| Analysis of the factors that influence the price earnings ratio in real estate and property companies listed on the Indonesia Stock Exchange. This research is aimed at investigating the effects of earning growth, dividend payout ratio, financial leverage, returns on equity and dummy variable for bullish and bearish market condition on Price Earnings Ratio. The sample includes all the population of Real Estate and Property Companies in Indonesian Stock Exchange. The variables used in this research consist of dependent and independent variables. Price Earnings Ratios as the dependent variables while the earnings growth, dividend payout ratio, financial leverage, return on equity and dummy variables as the independent variables. The result shows that simultaneously all of the ratios effects Price Earnings Ratio. The independent variable are able to explain the effect of those ratios on price earnings ratio 13,6%, while the remains 86,4% is determined by other factors outside this research. The research also indicates that partially is just dividend payout ratio effects price earnings ratio, while the dummy variable indicates that there are differences in the Price Earnings Ratio bullish and bearish market conditions. |