Abstract :
This study aims to examine the effect of return on equity, gross profit margin,and net profit margin on price to book value. The population of this study is
manufacturing companies listed on the Indonesia Stock Exchange (IDX). The sampling method used was purposive sampling. The sample studied was 417 consisting of 139 manufacturing companies listed on the Indonesia Stock Exchange with an observation period of 3 years (2016-2018). Data analysis techniques used the partial test method (t test), the coefficient of determination analysis test (R2), and the simultaneous test (F test). The results of this study partially show that return on equity, gross profit margin, and net profit margin
have a significant effect on price to book value, meaning that the higher the return on equity, the higher the price to book value, the more gross profit margin the higher the price to book value and the higher the net profit margin the higher the price to book value. Simultaneously, these three variables have a significant effect on price to book value.