PENGARUH PROFITABILITAS, LIKUIDITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN REAL AND ESTATE DI BEI

Abstract

Real Estate and Property company is a company that runs into fulfilling consumers’ needs for their homes and property. Moreover, it has become one of the essential sectors in supporting Indonesia’s economy. This research aimed to find out the effect of profitability, liquidity, and leverage on the firm value of Real Estate and Property companies listed on the Indonesia Stock Exchange (IDX) in the 2016-2020 period. The population was 62 Property and Real Estate companies listed on IDX. In line with that, there were 11 companies that fulfilled the criteria as samples. Moreover, the data collection technique used purposive sampling. The data were secondary, in the form of financial statrmrnts taken from GIBEI-STIESIA Surabaya. Furthermore, the data analysis technique used multiple linear regression, classical assumtion test, proper model test, and hypothesis test with SPSS 26. The result concluded thet profitability had a positive and significant effect on firm value. The higher the company’s profit was, the higher the firm value would be; and vice versa. However, liquidity had a negative and significant effect on firm value. The higher liquidity was, the lower the firm value would be; and vice versa. In contrast, leverage had a positive and significant effect on firm value. The higher the leverage was, the higher the firm value would be; and vice versa.