NILAI PERUSAHAAN BERDASARKAN PRICE EARNING RATIO (PER) DAN GOOD CORPORATE GOVERNANCE (GCG)

The purpose of this study was to determine whether there is an effect of Price Earnings Ratio (PER) and Good Corporate Governance (GCG) with proxies (audit committee, independent commissioners, institutional ownership and managerial ownership) on firm value. This study uses a descriptive method with a population of 174 companies on the Indonesia Stock Exchange for the period 2016-2018. The sampling method used was purposive sampling technique. The data analysis technique used in this study is multiple linear regression analysis. The results of this study indicate that the variable Price Earning Ratio (PER) partially affects firm value and the variable Good Corporate Governance (GCG) proxied by the audit committee, independent commissioners, institutional ownership and managerial ownership have no partial effect on the value of manufacturing companies listed on the Indonesia Stock Exchange. Conclusion, based on PER analysis, the better the quality of the Investment Opportunity Set (IOS) will always be followed by an increase in company value. Meanwhile, the better the quality of GCG is not always followed by an increase in company value.