PENGARUH PROFITABILITAS, LIKUIDITAS, DAN SOLVABILITAS TERHADAP NILAI PERUSAHAAN FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2018 - 2022

Abstract

This research aimed to find out, examine, also analyze the effect of profitability, liquidity, and solvability on the firm value of Pharmaceutical companies listed on the Indonesia Stock Exchange 2018-2022. Furthermore, profitability was measured by Return On Asset, liquidity was measured by Current Ratio, and solvability was measured by Debt to Equity Ratio. The research was correlational with a quantitative approach. Moreover, the population was Pharmaceutical companies listed on the Indonesia Stock Exchange. The data collection technique used purposive sampling. In line wih that, there were 8 companies as the sample. Additionally, the data were taken for 5 years in the 2018-2022. Thus, there were 40 data samples. The data analysis technique used data analysis techniques quantitative. The analysis used software SPSS 26 version. The result showed that profitability (ROA) had a positive and significant effect on the firm value (PBV). On the other hand, both liquidity (CR) and solvability (DER) had insignificant effect on the firm value (PBV).