quarterly · ratio

US corporate equity market value / M2

How large is the quoted value of US nonfinancial corporations relative to the money supply?

Data through Q1 2026
0.001.002.003.004.00Q1 1959Q3 1972Q4 1985Q2 1999Q3 2012Q1 2026
Corporate equity / M2
US corporate equity market value / M2: summary statistics (Max range)
SeriesFirstLatestMinMax
Corporate equity / M21.163.100.603.48
Source:Federal Reserve Economic Data (FRED)NCBEILQ027S· Data may be revised by the source.
  • Latest chart point (2026-01-01) predates the newest source observation (2026-05-01); one input series may be lagging.

Formula(NCBEILQ027S in $m / 1,000) / M2SL in $bn
Methodology

Market value of domestic nonfinancial corporations' equity (NCBEILQ027S, millions of dollars) divided by the M2 money supply (M2SL, billions of dollars). Both series are quarterly. We do not call this 'total stock-market capitalisation / M2' because NCBEILQ027S covers nonfinancial corporations only and excludes financials and foreign listings.

Freshness
Data through
Q1 2026
Last refreshed
23 Jul 2026
Native frequency
quarterly

The site is refreshed separately from the source. Data through = the latest observation published by FRED; last refreshed = when PIER20 last fetched the file.

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