This study aims to examine the influence of capital structure and profitability on firm value with a managerial ownership as a variable moderation.The population in this research is the manufacturing companies listed on the Indonesia Stock Exchange (IDX) in period 2013 up to 2016. The sample in this study are 24 companies and obtained by the method of purposive sampling. The Analysis techniques used multiple linear regression and moderated regression analysis (MRA). The result of the test show that the capital structure as measured by DER has a positive and significant effect on firm value, profitability as measured by ROA has a positive and significant on firm value, the capital structure which moderated by managerial ownership has a negative and significant effect on firm value and profitability which moderated by managerial ownership has a negative and significant effect on firm value.