Conference Universitas Siliwangi
International Seminar and Conference on Management, Research, and Transformation (I-SMART)

The Effect of Return on Equity (ROE), Debt to Equity Ratio (DER), and Earnings per Share (EPS) on the Stock Performance of PT Bank Mandiri Tbk

Date Published : 15 October 2026

Contributors

Rafialdy Deandra Luthfi Yulio

Siliwangy University
Author

Keywords

Return On Equity Debt to Equity Ratio Earning Per Share and Stock Return

Proceeding

Vol. 1 (2025): International Seminar and Conference on Management, Research, and Transformation (I-SMART 1.0)

Track

General Track

License

Copyright (c) 2026 International Seminar and Conference on Management, Research, and Transformation (I-SMART)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

This study aims to analyze the effect of Return on Equity (ROE), Debt to Equity Ratio (DER), and Earnings per Share (EPS) on the return on shares of PT Bank Mandiri Tbk for the period 2015–2024. The method used is a quantitative approach with multiple linear regression analysis using SPSS version 26. The results show that simultaneously and partially, the ROE, DER, and EPS variables do not have a significant effect on stock returns, with an F-test significance value of 0.829 > 0.05 and a t-test value for each variable above 0.05. The coefficient of determination (R²) value of 0.240 indicates that these three variables can only explain 24% of the variation in stock returns. Therefore, the stock returns of PT Bank Mandiri Tbk are more influenced by external factors outside the company's financial ratios.

References

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How to Cite

Yulio, R. (2026). The Effect of Return on Equity (ROE), Debt to Equity Ratio (DER), and Earnings per Share (EPS) on the Stock Performance of PT Bank Mandiri Tbk. International Seminar and Conference on Management, Research, and Transformation (I-SMART), 1, 1127-1133. https://conference.unsil.ac.id/ismart/paper/view/351