Tobin's Q:

1.238 for Q3 2018
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Tobin's Q is at a current level of 1.238, an increase of 0.0747 or 6.42% from last quarter. This is an increase of 0.1123 or 9.98% from last year and is higher than the long term average of 0.7797.

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Tobin's Q Historical Data

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Export Data Date Range:
Data for this Date Range  
Sept. 30, 2018 1.238
June 30, 2018 1.163
March 31, 2018 1.148
Dec. 31, 2017 1.160
Sept. 30, 2017 1.126
June 30, 2017 1.107
March 31, 2017 1.116
Dec. 31, 2016 1.063
Sept. 30, 2016 1.067
June 30, 2016 1.076
March 31, 2016 1.076
Dec. 31, 2015 1.053
Sept. 30, 2015 1.014
June 30, 2015 1.123
March 31, 2015 1.154
Dec. 31, 2014 1.179
Sept. 30, 2014 1.160
June 30, 2014 1.184
March 31, 2014 1.158
Dec. 31, 2013 1.132
Sept. 30, 2013 1.071
June 30, 2013 1.043
March 31, 2013 1.063
Dec. 31, 2012 0.9669
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
June 30, 2006 0.9372

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Tobin's Q Summary

  • Last Value: 1.238
  • Latest Period: Sep 2018
  • Updated: Dec 6, 2018, 18:06 EST
  • Next Release:
  • Frequency: Quarterly
  • Adjustment: Not Seasonally Adjusted
  • Long Term Average: 0.7797
  • Value Previously: 1.163
  • Change From Previous: 6.42%
  • Value One Year Ago: 1.126
  • Change From One Year Ago: 9.98%
  • 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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