MacroMicro
en.macromicro.me › charts › 99946 › world-market-cap-to-gdp
World - Stock Market Capitalization by Country (% of GDP) | MacroMicro
October 27, 2025 - The ratio of total stock market capitalization to GDP measures the stock market's value relative to economic growth. We can use this ratio to assess whether stock valuations are growing out of solid GDP support.
GuruFocus
gurufocus.com › global market valuations
Buffett Indicator: Global Stock Market Valuations and Forecasts
The indicators we use are still the percentages of the total market caps of these countries over their own GDPs and the modified indicator, TMC / (GDP + Total Assets of Central Bank) ratio. As pointed out by Warren Buffett, the percentage of total market cap (TMC) relative to the U.S.
The Buffett Indicator, named after Warren Buffett, measures market valuation by dividing a country's total stock market value by its GDP. A ratio of 100% suggests fair market. For example, if stocks are worth $50 trillion and GDP is $25 trillion, a 200% ratio would suggest the market is overvalued.
Incase anyone is wondering, the figure today is 208%. Make of that what you will. More on reddit.com
Buffett wasn’t just smart. He had the perfect setup.
They were both born in rich and influential families. So raising capital was never an issue for them. Average Joe can’t even imagine getting close to them doing what they did. They were just rich who got richer, i guess we are not hearing this for the first time. More on reddit.com
Is anyone here using the Buffett Indicator when buying indices?
buffett said that gdp to market cap ratio, wasn't designed for current interest rate environment , only accurate when interest above 2% or so , same goes for shiller pe on lower interest , you can allow to buy higher valueations as oppossed to higher interest rate environment then it needs to be really cheap , because you now have alternative investment like corporate bonds and such , that you don't have to take alot of risk with stocks,on lower interest rate environment you have to take some risk otherwise you will lose money anyway,from stuff like inflation and such More on reddit.com
Thoughts on the 'Buffett Indicator' as a metric for market valuation?
When I tested various market valuation measures with cross validation, Market cap to GDP did not do much better than a constant. That means it's probably overfitted and not very useful. CAPE and market allocation to equity did better, though they and any valuation metric will have weaknesses as discussed here http://www.philosophicaleconomics.com/2014/06/sixpercent/
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Siblis Research
siblisresearch.com › data › market-cap-to-gdp-ratios
Market Cap to GDP Ratios by Country (2025) | Siblis Research
March 19, 2025 - The table below displays the total market cap-to-GNI (GDP) ratios for the world’s largest economies. This ratio, also known as the Buffett Indicator, can be used to assess a country’s stock market valuation by comparing its current level to historical averages, providing possible insight ...
Current Market Valuation
currentmarketvaluation.com › models › buffett-indicator.php
Buffett Indicator Shows Stock Market is Strongly Overvalued
A second fair criticism of the Buffett Indicator is that the stock market valuation reflects international activity while GDP does not. Though GDP does include national exports, it would not include something like the sales Amazon makes in India (sourced from Indian fulfillment centers and sellers). However, Amazon's India business is definitely priced into its overall stock price, which is listed in the USA. Imagine if the Indian government banned Amazon from the country ...
Wikipedia
en.wikipedia.org › wiki › List_of_countries_by_stock_market_capitalization
List of countries by stock market capitalization - Wikipedia
1 week ago - The following list sorts countries by the total market capitalization of all domestic companies listed in the country, according to data from the World Bank. Market capitalization, commonly called market cap, is the market value of a publicly traded company's outstanding shares. List of public corporations by market capitalization · List of ASEAN stock exchanges by market capitalization · List of major stock exchanges · Buffett indicator ·
World Bank
data.worldbank.org › indicator › CM.MKT.LCAP.GD.ZS
Market capitalization of listed domestic companies (% of GDP) | Data
Market capitalization of listed domestic companies (% of GDP) from The World Bank: Data
Thebuffettindicator
thebuffettindicator.com
The Buffett Indicator |
Different countries and markets ... and stock markets. For example, countries with a higher proportion of private companies might show a lower Buffett Indicator ratio, while countries with large public sectors may display a higher ratio....
Wikipedia
en.wikipedia.org › wiki › Buffett_indicator
Buffett indicator - Wikipedia
June 30, 2025 - A study by two European academics published in May, 2022 found the Buffett Indicator "explains a large fraction of ten-year return variation for the majority of countries outside the United States". The study examined 10-year periods in fourteen developed markets, in most cases with data starting ...
Facebook
facebook.com › growwapp › posts › how-does-a-countrys-stock-market-compare-to-its-gdpthe-buffett-indicator-divides › 901934262026250
How does a country's stock market compare to its GDP ...
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MacroMicro
en.macromicro.me › series › 617 › wilshire5000-to-gdp
US - Buffett Indicator | Series | MacroMicro
4 days ago - The US - Market Cap (% of GDP) data, commonly referred to as the Buffet Indicator, represents the ratio of the total market value of all publicly listed companies in the US stock market to the country's Gross Domestic Product (GDP).
Corporate Finance Institute
corporatefinanceinstitute.com › home › resources › market cap to gdp ratio (the buffett indicator)
Market Cap to GDP Ratio - How the Buffett Indicator Works
November 14, 2024 - The Market Cap to GDP Ratio (also known as the Buffett Indicator) is a measure of the total value of all publicly-traded stocks in a country, divided by that country’s Gross Domestic Product (GDP). It used as a broad way of assessing whether the country’s stock market is overvalued or undervalued, compared to a historical average.
Fortune
fortune.com › 2025 › 09 › 30 › warren-buffett-indicator-surge-markets-economy-what-it-means
The 'Warren Buffett Indicator' has surged above 200%, meaning the market's price is far ahead of the economy's size | Fortune
September 30, 2025 - The “Warren Buffett Indicator” is a simple yardstick that compares the total U.S. stock market’s value to the size of the U.S. economy. It’s recently surged above 200%, a level Buffett once warned is like “playing with fire,” signaling stretched valuations versus economic output. It’s soared because market values have risen far faster than GDP, driven by mega-cap gains and optimism, pushing the ratio to roughly 217%—well above long-term norms and prior peaks—suggesting elevated risk if profits or growth don’t keep up.