This study aims to determine the effect of liquidity, solvency, and profitability on firm value with devidend policy as an intervening variable in the study of issuers indexed in LQ45 2014-2018. The population of this study were all companies indexed by LQ45, amounting to 45 companies. The technique used in determining the sample is purposive sampling, so that the sample in this study amounted to 8 companies indexed by LQ45 in 2014-2018. The data analysis technique used is multiple linear regression analysis with the help of the SmartPLS 3.0 application. The results of this study indicate that CR has a positive and insignificant effect directly on PBV. DER and ROE have a positive and significant effect directly on PBV. DPR has a positive and insignificant effect directly on PBV. CR, DER and ROE have a positive and insignificant effect directly on DPR. and CR, DER and ROE have a positive and indirect effect on PBV through DPR as an intervening variable.