This study aims to analyze and prove empirically the effect of investment decisions, funding decisions and dividend policies on firm value proxied by PBV (Price to Book Value). The independent variables in this study are investment decisions, funding decisions and dividend policies, while the dependent variable is firm value (PBV). The population in this study are Go Public BUMN companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2021 period. The sampling technique used was purposive sampling and 68 samples were obtained that met the criteria. The data analysis technique used is multiple linear regression. The results of this study indicate that the investment decision variables and dividend policy have a positive effect on firm value. Meanwhile, the funding decision variable has no effect on firm value. Based on the test results of the adjusted R2 coefficient of determination, it shows that the influence of investment decisions, funding decisions and dividend policies on firm value is 31%, while the remaining 69% is influenced by other variables not examined in this study.