This study aims to examine the effect of financial performance on firm value, both direct effect and through managerial ownership as an intervening variable. Financial performance consists of three variables: Profitability as measured by return on equity (ROE), Leverage as measured by debt to equity ratio (DER), and Liquidity as measured by current ratio (CR) to firm value as measured by price to book value (PBV) with managerial ownership (MOWN) as a moderating variable. The population in this study are infrastructure companies listed on the Indonesia Stock Exchange with a sample of 15 companies with a research period of 4 years, using a purposive sampling technique. To test the hypothesis, multiple regression analysis was used with a significance level of 0.05. The results showed that profitability had a positive and significant effect on firm value, leverage had a negative and significant effect on firm value, while liquidity had no effect on firm value. Managerial ownership is able to moderate the relationship between liquidity and firm value, but cannot moderate the relationship between Debt Equity Ratio and profitability to firm value.