what does Tobin's Q do?

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See “Application”.

from that link High Tobin’s q values encourage companies to invest more in capital because they are “worth” more than the price they paid for them. On the other hand, if Tobin’s q is less than 1, the market value is less than the recorded value of the assets of the company. This suggests that the market may be undervaluing the company. so is a high q good or a low q?

bro, I also need help on making a definitive list of components for the total pension costs (expense + OCI) components under gaap and ifrs. I’ve seen schweser, elan and cfai have some slightly different equations. I want to see your version.



is this in curriculum?

2000 posts and a CFA candiadate. Are you serious you dont know this?