  • CMPP 129 4 (3.20%)
  • CNKO 76 5 (7.04%)
  • COWL 680 -5 (-0.73%)
  • COWL-W 2 1 (100.00%)
  • CPIN 3,680 -170 (-4.42%)
  • CPRO 50 -3 (-5.66%)
  • CSAP 400 -6 (-1.48%)
  • CTRA 1,425 5 (0.35%)
  • CTRP 605 -25 (-3.97%)
  • CTRS 2,420 -30 (-1.22%)
  • CTTH 70 0 (0.00%)
  • DAJK 76 1 (1.33%)
  • DART 490 0 (0.00%)
  • DEFI 184 -12 (-6.12%)
  • DGIK 64 -3 (-4.48%)
  • DILD 560 -15 (-2.61%)
  • DKFT 210 0 (0.00%)
  • DLTA 5,700 -100 (-1.72%)
  • DMAS 206 -2 (-0.96%)
  • DNAR 153 27 (21.43%)
  • DNET 1,110 0 (0.00%)
  • DOID 224 -6 (-2.61%)
  • DPUM 1,125 -5 (-0.44%) © 2010 IMQ - LKBN ANTARA
  • DSFI 128 0 (0.00%)
  • DSNG 490 0 (0.00%)
  • DVLA 1,505 -5 (-0.33%)
  • DYAN 59 0 (0.00%)
  • ECII 498 0 (0.00%)
  • EKAD 488 -8 (-1.61%)
  • ELSA 510 -20 (-3.77%)
  • ELTY 50 0 (0.00%)
  • EMDE 154 1 (0.65%)
  • ENRG 50 0 (0.00%)
  • ERAA 590 -25 (-4.07%)
  • ETWA 86 3 (3.61%)
  • EXCL 3,700 -130 (-3.39%)
  • FAST 1,205 -45 (-3.60%)
  • FASW 1,775 -25 (-1.39%)
  • FMII 610 0 (0.00%)
  • FORU 585 -5 (-0.85%)
  • FPNI 120 -7 (-5.51%)
  • FREN 67 -1 (-1.47%)
  • GAMA 50 0 (0.00%)
  • GDST 60 -1 (-1.64%)
  • GEMA 368 -14 (-3.66%)
  • GGRM 66,000 550 (0.84%)
  • GIAA 468 -10 (-2.09%)
  • GJTL 935 -50 (-5.08%) © 2010 IMQ - LKBN ANTARA
  • GLOB 430 -18 (-4.02%)
  • GOLD 530 -10 (-1.85%)
  • GOLL 125 3 (2.46%)
  • GOLL-W 17 1 (6.25%)
  • GPRA 208 0 (0.00%)
  • GREN 139 -2 (-1.42%)
  • GSMF 120 2 (1.69%)
  • GWSA 133 5 (3.91%)
  • GZCO 67 -1 (-1.47%)
  • HADE 70 0 (0.00%)
  • HDTX 590 -10 (-1.67%)
  • HEXA 1,880 15 (0.80%)
  • HITS 760 -5 (-0.65%)
  • HMSP 3,670 20 (0.55%)
  • HOTL 174 6 (3.57%)
  • HOTL-W 16 0 (0.00%)
  • HRUM 810 -15 (-1.82%)
  • IATA 65 -2 (-2.99%)
  • IBFN 151 0 (0.00%)
  • ICBP 17,050 -100 (-0.58%)
  • IDPR 1,410 -25 (-1.74%)
  • IGAR 310 10 (3.33%)
  • IIKP 3,750 10 (0.27%)
  • IMAS 1,365 -35 (-2.50%)
  • IMJS 244 14 (6.09%) © 2010 IMQ - LKBN ANTARA
  • IMPC 975 -20 (-2.01%)
  • INAF 1,325 0 (0.00%)
  • INAI 396 6 (1.54%)
  • INCI 290 -2 (-0.68%)
  • INCO 1,730 -35 (-1.98%)
  • INDF 7,050 50 (0.71%)
  • INDR 675 0 (0.00%)
  • INDS 665 75 (12.71%)
  • INDX 120 -2 (-1.64%)
  • INDY 560 -25 (-4.27%)
  • INKP 880 -25 (-2.76%)
  • INPC 71 0 (0.00%)
  • INPP 450 -6 (-1.32%)
  • INRU 330 0 (0.00%)
  • INTA 238 -2 (-0.83%)
  • INTP 15,850 -250 (-1.55%)
  • IPOL 96 -2 (-2.04%)
  • ISAT 6,425 -75 (-1.15%)
  • ISSP 240 -6 (-2.44%)
  • ITMG 8,650 -150 (-1.70%)
  • JAWA 168 1 (0.60%)
  • JIHD 525 0 (0.00%)
  • JKON 750 0 (0.00%)
  • JKSW 61 -3 (-4.69%)
  • JPFA 1,075 -25 (-2.27%) © 2010 IMQ - LKBN ANTARA
  • JRPT 855 -10 (-1.16%)
  • JSMR 5,150 -75 (-1.44%)
  • JTPE 262 0 (0.00%)
  • KAEF 1,185 -10 (-0.84%)
  • KARW 98 -5 (-4.85%)
  • KBLI 199 -7 (-3.40%)
  • KBLM 153 -3 (-1.92%)
  • KBLV 1,310 0 (0.00%)
  • KBRI-W 1 0 (0.00%)
  • KIJA 278 -6 (-2.11%)
  • KINO 6,150 -25 (-0.40%)
  • KKGI 725 -10 (-1.36%)
  • KLBF 1,385 -15 (-1.07%)
  • KOBX 116 7 (6.42%)
  • KOPI 700 -10 (-1.41%)
  • KPIG 1,445 -55 (-3.67%)
  • KRAH 2,080 -10 (-0.48%)
  • KRAS 620 -15 (-2.36%)
  • KREN 410 -2 (-0.49%)
  • LAPD 50 0 (0.00%)
  • LCGP 324 -36 (-10.00%)
  • LEAD 171 -1 (-0.58%)
  • LINK 4,090 20 (0.49%)
  • LMPI 108 1 (0.93%)
  • LPCK 7,325 -125 (-1.68%) © 2010 IMQ - LKBN ANTARA
  • LPKR 1,070 20 (1.90%)
  • LPLI 254 0 (0.00%)
  • LPPF 20,000 375 (1.91%)
  • LPPS 112 -1 (-0.88%)
  • LRNA 112 1 (0.90%)
  • LRNA-W 17 -2 (-10.53%)
  • LSIP 1,355 -35 (-2.52%)
  • LTLS 322 -10 (-3.01%)
  • MAGP-W 1 0 (0.00%)
  • MAIN 1,590 -25 (-1.55%)
  • MAPI 4,150 -30 (-0.72%)
  • MARI 855 0 (0.00%)
  • MASA 200 0 (0.00%)
  • MBSS 318 -8 (-2.45%)
  • MBTO 174 -1 (-0.57%)
  • MCOR 300 10 (3.45%)
  • MDKA 1,930 10 (0.52%)
  • MDLN 430 4 (0.94%)
  • MDRN 126 -6 (-4.55%)
  • MEDC 1,400 -15 (-1.06%)
  • MERK 9,950 -50 (-0.50%)
  • META 115 -1 (-0.86%)
  • META-W 157 12 (8.28%)
  • MFMI 228 12 (5.56%)
  • MGNA 63 0 (0.00%) © 2010 IMQ - LKBN ANTARA
  • MICE 488 -12 (-2.40%)
  • MIDI 715 -55 (-7.14%)
  • MIKA 2,610 -10 (-0.38%)
  • MKNT 488 0 (0.00%)
  • MLBI 10,800 -150 (-1.37%)
  • MLPL 354 -20 (-5.35%)
  • MMLP 675 -15 (-2.17%)
  • MNCN 2,160 -40 (-1.82%)
  • MPMX 448 -4 (-0.88%)
  • MPPA 1,430 -45 (-3.05%)
  • MREI 4,130 -450 (-9.83%)
  • MSKY 1,025 -35 (-3.30%)
  • MTDL 720 -10 (-1.37%)
  • MTLA 320 -6 (-1.84%)
  • MTRA 306 -4 (-1.29%)
  • MYOH 450 -4 (-0.88%)
  • MYOR 38,200 0 (0.00%)
  • MYRX 745 -25 (-3.25%)
  • MYRXP 80 -2 (-2.44%)
  • NIKL 422 18 (4.46%)
  • NIRO 100 -1 (-0.99%)
  • NOBU 458 0 (0.00%)
  • NRCA 605 -10 (-1.63%)
  • PALM 480 0 (0.00%)
  • PANR 510 -10 (-1.92%) © 2010 IMQ - LKBN ANTARA
  • PANS 3,500 -100 (-2.78%)
  • PBRX 496 -4 (-0.80%)
  • PGAS 2,380 0 (0.00%)
  • PJAA 1,850 -10 (-0.54%)
  • PKPK 51 1 (2.00%)
  • PLAS 1,535 -5 (-0.32%)
  • PNBN 730 -10 (-1.35%)
  • PNBS 206 -2 (-0.96%)
  • PNBS-W 87 0 (0.00%)
  • PNIN 570 -5 (-0.87%)
  • PNLF 190 -8 (-4.04%)
  • POLY 59 0 (0.00%)
  • POWR 1,500 -20 (-1.32%)
  • PPRO 480 -2 (-0.41%)
  • PRAS 154 4 (2.67%)
  • PSAB 340 -2 (-0.58%)
  • PSDN 125 -1 (-0.79%)
  • PTBA 7,825 -125 (-1.57%)
  • PTPP 3,820 0 (0.00%)
  • PTRO 486 -19 (-3.76%)
  • PTSN 67 3 (4.69%)
  • PUDP 382 -2 (-0.52%)
  • PWON 585 0 (0.00%)
  • PYFA 130 -2 (-1.52%)
  • R-LQ45X 852 0 (0.00%) © 2010 IMQ - LKBN ANTARA
  • RAJA 208 -6 (-2.80%)
  • RALS 980 0 (0.00%)
  • RANC 520 -20 (-3.70%)
  • RBMS 82 0 (0.00%)
  • RICY 149 0 (0.00%)
  • RIGS 140 -14 (-9.09%)
  • RMBA 436 -24 (-5.22%)
  • ROTI 1,470 -10 (-0.68%)
  • RUIS 250 6 (2.46%)
  • SAFE 106 -9 (-7.83%)
  • SAME 2,860 -30 (-1.04%)
  • SCCO 4,600 -100 (-2.13%)
  • SCMA 3,260 -80 (-2.40%)
  • SDMU 430 -2 (-0.46%)
  • SDPC 80 -6 (-6.98%)
  • SGRO 1,930 0 (0.00%)
  • SHID 715 0 (0.00%)
  • SHIP 535 -40 (-6.96%)
  • SIDO 505 -5 (-0.98%)
  • SILO 10,800 -50 (-0.46%)
  • SIMP 446 -6 (-1.33%)
  • SIPD 605 5 (0.83%)
  • SKBM 600 -10 (-1.64%)
  • SMAR 3,350 -250 (-6.94%)
  • SMBR 600 0 (0.00%) © 2010 IMQ - LKBN ANTARA
  • SMCB 1,040 -30 (-2.80%)
  • SMDM 85 -3 (-3.41%)
  • SMDR 4,050 -70 (-1.70%)
  • SMGR 8,850 -125 (-1.39%)
  • SMMA 7,150 0 (0.00%)
  • SMMT 166 -7 (-4.05%)
  • SMRA 1,725 -15 (-0.86%)
  • SMRU 250 -2 (-0.79%)
  • SMSM 4,650 -80 (-1.69%)
  • SOBI 1,900 0 (0.00%)
  • SOCI 416 -8 (-1.89%)
  • SONA 2,900 -100 (-3.33%)
  • SPMA 159 0 (0.00%)
  • SQBI 311,000 0 (0.00%)
  • SRIL 260 -6 (-2.26%)
  • SRTG 3,000 -320 (-9.64%)
  • SSIA 620 -25 (-3.88%)
  • SSMS 1,845 -10 (-0.54%)
  • SSTM 200 0 (0.00%)
  • STAR 56 0 (0.00%)
  • STTP 3,850 760 (24.60%)
  • SUGI 310 -14 (-4.32%)
  • SULI 50 -1 (-1.96%)
  • TARA 655 0 (0.00%)
  • TAXI 156 -5 (-3.11%) © 2010 IMQ - LKBN ANTARA
  • TBIG 6,625 -75 (-1.12%)
  • TBLA 545 -30 (-5.22%)
  • TCID 15,100 -375 (-2.42%)
  • TELE 690 -10 (-1.43%)
  • TFCO 680 -50 (-6.85%)
  • TIFA 139 0 (0.00%)
  • TINS 700 -15 (-2.10%)
  • TIRT 116 1 (0.87%)
  • TKIM 600 -10 (-1.64%)
  • TLKM 3,820 -40 (-1.04%)
  • TMAS 1,490 0 (0.00%)
  • TMPI 408 0 (0.00%)
  • TMPI-W 2 1 (100.00%)
  • TMPO 110 0 (0.00%)
  • TOBA 695 -15 (-2.11%)
  • TOTL 750 40 (5.63%)
  • TOTO 5,475 -200 (-3.52%)
  • TPIA 4,420 0 (0.00%)
  • TPMA 151 1 (0.67%)
  • TRAM 50 0 (0.00%)
  • TRIL 50 0 (0.00%)
  • TRIM 53 0 (0.00%)
  • TRIS 294 0 (0.00%)
  • TRIS-W 15 -2 (-11.76%)
  • TSPC 1,790 -20 (-1.10%) © 2010 IMQ - LKBN ANTARA
  • TURI 1,285 -15 (-1.15%)
  • ULTJ 4,100 -110 (-2.61%)
  • UNSP 50 0 (0.00%)
  • UNTR 14,075 50 (0.36%)
  • UNVR 43,500 100 (0.23%)
  • VICO-W 1 -1 (-50.00%)
  • VINS-W 14 0 (0.00%)
  • VIVA 314 0 (0.00%)
  • WEHA 141 -1 (-0.70%)
  • WICO 55 0 (0.00%)
  • WIIM 380 -8 (-2.06%)
  • WIKA 2,860 0 (0.00%)
  • WINS 246 20 (8.85%)
  • WOMF 76 -1 (-1.30%)
  • WSKT 2,480 -10 (-0.40%)
  • WTON 915 -25 (-2.66%)
  • XCID 99 0 (0.00%)
  • XIIC 983 -12 (-1.21%)
  • XIIF 507 -13 (-2.50%)
  • XIJI 663 -15 (-2.21%)
  • XISC 627 -19 (-2.94%)
  • XISI 338 -11 (-3.15%)
  • XISR 281 -7 (-2.43%)
  • YULE 85 6 (7.59%)
  • ZBRA 65 -3 (-4.41%) © 2010 IMQ - LKBN ANTARA
Mengenal Price Earning Ratio (PER)
Published: 1 Nov 2011 11:54 WIB


IMQ, Jakarta —  PER dikenal sebagai salah satu indikator terpenting di pasar modal. Definisi resminya kira-kira adalah suatu rasio yang menggambarkan bagaimana keuntungan perusahaan atau emiten saham (company's earnings) terhadap harga sahamnya (stock price).

Perhitungan rasio P/E atau PER dilakukan dengan cara membagi harga saham saat ini (current price of the stock) dengan keuntungan tahunan per saham (annual earnings per share-EPS).

Misalnya, emiten saham ABCD mempunyai keuntungan bersih per saham (earning per share) sebesar Rp200, dengan harga sahamnya saat ini Rp2.000 per lembar, maka PER ABCD adalah 10. Artinya jika kita berinvestasi saat ini pada saham ABCD maka masa kembali modal pokoknya (payback period)-nya sekitar 10 tahun.

Mengapa demikian? Itu karena kita membeli saham tersebut dengan 10 kali laba bersih per sahamnya (EPS) dengan asumsi inflasi 0% dan ABCD mempunyai tingkat keuntungan tetap Rp200 per saham.

Untuk mendapatkan tingkat imbal hasil saham (return), maka cukup dihitung dengan 1/PER saja, sebagai contoh imbal hasil ABCD adalah 1/10, yaitu 10% per tahunnya.

Kemudian kita bandingkan dengan return pasar, apabila return saham lebih tinggi dari return pasar, maka saham tersebut layak dibeli begitu juga sebaliknya. PER juga dapat dipakai untuk membandingkan kinerja antar saham atau antar sektor bahkan antar pasar dalam skala regional ataupun global.

PER juga merupakan angka psikologis bagi value investor dimana PER yang kecil akan lebih menarik dibandingkan dengan PER tinggi. PER rendah ini disebabkan oleh laba per saham yang relatif tinggi dibandingkan dengan harga sahamnya, sehingga tingkat return-nya lebih baik dan payback period-nya lebih singkat lagi. PER yang kecil merupakan salah satu pertimbangan utama bagi value investing di samping faktor-faktor lainnya.

Maka PER saham yang lebih tinggi dari PER pasar kurang baik untuk investasi jangka panjang, namun dapat dilakukan untuk short-run atau trading dengan pertimbangan teknikal saja. Seorang investor yang cerdas akan menghindari saham dengan PER tinggi, apalagi saham itu mempunyai volatilitas yang tinggi sehingga memiliki potensi risiko yang tinggi pula.

Pada saat ini di mana harga saham berjatuhan, maka PER saham anjlok drastis hampir sebesar rata-rata 60% dan PER pasar sudah di bawah 10, maka ini merupakan sinyal kuat untuk memulai investasi nilai seiring dengan momentum krisis ekonomi.

Bahkan beberapa saham unggulan sudah mencapai PER di bawah 5. Bagi value investor momentum ini merupakan peluang investasi jangka panjangnya.

Semoga bermanfaat, selamat berinvestasi...
Author: Perdana Wahyu Sentosa
-
POPULAR NEWS