from Rp10.350 per share to Rp26.000 per share. The same thing happens in PT Bayan Resources Tbk. In 2010,
PT Bayan Resources Tbk recorded EPS of 195 times the index, up from the previous year stands at 71 times.
Even with ROA index increased from 0.06250 0.026496 times to times. The increase caused the stock price of
PT Bayan Resources Tbk increased nearly three-fold from a year earlier in price Rp5.650 be Rp18,000.
The phenomenon that occurred in 2010 and 2011 where there is a decline in stock prices in the event
of a rise in EPS and ROA may be caused by factors other than the independent variable in this study. This can be
explained by the magnitude of the coefficient of determination is 10.19%, leaving other factors outside of
research. Other factors beyond the independent variables thought to have come from macro-economic factors
such as the exchange rate against foreign currencies and interest rates as the result of research conducted by
Suskim Riantani and Mary Tambunan (2013).