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). CVS Health's share price for the quarter that ended in Dec. 2023 was $78.96. CVS Health's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 1,288 Mil. Therefore, CVS Health's market cap for the quarter that ended in Dec. 2023 was $101,700 Mil.
CVS Health's quarterly market cap
increased
from Jun. 2023 ($88,625 Mil) to Sep. 2023 ($89,858 Mil) and
increased
from Sep. 2023 ($89,858 Mil) to Dec. 2023 ($101,700 Mil).
CVS Health's annual market cap
declined
from Dec. 2021 ($136,378 Mil) to Dec. 2022 ($121,147 Mil) and
declined
from Dec. 2022 ($121,147 Mil) to Dec. 2023 ($101,700 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's Enterprise Value for Today is $152,811 Mil.
CVS Health Market Cap Historical Data
The historical data trend for CVS Health'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.
For the Healthcare Plans subindustry, CVS Health'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.
CVS Health's Market Cap Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, CVS Health's Market Cap distribution charts can be found below:
* The bar in red indicates where CVS Health's Market Cap falls into.
CVS Health 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.
CVS Health'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.
CVS Health (NYSE:CVS) 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.
CVS Health Market Cap Related Terms
Thank you for viewing the detailed overview of CVS Health's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.
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