Stock prices of manufacturing companies are influenced by dividends per share, earnings per share, return on investment, and price book value. A study of 131 manufacturing companies in Indonesia found that higher dividends per share lead to increased stock prices. Earnings per share also positively impact stock prices. However, return on investment has a negative effect on stock prices, indicating that investors may not always respond positively to profit information. The value of a company perceived by investors aligns with the increase in stock price. These factors contribute to 86.8% of stock price variations, with 3.2% explained by other variables.