The value of companies in the consumer
goods sector listed on the IDX in the 2015-2018 period
tends to fluctuate. Company value can reflect the
prosperity of a company. The value of the company is
also a consideration for investors to invest. One
indicator used to measure the high and low values of a
company is to look at the company's Price to Book
Value (PBV). By analyzing a company's financial
statements, it can be seen whether the company has a
high or low investment value. The financial ratios
reflected in the financial statements are thought to
affect the value of the company. This study intends to
examine the effect of Debt Equity Ratio (DER), Return
on Assets (ROA), Current Ratio (CR), and Asset
Growth on Price to Book Value (PBV). The sampling
technique used purposive sampling and obtained a
sample of 20 consumer goods sector companies listed on
the Indonesia Stock Exchange in the 2015-2018 period.
The research method uses panel data regression
analysis. From the results of the study concluded that
DER, ROA, and Asset Growth had a positive and
significant effect on PBV, whereas CR had a negative
and not significant effect on PBV.
Keywords : Company value, Price to Book Value (PBV), Debt to Equity Ratio (DER), Return on Assets (ROA), Current Ratio (CR), Asset Growth.