This paper will examine the impact of earnings quality on firm value, whether have no impact, positively impact or negatively impact. Researcher predicts that earnings quality will positively impact on firm value, when earnings quality increases, firm value will also increase. Real earnings management is used to measure earnings quality. The sample in this study is manufacturing company listed on the Indonesia Stock Exchange from 2013 – 2015. Based on criteria of sample selection, 94 companies are used in this research. The finding on from this research, earnings management negatively effect on firm value. Earnings quality and earnings management have negative relationship, therefore earnings quality positively impact on firm value.