Penelitian ini bertujuan untuk menganalisis pengaruh Enterprise Risk Management (ERM) terhadap nilai perusahaan dengan menguji profitabilitas dalam memperkuat atau memperlemah hubungan antara Enterprise Risk Management (ERM) dan nilai perusahaan dan menguji leverage dalam mengendalikan hubungan antara Enterprise Risk Management (ERM) pada nilai perusahaan. pada perusahaan jasa yang terdaftar di Indeks Saham Syari'ah Indonesia (ISSI) 2015 – 2019. Populasi penelitian ini adalah perusahaan jasa yang terdaftar di Indeks Saham Syari'ah (ISSI) 2015 – 2019 sebanyak 51 perusahaan. Pemilihan sampel dalam penelitian ini menggunakan metode purposive sampling dan dipilih 10 perusahaan. Analisis data menggunakan metode Structural Equation Modeling – Partial Least Square (PLS) yang dijalankan menggunakan software SmartPLS 3.0. Hasil penelitian menunjukkan bahwa Enterprise Risk Management (ERM) tidak berpengaruh terhadap Nilai Perusahaan. Profitabilitas tidak dapat memoderasi hubungan antara Enterprise Risk Management (ERM) dan Nilai Perusahaan. Sedangkan leverage dapat mengontrol pengaruhnya terhadap nilai perusahaan.

ABSTRACT
This study aims to analyze the influence of Enterprise Risk Management (ERM) on firm value by testing profitability in strengthening or weakening the relationship between Enterprise Risk Management (ERM) and firm value and testing leverage in controlling the relationship between Enterprise Risk Management (ERM) on firm value. in service companies listed on the Indonesian Syari'ah Stock Index (ISSI) 2015 – 2019. The population of this study are service companies listed on the Syari'ah Stock Index (ISSI) 2015 – 2019 as many as 51 companies. The sample selection in this study used a purposive sampling method and 10 companies were selected. Data analysis used the Structural Equation Modeling – Partial Least Square (PLS) method which was run using SmartPLS 3.0 software. The results showed that Enterprise Risk Management (ERM) could not affect the Company Value. Profitability cannot moderate the relationship between Enterprise Risk Management (ERM) and Firm Value. Meanwhile, leverage can control its effect on firm value.