Level Chart

Basic Info

Tobin's Q is at a current level of 1.758, up from 1.716 last quarter and up from 1.502 one year ago. This is a change of 2.43% from last quarter and 17.01% 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.

Stats

Last Value 1.758
Latest Period Jun 2024
Last Updated Sep 12 2024, 15:28 EDT
Average Growth Rate 3.35%
Value from Last Quarter 1.716
Change from Last Quarter 2.43%
Value from 1 Year Ago 1.502
Change from 1 Year Ago 17.01%
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

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Date Value
June 30, 2024 1.758
March 31, 2024 1.716
December 31, 2023 1.608
September 30, 2023 1.472
June 30, 2023 1.502
March 31, 2023 1.434
December 31, 2022 1.354
September 30, 2022 1.360
June 30, 2022 1.402
March 31, 2022 1.609
December 31, 2021 1.649
September 30, 2021 1.619
June 30, 2021 1.716
March 31, 2021 1.676
December 31, 2020 1.638
September 30, 2020 1.536
June 30, 2020 1.469
March 31, 2020 1.240
December 31, 2019 1.440
September 30, 2019 1.389
June 30, 2019 1.386
March 31, 2019 1.424
December 31, 2018 1.317
September 30, 2018 1.460
June 30, 2018 1.395
Date Value
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
June 30, 2012 1.309
March 31, 2012 1.378

Basic Info

Tobin's Q is at a current level of 1.758, up from 1.716 last quarter and up from 1.502 one year ago. This is a change of 2.43% from last quarter and 17.01% 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.

Stats

Last Value 1.758
Latest Period Jun 2024
Last Updated Sep 12 2024, 15:28 EDT
Average Growth Rate 3.35%
Value from Last Quarter 1.716
Change from Last Quarter 2.43%
Value from 1 Year Ago 1.502
Change from 1 Year Ago 17.01%
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