Pengaruh Profitabilitas Terhadap Nilai Perusahaan Dan Kebijakan Hutang Sebagai Variabel Moderasi Pada Perusahaan Sektor Kesehatan Yang Terdaftar Di Bursa Efek Indonesia Periode 2018-2022

This study aims to test and analyze the effect of profitability on firm value in health sector companies
listed on the Indonesia Stock Exchange for the period 2018-2022 and also to test and analyze debt policy
significantly moderates the effect of profitability on firm value. The population in this study are health
sector companies listed on the Indonesia Stock Exchange from 2018 to 2022. The data used in this study
are secondary data in the form of financial information derived from financial reports and annual reports.
There are 9 samples that have previously been selected using purposive sampling method with a total of
45 data. This research data is processed using WarpPLS software. The results of data analysis, the variables
used include the dependent variable is the firm value PBV (Price to Book Value), the independent variable
is profitability using the ROA (Return On Asset) ratio and the debt policy moderation variable using the
DER (Debt to Equity Ratio) ratio. The results showed that profitability has a positive and significant effect
on firm value, and also debt policy cannot moderate the effect of profitability on firm value. The results
of this study will provide a valuable explanation of the correlation between variables and will provide
relevant views to regulators in order to increase public confidence in the reliability of financial reporting.