PENGARUH RASIO PROFITABILITAS, LIKUIDITAS, DAN SOLVABILITAS TERHADAP NILAI PERUSAHAAN PADA PT WIJAYA KARYA TBK

Abstract

This research aimed to find out the effect of the profitability ratio, liquidity, and solvability each of the ratios was
proxy with Return On Asset, Current Ratio, and Debt to Equity Ratio on the Price to Book Value. This research
was quantitative, while, the research object used PT Wijaya Karya Tbk and the data used secondary data
through quarterly financial statements at PT Wijaya Karya Tbk in 2013-2020 period. The research sample
determination used the quota sampling technique. Moreover, the data analysis method used multiple linear
regressions analysis methods with the SPSS application (Statistical Product and Service Solution) 25
version.This research examination used t-test showed that profitability ratio with proxy Return on Asset had a
negative and significant effect on the firm value. The liquidity ratio with proxy Current Ratio had a significantly
positive effect on the firm value. Meanwhile, the solvability ratio with proxy Debt to Equity Ratio had a positive
but insignificant effect on the firm value at PT Wijaya Karya Tbk.