The purpose of this research is to prove empirically the profitability, leverage, liquidity, growth opportunity of firm value. This study uses secondary data. The object in this study is a manufacturing company listed on the Indonesia Stock Exchange (IDX) for the 2017-2019 period. This research was conducted with a sample of 225 manufacturing company data. The data collection technique used in this study was purposive sampling processed using the E-Views ver 10.0 program. The results of this study indicate that all independent variables simultaneously (F test) can predict cash holding. The t test results show that liquidity (CR) has a significant positive effect on firm value, while profitability (ROA), leverage (DER), and growth opportunity (TAGR) have no effect on firm value.
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