Tobin's Q (I:TQ)
Level Chart
Basic Info
Tobin's Q is at a current level of 1.430, down from 1.484 last quarter and up from 1.337 one year ago. This is a change of -3.62% from last quarter and 6.99% 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 | 1.430 |
Latest Period | Sep 2023 |
Last Updated | Dec 7 2023, 13:06 EST |
Average Growth Rate | 3.09% |
Value from Last Quarter | 1.484 |
Change from Last Quarter | -3.62% |
Value from 1 Year Ago | 1.337 |
Change from 1 Year Ago | 6.99% |
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 |
---|---|
September 30, 2023 | 1.430 |
June 30, 2023 | 1.484 |
March 31, 2023 | 1.412 |
December 31, 2022 | 1.345 |
September 30, 2022 | 1.337 |
June 30, 2022 | 1.378 |
March 31, 2022 | 1.584 |
December 31, 2021 | 1.629 |
September 30, 2021 | 1.600 |
June 30, 2021 | 1.696 |
March 31, 2021 | 1.656 |
December 31, 2020 | 1.627 |
September 30, 2020 | 1.526 |
June 30, 2020 | 1.457 |
March 31, 2020 | 1.240 |
December 31, 2019 | 1.435 |
September 30, 2019 | 1.383 |
June 30, 2019 | 1.378 |
March 31, 2019 | 1.416 |
December 31, 2018 | 1.311 |
September 30, 2018 | 1.457 |
June 30, 2018 | 1.39 |
March 31, 2018 | 1.349 |
December 31, 2017 | 1.360 |
September 30, 2017 | 1.338 |
Date | Value |
---|---|
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 |
December 31, 2011 | 1.232 |
September 30, 2011 | 1.106 |
June 30, 2011 | 1.314 |
Basic Info
Tobin's Q is at a current level of 1.430, down from 1.484 last quarter and up from 1.337 one year ago. This is a change of -3.62% from last quarter and 6.99% 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 | 1.430 |
Latest Period | Sep 2023 |
Last Updated | Dec 7 2023, 13:06 EST |
Average Growth Rate | 3.09% |
Value from Last Quarter | 1.484 |
Change from Last Quarter | -3.62% |
Value from 1 Year Ago | 1.337 |
Change from 1 Year Ago | 6.99% |
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 |