Musytari : Jurnal Manajemen, Akuntansi, dan Ekonomi

Vol. 24 No. 11 (2025): Musytari: Neraca Manajemen, Akuntasi, dan Ekonomi
Articles

PENGARUH RETURN ON ASSETS, NON-PERFORMING LOANS DAN LOAN DEPOSIT RATIO TERHADAP PRICE TO BOOK VALUE (STUDI EMPIRIS PADA SEKTOR PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2024

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  • Budi Setiawan,
  • Mia Laksmiwati
Budi Setiawan
Universitas Budi Luhur
Mia Laksmiwati
Universitas Budi Luhur

Published 2025-10-11

Keywords

  • Return on Assets,
  • Non-Performing Loans,
  • Loan to Deposit Ratio,
  • Price to Book Value,
  • Banking Sector

How to Cite

PENGARUH RETURN ON ASSETS, NON-PERFORMING LOANS DAN LOAN DEPOSIT RATIO TERHADAP PRICE TO BOOK VALUE (STUDI EMPIRIS PADA SEKTOR PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2024. (2025). Musytari : Jurnal Manajemen, Akuntansi, Dan Ekonomi, 24(11), 361-370. https://doi.org/10.5281/zenodo.17319629

Abstract

This study aims to analyze the effect of Return on Assets (ROA), Non-Performing Loans (NPL), and Loan to Deposit Ratio (LDR) on Price to Book Value (PBV) in the banking sector listed on the Indonesia Stock Exchange (IDX) during the 2020-2024 period. This period was chosen to reflect the dynamics of banking performance amidst the COVID-19 pandemic and economic recovery. The research method used is quantitative with a comparative approach. The study population includes all banks listed on the IDX and the sample was selected using a purposive sampling technique, resulting in 9 banks that meet the criteria. Secondary data in the form of annual financial reports and stock price data were obtained from the official IDX website. Data analysis was performed using panel data regression with the help of SPSS software, after undergoing classical assumption tests (normality, multicollinearity, heteroscedasticity, and autocorrelation). The results show that Return on Assets has no significant effect on Price to Book Value. Non-Performing Loans have a negative and significant effect on Price to Book Value. Loan to Deposit Ratio has a negative and significant effect on Price to Book Value. The managerial implication of this study is the importance of prudent management of Non-Performing Loans credit risk and Loan to Deposit Ratio liquidity as the key to increasing company value in the eyes of investors. For investors, Non-Performing Loans and Loan to Deposit Ratio indicators need special attention in addition to profitability.

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