Financial ratio factors that affect the stock price of companies listed on the Stock Exchange of Thailand SET 100

Abstract

This research aims to study the factors of financial ratios affecting the stock prices of companies listed on the Stock Exchange of Thailand, SET 100. The quantitative research method was used to study secondary data from 89 companies, totaling 445 data from companies listed on the Stock Exchange of Thailand, SET100 group, between 2019 and 2023, a total of 5 years, from annual reports, financial statements, annual information forms (Form 56-1), and SETSMART. The statistics used in the research were 1) descriptive statistics, including minimum, maximum, mean, and standard deviation, and 2) inferential statistics, including Pearson's correlation coefficient analysis and multiple regression analysis. The results of the research found that the financial ratios of total debt to equity ratio, return on total assets ratio, and earnings per share ratio affected the stock prices, while the net profit ratio and return on equity ratio did not affect the stock prices at a statistically significant level of 0.05.