Pengaruh Current Ratio (CR), Debt to Equity Ratio (DER), Total Asset Turnover (TATO), dan Return on Assets (ROA) terhadap Nilai Perusahaan (PBV) pada Perusahaan Makanan dan Minuman di BEI Periode 2021–2025

Fitri Asma'ul Husnah (Universitas Budi Luhur)
Dicky Arisudhana (Universitas Budi Luhur)

Jurnal Ilmiah Manajemen dan Akuntansi
Vol. 3 No. 5 (2026): September: Jurnal Ilmiah Manajemen dan Akuntansi

This research empirically examines the correlations of Current Ratio (CR), Debt to Equity Ratio (DER), Total Asset Turnover (TATO), and Return on Assets (ROA) with Firm Value in Indonesia Stock Exchange-listed food and beverage manufacturers for 2021–2025. The research uses secondary data from business financial filings to quantify. The study population includes 103 Indonesia Stock Exchange-listed food and beverage manufacturers. Purposive sampling was used to choose samples depending on study aims. After selection, 37 firms satisfied research requirements. Multiple linear regression was used in SPSS version 19 to analyze data. Partial test findings show that DER and ROA positively and significantly affect Firm Value. In contrast, CR and TATO do not influence Firm Value. These results imply that a company's finance structure and asset utilization capacity are important in its value.