Tobin's Q:
Tobin's Q is at a current level of 0.9969, an increase of 0.0101 or 1.02% from last quarter. This is an increase of 0.0197 or 2.02% from last year and is higher than the long term average of 0.7501.
- 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 | |
|---|---|
| Dec. 31, 2016 | 0.9969 |
| Sept. 30, 2016 | 0.9868 |
| June 30, 2016 | 0.9725 |
| March 31, 2016 | 0.9755 |
| Dec. 31, 2015 | 0.9772 |
| Sept. 30, 2015 | 0.9468 |
| June 30, 2015 | 1.053 |
| March 31, 2015 | 1.088 |
| Dec. 31, 2014 | 1.094 |
| Sept. 30, 2014 | 1.072 |
| June 30, 2014 | 1.097 |
| March 31, 2014 | 1.072 |
| Dec. 31, 2013 | 1.058 |
| Sept. 30, 2013 | 0.9963 |
| June 30, 2013 | 0.9719 |
| March 31, 2013 | 0.9963 |
| Dec. 31, 2012 | 0.9037 |
| Sept. 30, 2012 | 0.9216 |
| June 30, 2012 | 0.8937 |
| March 31, 2012 | 0.9343 |
| Dec. 31, 2011 | 0.8355 |
| Sept. 30, 2011 | 0.7785 |
| June 30, 2011 | 0.9206 |
| March 31, 2011 | 0.9258 |
| Dec. 31, 2010 | 0.8901 |
| 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 |
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Tobin's Q News
View All News-
WireHeadlineTime (ET)
-
Harvard Business Review05/05 10:20
-
Marketwired (press release)04/27 09:03
-
Seeking Alpha04/27 08:25
-
Harvard Business Review04/26 08:14
-
Amherststudent04/26 01:35
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Tobin's Q Summary
- Last Value: 0.9969
- Latest Period: Dec 2016
- Updated: May 9, 2017, 16:38 EDT
- Next Release:
- Frequency: Quarterly
- Adjustment: Not Seasonally Adjusted
- Long Term Average: 0.7501
- Value Previously: 0.9868
- Change From Previous: 1.02%
- Value One Year Ago: 0.9772
- Change From One Year Ago: 2.02%
- 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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