The Covid-19 pandemic has caused some manufacturing companies to experience a decline in company value. The decline in company value occurs due to various factors. Factors that are thought to affect company value include profitability, liquidity, solvency and dividend policy. This study aims to determine the effect of profitability, liquidity and solvency on company value with dividend policy as a mediating variable. The population and sample in this study are manufacturing companies listed on the Indonesia Stock Exchange during the 2019-2022 period. The research design used is quantitative research. The data used are secondary data obtained through the IDX website and the websites of each company. The data analysis used is descriptive statistical analysis, classical assumption testing and multiple regression analysis.