Tobin's Q:

0.9509 for Q4 2015
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Tobin's Q is at a current level of 0.9509, an increase of 0.0197 or 2.12% from last quarter. This is a decrease of 0.1238 or 11.52% from last year and is higher than the long term average of 0.7461.

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Tobin's Q Historical Data

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Data for this Date Range  
Dec. 31, 2015 0.9509
Sept. 30, 2015 0.9312
June 30, 2015 1.037
March 31, 2015 1.072
Dec. 31, 2014 1.075
Sept. 30, 2014 1.059
June 30, 2014 1.091
March 31, 2014 1.071
Dec. 31, 2013 1.062
Sept. 30, 2013 0.9987
June 30, 2013 0.9724
March 31, 2013 0.9965
Dec. 31, 2012 0.9034
Sept. 30, 2012 0.9215
June 30, 2012 0.8939
March 31, 2012 0.9346
Dec. 31, 2011 0.8356
Sept. 30, 2011 0.7786
June 30, 2011 0.9208
March 31, 2011 0.926
Dec. 31, 2010 0.8901
Sept. 30, 2010 0.8275
June 30, 2010 0.7506
March 31, 2010 0.8956
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
Dec. 31, 2003 0.9949
Sept. 30, 2003 0.8915

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Tobin's Q Summary

  • Last Value: 0.9509
  • Latest Period: Dec 2015
  • Updated: Mar 10, 2016, 14:20 EST
  • Next Release:
  • Frequency: Quarterly
  • Adjustment: Not Seasonally Adjusted
  • Long Term Average: 0.7461
  • Value Previously: 0.9312
  • Change From Previous: 2.12%
  • Value One Year Ago: 1.075
  • Change From One Year Ago: -11.52%
  • 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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