PENGARUH PROFITABILITAS, LIKUIDITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN INDUSTRI FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA PADA TAHUN 2017-2021

Abstract

Firm value is suitable with the stock price. The higher the stock price is, the higher the firm value and profit gained by the stockholders. Moreover, the firm value is affected by some factors, namely profitability, liquidity, and firm size. The profitability, liquidity, and firm size are referred to as Return On Assets, Current Ratio, Logarithm Total Asset, and Price Book Value. Therefore, this research aimed to find out, examine, and analyze the effect of profitability, liquidity, and firm size on the firm value of Pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) 2017-2021. The population was 11 Pharmaceutical companies listed on IDX 2017- 2021. Moreover, the data collection technique used saturated sampling. The data analysis technique used multiple linear with SPSS. The result concluded that profitability had a positive and significant effect on firm value. However, liquidity had a negative and insignificant effect on firm value. In contrast, firm size had a positive but insignificant effect on the firm value of Pharmaceutical companies listed on IDX 2017-2021.