Relationship of Economic Factors and Profitability Affecting the Stock Price Assessment on the Stock Exchange of Thailand SET100

Abstract

This research aims to study the relationship of economic factors and profitability that affect the valuation of shares of companies listed on the Stock Exchange of Thailand, SET 100, which is a quantitative research. Using a sample group from companies listed on the Stock Exchange of Thailand, SET100, during the year 2017-2021, for a period of 5 years, The independent variables economic factors such as consumer index. 1-year fixed deposit interest rate and inflation rate The profitability is gross profit margin. Earnings Before Interest and Taxes Net profit margin Return on Assets and Return on Equity. The dependent variable is the share valuation, consisting of the market price of the shares per earnings per share. and the stock market price per book value per share Descriptive statistics were used to analyze the preliminary data. Analysis of the relationship between economic factors profitability and stock valuations include multiple regression analysis.

The results showed that The 1-year fixed deposit interest rate has a positive correlation to the market valuation of the stock to earnings per share, and Gross profit margin. Earnings Before Iinterest and Taxes Net profit margin and Return on Equity There is a positive correlation with the stock's market capitalization valuation to book value per share.