Jakarta Composite Index is Not Considered Cheap According to Shiller's CAPE

According to Starcapital's estimation, as of the end of January 2016, Indonesia is not among the most attractive countries in term of equity valuation.  Does this explain why recently JCI fell from its position as one of the best performers globally? Interestingly, Rusia, Korea, China and Singapore ranked as of the cheapest places to invest globally.  You can access global comparison  at  STARCAPITAL Global Valuation Chart as of January 2016

*. The Chart is taken from Starcapital.de website.