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LQ45 stocks index shows the closing price which tends to increase in the period 2013 to 2018. The data also shows that the lowest point in the LQ45 index is in October 2013 at 701,07. The highest point is at 1105,76 which happened in January 2018. This is an opportunity for investors who want to invest their shares in order to obtain investment profits. However, during that period, the LQ45 Index returns show high fluctuations, this would cause the returns earned to be uncertain. The Purpose oh this research is to assess the portfolio performance using active and passive strategies Through PBV and PER ratio approach.. The portfolio is formed by high , medium and low PBV and PER. 27 of 45 company in LQ 45 were selected and each portfolio consists of up to nine shares. Furthermore, the performance of this portfolio will be tested using the Sharpe, Treynor, and Jensen methods during 2013-2018. The results of this study indicate that the portfolio formed using a high PBV ratio is able to show a return above the IHSG consistently with low risk that obtained. The evaluation using Sharpe, Treynor, and Jensen methods also indicate that high PBV and high PER shows a good performance. Then the comparison between portfolio strategies used in this study based on return and risk showed that the active semester strategy was able to provide the best performance, then followed by an annual active strategy and the last is the passive strategy.