Abstract
The problem that occurs in this study is the occurrence of fluctuations in earnings growth, price earning ratio and return on company equity from 2011-2021, as well as discrepancies in the theory of company stock prices in 2012, 2018, 2019, 2020 and 2021 stock prices have increased while earnings growth and returns on equity has decreased. The formulation of the problem in this study is whether there is a significant effect of stock prices on income growth, price earning ratio and return on equity. The purpose of this study was to determine whether there is a significant effect of stock prices on income growth, price earning ratio and return on equity. This research is a quantitative research with the type of data used is secondary data. This research consisted of 41 samples using purposive sampling data collection technique, namely all financial reports of PT. Japfa Comfeed Indonesia Tbk from 2011 quarterly I-IV to 2021 quarterly I-IV. The data analysis technique used is descriptive statistical test, normality test, classic assumption test, coefficient of determination test, multiple linear regression test and hypothesis testing processed through SPSS version 23. The results of the research conducted by the t test show that the income growth at tcount is -0.349 percent while ttable is 1.688, so tcount < ttable, the hypothesis is not accepted, meaning that there is no effect of income growth on stock prices. The results of testing the price earning ratio on tcount is 0.326 percent while ttable is 1.688, so tcount < ttable, the hypothesis is not accepted, meaning that there is no effect of the price earning ratio on stock prices. The results of the Return On Equity test at tcount is -0.284 percent while ttable is 1.688, so tcount < ttable means that Return On Equity has no effect on stock prices.