ANALISIS PENGARUH ROE, DER, DAN CR TERHADAP NILAI PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PADA PERIODE 2022-2024

Abstract

This study aims to analyze the effect of Return on Equity (ROE), Debt to Equity Ratio (DER), and Current Ratio (CR) on firm value as proxied by Price to Book Value (PBV) in banking companies listed on the Indonesia Stock Exchange during the 2022–2024 period. This research is motivated by the post-pandemic conditions of the Indonesian banking sector, which faced pressures related to credit quality, profitability fluctuations, operational efficiency, and financial stability. The increasing financial risks and the dynamics of economic recovery highlight the importance of examining fundamental factors affecting banking firm value. This study employed a quantitative approach using multiple linear regression analysis. The population consisted of 47 banking companies listed on the Indonesia Stock Exchange during the 2022–2025 period. The sampling technique used purposive sampling, resulting in 39 companies with a total of 117 observations. The data used were secondary data obtained from annual financial reports published on the official Indonesia Stock Exchange website. Data analysis was conducted through classical assumption tests, coefficient of determination tests, simultaneous tests (F-test), and partial tests (t-test). The results indicate that ROE has a positive and significant effect on PBV, DER has a negative and significant effect on PBV, while CR does not have a significant effect on PBV. Simultaneously, ROE, DER, and CR significantly affect the firm value of banking companies. These findings imply that profitability and capital structure are the primary factors considered by investors in assessing banking companies.