This research aims to analyze the effect of the devidend payout ratio (DPR), debt to equity ratio (DER) and return on assets (ROA) toward price earning ratio (PER) that companies listed on the Jakarta Islamic Index (JII) in period 2011- 2016. The population in this research is companies listed on the Jakarta Islamic Index (JII) in period 2011-2016. The sample used in this research are 13 company, while the sampling is by purposive sampling method. The analysis model use are panel data regresion model with software eviews 8 and analysis techniques to test the hypotesis use are F test, t test and Adjusted R2 test. The result of this research indicate that the devidend payout ratio (DPR), debt to equity ratio (DER) and return on assets (ROA) simultaneously has significant effect toward price earning ratio (PER). While partially, debt to equity ratio (DER) has positive and significant, but devidend payout ratio (DPR) and return on assets (ROA) has negative and significant effect toward price earning ratio (PER) that firm listed on the Jakarta Islamic Index (JII) in period 2011-2016.