Pengaruh Debt To Asset Ratio dan Debt To Equity Ratio Terhadap Price To Book Value pada PT Tiga Pilar Sejahtera Food Tbk Periode 2012-2024

Ananda Meylani Puteri ; Tri Sulistyani
Maeswara : Jurnal Riset Ilmu Manajemen dan Kewirau... 📅 2026 Vol 4, No 1 🔗 DOI: 10.61132/maeswara.v4i1.2500
Abstract
This study aims to analyze the effect of Debt to Asset Ratio and Debt to Equity Ratio on Price to Book Value at PT Tiga Pilar Sejahtera Food Tbk for the period 2012 2024. The phenomenon of debt ratio fluctuations, negative DER in several years, and significant changes in PBV are important bases for conducting this study. The research method used is a quantitative method with a descriptive and associative approach. The data analyzed are secondary data in the form of the company's annual financial reports. Data analysis techniques include classical assumption tests, multiple linear regression analysis, t-tests, F-tests, and coefficients of determination (R²). The results of the study indicate that Debt to Asset Ratio (DAR) has a negative and significant effect on Price to Book Value (PBV). Debt to Equity Ratio (DER) is also proven to have a negative and significant effect on Price to Book Value (PBV). Simultaneously, the Debt-to-Asset Ratio and Debt-to-Equity Ratio significantly influence Price-to-Book Value (P/BV), with a coefficient of determination of 67.3%. This means that the DAR and DER variables explain 67.3% of the variation in company value, with the remainder influenced by other factors outside the study.
Keywords
Banking Industry; DAR; DER; PBV; Work Motivation
How to Cite

Ananda Meylani Puteri & Tri Sulistyani (2026). Pengaruh Debt To Asset Ratio dan Debt To Equity Ratio Terhadap Price To Book Value pada PT Tiga Pilar Sejahtera Food Tbk Periode 2012-2024. Maeswara : Jurnal Riset Ilmu Manajemen dan Kewirausahaan, 4(1). https://doi.org/10.61132/maeswara.v4i1.2500

Ananda Meylani Puteri; Tri Sulistyani, "Pengaruh Debt To Asset Ratio dan Debt To Equity Ratio Terhadap Price To Book Value pada PT Tiga Pilar Sejahtera Food Tbk Periode 2012-2024," Maeswara : Jurnal Riset Ilmu Manajemen dan Kewirausahaan, vol. 4, no. 1, 2026.

Ananda Meylani Puteri; Tri Sulistyani. "Pengaruh Debt To Asset Ratio dan Debt To Equity Ratio Terhadap Price To Book Value pada PT Tiga Pilar Sejahtera Food Tbk Periode 2012-2024." Maeswara : Jurnal Riset Ilmu Manajemen dan Kewirausahaan, vol. 4, no. 1, 2026.

Ananda Meylani Puteri; Tri Sulistyani. "Pengaruh Debt To Asset Ratio dan Debt To Equity Ratio Terhadap Price To Book Value pada PT Tiga Pilar Sejahtera Food Tbk Periode 2012-2024." Maeswara : Jurnal Riset Ilmu Manajemen dan Kewirausahaan 4, no. 1 (2026).

Ananda Meylani Puteri & Tri Sulistyani (2026) 'Pengaruh Debt To Asset Ratio dan Debt To Equity Ratio Terhadap Price To Book Value pada PT Tiga Pilar Sejahtera Food Tbk Periode 2012-2024', Maeswara : Jurnal Riset Ilmu Manajemen dan Kewirausahaan, 4(1). doi: 10.61132/maeswara.v4i1.2500.

Ananda Meylani Puteri; Tri Sulistyani. Pengaruh Debt To Asset Ratio dan Debt To Equity Ratio Terhadap Price To Book Value pada PT Tiga Pilar Sejahtera Food Tbk Periode 2012-2024. Maeswara : Jurnal Riset Ilmu Manajemen dan Kewirausahaan. 2026;4(1).

Artikel Terkait

Pengaruh Good Corporate Governance (GCG), Ukuran Perusahaan, dan Pertumbuhan Penjualan terhadap Kinerja Keuangan ada PT Ace Hardware Indonesia yang Terdaftar di BEI Periode 2015-2024

Akbarudin Akbarudin; Mohamad Safii

Pengaruh Harga dan E-Service Quality terhadap E-Satisfaction di Toko Ninetech pada Marketplace Shopee

Galang Hildan; Arief Budiyanto

Analisis Korelasi Rasio Likuiditas, Leverage, Aktivitas, dan Profitabilitas terhadap Harga Saham PT Astrindo Nusantara Infrastruktur Tbk (BIPI) Periode 2015-2024

Yescenia Sigiro; Suriyani Br Ginting; Eki Monalisa Br Surbakti; Yulce Ketrina Karubuy; David Christian Silitonga; Pertiwi Sirait

Pengaruh Kualitas Produk dan Brand Image Terhadap Keputusan Pembelian Sepeda Roadbike Pada Konsumen Toko Bike Republic Medan

Billy Hafiz Yazid; Ihsan Effendi; Syafrida Hafni Sahir

Peran Relationship Marketing, Kualitas Pelayanan, dan Brand Attachment terhadap Loyalitas Anggota Koperasi Kredit Usaha Sejahtera di Cengkareng, Jakarta Barat

Alouisius Freddy Kurnia Sandy; Yugi Setyarko

Analisis Lingkungan Kerja dalam Meningkatkan Produktivitas Kerja Karyawan PT. Harmoni Reka Cipta Tangerang Selatan

Yasikha Wardhani Putri Aulia; Pusporini Palupi Jamaludin
Tren Sitasi Jurnal