Tobin's Q
托宾Q
Stock FundamentalP2ValuationApplies to: US stocks
Definition
The ratio of market value to the replacement cost of assets.
Formula
(market cap + total liabilities) / total assets
How to read it
>1 above replacement cost (incentive to expand), <1 undervalued (a potential takeover target).
Outputratio/value
Data source: MKT+BS. Public knowledge, not investment advice.
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Reference metadata — public, well-known indicator definitions. Not investment advice.