Updated Graph of U.S. Buffett Indicator (3rd quarter, 2025)

This page presents the updated graph of the Buffett Indicator for the US stock markets. The stock price of the AI industry has increased, and the Wilshire 5000 has increased by 12.5% since the previous quarter. The last quarter’s drop in the Wilshire 5000 resulted from the Trump tariffs, but it recovered within one quarter.

Year	Quarter	Nominal GDP (red, left scale)	Wilshire 5000 Price Index Quarterly mean (blue, right scale)	Wilshire 5000 Price Index Fitted value (red, right scale)	Wilshire 5000 Price Index Quarterly mean / Fitted value
2021	1st	22,681	40,525	27,274	1.49
	2nd	23,426	43,581	28,535	1.53
	3rd	23,982	45,826	29,487	1.55
	4th	24,814	47,519	30,925	1.54
2022	1st	25,250	45,565	31,688	1.44
	2nd	25,861	41,627	32,764	1.27
	3rd	26,336	40,448	33,608	1.20
	4th	26,771	39,099	34,385	1.14
2023	1st	27,216	40640	35,188	1.15
	2nd	27,530	42,370	35,756	1.18
	3rd	28,075	44,978	36,749	1.22
	4th	28,425	44,870	37,390	1.20
2024	1st	28,708	50,233	37,913	1.32
	2nd	29,147	51,877	38,725	1.34
	3rd	29,512	54,340	39,404	1.38
	4th	29,825	58,277	39,990	1.46
2025	1st	30,042	58,061	40,397	1.44
	2nd	30,486	56,231	41,233	1.36
	3rd	N/A	63,253	N/A	N/A