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Alcoa Inc (NYSE:AA)
Market Cap
$18,927 Mil (As of Today)

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding. Alcoa Inc's share price for the quarter that ended in Jun. 2014 was $14.93. Alcoa Inc's shares outstanding for the quarter that ended in Jun. 2014 was 1,172 Mil. Therefore, Alcoa Inc's market cap for the quarter that ended in Jun. 2014 was $18,927 Mil.

Alcoa Inc's quarterly market cap increased from Dec. 2013 ($11,370 Mil) to Mar. 2014 ($13,870 Mil) and increased from Mar. 2014 ($13,870 Mil) to Jun. 2014 ($17,502 Mil).

Alcoa Inc's annual market cap increased from Dec. 2011 ($9,207 Mil) to Dec. 2012 ($9,263 Mil) and increased from Dec. 2012 ($9,263 Mil) to Dec. 2013 ($11,370 Mil).

Enterprise value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Alcoa Inc's enterprise value for Today is $29,035 Mil.


Definition

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Alcoa Inc's Market Cap for the fiscal year that ended in Dec. 2013 is calculated as

Market Cap (A: Dec. 2013 )=Share Price (A: Dec. 2013 )*Shares Outstanding (A: Dec. 2013 )
=10.63*1069.60
=11,370

Alcoa Inc's Market Cap for the quarter that ended in Jun. 2014 is calculated as

Market Cap (Q: Jun. 2014 )=Share Price (Q: Jun. 2014 )*Shares Outstanding (Q: Jun. 2014 )
=14.93*1172.28
=17,502

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


Related Terms

Shares Outstanding


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Alcoa Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
mktcap 27,35025,73226,02231,0009,31715,70715,7299,2079,26311,370

Alcoa Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
mktcap 10,6829,3359,4509,2639,1118,3648,68511,37013,87017,502
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