The Influence of Potential Profit, Institutional Ownership and Leverage on Company Value at PT Mitra Energi Persada Tbk

Firm value reflects investors’ assessment of a company’s prospects and financial performance. This study examines the effects of Potential Profit, Institutional Ownership, and Leverage on the firm value of PT Mitra Energi Persada Tbk during 2015–2024. A quantitative descriptive approach was applied using secondary data from ten years of the company’s annual financial statements, analyzed through multiple linear regression with SPSS version 26. The results indicate that Potential Profit (t = −0.818; p = 0.445), Institutional Ownership (t = 0.670; p = 0.528), and Leverage (t = −1.301; p = 0.241) have no statistically significant individual effects on firm value; their simultaneous effect is also insignificant (F = 0.673; p = 0.599). The model explains 25.2% of the variation in firm value (R² = 0.252), while the remaining 74.8% is associated with factors not included in the model. These findings suggest that the three variables do not sufficiently explain changes in firm value during the observation period. Because the study focuses on one company and ten annual observations, its findings have limited generalizability. Investors and managers should therefore consider other factors that may shape firm value, while future research could include additional variables, longer periods, and more companies. This study offers company-specific empirical evidence from Indonesia’s energy sector. Firm value reflects investors’ assessment of a company’s prospects and financial performance. This study examines the effects of Potential Profit, Institutional Ownership, and Leverage on the firm value of PT Mitra Energi Persada Tbk during 2015–2024. A quantitative descriptive approach was applied using secondary data from ten years of the company’s annual financial statements, analyzed through multiple linear regression with SPSS version 26. The results indicate that Potential Profit (t = −0.818; p = 0.445), Institutional Ownership (t = 0.670; p = 0.528), and Leverage (t = −1.301; p = 0.241) have no statistically significant individual effects on firm value; their simultaneous effect is also insignificant (F = 0.673; p = 0.599). The model explains 25.2% of the variation in firm value (R² = 0.252), while the remaining 74.8% is associated with factors not included in the model. These findings suggest that the three variables do not sufficiently explain changes in firm value during the observation period. Because the study focuses on one company and ten annual observations, its findings have limited generalizability. Investors and managers should therefore consider other factors that may shape firm value, while future research could include additional variables, longer periods, and more companies. This study offers company-specific empirical evidence from Indonesia’s energy sector.