PENGARUH PROFITABILITAS, LIKUIDITAS, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR SUBSEKTOR SEMEN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to examine the effect of profitability which was referred to as Return On Asset, liquidity which was referred to as Current Ratio, and leverage which was referred to as Debt to Asset Ratio as the independent variables on firm value which was referred to as Price to Book Value as the dependent variable, of Cement manufacturing companies listed on the Indonesia Stock Exchange during 2015-2021. The research was quantitative with secondary data, in the form of financial statements. Moreover, the data collection technique used saturated sampling. The population was 6 Cement manufacturing companies. In line with that, there were 36 samples of data. Furthermore, the data analysis technique used multiple linear regression with SPSS 20. The result of F-test showed that this study was properly used. Additionally, the research result concluded that both Return On Asset and Current Ratio had a positive but insignificant effect on firm value. However, Debt to Asset Ratio had a negative and significant effect on firm value.