Penelitian ini bertujuan untuk menganalisis pengaruh variabel fundamental perusahaan yang terdiri dari Earning Per Share (EPS), Return on Assets (ROA), Debt to Equity Ratio (DER), dan kebijakan dividen terhadap harga saham pada perusahaan manufaktur sektor industri barang konsumsi di Indonesia periode 2019–2023. Penelitian ini menggunakan metode deskriptif dan verifikatif dengan pendekatan kuantitatif. Sampel penelitian dipilih berdasarkan teknik purposive sampling yang memenuhi kriteria tertentu, dengan jumlah perusahaan yang dianalisis sebanyak 15 perusahaan dalam 5 tahun. Data yang digunakan merupakan data sekunder yang diperoleh dari laporan keuangan tahunan dan data harga saham yang dipublikasikan secara resmi oleh Bursa Efek Indonesia (BEI). Metode analisis yang digunakan adalah regresi data panel dengan pendekatan random effect model (REM) menggunakan bantuan software EViews 13. Uji hipotesis dilakukan melalui uji F dan uji t untuk mengetahui pengaruh secara simultan maupun parsial antar variabel. Hasil penelitian menunjukkan bahwa secara parsial EPS dan ROA berpengaruh positif signifikan terhadap harga saham, DER berpengaruh negatif signifikan, sedangkan kebijakan dividen tidak berpengaruh signifikan. Secara simultan, keempat variabel tersebut berpengaruh signifikan terhadap harga saham perusahaan manufaktur sektor industri barang konsumsi. Hasil uji koefisien determinasi (R²) menunjukkan bahwa model ini mampu menjelaskan variasi harga saham sebesar 38%, sedangkan sisanya dijelaskan oleh variabel lain di luar model.
Kata Kunci: Earning Per Share (EPS), Return on Assets (ROA), Debt to Equity Ratio (DER), Kebijakan Dividen, Harga Saham.

This study aims to analyze the influence of fundamental company variables consisting of Earning Per Share (EPS), Return on Assets (ROA), Debt to Equity Ratio (DER), and dividend policy on stock prices in manufacturing companies in the consumer goods industry sector in Indonesia for the period 2019–2023. This study uses descriptive and verification methods with a quantitative approach. The research sample was selected based on a purposive sampling technique that meets certain criteria, with the number of companies analyzed as many as 15 companies in 5 years. The data used are secondary data obtained from annual financial reports and stock price data officially published by the Indonesia Stock Exchange (IDX). The analysis method used is panel data regression with a random effect model (REM) approach using the help of EViews 13 software. Hypothesis testing is carried out through the F test and t test to determine the simultaneous and partial effects between variables. The results of the study show that partially EPS and ROA have a significant positive effect on stock prices, DER has a significant negative effect, while dividend policy has no significant effect. Simultaneously, these four variables have a significant effect on stock prices in manufacturing companies in the consumer goods industry sector. The results of the determination coefficient test (R²) show that this model is able to explain the variation in stock prices by 38%, while the rest is explained by other variables outside the model.
Keywords: Earning Per Share (EPS), Return on Assets (ROA), Debt to Equity Ratio (DER), Dividend Policy, Stock Price.