This study aimed to examine the effect of profitability, liquidity, and
leverage on firm value with dividen policy as a moderating variable. The samples
was selected used purposive sampling method. Based on the criteria there are 17
companies can be used as samples. This study used SmartPLS 3.2.9 for analyze
data. The data analysis technique used is an outer model with 3 (three) criteria,
namely convergent validity, discriminant validity, and reliability test as well as an
inner model test consisting of r-squares values and path coefficients. The analisys
test results show that profitability, liquidity, and leverage have no effect on firm
value. Dividen policy is able to moderate by strengthening the effect of
profitability on firm value, while dividend policy is unable to moderate the effect
of liquidity and leverage on firm value.