This study uses a quantitative descriptive approach with a purposive sampling technique for collecting data. This research was conducted using the documentation method using annual financial statement data for companies listed on the Indonesia Stock Exchange in 2018-2020. The results of this study indicate that, (1) leverage (DER) has a negative effect on firm value (PER), this is indicated by a significant value of 0.007 which means it is smaller than = 0.05 with a coefficient value of -3.514. (2) activity (TATO) has no effect on firm value (PER), this is indicated by a significant value of 0.147 which means it is greater than = 0.05 with a coefficient value of 0.508. (3) profitability has a positive effect on firm value (PER), this is indicated by a significant value of 0.043 which is smaller than = 0.05 with a coefficient of 2.908.
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