Tobin's Q:

1.092 for Q3 2017
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Tobin's Q is at a current level of 1.092, an increase of 0.0218 or 2.04% from last quarter. This is an increase of 0.067 or 6.53% from last year and is higher than the long term average of 0.7563.

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Tobin's Q Historical Data

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Data for this Date Range  
Sept. 30, 2017 1.092
June 30, 2017 1.071
March 31, 2017 1.084
Dec. 31, 2016 1.029
Sept. 30, 2016 1.026
June 30, 2016 1.034
March 31, 2016 1.033
Dec. 31, 2015 1.014
Sept. 30, 2015 0.9682
June 30, 2015 1.081
March 31, 2015 1.111
Dec. 31, 2014 1.138
Sept. 30, 2014 1.121
June 30, 2014 1.144
March 31, 2014 1.117
Dec. 31, 2013 1.092
Sept. 30, 2013 1.024
June 30, 2013 0.9944
March 31, 2013 1.016
Dec. 31, 2012 0.9207
Sept. 30, 2012 0.9341
June 30, 2012 0.9043
March 31, 2012 0.9452
Dec. 31, 2011 0.8501
Sept. 30, 2011 0.781
   
June 30, 2011 0.9221
March 31, 2011 0.9192
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

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Tobin's Q Summary

  • Last Value: 1.092
  • Latest Period: Sep 2017
  • Updated: Feb 1, 2018, 16:01 EST
  • Next Release: Mar 8, 2018, 12:00 EST
  • Frequency: Quarterly
  • Adjustment: Not Seasonally Adjusted
  • Long Term Average: 0.7563
  • Value Previously: 1.071
  • Change From Previous: 2.04%
  • Value One Year Ago: 1.026
  • Change From One Year Ago: 6.53%
  • 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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