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Brown-Forman Corp (NYSE:BF.B)
Market Cap
$19,085 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. Brown-Forman Corp's share price for the quarter that ended in Oct. 2014 was $90.88. Brown-Forman Corp's shares outstanding for the quarter that ended in Oct. 2014 was 213 Mil. Therefore, Brown-Forman Corp's market cap for the quarter that ended in Oct. 2014 was $19,085 Mil.

Brown-Forman Corp's quarterly market cap declined from Apr. 2014 ($19,152 Mil) to Jul. 2014 ($18,824 Mil) but then increased from Jul. 2014 ($18,824 Mil) to Oct. 2014 ($19,399 Mil).

Brown-Forman Corp's annual market cap increased from Apr. 2012 ($12,268 Mil) to Apr. 2013 ($15,067 Mil) and increased from Apr. 2013 ($15,067 Mil) to Apr. 2014 ($19,152 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. Brown-Forman Corp's enterprise value for Today is $19,972 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.

Brown-Forman Corp's Market Cap for the fiscal year that ended in Apr. 2014 is calculated as

Market Cap (A: Apr. 2014 )=Share Price (A: Apr. 2014 )*Shares Outstanding (A: Apr. 2014 )
=89.72*213.46
=19,152

Brown-Forman Corp's Market Cap for the quarter that ended in Oct. 2014 is calculated as

Market Cap (Q: Oct. 2014 )=Share Price (Q: Oct. 2014 )*Shares Outstanding (Q: Oct. 2014 )
=90.88*213.46
=19,399

* 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.

Brown-Forman Corp Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
mktcap 6,7609,1117,8808,2036,9858,55010,41912,26815,06719,152

Brown-Forman Corp Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
mktcap 13,30413,67313,82115,06715,50315,55816,42219,15218,82419,399
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