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The current ratio (CR), debt to equity ratio (DER), return on assets (ROA) and return on equity (ROE) affect the stock price of telecommunications sector companies and components listed on the Indonesia Stock Exchange period 2009 - 2017. The technique using a purposive sampling technique which means choosing a sample with the criteria (1) Companies listed on the Indonesia Stock Exchange (IDX) during the period 2009 - 2017 (2) Indonesia Stock Exchange (IDX) Companies registered in the telecommunications sector during 2009 - 2017 period (3) Companies that always present the financial report data for the period 2009 - 2017 (4) Companies that always complete the financial report for the data period 2009 - 2017. The analytical method used is the multiple linear regression and classical assumption test. The debt to equity ratio (DER) does not partially affect stock prices, and returns on equity (ROE) has a partial effect on stock prices. While the simultaneous or together ratio (CR), the debt to equity ratio (DER), return on assets (ROA) and return on equity (ROE) affect the stock price.

本研究探讨2009-2017年于印度尼西亚证券交易所（Indonesia Stock Exchange，IDX）上市的电信行业公司及其成分股的股价，受流动比率（current ratio，CR）、负债权益比（debt to equity ratio，DER）、资产收益率（return on assets，ROA）与净资产收益率（return on equity，ROE）的影响情况。本研究采用目的性抽样（purposive sampling）技术选取样本，具体入选标准如下：（1）2009-2017年间在印度尼西亚证券交易所（IDX）上市的公司；（2）2009-2017年间于印度尼西亚证券交易所（IDX）登记纳入电信行业的公司；（3）2009-2017年间持续披露财务报告数据的公司；（4）2009-2017年间财务报告数据完整的公司。本研究所采用的分析方法为多元线性回归与经典假设检验。实证结果表明，负债权益比（DER）对股价不存在单项显著影响，而净资产收益率（ROE）对股价具有单项显著影响；同时，流动比率（CR）、负债权益比（DER）、资产收益率（ROA）与净资产收益率（ROE）四项指标的联合作用对股价存在显著影响。