Internal Fundamental Analysis to Assess the Fairness of Stock Prices with the Price Earning Ratio (PER) Approach (Study of Manufacturing Companies Listed on the IDX for the Period 2022-2024)
Keywords:
Share Price Fairness, Price Earning ratio (PER), Internal Fundamental Analysis, IDX Manufacturing Industry, Invesment DecisioAbstract
This study aims to assess the fairness of the share prices of three large manufacturing companies listed on the Indonesia Stock Exchange (IDX), namely Unilever Indonesia Tbk (UNVR), Indofood Sukses Makmur Tbk (INDF), and Mayora Indah Tbk (MYOR), using an internal fundamental analysis approach based on Price Earning Ratio (PER) during the period 2022-2024. The data used are financial statements and year-end stock prices. The analysis method includes the calculation of EPS, PER, and comparison with the average PER of the manufacturing industry. The results showed that UNVR tends to be overvalued, INDF is undervalued, and MYOR is at a reasonable valuation. These findings confirm the importance of internal fundamental analysis as an investment decision-making tool in the Indonesian capital market.
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