BUDGETING : Journal of Business, Management and Accounting Volume 2, Nomor 1, Desember 2020 e-ISSN: 2715-2480 p-ISSN: 2715-1913 DOI : https://doi.org/10.31539/budgeting.v2i1.1226 155 NILAI PERUSAHAAN BERDASARKAN PRICE EARNING RATIO (PER) DAN GOOD CORPORATE GOVERNANCE (GCG) Moh. Firman Ardiansyah 1 ,Norita Citra Yuliati 2 , Rendy Mirwan Aspirandi 3 Universitas Muhammadiyah Jember 1,2,3 pejalankakihitammanis@gmail.com 1 ABSTRAK Tujuan dari penelitian ini adalah untuk mengetahui apakah terdapat pengaruh Price Earnings Ratio (PER) dan Good Corporate Governance (GCG) dengan proksi (komite audit, komisaris independen, kepemilikan institusional dan kepemilikan manajerial) terhadap nilai perusahaan. Penelitian ini menggunakan metode deskriptif dengan jumlah populasi yang diamati sebanyak 174 perusahaan di Bursa Efek Indonesia periode 2016- 2018. Metode pengambilan sampel yang digunakan adalah teknik purposive sampling. Teknik analisis data yang digunakan dalam penelitian ini adalah analisis regresi linier berganda. Hasil penelitian ini menunjukkan bahwa variabel Price Earning Ratio (PER) secara parsial berpengaruh terhadap nilai perusahaan dan variabel Good Corporate Governance (GCG) yang diproksikan oleh komite audit, komisaris independen, kepemilikan institusional dan kepemilikan manajerial tidak berpengaruh secara parsial terhadap nilai perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Simpulan, berdasarkan analisis PER, semakin baik kualitas Investment Opportunity Set (IOS) akan selalu diikuti dengan kenaikan nilai perusahaan. Sedangkan semakin baik kualitas GCG tidak selalu diikuti dengan kenaikan nilai perusahaan. Kata Kunci: Good Corporate Governance, Nilai Perusahaan, Price Earning Ratio ABSTRACT The purpose of this study was to determine whether there is an effect of Price Earnings Ratio (PER) and Good Corporate Governance (GCG) with proxies (audit committee, independent commissioners, institutional ownership and managerial ownership) on firm value. This study uses a descriptive method with a population of 174 companies on the Indonesia Stock Exchange for the period 2016-2018. The sampling method used was purposive sampling technique. The data analysis technique used in this study is multiple linear regression analysis. The results of this study indicate that the variable Price Earning Ratio (PER) partially affects firm value and the variable Good Corporate Governance (GCG) proxied by the audit committee, independent commissioners, institutional ownership and managerial ownership have no partial effect on the value of manufacturing companies listed on the Indonesia Stock Exchange. Conclusion, based on PER analysis, the better the quality of the Investment Opportunity Set (IOS) will always be followed by an increase in company value. Meanwhile, the better the quality of GCG is not always followed by an increase in company value. Keywords: Price Earning Ratio, Good Corporate Governance, Company Value