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The Effect Of Debt To Equity Ratio, Current Ratio, And Firm Size On Price To Book Value

Ayi Achmad, Saefudin and Dicky Leumardi, Pratama and Agung, Yulianto (2025) The Effect Of Debt To Equity Ratio, Current Ratio, And Firm Size On Price To Book Value. International Journal of Economics, Business and Innovation Research (IJEBIR), 4 (2). pp. 405-149. ISSN 2964-08665

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Abstract

The price-to-book ratio is a metric utilized to assess if a stock is overvalued or undervalued in comparison to other equities. This study aims to determine how the influence of Debt to Equity Ratio, Current Ratio, and Firm Size on Price to Book Value. This study uses secondary data obtained from the company's annual report accessed through www.idx.co.id and the company's official website. This study examined 13 automotive sub-sector companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2023. The sample selection method in this study was purposive sampling, namely the samples used in this study had to meet the sample criteria and obtained 6 companies that were sampled with an observation period of 6 (six) years so that 36 samples were obtained in this study. The data analysis methods used in this study are descriptive statistics, classical assumption tests, multiple regression analysis, hypothesis testing, and the coefficient of determination. The findings of this study demonstrate that the Debt to Equity Ratio and Current Ratio do not influence Price to Book Value, however Firm Size does impact Price to Book Value.

Item Type: Article
Subjects: J Economics and Business > JA Accounting (General)
Divisions: Fakultas Ekonomi dan Bisnis > Akuntansi
Depositing User: ayi ayi achmad saefudin
Date Deposited: 28 Nov 2025 02:26
Last Modified: 28 Nov 2025 02:26
URI: https://eprints.ugj.ac.id/id/eprint/2927

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