Tobin's Q (I:TQ)
Basic Info
|
Tobin's Q is at a current level of 1.886, up from 1.833 last quarter and up from 1.612 one year ago. This is a change of 2.89% from last quarter and 16.95% 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 | 1.886 |
| Latest Period | Dec 2024 |
| Last Updated | Mar 13 2025, 13:56 EDT |
| Next Release | Jun 12 2025, 12:00 EDT |
| Average Growth Rate | 3.42% |
| Value from Last Quarter | 1.833 |
| Change from Last Quarter | 2.89% |
| Value from 1 Year Ago | 1.612 |
| Change from 1 Year Ago | 16.95% |
| 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, 2024 | 1.886 |
| September 30, 2024 | 1.833 |
| June 30, 2024 | 1.771 |
| March 31, 2024 | 1.734 |
| December 31, 2023 | 1.612 |
| September 30, 2023 | 1.476 |
| June 30, 2023 | 1.511 |
| March 31, 2023 | 1.446 |
| December 31, 2022 | 1.366 |
| September 30, 2022 | 1.367 |
| June 30, 2022 | 1.408 |
| March 31, 2022 | 1.621 |
| December 31, 2021 | 1.658 |
| September 30, 2021 | 1.627 |
| June 30, 2021 | 1.728 |
| March 31, 2021 | 1.686 |
| December 31, 2020 | 1.648 |
| September 30, 2020 | 1.541 |
| June 30, 2020 | 1.473 |
| March 31, 2020 | 1.242 |
| December 31, 2019 | 1.442 |
| September 30, 2019 | 1.387 |
| June 30, 2019 | 1.385 |
| March 31, 2019 | 1.427 |
| December 31, 2018 | 1.316 |
| Date | Value |
|---|---|
| September 30, 2018 | 1.460 |
| June 30, 2018 | 1.395 |
| March 31, 2018 | 1.354 |
| December 31, 2017 | 1.364 |
| 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 |
News
Basic Info
|
Tobin's Q is at a current level of 1.886, up from 1.833 last quarter and up from 1.612 one year ago. This is a change of 2.89% from last quarter and 16.95% 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 | 1.886 |
| Latest Period | Dec 2024 |
| Last Updated | Mar 13 2025, 13:56 EDT |
| Next Release | Jun 12 2025, 12:00 EDT |
| Average Growth Rate | 3.42% |
| Value from Last Quarter | 1.833 |
| Change from Last Quarter | 2.89% |
| Value from 1 Year Ago | 1.612 |
| Change from 1 Year Ago | 16.95% |
| 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 |