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This study aims to analyze the effect of Return on Equity (ROE) on stock prices with Price to Book Value (PBV) as an intervening variable in companies listed on the Indonesia Stock Exchange (IDX). This study uses a quantitative approach with multiple linear regression methods. The sample consists of 64 company financial report data selected through purposive sampling technique. The results showed that ROE has no significant effect on stock prices, with a significance value of 0.511. In contrast, PBV has a positive and significant effect on stock prices, with a significance value of 0.002. Simultaneously, ROE and PBV have a significant effect on stock prices, as indicated by the significance value of the F test of 0.006. However, the R Square value of 0.155 indicates that this model is only able to explain 15.5% of the variation in stock prices, while the rest is influenced by other factors outside the model.  

The company’s value is evidence that the entity has tried to run the company’s operation well with maximum profit and is a useful indicator for investors and shareholders, as it describes the success of an entity that can be seen from the price of shares. From that understanding it was decided to testing and proving the significance of profitability (ROE), company size (SIZE), leverage (DER), and liquidity (CR) towards company’s value (PBV). This type of research is the entire property and real estate companies listed on the Indonesian Stock Exchange (IDX) and sampling using purposive sampling with the final sample of 90 surveys. Double linear regression for data analysis methods using the help of SPSS software. From this study obtained results and proved that profitability (ROE) and leverage (DER) have an influence towards company’s value. Whereas, company’s size (SIZE) and liquidity (CR) proved to have no influence towards company’s value.