The Effect of Debt Equity Ratio, Dividend Payout Ratio, and Profitability on the Firm Value

The purpose of this study is to explain and analyze the influence of Debt Equity Ratio (DER), Dividend Payout Ratio (DPR), profitability to the value of manufacturing companies on the Indonesia Stock Exchange. The population in this study are manufacturing companies that are listed and are still active on the Indonesia Stock Exchange (BEI) from 2016 to 2018, amounting to 138 companies. Sampling was done by purposive sampling method. Of these, there are 15 sample companies for 3 years that meet the established research sample criteria. The results of the study explain that Debt Equity Ratio (DER) has a positive and significant effect on firm value. Dividend Payout Ratio has a positive and significant effect on firm value. Dividend policy determines how much profit a shareholder will get. Profitability has a positive and significant effect on firm value, this shows that the higher the profitability (profitability), the higher the value of the company