<![CDATA[This study analyzes the factors that influence the Price Earnings Ratio of the 20 largest Islamic banks in the world from 11 different countries during the period 2019-2023. Using the panel data regression method, this study investigates the effect of Return on Equity, Return on Assets, Price to Book Value, Dividend Payout Ratio, Debt to Equity Ratio, and Bank Size on PER. The results show that PBV and DPR have a significant positive effect on PER, while ROE, ROA, DER, and SIZE do not show a significant effect. These findings highlight the importance of book value and dividend policy in investors' assessment of Islamic banks, as well as revealing the unique complexities in Islamic bank valuation that are not always in line with conventional finance theory. This study provides valuable insights for investors, analysts, and policymakers in understanding the dynamics of Islamic bank valuation in the global market, and emphasizes the need to consider non-financial factors such as sharia compliance in investment analysis.]]>
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