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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.
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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.
Discussions

The Buffett Indicator Model signals an overvalued stock market. Worrisome?
It’s fairly well documented that the Buffett Indicator becomes less reliable as the world becomes more globalized. Take Apple for example: Massive American company with ~$400B in yearly revenue. Since iPhones are manufactured in China, almost none of their business counts towards the US GDP. But all of it counts towards the US stock market. And therein lies the problem. You can’t solely look at the domestic product of a country when its businesses are getting increasingly large % of revenue internationally. More on reddit.com
🌐 r/StockMarket
39
66
August 5, 2023
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
🌐 r/IndianStockMarket
10
130
March 6, 2025
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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 ...
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MacroMicro
en.macromicro.me › cross-country-database › buffett-indicator
Buffett Indicator France
The market capitalization to GDP ratio, also known as the Buffett indicator, represents the proportion of stock prices to actual economic growth. Through this ratio, investors can see whether the growth in stock market value is genuinely supported by real economic growth.
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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 ...
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Advisor Perspectives
advisorperspectives.com › dshort › updates › 2026 › 01 › 07 › buffett-valuation-indicator-market-cap-gdp-december-2025
Buffett Valuation Indicator: December 2025 - dshort - Advisor Perspectives
It is a measure of the total market value of all publicly-traded stocks in a country divided by the country's GDP and can be used as a way to assess whether the country's stock market is undervalued, fair valued, or overvalued.
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Longtermtrends
longtermtrends.com › market-cap-to-gdp-the-buffett-indicator
The Buffett Indicator: Market Cap to GDP - Updated Chart | LongtermTrends
This statement has drawn attention ... the Buffett Indicator involves dividing the total market value of all publicly-traded stocks within a country by the country's Gross Domestic Product (GDP)....
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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 ·
Find elsewhere
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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....
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MacroMicro
en.macromicro.me › series › 617 › wilshire5000-to-gdp
US - Buffett Indicator | Series | MacroMicro
12 hours 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).
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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 ...
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PrimeInvestor
primeinvestor.in › reports › buffett-indicator-and-market-valuation
Is the Buffett indicator (Market cap to GDP ratio) the right indicator for stock market valuation? - PrimeInvestor
July 6, 2024 - But the stock market data points out to significantly higher market capitalisation for France than Germany. How? In fact, France has a Buffett indicator ( market cap to GDP ratio) of 1.1 while it is only 0.6 for Germany.
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Advisor Perspectives
advisorperspectives.com › dshort › updates › 2025 › 10 › 09 › buffett-valuation-indicator-market-cap-gdp-september-2025
Buffett Valuation Indicator: September 2025 - dshort - Advisor Perspectives
It is a measure of the total market value of all publicly-traded stocks in a country divided by the country's GDP and can be used as a way to assess whether the country's stock market is undervalued, fair valued, or overvalued.
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Advisor Perspectives
advisorperspectives.com › dshort › updates › 2025 › 09 › 03 › buffett-valuation-indicator-market-cap-gdp-august-2025
Buffett Valuation Indicator: August 2025 - dshort
September 3, 2025 - It is a measure of the total market value of all publicly-traded stocks in a country divided by the country's GDP and can be used as a way to assess whether the country's stock market is undervalued, fair valued, or overvalued.
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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.
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ResearchGate
researchgate.net › publication › 351094911_The_Buffett_Indicator_An_International_Examination_The_Buffett_Indicator_An_International_Examination
(PDF) The Buffett Indicator: An International Examination The Buffett Indicator: An International Examination
April 7, 2021 - significance of the results. We find the Buffett Indicator’s ability to forecast future stock returns · to be mixed. Overall, there is some significant negative relationship between a country’s Buffett
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Appreciate
appreciatewealth.com › learn › buffett indicator: how it determines us market valuations
Buffett Indicator - How it Determines US Market Valuations - Appreciate
July 9, 2025 - Popularized by Warren Buffett, it suggests caution when it is over the historic long-term average, such as the United States at 160% and India at 133%. This is a useful long-term indicator of potential bubbles, though it does not capture global ...