This study purpose to analyze the influence of Profitability, Liqudity, and Dividend Policy to . Objects used in this study are Property and Real Estate Companies listed on the Indonesian Stock Exchange in the period 2012-2016. The number of samples used in this study after the outlier that is as many as 80 samples. Sampling method using purposive sampling method. Type of data used is secondary data with documentation method obtained from Indonesian Stock Exchange. The analytical tool used is using SPSS with multiple regression analysis method. Independent variables used in this research are Profitability measured by Return On Equity (ROE), Liquidity as measured by Current Ratio (CR), Debt Policy as mesured by Dividend Equity Ratio, and Dividend Policy as measured by Dividend Payout Ratio (DPR). The dependent variable used is the value of the company as measured by Price to Book Value (PBV). Based on the analysis that has been done, the result shows that Profitability has positif and significant effect to the value of company, current ratio has positif and significant effect to the value of company, Dividend Policy has positive and significant influence to Capital Structure and Business Risk has no influence to Capital Structure.