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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. Cummins Inc's share price for the quarter that ended in Dec. 2014 was $144.17. Cummins Inc's shares outstanding for the quarter that ended in Dec. 2014 was 183 Mil. Therefore, Cummins Inc's market cap for the quarter that ended in Dec. 2014 was $25,010 Mil.
Cummins Inc's quarterly market cap declined from Jun. 2014 ($28,375 Mil) to Sep. 2014 ($24,111 Mil) but then increased from Sep. 2014 ($24,111 Mil) to Dec. 2014 ($26,338 Mil).
Cummins Inc's annual market cap increased from Dec. 2012 ($20,565 Mil) to Dec. 2013 ($26,319 Mil) but then declined from Dec. 2013 ($26,319 Mil) to Dec. 2014 ($26,268 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. Cummins Inc's enterprise value for Today is $24,658 Mil.
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.
Cummins Inc's Market Cap for the fiscal year that ended in Dec. 2014 is calculated as
|Market Cap (A: Dec. 2014 )||=||Share Price (A: Dec. 2014 )||*||Shares Outstanding (A: Dec. 2014 )|
Cummins Inc's Market Cap for the quarter that ended in Dec. 2014 is calculated as
|Market Cap (Q: Dec. 2014 )||=||Share Price (Q: Dec. 2014 )||*||Shares Outstanding (Q: Dec. 2014 )|
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.
Cummins Inc Annual Data
Cummins Inc Quarterly Data