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This study aims to determine the effect of dividend policy, investment decisions, ownership structure, firm size, and profitability on firm value and to determine the effect of moderating profitability with respect to the effect of dividend policy, investment decisions, ownership structure on firm value in manufacturing companies listed on the Stock Exchange. Indonesian Securities (IDX). By using a sample of 70 manufacturing companies during the period 2016 – 2020, the results of this study indicate that: (i) dividend policy has no significant effect on firm value; (ii) investment decisions have a positive and significant effect on firm value; (iii) managerial ownership has a positive and significant effect on firm value; (iv) institutional ownership has no significant effect on firm value; (v) firm size has a negative and significant effect on firm value; (vi) profitability (ROA) has no significant effect on firm value; (vii) profitability (ROA) does not moderate the effect of dividend policy, investment decisions, and managerial ownership on firm value; (viii) profitability (ROA) moderates institutional ownership on firm value.