Tobin's Q (I:TQ)

1.429 for Q2 2023
More

Level Chart

Basic Info

Tobin's Q is at a current level of 1.429, up from 1.346 last quarter and up from 1.309 one year ago. This is a change of 6.17% from last quarter and 9.15% 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.
Report Z.1 Financial Accounts of the United States
Category Financial Sector Statistics
Region United States
Source Federal Reserve

Stats

Last Value 1.429
Latest Period Jun 2023
Last Updated Sep 8 2023, 12:50 EDT
Average Growth Rate 3.10%
Value from Last Quarter 1.346
Change from Last Quarter 6.17%
Value from 1 Year Ago 1.309
Change from 1 Year Ago 9.15%
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, 2023 1.429
March 31, 2023 1.346
December 31, 2022 1.276
September 30, 2022 1.272
June 30, 2022 1.309
March 31, 2022 1.515
December 31, 2021 1.560
September 30, 2021 1.536
June 30, 2021 1.623
March 31, 2021 1.591
December 31, 2020 1.564
September 30, 2020 1.461
June 30, 2020 1.392
March 31, 2020 1.175
December 31, 2019 1.362
September 30, 2019 1.306
June 30, 2019 1.308
March 31, 2019 1.341
December 31, 2018 1.244
September 30, 2018 1.391
June 30, 2018 1.325
March 31, 2018 1.291
December 31, 2017 1.298
September 30, 2017 1.273
June 30, 2017 1.264
Date Value
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
December 31, 2011 1.232
September 30, 2011 1.106
June 30, 2011 1.314
March 31, 2011 1.357

Basic Info

Tobin's Q is at a current level of 1.429, up from 1.346 last quarter and up from 1.309 one year ago. This is a change of 6.17% from last quarter and 9.15% 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.
Report Z.1 Financial Accounts of the United States
Category Financial Sector Statistics
Region United States
Source Federal Reserve

Stats

Last Value 1.429
Latest Period Jun 2023
Last Updated Sep 8 2023, 12:50 EDT
Average Growth Rate 3.10%
Value from Last Quarter 1.346
Change from Last Quarter 6.17%
Value from 1 Year Ago 1.309
Change from 1 Year Ago 9.15%
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