{"id":8418,"date":"2023-03-27T17:10:51","date_gmt":"2023-03-27T17:10:51","guid":{"rendered":"http:\/\/champions-international.com\/?p=8418"},"modified":"2025-01-10T00:09:34","modified_gmt":"2025-01-10T00:09:34","slug":"india-market-capitalization-to-gdp-ratio-2015-2","status":"publish","type":"post","link":"https:\/\/champions-international.com\/?p=8418","title":{"rendered":"India market capitalization to GDP ratio 2015"},"content":{"rendered":"<p><img decoding=\"async\" src=\"data:image\/jpg;base64,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\" width=\"707px\" alt=\"market cap to gdp ratio india\"\/><\/p>\n<p><p>The ratio compares the value of all stocks at an aggregate level to the value of the country&#8217;s total output. The result of this calculation is the percentage of GDP that represents stock market value. The market cap to GDP ratio is a reflection of the valuation of listed enterprises vis-a-vis the value of goods and services produced in an economy. In theory, equity valuations should be linked to earnings expectations, which in turn are linked to the underlying economy. The indicator was popularised by the likes of Warren Buffet, who cited it as a key metric he watches. However, not everyone believes that the indicator is relevant to India.<\/p>\n<\/p>\n<p><div style='text-align:center'><iframe width='564' height='319' src='https:\/\/www.youtube.com\/embed\/8hnIg4cI8Lo' frameborder='0' alt='market cap to gdp ratio india' allowfullscreen><\/iframe><\/div>\n<\/p>\n<p><h2>Market capitalization of listed domestic companies as share of gross domestic product in India from 2005 to 2022<\/h2>\n<\/p>\n<ol>\n<li>The market cap to GDP ratio is a reflection of the valuation of listed enterprises vis-a-vis the value of goods and services produced in an economy.<\/li>\n<li>For the full year, the government\u2019s statistical office has estimated growth at 6.5 percent.<\/li>\n<li>This indicates that the Indian stock market has outpaced economic growth.<\/li>\n<li>This simple ratio gauges whether a market is overvalued or undervalued by comparing the total value of all publicly traded stocks in a country to the country\u2019s GDP.<\/li>\n<\/ol>\n<p><p>Still, data from Bloomberg shows that the market cap to GDP ratio is above 100 percent for the first time since 2007. The indicator is not strictly comparable over time since the set of listed companies continues to change as new firms enter the market and some exit. As benchmark equity indices move from one record high to the next, indicators that reflect the value of listed firms vis-a-vis fundamental of the economy are flashing red.<\/p>\n<\/p>\n<p><p>In this case, 151.7% of GDP represents the overall stock market value and indicates it is overvalued. India has potential, but its current valuations suggest risk outweighs reward. Market value of above ground world gold stocks to world GDP ratio hits 16.9% in September 2024, four times more than 2000.<\/p>\n<\/p>\n<p><div style='text-align:center'><iframe width='565' height='311' src='https:\/\/www.youtube.com\/embed\/uLWnQqc_yPQ' frameborder='0' alt='market cap to gdp ratio india' allowfullscreen><\/iframe><\/div>\n<\/p>\n<p><h2>India Economy: Markets Sense the Scent of a&nbsp;Slowdown<\/h2>\n<\/p>\n<ol>\n<li>Some argue that listed enterprises in India may represent a smaller subset of industries where growth is higher than in the broader economy.<\/li>\n<li>A reading above 100% suggests an overvalued market, while a lower reading indicates potential undervaluation.<\/li>\n<li>As a stock analyst, it will be interesting to see the difference in values between the P\/E and CAPE ratios.<\/li>\n<li>The indicator was popularised by the likes of Warren Buffet, who cited it as a key metric he watches.<\/li>\n<li>Market value of above ground world gold stocks to world GDP ratio hits 16.9% in September 2024, four times more than 2000.<\/li>\n<li>The use of the stock market capitalization-to-GDP ratio increased in prominence after Warren Buffett once commented that it was &#8220;probably the best single measure of where valuations stand at any given moment.&#8221;<\/li>\n<\/ol>\n<p><p>The CAPE ratio provides a more stable measure of market valuation by using a 10-year average rather than one year, offering insights into long-term trends and potential over- or undervaluation. This market cap to GDP ratio is impacted by trends in the initial public offering (IPO) market&nbsp;and the percentage of companies that are publicly traded compared to those that are private. It indicates that investors are willing to pay 20 times the average earnings over the past decade, adjusted for inflation.<\/p>\n<\/p>\n<p><p>A reading above 100% suggests an overvalued market, while a lower reading indicates potential undervaluation. The market cap to the global GDP ratio can also be calculated instead of the ratio for a specific market. The World Bank releases data on the Stock Market Capitalization to GDP for World which was 92% in 2018. For a conservative, value-focused investor like Buffett, the Indian market\u2019s inflated indicators are a turnoff. These signals don\u2019t align with his investment philosophy, which focuses on intrinsic value and steady growth.<\/p>\n<\/p>\n<p><p>Some argue that listed enterprises in India may represent a smaller subset of industries where growth is higher than in the broader economy. To calculate the total value of all publicly traded stocks in the U.S., most analysts use The Wilshire 5000 Total Market Index, which is an index that represents the value of all stocks in the U.S. markets. The quarterly GDP&nbsp;is used as the denominator in the ratio calculation. This simple ratio gauges whether a market is overvalued or undervalued by comparing the total value of all publicly traded stocks in a country to the country\u2019s GDP.<\/p>\n<\/p>\n<p><img decoding=\"async\" src=\"data:image\/jpg;base64,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\" width=\"702px\" alt=\"market cap to gdp ratio india\"\/><\/p>\n<p><p>For the full year, the  government\u2019s statistical office has estimated growth at 6.5 percent. Indian equity markets have mostly ignored signs of economic sluggishness and surged due to strong inflows of domestic and overseas capital. Also, the market may be fair valued if the ratio falls between 75% and 90%, and modestly overvalued if it falls within the range of 90% and 115%.<\/p>\n<\/p>\n<p><h2>RELEASE TABLES<\/h2>\n<\/p>\n<div itemScope itemProp=\"mainEntity\" itemType=\"https:\/\/schema.org\/Question\">\n<div itemProp=\"name\">\n<h3>Is SBI Undervalued or overvalued?<\/h3>\n<\/div>\n<div itemScope itemProp=\"acceptedAnswer\" itemType=\"https:\/\/schema.org\/Answer\">\n<div itemProp=\"text\">\n<p>The intrinsic value of one SBIN stock under the Base Case scenario is 822.67 INR. Compared to the current market price of 778.2 INR, State Bank of India is Undervalued by 5%.<\/p>\n<\/div><\/div>\n<\/div>\n<p><p>The use of the stock market capitalization-to-GDP ratio increased in prominence after Warren Buffett once commented that it was &#8220;probably the best single measure of where valuations stand at any given moment.&#8221; This indicates that the Indian stock market has outpaced economic growth. A high Buffett Indicator may mean that stocks are overpriced compared to the GDP they rest on, potentially setting investors up for losses if the economy can&#8217;t support these inflated values. GDP growth in the second quarter of fiscal 2018 rose to 6.3 percent from 5.7 percent in the first quarter.<\/p>\n<\/p>\n<div itemScope itemProp=\"mainEntity\" itemType=\"https:\/\/schema.org\/Question\">\n<div itemProp=\"name\">\n<h3>What is a good GDP to market cap ratio?<\/h3>\n<\/div>\n<div itemScope itemProp=\"acceptedAnswer\" itemType=\"https:\/\/schema.org\/Answer\">\n<div itemProp=\"text\">\n<p>If the ratio falls between 0.75 to 0.9, or 75% to 90%, it is said to be modestly valued or valued fairly. Lastly, if the ratio falls within the range of 0.9 to 1.15, or 90% to 115%, it is considered to be a modest overvaluation of the market.<\/p>\n<\/div><\/div>\n<\/div>\n<p><h2>Calculating the CAPE ratio<\/h2>\n<\/p>\n<p><p>However, in 2003, the ratio was around 130%, which was still overvalued, but the market went on to produce all-time highs over the next few years. Here\u2019s a breakdown of what this indicator is, why India\u2019s market is raising eyebrows, and  <a href=\"https:\/\/www.1investing.in\/buffett-indicator-the-percent-of-whole-market-cap\/\">market cap to gdp ratio india<\/a> why Buffett wouldn\u2019t likely pour money into it anytime soon. Industry-specific and extensively researched technical data (partially from exclusive partnerships).<\/p>\n<\/p>\n<p><h2>\ud83c\uddfa\ud83c\uddf8 High Valuations, Higher Competition: Where FIIs Are Flocking?<\/h2>\n<\/p>\n<p><p>The stock market capitalization-to-GDP ratio is a ratio used to determine whether an overall market is undervalued or overvalued&nbsp;compared to a historical average. The ratio can be used to focus on specific markets, such as the U.S. market, or it can be applied to the global market, depending on what values are used in the calculation. It is calculated by dividing the stock market cap by gross domestic product (GDP). The stock market capitalization-to-GDP ratio is also known as the Buffett Indicator\u2014after investor Warren Buffett, who popularized its use. It is a measure of the total value of all publicly traded stocks in a market divided by that economy&#8217;s gross domestic product (GDP).<\/p>\n<\/p>\n<p><p>In recent years, however, determining what percentage level is accurate in showing undervaluation and overvaluation has been hotly debated, given that the ratio has been trending higher over a long period of time. Typically, a result that is greater than 100% is said to show that the market is overvalued, while a value of around 50%, which is near the historical average for the U.S. market, is said to show undervaluation. If the valuation ratio falls between 50% and 75%, the market can be said to be modestly undervalued.<\/p>\n<\/p>\n<div itemScope itemProp=\"mainEntity\" itemType=\"https:\/\/schema.org\/Question\">\n<div itemProp=\"name\">\n<h3>What is capital market to GDP ratio?<\/h3>\n<\/div>\n<div itemScope itemProp=\"acceptedAnswer\" itemType=\"https:\/\/schema.org\/Answer\">\n<div itemProp=\"text\">\n<p>What the Stock Market Capitalization-to-GDP Ratio Can Tell You. It is a measure of the total value of all publicly traded stocks in a market divided by that economy&apos;s gross domestic product (GDP). The ratio compares the value of all stocks at an aggregate level to the value of the country&apos;s total output.<\/p>\n<\/div><\/div>\n<\/div>\n<p><div style='text-align:center'><iframe width='566' height='312' src='https:\/\/www.youtube.com\/embed\/CqZFGdvl0PA' frameborder='0' alt='market cap to gdp ratio india' allowfullscreen><\/iframe><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ratio compares the value of all stocks at an aggregate level to the value of the country&#8217;s total output. The result of this calculation is the percentage of GDP &hellip; <a href=\"https:\/\/champions-international.com\/?p=8418\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">India market capitalization to GDP ratio 2015<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[],"class_list":["post-8418","post","type-post","status-publish","format-standard","hentry","category-forex-trading"],"_links":{"self":[{"href":"https:\/\/champions-international.com\/index.php?rest_route=\/wp\/v2\/posts\/8418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/champions-international.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/champions-international.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/champions-international.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/champions-international.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8418"}],"version-history":[{"count":1,"href":"https:\/\/champions-international.com\/index.php?rest_route=\/wp\/v2\/posts\/8418\/revisions"}],"predecessor-version":[{"id":8419,"href":"https:\/\/champions-international.com\/index.php?rest_route=\/wp\/v2\/posts\/8418\/revisions\/8419"}],"wp:attachment":[{"href":"https:\/\/champions-international.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/champions-international.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/champions-international.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}