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 (EOP). AbbVie's share price for the quarter that ended in Dec. 2023 was $154.97. AbbVie's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 1,766 Mil. Therefore, AbbVie's market cap for the quarter that ended in Dec. 2023 was $273,668 Mil.
AbbVie's quarterly market cap
increased
from Jun. 2023 ($237,772 Mil) to Sep. 2023 ($263,164 Mil) and
increased
from Sep. 2023 ($263,164 Mil) to Dec. 2023 ($273,668 Mil).
AbbVie's annual market cap
increased
from Dec. 2021 ($239,433 Mil) to Dec. 2022 ($285,917 Mil) but then
declined
from Dec. 2022 ($285,917 Mil) to Dec. 2023 ($273,668 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. AbbVie's Enterprise Value for Today is $343,684 Mil.
AbbVie Market Cap Historical Data
The historical data trend for AbbVie's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Drug Manufacturers - General subindustry, AbbVie's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
AbbVie's Market Cap Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, AbbVie's Market Cap distribution charts can be found below:
* The bar in red indicates where AbbVie's Market Cap falls into.
AbbVie Market Cap Calculation
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.
AbbVie's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
AbbVie (NYSE:ABBV) Market Cap 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 companys 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.
AbbVie Market Cap Related Terms
Thank you for viewing the detailed overview of AbbVie's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
AbbVie is a pharmaceutical firm with a strong exposure to immunology and oncology. The firm's top drug, Humira, represents close to half of the company's current profits. The company was spun off from Abbott in early 2013. The recent acquisition of Allergan adds several new drugs in aesthetics and women's health.
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