Tobin's Q:
Tobin's Q is at a current level of 0.9706, a decrease of 0.0059 or 0.60% from last quarter. This is a decrease of 0.0851 or 8.06% from last year and is higher than the long term average of 0.7483.
- Category: Market Indexes
- Region: United States
- Report: Z.1 Flow of Funds Accounts of the United States
- Source: Federal Reserve
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Tobin's Q Historical Data
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Date Range:
| Data for this Date Range | |
|---|---|
| June 30, 2016 | 0.9706 |
| March 31, 2016 | 0.9765 |
| Dec. 31, 2015 | 0.9782 |
| Sept. 30, 2015 | 0.9471 |
| June 30, 2015 | 1.056 |
| March 31, 2015 | 1.091 |
| Dec. 31, 2014 | 1.096 |
| Sept. 30, 2014 | 1.074 |
| June 30, 2014 | 1.098 |
| March 31, 2014 | 1.072 |
| Dec. 31, 2013 | 1.058 |
| Sept. 30, 2013 | 0.9959 |
| June 30, 2013 | 0.9714 |
| March 31, 2013 | 0.9961 |
| Dec. 31, 2012 | 0.9034 |
| Sept. 30, 2012 | 0.9214 |
| June 30, 2012 | 0.8935 |
| March 31, 2012 | 0.9342 |
| Dec. 31, 2011 | 0.8354 |
| Sept. 30, 2011 | 0.7784 |
| June 30, 2011 | 0.9206 |
| March 31, 2011 | 0.9257 |
| Dec. 31, 2010 | 0.89 |
| Sept. 30, 2010 | 0.8275 |
| June 30, 2010 | 0.7508 |
| March 31, 2010 | 0.8955 |
| Dec. 31, 2009 | 0.856 |
| Sept. 30, 2009 | 0.82 |
| June 30, 2009 | 0.7003 |
| March 31, 2009 | 0.5666 |
| Dec. 31, 2008 | 0.6149 |
| Sept. 30, 2008 | 0.7373 |
| June 30, 2008 | 0.843 |
| March 31, 2008 | 0.8127 |
| Dec. 31, 2007 | 0.8611 |
| Sept. 30, 2007 | 0.8921 |
| June 30, 2007 | 0.9144 |
| March 31, 2007 | 0.9366 |
| Dec. 31, 2006 | 0.9385 |
| Sept. 30, 2006 | 0.8792 |
| June 30, 2006 | 0.8908 |
| March 31, 2006 | 0.958 |
| Dec. 31, 2005 | 0.9006 |
| Sept. 30, 2005 | 0.937 |
| June 30, 2005 | 0.923 |
| March 31, 2005 | 0.9377 |
| Dec. 31, 2004 | 0.9531 |
| Sept. 30, 2004 | 0.886 |
| June 30, 2004 | 0.9613 |
| March 31, 2004 | 0.9821 |
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Tobin's Q Summary
- Last Value: 0.9706
- Latest Period: Jun 2016
- Updated: Sep 16, 2016, 14:39 EDT
- Next Release:
- Frequency: Quarterly
- Adjustment: Not Seasonally Adjusted
- Long Term Average: 0.7483
- Value Previously: 0.9765
- Change From Previous: -0.60%
- Value One Year Ago: 1.056
- Change From One Year Ago: -8.06%
- First Period: Dec 1949
- First Value: 0.3505
- Notes: Tobins 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. 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
I:TQ Excel Add-In Codes
- Indicator Code: I:TQ
- Indicator Name: =YCI("I:TQ","name")
- Latest Value: =YCP("I:TQ")
- Last 5 Values: =YCS("I:TQ",,-4)
To find the codes for any of our financial metrics, see our Complete Reference of Metric Codes.
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