Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal TOFEDU: The Future of Education Journal
Defa Irodat Alam
Universitas Pamulang
Education Languange, Linguistic, Communication & Media Mathematics Other

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
The Effect of Profitability and Leverage on Firm Value in the Processed Foods Sub-Sector Listed on the Indonesia Stock Exchange (IDX) During 2021–2025 Defa Irodat Alam; Hafid Dasuki; Rino Andriansyah; Resinalsal Hamonangan G; Iin Rosini
The Future of Education Journal Vol 5 No 3 (2026): 2
Publisher : Lembaga Penerbitan dan Publikasi Ilmiah Yayasan Pendidikan Tumpuan Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61445/4ddfyy40

Abstract

This study aims to analyze the effects of profitability, measured by Return on Assets (ROA), and leverage, measured by the Debt-to-Equity Ratio (DER), on firm value, measured by Price-to-Book Value (PBV), among companies in the processed foods subsector listed on the Indonesia Stock Exchange (IDX) during the 2021–2025 period. This study employs a quantitative approach using multiple linear regression analysis. The population consists of 29 companies, from which 19 companies were selected through purposive sampling. Over the five-year observation period, a total of 95 observations were obtained. The simultaneous test results indicate that ROA and DER jointly have a significant effect on firm value. However, the partial test results show that ROA does not have a statistically significant effect on PBV, indicating that annual profitability alone may not be a decisive factor in shaping market perceptions. In contrast, DER has a positive and statistically significant effect on PBV, suggesting that the productive use of debt financing may send a positive signal to investors and enhance market valuation. The findings highlight the importance of optimizing financing structure efficiency as a strategic measure for management to increase firm value.
Co-Authors Hafid Dasuki Iin Rosini Resinalsal Hamonangan G Rino Andriansyah