The purpose of this study is to examines whether Covid19 pandemic has an impact on the relationship between the financial performance of companies in return to assets, equity, and EPS and the company value with regard to stock return, Tobin Q ratio, P/E ratio for Companies Listed in the Palestine Exchange (2019–2020). Based on 216 observations, this study utilizes panel data is used to analyze the relationship between financial performance (ROA, ROE, and EPS) and company’s value (stock returns, Tobin’s q and price to earnings ratio). Correlation matrix and linear regression analysis are considered a tool to analyze the research hypotheses. The results show that found no effect of the Covid19 pandemic on the relationship between the financial performance (ROA, ROE, EPS) and the company’s value (stock return), but it was turned out that the Covid19 pandemic had significant effect weakening the relationship between financial performance (ROA, ROE, EPS) and the company value (Tobin’s Q), and it also had a significant impact on the relationship between the financial performance (ROA, ROE) and the company’s value (P/E ratio) as the results showed that the relationship is negative. The novel Coronavirus (COVID-19) has out broken a health and economic catastrophe all over the world. Palestine is not excluded from being affected by this virus, this research is that it is one of the first studies in this field—within the limits of the researcher’s knowledge—that is interested in studying the impact of this virus on the economic situation in Palestine and the extent to which the investor’s decision is affected in light of the existence of an ambiguous pandemic globally and locally.