Suwedy, Syarifah Aliyah Fitrisam, Burhanuddin and Arnianti 2025. Determination of Stock Returns of State-Owned Banks: The Role of Fundamental Ratios in the Midst of Indonesia’s Macroeconomic Dynamics. Jurnal Sinar Manajemen. 12, 2 (Jul. 2025), 94-101. DOI:https://doi.org/10.56338/jsm.v12i2.8142.