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GuruFocus has detected 2 Warning Signs with Bank of America Corporation $BAC.
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Bank of America Corporation (NYSE:BAC)
Market Cap (M)
$235,291 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). Bank of America Corporation's share price for the quarter that ended in Dec. 2016 was $22.1. Bank of America Corporation's shares outstanding (EOP) for the quarter that ended in Dec. 2016 was 10,053 Mil. Therefore, Bank of America Corporation's market cap for the quarter that ended in Dec. 2016 was $222,163 Mil.

Bank of America Corporation's quarterly market cap increased from Jun. 2016 ($135,577 Mil) to Sep. 2016 ($158,438 Mil) and increased from Sep. 2016 ($158,438 Mil) to Dec. 2016 ($222,163 Mil).

Bank of America Corporation's annual market cap declined from Dec. 2014 ($188,141 Mil) to Dec. 2015 ($174,700 Mil) but then increased from Dec. 2015 ($174,700 Mil) to Dec. 2016 ($222,163 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. Bank of America Corporation's enterprise value for Today is $343,679 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.

Bank of America Corporation'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 )
=22.1*10052.63
=222,163

Bank of America Corporation'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 )
=22.1*10052.63
=222,163

* 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.

Bank of America Corporation Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
mktcap 183,28670,646130,273134,53658,580125,136164,914188,141174,700222,163

Bank of America Corporation Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
mktcap 188,141161,909178,231162,457174,700139,603135,577158,438222,1630
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