This study aims to determine Effect of Financial Performance on Firm Value. The Financial
Performance measured by using CAR (capital adequacy ratio), NPL (non perfoming loan), NIM
(net interest margin), BOPO and LDR (loan to deposit ratio). Meanwhile, the Firm Value measured
by using (PBV) Price to book value. This study used secondary data with the sample comprising
banking companies listed in the Indonesia Stock Exchange (BEI) in 2018-2020 by using purposive
sampling method. There were 25 commercial nanks that qualified as research samples. Analysis
technique used is a classic assumption test covering normality test, mulicolinierity test,
heterocedastisity test and autocorrelation test. Other tests are multiple linier regression and
hypothesis test using t-statistic and test use f-statistic to test partial regression coefficient in level of
significance 5%. The results of this research showed that using CAR (capital adequacy ratio), NPL
(non perfoming loan), NIM (net interest margin), BOPO and LDR (loan to deposit ratio) has
significantly positive effects toward PBV (price to book value).
Keywords: CAR, NPL, NIM, BOPO, LDR, PBV