Investasi : Inovasi Jurnal Ekonomi Dan Akuntansi
Vol. 4 No. 2 (2026): Artikel Penelitian

Pengukuran Kinerja Keuangan PT Telkom Indonesia (Persero) Tbk Menggunakan Economic Value Added (EVA), Market Value Added (MVA), dan Financial Value Added (FVA)

Mulatsih (Universitas Gunadarma)
Arif Hartanto (Universitas Gunadarma)



Article Info

Publish Date
17 Jul 2026

Abstract

This study aims to analyze the financial performance of PT Telkom Indonesia (Persero) Tbk for the 2022–2024 period using the Economic Value Added (EVA), Market Value Added (MVA), and Financial Value Added (FVA) methods. The study employs a quantitative descriptive approach utilizing secondary data obtained from the company's annual financial reports. The results indicate that PT Telkom Indonesia (Persero) Tbk consistently generated positive EVA, MVA, and FVA values ??throughout the study period. A positive EVA value demonstrates the company's ability to generate operating profit exceeding the cost of capital employed. A positive MVA value reflects that the company's market value exceeds its book value of equity, indicating the creation of value for shareholders. Furthermore, a positive FVA value indicates the company's ability to generate financial value added after accounting for the cost of capital and economic depreciation. Despite fluctuations observed during the study period, the company demonstrated strong and stable overall financial performance, successfully creating economic and financial value for investors.

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Journal Info

Abbrev

investasi

Publisher

Subject

Economics, Econometrics & Finance Education Library & Information Science

Description

Inovasi Jurnal Ekonomi dan Akuntansi (INVESTASI) merupakan jurnal diterbitkan oleh SoraTekno Publisher dan menjadi media bagi para peneliti, praktisi dan dosen yang akan mempublikasikan hasil penelitiannya. Tujuan Jurnal ini adalah untuk memfasilitasi publikasi ilmiah hasil-hasil penelitian di ...