This study aims to analyze the effect of financial performance proxied by profitability, liquidity, and leverage on firm value in mining companies listed on the Indonesia Stock Exchange during the 2020–2024 period. This study employed a quantitative approach with an associative research design. The sample was selected using purposive sampling, resulting in 10 mining companies with a total of 50 observations. The data used were secondary data obtained from annual financial statements and stock price data. The data were analyzed using multiple linear regression with the assistance of SPSS. The results show that profitability has a positive and significant effect on firm value, while liquidity and leverage do not have a significant effect on firm value. Simultaneously, profitability, liquidity, and leverage have a significant effect on firm value. These findings indicate that investors in the mining sector place greater emphasis on the company’s ability to generate profits rather than on liquidity conditions and capital structure.
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