Purpose: The COVID-19 epidemic has had a devastating impact on the international economy, particularly in Indonesia. The hospitality, dining, and tourism sectors are some of those most impacted by the COVID-19 pandemic. The impact of profitability, leverage, capital structure, and dividend policy as moderating variables on firm value is investigated in this study for companies in the hotel, restaurant, and tourism sub-sector listed on the Indonesian stock exchange between 2016 and 2021. Method: With data from the Indonesian stock exchange from 2016 to 2021, comparative descriptive approaches and quantitative methodologies were employed in this study. Purposive sampling was used to sample, and it revealed 15 businesses that fit the bill. Results: The findings in 15 companies show that profitability has no effect on firm value, with a significance value of 0,584; leverage has no effect on firm value, with a significance value of 0,896; capital structure has no effect on firm value, with a significance value of 0,122; dividend policy is able to moderate profitability on firm value, with a significance value of 0,025; dividend policy is unable to moderate the effect of leverage; and capital structure has no effect on firm value. Limitations: This study only uses the variables of profitability, leverage, capital structure, dividend policy to explain the variable value of the company, with a sample of companies in the hotel, restaurant and tourism sub-sector listed on the Indonesian stock exchange during 2016-2021. Contribution: The results of this study will likely be applied in investment decision-making. Businesses with concerns about profitability, debt, and capital structure can also utilize this research's findings as knowledge so they can act right away to keep their operations going in the future. Keywords: 1. Profitability 2. Leverage 3. Capital Structure 4. Firm Value 5. Covid-19 6. Pandemic 7. Sub-Sector Hotel 8. Restaurant and Tourism

The worldwide economy, particularly Indonesia's, has been negatively impacted by the COVID-19 pandemic. Some of the industries most impacted by the COVID-19 epidemic are those in the hotel, restaurant, and tourism industries. This study uses profitability and leverage to examine whether there are differences in the profitability and leverage situations before and after the COVID-19 epidemic. There are discrepancies between the findings of earlier studies, who found no differences between profitability before and during the COVID-19 epidemic. In this research, a comparative descriptive methodology and a quantitative technique were applied. From 2018 through 2022, financial statistics are used in this analysis. Purposive sampling was used to collect samples, and 25 companies that match the criteria were found. When data were not normally distributed, the non-parametric Wilcoxon signed rank test was employed instead of the paired sample t-test as the normality test. The study's conclusion demonstrates the leverage and profitability of businesses in the travel, dining, and hospitality sectors both before and after the COVID-19 epidemic. In the 25 organizations that were analyzed, the results revealed a significant value (α) of 5% and a decline in the value of profitability and leverage. This indicates that the Indonesian hotel, restaurant, and tourism sub-sector businesses have suffered as a result of the COVID-19 outbreak. This study's findings are anticipated to be used to investment decision-making. Additionally, this research can be used as information by businesses facing profitability and leverage issues before and during the pandemic so that they can take immediate action to maintain their operations going forward.