ROA
10% 12% 12% 13% 9% 12% 8% 9%
Nilai
Buku
Saham 300 420 250 200 250 210 310 335
Nilai
Pasar
Saham 350 400 420 450 460 350 340 400
• Menghitung ROA industri dengan menggunakan rata-
rata aritmatika :
Rata-rata
Aritmatika • 1/8 (10+12+12+13+9+12+8+9) = 10,625%
• Analisis menggunakan nilai buku saham :
• 300/2.275(10%)+420/2.275(12%)+250/2.275(12%)+200/
Rata-rata 2.275(13%)+250/2.275(9%)+210/2.275(12%)+310/2.275(8
Tertimbang
%)+335/2.275(9%)= 10,50%
• Analisis menggunakan nilai pasar saham :
• 350/3.170(10%)+400/3.170(12%)+420/3.170(12%)+450/3
Rata-rata .170(13%)+460/3.170(9%)+350/3.170(12%)+340/3.170
Industri
(8%)+400/3.170 (9%)= 10,67%
Penggunaan rata-
rata didasarkan pada
asumsi implisit, ada Perbandingan
perbedaan antarindustri secara
antarindustri implisit juga mengakui
bahwa ada perbedaan risiko
bisnis antar industri
ANY
QUESTION ?
THANKS FOR ALL ATTENTION, THESE
PRESENTATIONS FROM OUR GROUP,
SORRY IF THERE ARE MISTAKES AND
SHORTCOMINGS. SEE YOU NEXT TIME.
WASSALAMUALAIKUM WR.WB.