Buffett Indicator
Total Market Cap to GDP — Historical Chart
224.0%
▲ 5.55% YoYJan 2025
All-Time High
224.0%
All-Time Low
36.6%
Data Since
1975
Source: FRED / World BankShaded = NBER recessions
Total US stock market capitalization as a percentage of GDP — Warren Buffett's preferred long-term valuation gauge. "Probably the best single measure of where valuations stand at any given moment." Readings above 100% historically signal an overvalued market; below 75% suggest undervaluation.