R Rapid technological development and global economic dynamics require companies to manage their resources effectively in order to enhance firm value and maintain competitive advantage. this study aims to examine the effect of intellectual capital, audit committee, and managerial ownership on firm value, with competitive advantage as a moderating variable. the research object consists of food and beverage subsector companies listed on the indonesia stock exchange. this study employs a quantitative approach using secondary data obtained from annual financial statements. intellectual capital is measured using the value-added intellectual coefficient (vaic™), firm value is proxied by tobin’s q, while competitive advantage is measured using asset utilization efficiency (aue). the data are analyzed using panel data regression with moderation testing. the results indicate that intellectual capital and audit committee have no significant effect on firm value, whereas managerial ownership has a positive effect on firm value. furthermore, competitive advantage can moderate the relationship between intellectual capital and firm value, but fails to moderate the relationship between audit committee and firm value, as well as between managerial ownership and firm value. these findings suggest that intangible resources require strong competitive advantage to contribute to firm value, while governance mechanisms and ownership structures play different roles in value creation.