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). The Cigna Group's share price for the quarter that ended in Dec. 2023 was $299.45. The Cigna Group's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 293 Mil. Therefore, The Cigna Group's market cap for the quarter that ended in Dec. 2023 was $87,590 Mil.
The Cigna Group's quarterly market cap
increased
from Jun. 2023 ($82,973 Mil) to Sep. 2023 ($83,904 Mil) and
increased
from Sep. 2023 ($83,904 Mil) to Dec. 2023 ($87,590 Mil).
The Cigna Group's annual market cap
increased
from Dec. 2021 ($74,159 Mil) to Dec. 2022 ($98,963 Mil) but then
declined
from Dec. 2022 ($98,963 Mil) to Dec. 2023 ($87,590 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. The Cigna Group's Enterprise Value for Today is $123,664 Mil.
The Cigna Group Market Cap Historical Data
The historical data trend for The Cigna Group'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.
Competitive Comparison of The Cigna Group's Market Cap
For the Healthcare Plans subindustry, The Cigna Group'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.
The Cigna Group's Market Cap Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, The Cigna Group's Market Cap distribution charts can be found below:
* The bar in red indicates where The Cigna Group's Market Cap falls into.
The Cigna Group 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.
The Cigna Group's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
The Cigna Group (NYSE:CI) 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 companys 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.
The Cigna Group Market Cap Related Terms
Thank you for viewing the detailed overview of The Cigna Group's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
The Cigna Group (The Cigna Group) Business Description
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 18 million U.S. medical members covered as of the end of June 2023.
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