Penelitian ini bertujuan untuk menguji pengaruh state ownership, firm size, firm age, leverage, investment, capital intensy dan liquidity terhadap market to book value ratio pada perusahaan bumn yang terdaftar di bursa efek indonesia. pendekatan ini menggunakan pendekatan inferensial. teknik pengambilan data menggunakan purposive sampling. analisis data menggunakan metode regresi linier berganda dan uji hipotesis menggunakan alat bantu software spss versi 25. hasil penelitian menunjukkan: 1) state ownership dan investment berpengaruh negatif namun tidak signifikan terhadap market to book value ratio. 2) firm size, leverage dan capital intensy berpengaruh positif dan signifikan terhadap market to book value ratio. 3). firm age dan liquidity berpengaruh positif namun tidak signifikan terhadap market to book value ratio.

This study aimed to examine the effect of state ownership, firm size, firm age, leverage, investment, capital intensity and liquidity on the market to book value ratio in state-owned enterprises (soe) listed on indonesia stock exchange. this research used an inferential approach. the data collection technique used purposive sampling. data analysis used multiple linear regression method and hypothesis testing using spss software version 25. the results showed that: (1) state ownership and investment had a negative effect but not significant on the market to book value ratio, (2) firm size, leverage and capital intensity had a positive and significant effect on market to book value ratio, (3). firm age and liquidity had a positive but not significant effect on market to book value ratio.