The Impact of EPS and DER on Company Value in the Food and Beverage Sector Listed on the Indonesia Stock Exchange: a Case Study of PT Unilever Indonesia Tbk (UNVR)

Abstract

This study aims to analyze the effect of Earning Per Share (EPS) and Debt to Equity Ratio (DER) on company value, as measured by Price to Book Value (PBV), at PT Unilever Indonesia Tbk listed on the Indonesia Stock Exchange. Using a quantitative approach through multiple linear regression methods, this study utilizes quarterly financial report data for the period 2017 to 2024. The results of the analysis show that neither EPS nor DER have a significant effect on the company's PBV. The t-test value for EPS was recorded at -1.243, while for DER it was 0.302. In addition, based on the multicollinearity test, no symptoms of a relationship between independent variables were found that interfered with the model. This finding indicates that although EPS and DER are important indicators in financial analysis, both do not have a significant effect on company value during the observation period. The results of this study contribute to investors and company management in understanding the factors that influence company value.