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Adobe Systems Inc (NAS:ADBE)
Market Cap
$36,747 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. Adobe Systems Inc's share price for the quarter that ended in Aug. 2014 was $71.9. Adobe Systems Inc's shares outstanding for the quarter that ended in Aug. 2014 was 499 Mil. Therefore, Adobe Systems Inc's market cap for the quarter that ended in Aug. 2014 was $36,747 Mil.

Adobe Systems Inc's quarterly market cap declined from Feb. 2014 ($34,212 Mil) to May. 2014 ($32,093 Mil) but then increased from May. 2014 ($32,093 Mil) to Aug. 2014 ($35,849 Mil).

Adobe Systems Inc's annual market cap increased from Nov. 2011 ($13,513 Mil) to Nov. 2012 ($17,102 Mil) and increased from Nov. 2012 ($17,102 Mil) to Nov. 2013 ($28,178 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. Adobe Systems Inc's enterprise value for Today is $34,164 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.

Adobe Systems Inc's Market Cap for the fiscal year that ended in Nov. 2013 is calculated as

Market Cap (A: Nov. 2013 )=Share Price (A: Nov. 2013 )*Shares Outstanding (A: Nov. 2013 )
=56.78*496.26
=28,178

Adobe Systems Inc's Market Cap for the quarter that ended in Aug. 2014 is calculated as

Market Cap (Q: Aug. 2014 )=Share Price (Q: Aug. 2014 )*Shares Outstanding (Q: Aug. 2014 )
=71.9*498.60
=35,849

* 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.

Adobe Systems Inc Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
mktcap 14,45116,11423,42724,18012,29718,33514,14213,51317,10228,178

Adobe Systems Inc Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
mktcap 15,33815,47017,10219,60721,58622,95828,17834,21232,09335,849
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