PENGARUH DEBT TO EQUITY RATIO, RETURN ON ASSET, DAN EARNING PER SHARE TERHADAP NILAI PERUSAHAAN MANUFAKTUR DI BEI

Abstract

An increase in company value gave a prosperity to the stakeholders who have been invest to the company. Firm
value was not considered the increase or decrease of the stock price, but also it can be seen from the company’s
financial statement condition. This research aimed to find out the effect of debt to equity ratio, return on asset,
earning per share on the manufacturing company listed on Indonesia Stock Exchange. Furthermore, the research
population used manufacturing company which were listed on Indonesia Stock Exchange in 2016- 2020 period.
This research was quantitative, a sample selection with purposive sampling. Moreover, the research analysis
collection technique used multiple linear regressions. On the other hands, the research data was 225 data from
45 companies. The research result showed that debt to equity ratio had significant effect on the firm value.
Meanwhile, return on asset had significant effect on the firm value. In addition, earning per share did not have
significant effect on the firm value.