Stats Valuation Buffett indicator

US market value is 235.6% of GDP against a 164.5% average

Long run avg 164.5%Now 235.6%50%250%

The scale here is illustrative of the range the measure has occupied in the modern era, not the full historical minimum and maximum, which are not published on a consistent basis by the source.

The Buffett indicator divides the total value of US listed companies by US GDP. It reads 235.6%, roughly 71 percentage points above its long run average of 164.5%. Foreign earnings and a shrinking listed market have lifted the ratio for reasons unrelated to valuation.

235.6%Market cap to GDP
164.5%Long run average
233.8%On a GNP basis
27 Jun 2026Reading taken

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