<![CDATA[The purpose of this study is to examine the relationship between financial performance and capital structure on firm value, while also using firm size as a moderator, among textile and garment companies listed on the Indonesia Stock Exchange (IDX) for the period 2020–2025. Financial performance and capital structure in this study are measured using ROA and DER, while PBV is used to measure firm value. The research method employed is quantitative and utilizes secondary data. The sample was selected using purposive sampling, resulting in 9 companies over a 6-year observation period. The software used in this study was Eviews 13 with data analysis techniques including panel data regression, and the Common Effects Model (CEM) was used to test the research hypotheses. The results revealed that financial performance significantly influences firm value with a significance level of 0.0451; conversely, capital structure does not significantly influence firm value with a significance level of 0.8713. Firm size moderates the effect of financial performance on firm value with a significance level of 0.0000, while firm size does not moderate the effect of capital structure on firm value with a significance level of 0.5220. This study contributes information regarding financial ratios in assessing financial performance and capital structure in explaining firm value, as well as the role of firm size in the textile and garment industry.]]>
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