Tobin's Q (I:TQ)
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. |
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
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. |
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 |