The Effect of Return on Asset (ROA) and Return on Equity (ROE) on Company Value in Cigarette Companies Listed on the Indonesia Stock Exchange in 2021 – 2023

Authors

  • Anggi Usmayantin Nurpratiwi universitas sebelas april sumedang
  • Ayu Ernawati universitas sebelas april sumedang
  • Maulani Latifah universitas sebelas april sumedang
  • Mila Nurmala universitas sebelas april sumedang
  • Nisriina Syakiran universitas sebelas april sumedang
  • Silvi Surya Anggraeni universitas sebelas april sumedang

Keywords:

Retrun On Asset, Return On Equity, Company Value

Abstract

The purpose of this study is to determine how ROA and ROE affect the value of the company. The subject of this quantitative research is a cigarette company listed on the Indonesia Stock Exchange from 2021 to 2023. Four observational data were collected after the purposive sampling method was used to select the study sample. Data from the Annual Report was used in this study. This data was tested by multiple linear regression. The results of the study showed that ROA and ROE partially did not affect the company's value.

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Published

2025-04-26

How to Cite

Nurpratiwi, A. U., Ernawati , A., Latifah, M., Nurmala , M., Nisriina , N., & Anggraeni, S. S. (2025). The Effect of Return on Asset (ROA) and Return on Equity (ROE) on Company Value in Cigarette Companies Listed on the Indonesia Stock Exchange in 2021 – 2023. Journal of Business, Accounting and Finance, 7(1), 57–64. Retrieved from https://ejournal.lppmunsap.org/index.php/job/article/view/1776

Issue

Vol. 7 No. 1 (2025): Journal Of Bisiness, Accounting & Finance

Section

Articles