PENGARUH STRUKTUR MODAL, STRUKTUR AKTIVA, PERTUMBUHAN PERUSAHAAN, KINERJA KEUANGAN, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2019-2023

A strong company value will provide a positive signal to investors and simultaneously increase the company’s competitiveness in the property sector. This study also provides theoretical contributions to the development of financial management studies, especially in the property sector which is characterized by long-term investments and high risks. This research aims to analyze the influence of capital structure, asset structure, company growth, financial performance, and profitability on company value in the property and real estate sector listed on the Indonesia Stock Exchange (IDX) during the period 2019–2023. Company value in this study is measured using the Price to Book Value (PBV) ratio, while the independent variables are measured by Debt to Equity Ratio (DER), fixed asset proportion, asset growth, Return on Assets (ROA), and Return on Equity (ROE).

The population of this study consists of Property and Real Estate Sector companies totaling 31 companies. Sampling was determined using purposive sampling method with a total of 28 companies that met the criteria. The sample was selected based on certain considerations or criteria, resulting in 31 companies. The method used is quantitative with a multiple linear regression approach using SPSS version 25. The testing stages in this study include descriptive statistics, classical assumption tests, and hypothesis testing both partially and simultaneously.

The results of this study indicate that partially, capital structure has no effect on company value, asset structure has no effect on company value, company growth has no effect on company value, financial performance has a significant effect on company value, and profitability has no effect on company value. However, simultaneously, the five independent variables have a significant effect on company value.