1. Introduction Ratio analysis is the one of the instruments used for measuring financial success of companies. In fact, ratios reveal important realities dealing with operation and financial situation of companies. Financial analysts use market ratios to analyze financial situation. These ratios simply reveal important realities about the results of operation and financial situation of companies and present their information. Investors and stock holders care about market price per share of companies and the ratios showing it. Most of these ratios are based on current market situations. Generally, market ratios are the ones are used for investment decisions and long-term planning. The ratios include earning per share (EPS), price/earnings ratio (P/E), dividend per share (DPS), dividend payout (D/P) and dividend yield (DY) (Saiedi, 2007). Earnings per Share (EPS) is generally considered most important factor to determine share price and firm value. The main objective of this report is to find out the affects of EPS that reflects in the share price movement. A hypothesis is taken(EPS and Share Price move on the same track)for finding out the factors that show why the positive or negative changing trend of the share price and the EPS is not working. So, by the reasons for that one can easily identify the idea why the perfect market is not working. In this paper, on the analysis part we have analysis on it and the reasons that we get is many factors are related with it. So, the object of this report will be known to all about the factors that discontinued the relationship with EPS and shock price movement that usually the investor misrepresented by the raising news of EPS