← Current NBI reading
Normalized Buffett Indicator (NBI)
Retained public reading from data as of September 11, 2026.
ValuationPublic definition v1.0
86Ruinous
86/100 · Ruinous
What this retained reading represents
NBI compares total U.S. equity market capitalization with GDP, then normalizes that valuation relationship by the 24-month simple moving average of S&P 500 profit margins.
This permalink preserves an explicitly retained public benchmark reading. It does not expose or imply access to the indicator's complete historical dataset.
Stable citation
Grizzly Bulls, Normalized Buffett Indicator (NBI), 86/100 (Ruinous), data as of Sep 11, 2026. https://grizzlybulls.com/indicators/normalized-buffett-indicator/observations/2026-09-11