Level Chart

Basic Info

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.

Tobin's Q is at a current level of 1.308, down from 1.580 last quarter and down from 1.746 one year ago. This is a change of -17.24% from last quarter and -25.08% from one year ago.

Stats

Last Value 1.308
Latest Period Jun 2022
Last Updated Sep 9 2022, 15:13 EDT
Next Release
Average Growth Rate 3.08%
Value from Last Quarter 1.580
Change from Last Quarter -17.24%
Value from 1 Year Ago 1.746
Change from 1 Year Ago -25.08%
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

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Date Value
June 30, 2022 1.308
March 31, 2022 1.580
December 31, 2021 1.709
September 30, 2021 1.668
June 30, 2021 1.746
March 31, 2021 1.693
December 31, 2020 1.635
September 30, 2020 1.475
June 30, 2020 1.369
March 31, 2020 1.120
December 31, 2019 1.397
September 30, 2019 1.309
June 30, 2019 1.342
March 31, 2019 1.366
December 31, 2018 1.219
September 30, 2018 1.440
June 30, 2018 1.352
March 31, 2018 1.345
December 31, 2017 1.355
September 30, 2017 1.328
June 30, 2017 1.324
March 31, 2017 1.339
December 31, 2016 1.270
September 30, 2016 1.272
June 30, 2016 1.290
Date Value
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
December 31, 2010 1.298
September 30, 2010 1.014
June 30, 2010 0.9061
March 31, 2010 1.095

Basic Info

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.

Tobin's Q is at a current level of 1.308, down from 1.580 last quarter and down from 1.746 one year ago. This is a change of -17.24% from last quarter and -25.08% from one year ago.

Stats

Last Value 1.308
Latest Period Jun 2022
Last Updated Sep 9 2022, 15:13 EDT
Next Release
Average Growth Rate 3.08%
Value from Last Quarter 1.580
Change from Last Quarter -17.24%
Value from 1 Year Ago 1.746
Change from 1 Year Ago -25.08%
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