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Carnival Corp (NYSE:CCL)
Market Cap
$29,047 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. Carnival Corp's share price for the quarter that ended in Aug. 2014 was $37.88. Carnival Corp's shares outstanding for the quarter that ended in Aug. 2014 was 809 Mil. Therefore, Carnival Corp's market cap for the quarter that ended in Aug. 2014 was $29,047 Mil.

Carnival Corp's quarterly market cap increased from Feb. 2014 ($32,043 Mil) to May. 2014 ($32,358 Mil) but then declined from May. 2014 ($32,358 Mil) to Aug. 2014 ($30,632 Mil).

Carnival Corp's annual market cap increased from Nov. 2011 ($25,796 Mil) to Nov. 2012 ($30,000 Mil) but then declined from Nov. 2012 ($30,000 Mil) to Nov. 2013 ($29,163 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. Carnival Corp's enterprise value for Today is $37,479 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.

Carnival Corp's Market Cap for the fiscal year that ended in Nov. 2013 is calculated as

Market Cap (A: Nov. 2013 )=Share Price (A: Nov. 2013 )*Shares Outstanding (A: Nov. 2013 )
=36.11*807.62
=29,163

Carnival Corp's Market Cap for the quarter that ended in Aug. 2014 is calculated as

Market Cap (Q: Aug. 2014 )=Share Price (Q: Aug. 2014 )*Shares Outstanding (Q: Aug. 2014 )
=37.88*808.67
=30,632

* 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.

Carnival Corp Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
mktcap 44,81146,28840,92537,35916,48525,20832,63525,79630,00029,163

Carnival Corp Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
mktcap 24,99826,94630,00027,72225,65328,00629,16332,04332,35830,632
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