The Influence of Liquidity, Leverage, and Profitability on Company Value in the Transportation and Logistics Sector for the Period 2020-2023

This research aims to determine the influence of liquidity, leverage, and profitability both partially and simultaneously on company value. The theoretical foundation of this research is Agency Theory and Signaling Theory. This study is quantitative, examining 12 companies in the transportation and logistics sector listed on the Indonesia Stock Exchange during the period 2020-2023, using secondary data obtained from the companies' financial statements. The sampling technique used in this research is purposive sampling. Based on predetermined criteria, 48 research samples were identified. Data analysis was conducted using descriptive statistical analysis, classical assumption tests, and multiple linear regression. The tools used in this study are SPSS version 21. The variables analyzed include liquidity measured by Current Ratio (CR), leverage measured by Debt to Equity Ratio (DER), profitability measured by Return On Assets (ROA), and company value measured by Price to Book Value (PBV). The partial test results indicate that liquidity has no significant effect, leverage has a significant positive effect, and profitability has a significant negative effect on company value. The simultaneous test results show that liquidity, leverage, and profitability have a significant positive effect on company value.