In the current era, investment activity is certainly an interesting thing because it can be used as passive income. In investing there must be a risk. The thing that is most feared is the risk of loss. To minimize future possibilities, investors can pay attention to the information in the company's financial statements. One of the benchmarks that can be used is by looking at the value of the company as reflected in its share price. This study aims to obtain empirical evidence on the effect of profitability, company size, and liquidity on company value moderated by dividend policy on banking companies listed on the Indonesia Stock Exchange in 2016–2020. The method in determining the sample in this study used purposive sampling, resulting in a total sample of 9 companies with a total sample of 45 years of observation. Data were carried out using multiple linear regression and Moderated Regression Analysis (MRA). The results showed that profitability had a significant positive effect on company value. Company size and liquidity have a negative and insignificant effect on company value. Dividend policy is not able to moderate the effect of profitability, company size, and liquidity on company value.