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Andersons Inc (NAS:ANDE)
Market Cap
$2,514 Mil (As of Dec. 2013)

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. Andersons Inc's share price for the quarter that ended in Dec. 2013 was $89.17. Andersons Inc's shares outstanding for the quarter that ended in Dec. 2013 was 28 Mil. Therefore, Andersons Inc's market cap for the quarter that ended in Dec. 2013 was $2,514 Mil.

Andersons Inc's quarterly market cap increased from Jun. 2013 ($1,494 Mil) to Sep. 2013 ($1,965 Mil) and increased from Sep. 2013 ($1,965 Mil) to Dec. 2013 ($2,514 Mil).

Andersons Inc's annual market cap declined from Dec. 2011 ($1,212 Mil) to Dec. 2012 ($1,200 Mil) but then increased from Dec. 2012 ($1,200 Mil) to Dec. 2013 ($2,514 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. Andersons Inc's enterprise value for the quarter that ended in Dec. 2013 was $2,655 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.

Andersons 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 )
=89.17*28.19
=2,514

Andersons Inc's Market Cap for the quarter that ended in Dec. 2013 is calculated as

Market Cap (Q: Dec. 2013 )=Share Price (Q: Dec. 2013 )*Shares Outstanding (Q: Dec. 2013 )
=89.17*28.19
=2,514

* 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.

Andersons Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
mktcap 2824851,1191,2034507081,0051,2121,2002,514

Andersons Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
mktcap 9331,2121,3541,1931,0531,2001,5031,4941,9652,514
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