A further measure that has signalled market tops and bottoms over the years is known as q. This refers to the ratio of the value of a company to its net worth - the value of the equity on its balance sheet. Again, over time, the market value of a company will tend to converge on this measure. Again, after being overvalued for more than a decade, stocks now appear to be at about fair value according to q.
另一個多年來一直預示著股市頂部和底部的衡量標準被稱作q。它指的是公司股票市值與公司淨值（資產負債表上的權益價值）之間的比率。公司市值又會逐漸趨向這一標準。根據q比率，在被高估逾10年後，股價如今似乎再一次處於合理價值。
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