Tobin's Q:
Tobin's Q is at a current level of 1164.42, an increase of 13.58 or 1.18% from last quarter. This is an increase of 60.06 or 5.44% from last year and is higher than the long term average of 102.03.
- 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 | |
|---|---|
| June 30, 2018 | 1164.42 |
| March 31, 2018 | 1150.84 |
| Dec. 31, 2017 | 1160.63 |
| Sept. 30, 2017 | 1120.56 |
| June 30, 2017 | 1104.36 |
| March 31, 2017 | 1113.73 |
| Dec. 31, 2016 | 1059.07 |
| Sept. 30, 2016 | 1062.05 |
| June 30, 2016 | 1070.92 |
| March 31, 2016 | 1068.57 |
| Dec. 31, 2015 | 1049.00 |
| Sept. 30, 2015 | 1007.94 |
| June 30, 2015 | 1118.01 |
| March 31, 2015 | 1146.66 |
| Dec. 31, 2014 | 1173.91 |
| Sept. 30, 2014 | 1158.89 |
| June 30, 2014 | 1185.65 |
| March 31, 2014 | 1156.64 |
| Dec. 31, 2013 | 1129.86 |
| Sept. 30, 2013 | 1066.94 |
| June 30, 2013 | 1040.48 |
| March 31, 2013 | 1063.37 |
| Dec. 31, 2012 | 966.09 |
| Sept. 30, 2012 | 978.95 |
| June 30, 2012 | 949.41 |
| March 31, 2012 | 0.9449 |
| Dec. 31, 2011 | 0.8502 |
| Sept. 30, 2011 | 0.781 |
| June 30, 2011 | 0.9221 |
| March 31, 2011 | 0.9192 |
| Dec. 31, 2010 | 0.8901 |
| Sept. 30, 2010 | 0.8275 |
| June 30, 2010 | 0.7508 |
| March 31, 2010 | 0.8955 |
| Dec. 31, 2009 | 0.856 |
| Sept. 30, 2009 | 0.82 |
| June 30, 2009 | 0.7003 |
| March 31, 2009 | 0.5666 |
| Dec. 31, 2008 | 0.6149 |
| Sept. 30, 2008 | 0.7373 |
| June 30, 2008 | 0.843 |
| March 31, 2008 | 0.8127 |
| Dec. 31, 2007 | 0.8611 |
| Sept. 30, 2007 | 0.8921 |
| June 30, 2007 | 0.9144 |
| March 31, 2007 | 0.9366 |
| Dec. 31, 2006 | 0.9385 |
| Sept. 30, 2006 | 0.8792 |
| June 30, 2006 | 0.8908 |
| March 31, 2006 | 0.958 |
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Tobin's Q Summary
- Last Value: 1164.42
- Latest Period: Jun 2018
- Updated: Sep 27, 2018, 15:00 EDT
- Next Release: Dec 6, 2018, 12:00 EST
- Frequency: Quarterly
- Adjustment: Not Seasonally Adjusted
- Long Term Average: 102.03
- Value Previously: 1150.84
- Change From Previous: 1.18%
- Value One Year Ago: 1104.36
- Change From One Year Ago: 5.44%
- 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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