PENGARUH PROFITABILITAS, LIKUIDITAS, DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SUB-INDUSTRI PROCESSED FOOD YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2019 - 2023

Abstract

This research aims to examine the effect of profitability (Return On Asset), liquidity (Current Ratio), and capital structure (Debt to Asset Ratio) on firm value (Price to Book Value) of Proccesd Food sub-industries company listed on the Indonesia Stock Exchange during 2019 – 2023. The population consisted of Processed Food sub-industry companies listed on IDX 2019 – 2023. Furthermore, the data collection technique used purposive sampling with 13 companies as the samples.The research applies quantitatievely with secondary data. The data were taken from company’s annual financial statements. Moreover, the data analysis technique used multiple linear regression with SPSS 26. The result of hypothesis test (t-test) indicates that shows that profitability (Return on Assets) has a positive and significant effect on the firm value of Processed Food sub-industry companies listed on the IDX. However, liquidity (Current Ratio) has a negative and significant effect on the of Processed Food sub-industry companies listed on the IDX. In contrast, capital structure (Debt to Asset Ratio) has a negative and insignificant effect on the firm value of Proccesed Food sub-industry companies listed on the IDX.