PENGARUH PRICE EARNINGS RATIO, QUICK RATIO, DAN DEBT TO EQUITY RATIO TERHADAP NILAI PERUSAHAAN DENGAN RETURN ON EQUITY SEBAGAI VARIABEL

Abstract

The firm value is an assessment made by investors of a company through various aspects as considerations in making investments. This research was conducted to know the effect of Price Earnings Ratio, Quick Ratio, and Debt To Equity Ratio on firm value with Return On Equity as a moderating variable in manufacturing companies listed on the Indonesia Stock Exchange in 2018-2020. The purposive sampling method was used in determining the research sample and obtained 66 samples that met the criteria from 208 companies to make observations. The analytical technique used in this research is Moderated Regression Analysis. This study resulted that the variable Price Earnings Ratio, Quick Ratio, Debt To Equity Ratio, and Return On Equity to firm value. Return on Equity significantly weakens the influence of the Debt To Equity Ratio on firm value, and significantly strengthens the effect of Price Earnings Ratio and Quick Ratio on firm value. The results of the coefficient of determination test showed that the independent variable, moderating variable, and the interaction of the two variables were able to explain the dependent variable by 95,9%, while the remaining 4,1% was explained by other variables not explained in this study.