Tobin's Q:
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.
- Category: Market Indexes
- Region: United States
- Report: Z.1 Flow of Funds Accounts of the United States
- Source: Federal Reserve
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Tobin's Q Historical Data
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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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