Multidiciplinary Output Research for Actual and International Issue (Morfai Journal)
Vol. 6 No. 4 (2026): Multidiciplinary Output Research For Actual and International Issue

THE EFFECT OF PROFITABILITY, LEVERAGE, AND COMPANY SIZE ON COMPANY VALUE IN ENERGY SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE

Mutia Zahra (Unknown)
Muslimin (Unknown)
Mohammad Nofal (Unknown)
Anisah (Unknown)

Article Info

Publish Date
27 Apr 2026

Abstract

This study aims to analyze the effect of profitability, leverage, and company size on the value of energy sector companies for the period 2022-2024. This study uses a quantitative method with a causal associative approach. The research sample consisted of 15 companies selected through purposive sampling, resulting in 45 data observations. The profitability variable is proxied by Return on Assets (ROA), leverage is proxied by Debt to Equity Ratio (DER), company size is proxied by Natural Logarithm (Ln Total Assets), and company value is proxied by Tobin's Q. Data analysis was performed using the EViews 12 program. The results show that profitability and leverage have a positive and significant effect on company value, while company size has no effect on company value.

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Journal Info
Multidiciplinary Output Research for Actual and International Issue (Morfai Journal)
Website

Abbrev

MORFAI

Publisher

CV. RADJA PUBLIKA

Subject

Religion Agriculture, Biological Sciences & Forestry Arts Humanities Chemical Engineering, Chemistry & Bioengineering Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Energy Engineering Environmental Science Health Professions Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Materials Science & Nanotechnology Social Sciences Other

Description

MORFAI This journal will publish research articles or studies that are multidisciplinary in nature, including: education, law, health, agriculture, engineering, energy, technology, and social science. This journal is dedicated to explore and socialize many creative and innovative thought who focus ...