Russia rated top best-value market by Cape ratio; Singapore is 11th

London

THE sharp sell-off last week followed by a tepid recovery has once again raised the stress levels of global investors. The Cape (cyclically adjusted price-to-earnings) valuation method may well be a useful palliative to soothe these nerves.

The Cape ratio helps overcome the difficulties in valuing shares and indices during the current Covid-19 pandemic and global recession.