This study aims to examine the the effects of conservatism accounting, capital structure, and dividend policy toward the firm value of food and beverage companies. This type of research is quantitative with population of food and beverage companies that are listed in Indonesia Stock Exchange during 2014-2018 Periods. The sample determination used purposive sampling method and obtained 14 food and beverage companies with 70 observational data. The analysis technique used is multiple linear regression analysis. The results showed that capital structure has a negative effect on firm value, while accounting conservatism and dividend policy have no effect on firm value. This research has implications on food and beverage companies with high capital structure which can reduce the value of the company. Meanwhile, food and beverage companies with high accounting conservatism and dividend policies have no guarantee on company value increasing. This research is expected to provide benefits to food and beverage companies to increase their firm value by looking at influenced factors.