Tobin's Q:
Tobin's Q is at a current level of 1.038, an increase of 0.0526 or 5.34% from last quarter. This is an increase of 0.0548 or 5.57% from last year and is higher than the long term average of 0.7507.
- 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 | |
|---|---|
| March 31, 2017 | 1.038 |
| Dec. 31, 2016 | 0.9856 |
| Sept. 30, 2016 | 0.9823 |
| June 30, 2016 | 0.9814 |
| March 31, 2016 | 0.9834 |
| Dec. 31, 2015 | 0.9709 |
| Sept. 30, 2015 | 0.931 |
| June 30, 2015 | 1.038 |
| March 31, 2015 | 1.069 |
| Dec. 31, 2014 | 1.092 |
| Sept. 30, 2014 | 1.076 |
| June 30, 2014 | 1.099 |
| March 31, 2014 | 1.076 |
| Dec. 31, 2013 | 1.053 |
| Sept. 30, 2013 | 0.9897 |
| June 30, 2013 | 0.9639 |
| March 31, 2013 | 0.987 |
| Dec. 31, 2012 | 0.8951 |
| Sept. 30, 2012 | 0.9126 |
| June 30, 2012 | 0.8849 |
| March 31, 2012 | 0.9252 |
| Dec. 31, 2011 | 0.8275 |
| Sept. 30, 2011 | 0.7707 |
| June 30, 2011 | 0.9136 |
| 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 |
| March 31, 2005 | 0.9377 |
| Dec. 31, 2004 | 0.9531 |
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Tobin's Q Summary
- Last Value: 1.038
- Latest Period: Mar 2017
- Updated: Aug 2, 2017, 10:19 EDT
- Next Release:
- Frequency: Quarterly
- Adjustment: Not Seasonally Adjusted
- Long Term Average: 0.7507
- Value Previously: 0.9856
- Change From Previous: 5.34%
- Value One Year Ago: 0.9834
- Change From One Year Ago: 5.57%
- 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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