PENGARUH PROFITABILITAS, LEVERAGE DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN PLASTIK DAN KEMASAN DI BEI

Abstract

This research aimed to examine and analyze the effect of financial performance, namely profitability which was referred to as Return On Asset (ROA), leverage was referred to as Debt to Equity Ratio (DER), and liquidity was referred to as Current Ratio (CR) on firm value which was referred to Price to Book Value (PBV). The population was 15 Plastic and Package companies listed on the Indonesia Stock Exchange (IDX) during 2018- 2021. The result concluded that (1) profitability had a negative and insignificant effect on the firm value. This showed that companies’ asset management had not been able yet to gain some profits, (2) leverage had a significantly positive effect on firm value. It meant the amount of leverage had really affected the investors to ensure the management in spending the companies fund, (3) liquidity had a positive but insignificant effect on firm value. This was shown as the markets gave their positive feedback since the companies could fulfill their obligation in short-term debt well.