This study aims to prove the negative effect of information asymmetry, prove the positive effect of profitability, prove the negative effect of capital structure, and prove the positive effect of firm size on firm value. This analysis uses the dependent variable, namely firm value and independent variables, namely information asymmetry, profitability, capital structure, and firm size. In this study, to obtain financial report data by accessing the official website of the Indonesia Stock Exchange, namely www.idx.co.id. Sources of data conducted in this study using secondary data. The sampling method used purposive sampling method. This study has a population of 20 state owned companies in 2016-2020. The sample of this study were 13 companies listed on the IDX. The total sample that meets the criteria is 65 state owned companies in 2016-2020. The analytical tool used is multiple linear regression analysis technique. The data analysis used descriptive statistical test, normality test, multicollinearity test, heteroscedasticity test, autocorrelation test, coefficient of determination test, F statistic test, and t test. Hypothesis testing is seen at significant values that are more than or less than 0.05. the results of this study indicate that statistically, information asymmetry and capital structure have no effect on firm value. Profitability has a positive effect on firm value size has a negative effect on firm value.