Pengaruh Current Ratio (CR), Debt To Equity Ratio (DER) Dan Return On Assets (ROA) Terhadap Price To Book Value (PBV) Pada Perusahaan Yang Terdaftar Di Jakarta Islamic Index 70 Periode 2018-2024
DOI:
https://doi.org/10.31004/joecy.v6i1.8164Keywords:
Current Ratio, Debt to Equity Ratio, Return on Assets, Price to Book Value, Jakarta Islamic Index 70Abstract
Penilaian nilai perusahaan menjadi isu strategis bagi investor, khususnya pada pasar modal syariah yang menekankan prinsip kehati-hatian dan kinerja fundamental. Salah satu indikator yang banyak digunakan untuk mengukur nilai perusahaan adalah Price to Book Value (PBV), yang mencerminkan persepsi pasar terhadap kemampuan perusahaan dalam menciptakan nilai. Variasi PBV pada perusahaan yang tergabung dalam Jakarta Islamic Index 70 (JII 70) selama periode 2018–2024 menunjukkan adanya perbedaan kinerja keuangan yang berpotensi dipengaruhi oleh kondisi likuiditas, struktur modal, dan profitabilitas. Penelitian ini bertujuan untuk menganalisis pengaruh Current Ratio (CR), Debt to Equity Ratio (DER), dan Return on Assets (ROA) terhadap Price to Book Value (PBV) pada perusahaan yang terdaftar di JII 70 periode 2018–2024. Metode penelitian yang digunakan adalah pendekatan kuantitatif dengan data sekunder berupa laporan keuangan tahunan perusahaan, yang dianalisis menggunakan regresi linear berganda. Hasil penelitian secara umum menunjukkan bahwa CR, DER, dan ROA memiliki pengaruh terhadap PBV, baik secara parsial maupun simultan. Temuan ini mengindikasikan bahwa kemampuan perusahaan dalam mengelola likuiditas, struktur pendanaan, serta efektivitas penggunaan aset berperan penting dalam membentuk persepsi pasar terhadap nilai perusahaan. Kesimpulan penelitian menegaskan bahwa kinerja keuangan berbasis rasio fundamental tetap menjadi faktor utama dalam meningkatkan nilai perusahaan syariah, sehingga dapat menjadi pertimbangan penting bagi investor dan manajemen dalam pengambilan keputusan strategis.
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