This study aims to examine the fundamental
factors consisting of Current Ratio (CR), Operating
Profit Margin (OPM), Net Profit Margin (NPM),
Return On Assets (ROA), Return On Equity (ROE),
Debt to Equity Ratio (DER), Debt to Asset Ratio (DAR),
and Price to Earning Ratio (PER) and the exchange rate
against the share price of Garuda Indonesia. The study
uses secondary data taken from Garuda Indonesia's
quarterly financial statements for the period 2011-2018.
The analysis technique uses multiple linear regression
with SPSS version 20. The results showed the CR,
OPM, NPM, DAR and PER had no effect on stock
prices. ROA and ROE have a significant effect on the
positive direction of stock prices. DER and exchange
rate have a significant effect with a negative direction
on stock prices.
Keywords : Fundamental factor, Exchange rate dan Stock price.