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All Journal Escalate : Economics and Business Journal
Yutisa Telaumbanua
Program Studi Manajemen Fakultas Ekonomi Dan Bisnis Universitas Pamulang Tangerang Selatan
Economics, Econometrics & Finance

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The Effect of Leverage and Profitability on Company Value at PT Bank Sinarmas Tbk for the 2015-2024 Period Yutisa Telaumbanua; Dina Novita
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.820

Abstract

The development of the banking sector and fluctuations in company value encourage the importance of analyzing financial factors that influence market valuation of companies. This study aims to analyze the effect of leverage and profitability on company value at PT Bank Sinarmas Tbk for the period 2015–2024. The study uses a quantitative approach with a descriptive method. The study population is the annual financial statements of PT Bank Sinarmas Tbk for the period 2015–2024, with a sample of 10 reports selected using saturated sampling. The research instrument is documentary data obtained from annual financial statements and stock price data. Data analysis uses descriptive statistics, classical assumption tests, multiple linear regression, t-tests, F-tests, and coefficients of determination with EViews 12. The results show that DER has no significant effect on PBV with a significance value of 0.2847, while ROA has a positive and significant effect on PBV with a significance value of 0.0273. Simultaneously, DER and ROA have no significant effect on PBV with a significance value of 0.074004. In conclusion, profitability is a more relevant factor in explaining company value than leverage in the research object.
Co-Authors Dina Novita