The purpose of this study was to examine the effect of audit committee, market risk and ownership structure toward market value. Population is all manufacturing companies listed on the Indonesia Stock Exchange during 2012-2016 periods, so the sample amounted to 130 samples obtained through purposive sampling method. After analized multiple linear regression, the result indicated that the variable of audit committee has significantly positive effect toward market value. while market risk, institutional ownership and managerial ownership does not effect toward market value.