Abstract: The objective this study is to empirically test the fundamental analysis whether it can be used as a strategy in making investment decisions in the capital market. The method of this study is using secondary data. The analysis is done fundamentally and compares the intrinsic vale through the Price Earning Ratio approach to market value on close price. The results of this study show that the condition of the sectoral company stock index is in the "overvalued" category based on fundamental analysis, because intrinsic value is lower than market value, that mean investors should not make transactions or "no buy" in 2018 year.