PENGARUH RASIO KEUANGAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR TRANSPORTASI DI BURSA EFEK INDONESIA (BEI)

Abstract

This research aimed to examine the effect of profitability, liquidity, solvability, and activity on firm value. Profitability was referred to as Return On Assets, liquidity was referred to as Current Ratio, solvability was referred to as Debt to Equity Ratio, and acidity was referred to as Total Assets Turnover ratio. Moreover, the firm value was referred to as Tobin’s Q. The value was the investors’ view in assessing the success of the company entity in business management. The research was quantitative. Furthermore, the data collection technique used purposive sampling. In line with that, there were 21 companies with 84 observations as the sample. However, there were extreme data (outlier). Therefore, 76 observations were analyzed. Additionally, the population was Transportation companies listed on the Indonesia Stock Exchange (IDX) for 4 years (2018-2021). The data analysis technique used multiple linear regression. The result showed that profitability had a significant effect on firm value. Likewise, liquidity had a significant effect on firm value. Similarly, solvability had a significant effect on firm value. Also, activity had a significant effect on firm value.