Tobin's Q:
Tobin's Q is at a current level of 2.119, up from 1.560 last quarter and up from 1.946 one year ago. This is a change of 35.87% from last quarter and 8.88% from one year ago.
- Category: Market Indices and Statistics
- Region: United States
- Report: Z.1 Financial Accounts of the United States
- Source: Federal Reserve
Chart
Historical Data
| Data for this Date Range | |
|---|---|
| June 30, 2020 | 2.119 |
| March 31, 2020 | 1.560 |
| Dec. 31, 2019 | 2.154 |
| Sept. 30, 2019 | 1.906 |
| June 30, 2019 | 1.946 |
| March 31, 2019 | 1.956 |
| Dec. 31, 2018 | 1.654 |
| Sept. 30, 2018 | 2.091 |
| June 30, 2018 | 1.884 |
| March 31, 2018 | 1.894 |
| Dec. 31, 2017 | 1.913 |
| Sept. 30, 2017 | 1.831 |
| June 30, 2017 | 1.805 |
| March 31, 2017 | 1.828 |
| Dec. 31, 2016 | 1.712 |
| Sept. 30, 2016 | 1.700 |
| June 30, 2016 | 1.710 |
| March 31, 2016 | 1.710 |
| Dec. 31, 2015 | 1.635 |
| Sept. 30, 2015 | 1.53 |
| June 30, 2015 | 1.712 |
| March 31, 2015 | 1.754 |
| Dec. 31, 2014 | 1.790 |
| Sept. 30, 2014 | 1.731 |
| June 30, 2014 | 1.768 |
| March 31, 2014 | 1.695 |
| Dec. 31, 2013 | 1.645 |
| Sept. 30, 2013 | 1.532 |
| June 30, 2013 | 1.498 |
| March 31, 2013 | 1.524 |
| Dec. 31, 2012 | 1.362 |
| Sept. 30, 2012 | 1.363 |
| June 30, 2012 | 1.309 |
| March 31, 2012 | 1.378 |
| Dec. 31, 2011 | 1.232 |
| Sept. 30, 2011 | 1.106 |
| June 30, 2011 | 1.314 |
| March 31, 2011 | 1.357 |
| Dec. 31, 2010 | 1.298 |
| Sept. 30, 2010 | 1.014 |
| June 30, 2010 | 0.9061 |
| March 31, 2010 | 1.095 |
| Dec. 31, 2009 | 1.046 |
| Sept. 30, 2009 | 0.9983 |
| June 30, 2009 | 0.8185 |
| March 31, 2009 | 0.6534 |
| Dec. 31, 2008 | 0.7199 |
| Sept. 30, 2008 | 0.8735 |
| June 30, 2008 | 1.000 |
| March 31, 2008 | 0.9784 |
There is no data for the selected date range.
An error occurred. Please try again by refreshing your browser or contact us with details of your problem.
Stats
| Last Value | 2.119 |
| Latest Period | Jun 2020 |
| Last Updated | Sep 21 2020, 14:27 EDT |
| Next Release | |
| Average Growth Rate | 3.89% |
| Value from 1 Year Ago | 1.946 |
| Change from 1 Year Ago | 8.88% |
| Frequency | Quarterly |
| Adjustment | Not Seasonally Adjusted |
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
