PENGARUH PROFITABILITAS, LIKUIDITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN FARMASI YANG TERDAFTAR DI BEI

Abstract

This research aimed to find out the effect of profitability, liquidity and leverage on the firm value of
Pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) during 2016-2021. Profitability was
measured by Return On Asset (ROA), liquidity was measured by Current Ratio (CR), leverage was measured
by Debt to Equity (DER), and firm value was the dependent variable and measured by Price to Book Value
(PBV). The data were secondary, in the form of companies financial statements. Moreover, the data collection
technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there
7 companies as the sample with 42 polling data. Futhermore, the data analysis technique used multiple linear
regression with SPSS (Statistical Package for the Social Sciense) 25. The result conclude that liquidity did not
affect firm value. It happened as the liquidity only slowed companies ability in gaining profits. Additionally,
both profitability and leverage had a posotive effect on the firm value of Pharmaceutical companies listed on the
Indonesia Stock Exchange (IDX) during 2016-2021.