The Impact of Financial Ratios affecting Measuring the Market Value of Shares of Listed Companies in the Stock Exchange of Thailand: A Case Study Property & Construction Industry Group

Abstract

     The purposes of this research were to study the impact of financial ratios affecting to measuring the market value of shares of listed companies in the Stock Exchange of Thailand: Property & Construction Industry Group by using information from financial statements, annual report and annual registration statement (form 56-1) between 2014 and 2018. The sample groups were 65 Property & Construction Industry Group which listed companies on the Stock Exchange of Thailand by using descriptive statistics such as maximum, minimum, mean and standard deviation and inferential statistics, including Pearson’s Correlation Coefficient and Multiple Regression Analysis.

     The study the impact of financial ratios affecting to measuring the market value of shares of listed companies in the Stock Exchange of Thailand: Property & Construction Industry Group found that financial liquidity consists of current ratio and quick ratio no effect on the price to earnings ratio and price to sales ratio. As for current ratio and quick ratio is affecting to the price to book value ratio at the 0.05 level of significance. Accounts receivable no effect on the price to earnings ratio and price to book value ratio. While
the average collection period is affecting to the price to sales ratio at the 0.01 level of significance. As for inventory found that inventory turnover is affecting to the price to earnings ratio at the 0.01 level of significance. And liabilities consist of account payable turnover and average payment period is affects the price to earnings ratio at the 0.05 level of significance and price to sales ratio at the 0.01 level of significance.