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GuruFocus has detected 1 Warning Sign with CVS Health Corp $CVS.
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CVS Health Corp (NYSE:CVS)
Market Cap (M)
$80,876 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). CVS Health Corp's share price for the quarter that ended in Dec. 2016 was $78.91. CVS Health Corp's shares outstanding (EOP) for the quarter that ended in Dec. 2016 was 1,061 Mil. Therefore, CVS Health Corp's market cap for the quarter that ended in Dec. 2016 was $83,724 Mil.

CVS Health Corp's quarterly market cap declined from Jun. 2016 ($101,963 Mil) to Sep. 2016 ($94,863 Mil) and declined from Sep. 2016 ($94,863 Mil) to Dec. 2016 ($83,724 Mil).

CVS Health Corp's annual market cap declined from Dec. 2014 ($109,793 Mil) to Dec. 2015 ($107,645 Mil) and declined from Dec. 2015 ($107,645 Mil) to Dec. 2016 ($83,724 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. CVS Health Corp's enterprise value for Today is $104,953 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.

CVS Health Corp'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 )
=78.91*1061.00
=83,724

CVS Health Corp'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 )
=78.91*1061.00
=83,724

* 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.

CVS Health Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
mktcap 57,09941,27744,80447,39252,93259,51984,453109,793107,64583,724

CVS Health Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
mktcap 91,767109,793117,171116,731107,189107,645113,303101,96394,86383,724
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