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This study is intended to investigate whether the Indonesian Reference Index, in this case, the LQ 45, consistently applies the principles of prudent investment, known as the Buffettology principle. Buffettology which requires a careful choice of companies or stocks, in terms of the Debt to Equity ratio, it should be below 0.5, and have current assets to current debt ratio above 1.5. another thing is to choose a company with an undervalued category but has good prospects. This study takes a research sample of 33 companies that are members of the LQ-45 option outside the banking sector in the period 2015 to 2021. This study finds that the Debt to Equity ratio variable greatly affects stock returns with a negative effect. This means that the smaller the value of the D/E ratio, the higher the company's return. The NPM variable also affects the company's return positively. What is unique is that the Quick Ratio does not affect the company's return. In this case, investors' expectations of companies that have low D/E are more considered to have prospects as good companies in the future. The managerial implication of this research is the need for financial services authorities to pay attention to excessive company performance in debt expansion.