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GuruFocus has detected 2 Warning Signs with Allergan PLC $AGN.
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Allergan PLC (NYSE:AGN)
Market Cap (M)
$79,559 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 (end-of-period, EOP). Allergan PLC's share price for the quarter that ended in Dec. 2016 was $210.01. Allergan PLC's shares outstanding (EOP) for the quarter that ended in Dec. 2016 was 375 Mil. Therefore, Allergan PLC's market cap for the quarter that ended in Dec. 2016 was $78,743 Mil.

Allergan PLC's quarterly market cap declined from Jun. 2016 ($91,465 Mil) to Sep. 2016 ($88,255 Mil) and declined from Sep. 2016 ($88,255 Mil) to Dec. 2016 ($78,743 Mil).

Allergan PLC's annual market cap increased from Dec. 2014 ($68,445 Mil) to Dec. 2015 ($123,281 Mil) but then declined from Dec. 2015 ($123,281 Mil) to Dec. 2016 ($78,743 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. Allergan PLC's enterprise value for Today is $104,040 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.

Allergan PLC's Market Cap for the fiscal year that ended in Dec. 2016 is calculated as

Market Cap (A: Dec. 2016 )=Share Price (A: Dec. 2016 )*Shares Outstanding (EOP) (A: Dec. 2016 )
=210.01*374.95
=78,743

Allergan PLC's Market Cap for the quarter that ended in Dec. 2016 is calculated as

Market Cap (Q: Dec. 2016 )=Share Price (Q: Dec. 2016 )*Shares Outstanding (EOP) (Q: Dec. 2016 )
=210.01*374.95
=78,743

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 (EOP)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Allergan PLC Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
mktcap 2,8132,7794,8886,4987,67510,98229,26668,445123,28178,743

Allergan PLC Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
mktcap 63,93968,445116,590119,290107,093123,281105,90491,46588,25578,743
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