This article seems odd to me. According to this article [1] a value of 1.1 is rather normal for the last couple of years and the value they are comparing it to

This article seems odd to me. According to this article [1] a value of 1.1 is rather normal for the last couple of years and the value they are comparing it to is an outlier (of the 2009 crisis). It's likely that the intangibles are driving the recent values above 1.0. Anyways: Stock prices _are_ high - just not sure if Tobin will help us finding the right way out :) [1] http://www.indexologyblog.com/2013/09/03/too-high-or-too-low-look-at-tobins-q/ http://www.indexologyblog.com/2013/09/03/too-high-or-too-low...