2009

2010

2011

2012

2013

Tobin’s Q

No. of Companies

Cumulative Tobin’s Q (%)

No. of Companies

Cumulative Tobin’s Q (%)

No. of Companies

Cumulative Tobin’s Q (%)

No. of Companies

Cumulative Tobin’s Q (%)

No. of Companies

Cumulative Tobin’s Q (%)

<0

7

1.59

7

1.53

5

1.05

10

2.06

8

1.62

0 - 1

171

40.45

42

10.72

48

11.13

104

23.46

126

27.07

1 - 3

187

82.95

211

56.89

240

61.55

211

66.87

193

66.06

3 - 5

43

92.73

107

80.31

90

80.46

82

83.74

76

81.41

5 - 7

17

96.59

37

88.40

36

88.03

36

91.15

37

88.89

7 - 15

9

98.64

40

97.16

40

96.43

25

96.30

32

95.35

>15

6

100.00

13

100.00

17

100.00

18

100.00

23

100.00

Total

440

457

476

486

495