Jurnal Ekonomi dan Bisnis GROWTH (JEBG)
Vol 23 No 1 (2025): MEI

A Analysis of Price to Book Value Determinants: The Role of ROE, DER, and Firm Size in the BEI Miscellaneous Industry Sector (2020-2024)

W, Dwi Perwitasari (Unknown)
Sibarani, Elisabeth Fransiska (Unknown)
Arifin, Salahuddin Rijal (Unknown)

Article Info

Publish Date
13 Jun 2025

Abstract

This study reveals that return on equity (ROE) significantly increases price to book value (PBV), while debt to equity ratio (DER) and firm size do not show a significant effect. A comprehensive analysis proves that these three factors together influence company valuation, with profitability emerging as the main determining factor. These findings reinforce the importance of financial performance in market valuation, while capital structure and operational scale show a more limited impact. Keywords: return on equity, debt to equity rasio, firm size, price to book value

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Journal Info
Jurnal Ekonomi dan Bisnis GROWTH (JEBG)
Website

Abbrev

growth-journal

Publisher

Universitas Abdurachman Saleh Situbondo

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi dan Binsin Growth (JEBG) Fakultas Ekonomi Universitas Abdurachman Saleh Situbondo adalah jurnal yang ditujukan sebagai jembatan antara ilmu dan praktek manajemen. JBEG mempublikasikan artikel baik berupa telaah pustaka maupun hasil penelitian empiris. JEBG menerima naskah dari ...