<![CDATA[This study aims to analyze the effects of profitability, liquidity, and solvency on firm value and to examine the role of firm size as a moderating variable among energy sector companies listed on the Indonesia Stock Exchange (IDX). The study population consists of 29 energy sector companies with a total of 87 observations over the 2022–2024 observation period. The analytical methods used are panel data regression and Moderated Regression Analysis (MRA) to test the relationships among variables and the moderating effects. The results indicate that profitability (ROE) has a positive and significant effect on firm value (PBV), while liquidity (CR) and solvency (DER) do not have a significant effect. The moderation test proves that firm size is only able to moderate the effect of profitability on firm value, but does not moderate the effects of liquidity or solvency. The conclusion of this study confirms that profitability is the main factor considered by investors in evaluating energy sector firms, while liquidity and solvency are not yet significant considerations without being supported by good profit performance.]]>
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