Indonesia Conference Directory

This study is aimed to determine the fair value of stock the companies based on fundamental analysis it can be considered undervalued or overvalued and to know when time to buy or time to sell shares of companies based on modern technical that will be useful to investors in making investment decisions. The research is done by empirical study strategy for coal mining subsector companies. The method used is descriptive method with quantitative approach. Knowing the fair value of stock can be made through fundamental analysis with Price Earning Ratio (PER) approach. The population os this research is all coal mining subsector companies listed on Indonesia Stock Exchange in 2018. Sample was determined by purposive sampling, with total sample of 6 companies. The data used in this study are secondary data. The method of collecting data used literature study in the form of financial report and annual report over the past three years and historical stock prices through the company-s official website nor www.idx.co.id and www.investing.com. The results of this study showed that companies are categorically undervalued is PT Baramulti Suksessarana Tbk, PT Indo Tambangraya Megah Tbk, and PT Resource Alam Indonesia Tbk. While the companies are categorically overvalued is PT Adaro Energy Tbk, PT Mitrabara Adiperdana Tbk, and PT Bukit Asam Tbk.