---
title: Warren Buffett looks at market cap-to-GDP as one indicator for how frothy or cheap the markets may be.
description: "The S&P 500 recently traded around 168% market cap-to-GDP vs the global equity markets at around 90%.\n\nThat suggests US stocks are .. exceptionally expensive. \n\nChart: Goldman, Markets & Mayhem"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Warren Buffett looks at market cap-to-GDP as one indicator for how frothy or cheap the markets may be.](https://blog.syzgroup.com/syz-the-moment/warren-buffett-looks-at-market-cap-to-gdp-as-one-indicator-for-how-frothy-or-cheap-the-markets-may-be)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Apr 22, 2025, 2:40:11 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/warren-buffett-looks-at-market-cap-to-gdp-as-one-indicator-for-how-frothy-or-cheap-the-markets-may-be)

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