This study aims to examine and find out how the method of Altman Z-Score developed in 1984 is able to predict the level of health in state-owned enterprises go public listed in Indonesia Stock Exchange, as well as to know and test the influence of health level on the value of related companies. This study uses secondary data in the form of Financial Statements of State-Owned Enterprises Listed on BEI in 2014-2016. The population in this study are the State-Owned public companies (20 companies)

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... isted on the Indonesia Stock Exchange in 2014-2016. While the number of samples obtained as many as 15 companies With a 3-year observation period starting from 2014 to 2016, consisting of pharmacy, energy, metal, construction, metal, bank, mining, cement, transportation, and telecommunication company. The analysis in this research using linear regression analysis. After the data was collected, the data were analyzed using SPSS program to test the Z-Score value significantly influence the partial value of the company with the t test. The result of this research shows that Altman Z-Score method applied in this research succeeded in classifying the sample of companies listed in Indonesia Stock Exchange in the category of Distress Zone, Gray Zone, Safe Zone. Other results also show that the Z-Score variable has no effect on Company Value.