Tobin's Q (I:TQ)
Level Chart
Basic Info
|
Tobin's Q is at a current level of 1.589, up from 1.450 last quarter and up from 1.350 one year ago. This is a change of 9.61% from last quarter and 17.71% from one year ago. |
|
Tobin's Q is the market value of all public companies in the US divided by their replacement cost. Many macroeconomists consider the market overvalued when Tobin's Q is above its long term mean and undervalued when it is below the long-term mean. |
| Region | United States |
| Source | Federal Reserve |
Stats
| Last Value | 1.589 |
| Latest Period | Dec 2023 |
| Last Updated | Apr 18 2024, 16:57 EDT |
| Average Growth Rate | 3.23% |
| Value from Last Quarter | 1.450 |
| Change from Last Quarter | 9.61% |
| Value from 1 Year Ago | 1.350 |
| Change from 1 Year Ago | 17.71% |
| Frequency | Quarterly |
| Adjustment | Not Seasonally Adjusted |
| Notes | The ratio is calculated using the Z.1 Flow of Funds Report. It is B.102 Line 35 (Market Value of Equities Outstanding - Net Worth (Market Value) - Balance Sheet of Nonfarm Nonfinancial Corporate Business) divided by Line 32 (Total Net Worth (Market Value) - Balance Sheet of Nonfarm Nonfinancial Corporate Business). |
| Formula | US Market Value of Equities Outstanding - Net Worth (Market Value) - Balance Sheet of Nonfarm Nonfinancial Corporate Business / US Total Net Worth (Market Value) - Balance Sheet of Nonfarm Nonfinancial Corporate Business |
Historical Data
| Date | Value |
|---|---|
| December 31, 2023 | 1.589 |
| September 30, 2023 | 1.450 |
| June 30, 2023 | 1.489 |
| March 31, 2023 | 1.420 |
| December 31, 2022 | 1.350 |
| September 30, 2022 | 1.344 |
| June 30, 2022 | 1.385 |
| March 31, 2022 | 1.593 |
| December 31, 2021 | 1.639 |
| September 30, 2021 | 1.611 |
| June 30, 2021 | 1.706 |
| March 31, 2021 | 1.666 |
| December 31, 2020 | 1.630 |
| September 30, 2020 | 1.529 |
| June 30, 2020 | 1.464 |
| March 31, 2020 | 1.236 |
| December 31, 2019 | 1.435 |
| September 30, 2019 | 1.384 |
| June 30, 2019 | 1.382 |
| March 31, 2019 | 1.420 |
| December 31, 2018 | 1.314 |
| September 30, 2018 | 1.461 |
| June 30, 2018 | 1.393 |
| March 31, 2018 | 1.352 |
| December 31, 2017 | 1.364 |
| Date | Value |
|---|---|
| September 30, 2017 | 1.338 |
| June 30, 2017 | 1.264 |
| March 31, 2017 | 1.327 |
| December 31, 2016 | 1.284 |
| September 30, 2016 | 1.268 |
| June 30, 2016 | 1.290 |
| March 31, 2016 | 1.293 |
| December 31, 2015 | 1.255 |
| September 30, 2015 | 1.198 |
| June 30, 2015 | 1.310 |
| March 31, 2015 | 1.342 |
| December 31, 2014 | 1.785 |
| September 30, 2014 | 1.726 |
| June 30, 2014 | 1.768 |
| March 31, 2014 | 1.695 |
| December 31, 2013 | 1.645 |
| September 30, 2013 | 1.532 |
| June 30, 2013 | 1.498 |
| March 31, 2013 | 1.524 |
| December 31, 2012 | 1.362 |
| September 30, 2012 | 1.363 |
| June 30, 2012 | 1.309 |
| March 31, 2012 | 1.378 |
| December 31, 2011 | 1.232 |
| September 30, 2011 | 1.106 |
Basic Info
|
Tobin's Q is at a current level of 1.589, up from 1.450 last quarter and up from 1.350 one year ago. This is a change of 9.61% from last quarter and 17.71% from one year ago. |
|
Tobin's Q is the market value of all public companies in the US divided by their replacement cost. Many macroeconomists consider the market overvalued when Tobin's Q is above its long term mean and undervalued when it is below the long-term mean. |
| Region | United States |
| Source | Federal Reserve |
Stats
| Last Value | 1.589 |
| Latest Period | Dec 2023 |
| Last Updated | Apr 18 2024, 16:57 EDT |
| Average Growth Rate | 3.23% |
| Value from Last Quarter | 1.450 |
| Change from Last Quarter | 9.61% |
| Value from 1 Year Ago | 1.350 |
| Change from 1 Year Ago | 17.71% |
| Frequency | Quarterly |
| Adjustment | Not Seasonally Adjusted |
| Notes | The ratio is calculated using the Z.1 Flow of Funds Report. It is B.102 Line 35 (Market Value of Equities Outstanding - Net Worth (Market Value) - Balance Sheet of Nonfarm Nonfinancial Corporate Business) divided by Line 32 (Total Net Worth (Market Value) - Balance Sheet of Nonfarm Nonfinancial Corporate Business). |
| Formula | US Market Value of Equities Outstanding - Net Worth (Market Value) - Balance Sheet of Nonfarm Nonfinancial Corporate Business / US Total Net Worth (Market Value) - Balance Sheet of Nonfarm Nonfinancial Corporate Business |