The Purpose of this research is to observe indicators that decide the stock prices. This research utilizes sample data of 114 companies in the consumer non-cyclical sector that are listed on the IDX during 2020-2022. This usage is because Indonesia was affected by the COVID-19 pandemic during the research period. The results of this research show that earnings volatility has a significant effect on stock prices. It was suggested to incorporate additional indicators into various business sectors for further research.