<![CDATA[This study analyzes the influence of Debt to Equity Ratio (DER), Total Assets (TA), and Return on Assets (ROA) on Price to Book Value (PBV) in Shariah-compliant companies listed on the Indonesia Stock Exchange during the 2020-2023 period. The background of this research is the critical need to understand the factors affecting PBV in the context of post-COVID-19 economic recovery. The study employs panel data regression analysis, which enables the identification of relationships between these financial variables and the market valuation of Shariah-compliant companies. The findings indicate that DER and TA have a significant negative impact on PBV, whereas ROA has a significant positive effect. These results underscore the importance of prudent management of leverage and asset structure in Shariah-compliant companies to mitigate risk perception among investors, while strong profitability can enhance corporate valuation. The novelty of this study lies in its focus on Shariah-compliant companies in the post-pandemic environment, providing insights for investors and policymakers in formulating more sustainable investment strategies.]]>
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