The value of the company is very useful for external and internal parties of the company because it is a reflection of the company's condition and public trust. This study aims to analyze the effect of capital structure, foreign ownership, and dividend policy on firm value by involving four control variables, namely company growth, company size, DAR and ROE. This research was conducted on real estate and property sector companies listed on the Indonesia Stock Exchange in 2015-2018 with a sample of 140 companies. Data were collected from the Company's Financial Statements document, then analyzed using panel data regression using the Chow Test until the Fixed Common Effect model was selected. The results showed that foreign ownership and ROE had a significant positive effect on firm value. DAR has a negative effect, while capital structure, dividend policy, company size, and company growth have no effect on firm value.