Tobin's Q:
Tobin's Q is at a current level of 1.045, a decrease of 0.1936 or 15.63% from last quarter. This is a decrease of 0.1175 or 10.11% from last year and is higher than the long term average of 0.7809.
- 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 | |
|---|---|
| Dec. 31, 2018 | 1.045 |
| Sept. 30, 2018 | 1.238 |
| June 30, 2018 | 1.158 |
| March 31, 2018 | 1.152 |
| Dec. 31, 2017 | 1.162 |
| Sept. 30, 2017 | 1.128 |
| June 30, 2017 | 1.109 |
| March 31, 2017 | 1.119 |
| Dec. 31, 2016 | 1.068 |
| Sept. 30, 2016 | 1.070 |
| June 30, 2016 | 1.078 |
| March 31, 2016 | 1.078 |
| Dec. 31, 2015 | 1.056 |
| Sept. 30, 2015 | 1.016 |
| June 30, 2015 | 1.124 |
| March 31, 2015 | 1.153 |
| Dec. 31, 2014 | 1.182 |
| Sept. 30, 2014 | 1.162 |
| June 30, 2014 | 1.186 |
| March 31, 2014 | 1.159 |
| Dec. 31, 2013 | 1.134 |
| Sept. 30, 2013 | 1.069 |
| June 30, 2013 | 1.044 |
| March 31, 2013 | 1.064 |
| Dec. 31, 2012 | 0.9676 |
| Sept. 30, 2012 | 0.9762 |
| June 30, 2012 | 0.9494 |
| March 31, 2012 | 1.006 |
| Dec. 31, 2011 | 0.9117 |
| Sept. 30, 2011 | 0.8425 |
| June 30, 2011 | 0.982 |
| March 31, 2011 | 0.9773 |
| Dec. 31, 2010 | 0.9425 |
| Sept. 30, 2010 | 0.8805 |
| June 30, 2010 | 0.8043 |
| March 31, 2010 | 0.951 |
| Dec. 31, 2009 | 0.9162 |
| Sept. 30, 2009 | 0.8884 |
| June 30, 2009 | 0.7358 |
| March 31, 2009 | 0.5979 |
| Dec. 31, 2008 | 0.6448 |
| Sept. 30, 2008 | 0.7668 |
| June 30, 2008 | 0.8728 |
| March 31, 2008 | 0.8432 |
| Dec. 31, 2007 | 0.8922 |
| Sept. 30, 2007 | 0.9236 |
| June 30, 2007 | 0.9458 |
| March 31, 2007 | 0.9687 |
| Dec. 31, 2006 | 0.97 |
| Sept. 30, 2006 | 0.918 |
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 | 1.045 |
| Latest Period | Dec 2018 |
| Last Updated | Mar 12 2019, 15:40 EDT |
| Next Release | |
| Average Growth Rate | 3.06% |
| Value from 1 Year Ago | 1.162 |
| Change from 1 Year Ago | -10.11% |
| 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
Related Indicators
| S&P 500 Monthly Return | 3.93% |
| VIX | 15.85 |
| Wilshire 5000 Total Market Index | 133.17 USD |
Excel Add-In Codes
- Indicator Code: I:TQ
- Indicator Name: =YCI("I:TQ","name")
- Data Point Example: =YCP("I:TQ")
- Data Series Example: =YCS("I:TQ",,-4)
To find the codes for any of our financial metrics, see our Complete Reference of Metric Codes.
Access our powerful Excel Add-in with a YCharts Professional Membership. Learn More.
