diff --git a/src/sparsetensors/quantization/quant_config.py b/src/sparsetensors/quantization/quant_config.py
index b2b40b06..c70e7c45 100644
--- a/src/sparsetensors/quantization/quant_config.py
+++ b/src/sparsetensors/quantization/quant_config.py
@@ -18,6 +18,7 @@
 from pydantic import BaseModel, Field
 from sparsetensors.quantization.quant_scheme import QuantizationScheme
 from sparsetensors.quantization.utils import (
+    calculate_compression_ratio,
     is_module_quantized,
     iter_named_leaf_modules,
     module_type,
@@ -100,7 +101,11 @@ class QuantizationConfig(BaseModel):
     @staticmethod
     def from_pretrained(model: Module) -> "QuantizationConfig":
         """
-        TODO: fill in docstrings
+        Converts a model into its associated QuantizationConfig based on the
+        QuantizationScheme attached to each quanitzed module
+
+        :param model: model to calculate quantization scheme of
+        :return: filled out QuantizationScheme for the input model
         """
         quant_scheme_to_layers = []
         quantization_status = None
@@ -125,6 +130,8 @@ def from_pretrained(model: Module) -> "QuantizationConfig":
                 if not match_found:
                     quant_scheme_to_layers.append(scheme)
 
+        # clean up ignore list, we can leave out layers types if none of the
+        # instances are quantized
         consolidated_ignore = []
         for layer_type, ignore_names in ignore.items():
             if layer_type in quantization_type_names:
@@ -138,8 +145,10 @@ def from_pretrained(model: Module) -> "QuantizationConfig":
             group_name = "group_" + str(idx)
             config_groups[group_name] = scheme
 
+        compression_ratio = calculate_compression_ratio(model)
         return QuantizationConfig(
             config_groups=config_groups,
             quantization_status=quantization_status,
+            global_compression_ratio=compression_ratio,
             ignore=consolidated_ignore,
         )
diff --git a/src/sparsetensors/quantization/utils/helpers.py b/src/sparsetensors/quantization/utils/helpers.py
index 6156f364..9f2bfffd 100644
--- a/src/sparsetensors/quantization/utils/helpers.py
+++ b/src/sparsetensors/quantization/utils/helpers.py
@@ -14,13 +14,27 @@
 
 from typing import Tuple
 
+import torch
 from torch.nn import Module
+from tqdm import tqdm
 
 
-__all__ = ["is_module_quantized", "iter_named_leaf_modules", "module_type"]
+__all__ = [
+    "is_module_quantized",
+    "iter_named_leaf_modules",
+    "module_type",
+    "calculate_compression_ratio",
+]
 
 
 def is_module_quantized(module: Module) -> bool:
+    """
+    Check if a module is quantized, based on the existence of a non-empty quantization
+    scheme
+
+    :param module: pytorch module to check
+    :return: True if module is quantized, False otherwise
+    """
     if not hasattr(module, "quantization_scheme"):
         return False
 
@@ -37,6 +51,12 @@ def is_module_quantized(module: Module) -> bool:
 
 
 def module_type(module: Module) -> str:
+    """
+    Gets a string representation of a module type
+
+    :module: pytorch module to get type of
+    :return: module type as a string
+    """
     return type(module).__name__
 
 
@@ -46,3 +66,35 @@ def iter_named_leaf_modules(model: Module) -> Tuple[str, Module]:
     for name, submodule in model.named_modules():
         if len(list(submodule.children())) == 0:
             yield name, submodule
+
+
+def calculate_compression_ratio(model: Module) -> float:
+    """
+    Calculates the quantization compression ratio of a pytorch model, based on the
+    number of bits needed to represent the total weights in compressed form. Does not
+    take into account activation quantizatons.
+
+    :param model: pytorch module to calculate compression ratio for
+    :return: compression ratio of the whole model
+    """
+    total_compressed = 0.0
+    total_uncompressed = 0.0
+    for name, submodule in tqdm(
+        iter_named_leaf_modules(model),
+        desc="Calculating quantization compression ratio",
+    ):
+        for parameter in model.parameters():
+            try:
+                uncompressed_bits = torch.finfo(parameter.dtype).bits
+            except TypeError:
+                uncompressed_bits = torch.iinfo(parameter.dtype).bits
+            compressed_bits = uncompressed_bits
+            if is_module_quantized(submodule):
+                compressed_bits = submodule.quantization_scheme.weights.num_bits
+            else:
+                print(name)
+            num_weights = parameter.numel()
+            total_compressed += compressed_bits * num_weights
+            total_uncompressed += uncompressed_bits * num_weights
+
+    return total_uncompressed / total_compressed
diff --git a/tests/quantization/lifecycle/test_apply.py b/tests/quantization/lifecycle/test_apply.py
index 02f46890..eeb29a41 100644
--- a/tests/quantization/lifecycle/test_apply.py
+++ b/tests/quantization/lifecycle/test_apply.py
@@ -77,6 +77,8 @@ def test_serialize_config_tinyllama():
     assert serialized_config.format == "fakequant"
     assert serialized_config.quant_method == "sparseml"
     assert serialized_config.ignore == ["model.layers.1.mlp.down_proj"]
+    assert serialized_config.global_compression_ratio > 1.0
+    assert serialized_config.global_compression_ratio < 8.0
 
 
 def _test_layer_quantization_status(module, inputs: bool, weights: bool):
diff --git a/tests/quantization/test_quant_config.py b/tests/quantization/test_quant_config.py
index 40a82cd7..92b68ab7 100644
--- a/tests/quantization/test_quant_config.py
+++ b/tests/quantization/test_quant_config.py
@@ -31,7 +31,7 @@ def test_basic_config():
     assert config.format == "fakequant"
     assert config.quantization_status == QuantizationStatus.INITIALIZED
     assert config.global_compression_ratio is None
-    assert config.ignore is None
+    assert isinstance(config.ignore, list) and len(config.ignore) == 0
 
 
 def test_full_config():