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Air T (AIRT) Market Cap

: $65.3 Mil (As of Today)
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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). Air T's share price for the quarter that ended in Dec. 2023 was $16.8991. Air T's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 2.8 Mil. Therefore, Air T's market cap for the quarter that ended in Dec. 2023 was $47.7 Mil.

Air T's quarterly market cap declined from Jun. 2023 ($70.7 Mil) to Sep. 2023 ($63.1 Mil) and declined from Sep. 2023 ($63.1 Mil) to Dec. 2023 ($47.7 Mil).

Air T's annual market cap declined from Mar. 2021 ($68.5 Mil) to Mar. 2022 ($65.2 Mil) but then increased from Mar. 2022 ($65.2 Mil) to Mar. 2023 ($70.6 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. Air T's Enterprise Value for Today is $172.7 Mil.


Air T Market Cap Historical Data

The historical data trend for Air T'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.

* Premium members only.

Air T Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Market Cap
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 61.07 36.05 68.50 65.21 70.60

Air T Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Market Cap Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69.76 70.60 70.73 63.06 47.68

Competitive Comparison

For the Integrated Freight & Logistics subindustry, Air T'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.


Air T Market Cap Distribution

For the Transportation industry and Industrials sector, Air T's Market Cap distribution charts can be found below:

* The bar in red indicates where Air T's Market Cap falls into.



Air T 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.

Air T's Market Cap for the fiscal year that ended in Mar. 2023 is calculated as

Market Cap (A: Mar. 2023 )=Share Price (A: Mar. 2023 )*Shares Outstanding (EOP) (A: Mar. 2023 )
=$25.05*2.81837
=$70.6

Air T's Market Cap for the quarter that ended in Dec. 2023 is calculated as

Market Cap (Q: Dec. 2023 )=Share Price (Q: Dec. 2023 )*Shares Outstanding (EOP) (Q: Dec. 2023 )
=$16.8991*2.8215
=$47.7

* 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.


Air T  (NAS:AIRT) 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 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.


Air T Market Cap Related Terms

Thank you for viewing the detailed overview of Air T's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.


Air T (AIRT) Business Description

Traded in Other Exchanges
Address
11020 David Taylor Drive, Suite 305, Charlotte, NC, USA, 28262
Air T Inc together with its subsidiaries provides air freight service to the express delivery industry. The company's operating segments include Overnight air cargo, Ground equipment sales, and Ground support services, Commercial jet engines and parts, Corporate and Other. It generates maximum revenue from the Overnight air cargo segment.
Executives
Raymond E Cabillot director, 10 percent owner 3033 EXCELSIOR BLVD., STE 560, MINNEAPOLIS MN 55416
Peter B. Mcclung director 14101 SOUTHERN ROAD, GRANDVIEW MO 64030
Nicholas John Swenson 10 percent owner 5000 WEST 36TH STREET, SUITE 130, MINNEAPOLIS MN 55416
Gary S Kohler director 5000 W 36TH STREET, SUITE 115, MINNEAPOLIS MN 55416
Seth G Barkett director 495 WEST MT. GARFIELD ROAD, NORTON SHORES MI 49441
Brett Reynolds officer: CFO 5000 W 36TH STREET, MINNEAPOLIS MN 55416
John A Reeves director 570 BALLYMOTE COURT, MATTHEWS NC 28104
Travis Jacob Swenson director 6016 EDEN PRAIRIE ROAD, MINNETONKA MN 55345
Air T Inc 10 percent owner 11020 DAVID TAYLOR DRIVE, SUITE 305, CHARLOTTE NC 28262
Koutsouvas Constantine officer: General Counsel AIR T, INC., 5000 WEST 36TH, SUITE 130, MINNEAPOLIS MN 55416
William R Foudray director 19192 POPLAR CIRCLE, EDEN PRAIRIE MN 55347
Biglari Capital Corp. 10 percent owner 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Sardar Biglari, 10 percent owner C/O BIGLARI HOLDINGS INC., 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Lion Fund Ii, L.p. 10 percent owner 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Andrew Stumpf director 5444 CREEKMONTE DR., OAKLAND TWP MI 48306