Markets & Economy
Study: Intangible Assets Now Dominate S&P 500 Valuations, Rewriting Capital Markets
A new Ocean Tomo study, published by J.S. Held, finds that intangible assets now comprise the vast majority of S&P 500 market value, shifting from a minority share in the 1970s to over 90% by 2025. The report traces a rapid reallocation of value toward intellectual capital across five decades in the US and two decades internationally, with important implications for valuation, lending, and corporate strategy.
