<span class="tlid-translation"><span>This study aims to determine the effect of the Altman Z-score on prices, the effect of the ratios on the Altman Z-score on stock prices before and before the covid-19 pandemic, and to find out the differences in the ratios of the Altman Z-score before and after the covid-19 pandemic in State-Owned companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2020 period. This study uses a quantitative approach with purposive sampling method. The sample companies that meet the specified criteria are 20 companies. The results show that in simple linear regression the Altman Z-score value affects stock prices, in multiple linear regression the Altman Z-score value simultaneously has no effect on stock prices before the covid-19 pandemic, but Altman Z-score simultaneously affects prices. stocks after the covid-19 pandemic, and the ratio of retained earnings / total assets affect stock prices before and before the covid-19 pandemic. In the different test, the ratio of EBIT / total assets there is a significant difference before and before the covid-19 pandemic</span></span>