EFFECT OF RETURN ON ASSETS AND DEBT TO EQUITY RATIO ON PRICE TO BOOK VALUE

This study aims to measure how much Retrun On Asset (ROA) and Debt To Equity Ratio (DER) effect Price To Book Value (PBV) in property and real estate sub-sector companies listed on the Indonesia Stock Exchange for the 2019-2023 period. This Study Uses a quantitative approach using secondary data in teh form of the company’s annual financial statements. The population in this study amounted to 29 companies, using purposive sampling method obtained 19 companies. The data analysis technique used in this study is panel data regression, classical assumption testing. Coefficient of determination and hypothesis testing using the t-test and f-test using Eviews 13. Based on partial testing, it shows that Return On Asset (ROA) has anegative effect on Price To Book Value (PBV) and Debt To Equity Ratio (DER) has positive effect on Price To Book Value (PBV), then for simultaneous testing it shows that Return On Asset (ROA) and Debt To Equity Ratio (DER) together have an effect on Price To Book Value (PBV). JEL Classification: L10, M41