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All Journal Menawan : Jurnal Riset dan Publikasi Ilmu Ekonomi
Indra Erwanto
Universitas Tanjungpura
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Pengaruh Ukuran Perusahaan, Pertumbuhan Penjualan, dan Laba Bersih terhadap Nilai Perusahaan pada Perusahaan Subsektor Tembakau di BEI Indra Erwanto; Haryono Haryono; Ira Grania Mustika
MENAWAN : Jurnal Riset dan Publikasi Ilmu Ekonomi Vol. 4 No. 5 (2026): September: MENAWAN: Jurnal Riset dan Publikasi Ilmu Ekonomi
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/menawan.v4i5.2566

Abstract

This study aims to examine the effects of firm size, sales growth, and net profit on firm value in cigarette companies listed on the Indonesia Stock Exchange during 2020–2025. Firm value is an important indicator for investors in evaluating a company’s performance and future prospects. This study employs a quantitative approach with an associative research design. The population consists of all cigarette companies listed on the Indonesia Stock Exchange, namely PT Gudang Garam Tbk, PT Hanjaya Mandala Sampoerna Tbk, PT Wismilak Inti Makmur Tbk, and PT Indonesian Tobacco Tbk. Saturated sampling was used, involving all companies in the population as the research sample. The study uses secondary data from annual financial reports for 2020–2025. Data analysis includes descriptive statistics, classical assumption tests, multiple linear regression, coefficient of determination, t-tests, and F-tests using IBM SPSS Statistics. The results show that firm size, sales growth, and net profit simultaneously affect firm value. Partially, firm size has a significant negative effect on firm value, while sales growth has no significant effect. Meanwhile, net profit has a significant positive effect on firm value. These findings indicate that investors in the cigarette industry place greater emphasis on a company’s ability to generate profits than on its size or sales growth.
Co-Authors Haryono Haryono Ira Grania Mustika