This research measures the financial performance of Indonesian state-owned enterprises in the construction sector listed on the Indonesia Stock Exchange from 2017 to 2019 using Economic Value Added (EVA) analysis. This study aims to measure the company's operations from the point of view of financial performance using the EVA approach. Currently, the assessment of state-owned enterprises' performance according to the regulations of the Indonesian State Minister for State-Owned Enterprises only uses financial ratio analysis. The data used are financial reports released and obtained from the Indonesian Stock Exchange website and related company pages. This research was conducted by comparing state-owned enterprises and private companies recorded in the Indonesia Stock Exchange using EVA analysis. Based on the study, there was a fluctuation in the EVA value of the company, wherein 2018 and 2019, based on the calculations that have been done, it can be concluded that the EVA value of State-Owned Enterprises has fluctuated from year to year, but when compared to other private sector companies, State-Owned Enterprises can be said to be relatively inferior in the construction sector wherein 2018, and 2019; the four state-owned enterprises managed to be in the last positions in EVA. The government can use this result as the supervisor of state-owned enterprises as an evaluation material and investors as a reference in choosing companies for investment.