Ekopedia: Jurnal Ilmiah Ekonomi
Vol. 1 No. 4 (2025): OKTOBER-DESEMBER

Pengaruh Ukuran Perusahaan, Harga Saham dan Return On Asset Terhadap Price to Book Value pada Perusahaan Pertambangan yang Terdaftar  Di Bursa Efek Indonesia Priode 2020-2024

Isma Isalahul Mustaqim (Unknown)



Article Info

Publish Date
04 Dec 2025

Abstract

This study aims to analyze the effect of Firm Size (FIRMSIZE), Return On Asset (ROA), and Stock Price (SAHAM) on Price Book Value (PBV) in mining companies listed on the Indonesia Stock Exchange (IDX) for the period 2020–2024. The method used is panel regression with a random effects approach. The results show that, partially, Company Size has a significant negative effect on PBV, ROA has no significant effect, and Stock Price has a significant positive effect on PBV. Simultaneously, all three variables have a significant effect on PBV with a calculated F-value > F-table and a probability < 0.05. The coefficient of determination (R-squared) of 0.373670 indicates that 37.3670% of PBV variation can be explained by FIRMSIZE, ROA, and STOCK, while the remaining 62.6330% is influenced by other factors not examined in this study. The results of this study are expected to serve as a reference for investors and company management in understanding the factors that influence company valuation in the capital market.

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Journal Info

Abbrev

ekopedia

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ilmiah Ekonomi yang diterbitkan oleh Lembaga Indo Publishing. berupa hasil-hasil penelitian di bidang Ekonomi Murni, Kependidikan Ekonomi, Manajemen, Bisnis Digital, Kewirausahaan, Akuntansi, Perbankan, Ekonomi Islam dan bidang lainnya yang relevan dengan ekonomi yang belum pernah ...