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Discover Financial Services (NYSE:DFS)
Market Cap
$23,406 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). Discover Financial Services's share price for the quarter that ended in Mar. 2016 was $50.92. Discover Financial Services's shares outstanding (EOP) for the quarter that ended in Mar. 2016 was 414 Mil. Therefore, Discover Financial Services's market cap for the quarter that ended in Mar. 2016 was $21,091 Mil.

Discover Financial Services's quarterly market cap increased from Sep. 2015 ($22,331 Mil) to Dec. 2015 ($22,610 Mil) but then declined from Dec. 2015 ($22,610 Mil) to Mar. 2016 ($21,091 Mil).

Discover Financial Services's annual market cap increased from Dec. 2013 ($26,422 Mil) to Dec. 2014 ($29,417 Mil) but then declined from Dec. 2014 ($29,417 Mil) to Dec. 2015 ($22,610 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. Discover Financial Services's enterprise value for Today is $36,583 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.

Discover Financial Services's Market Cap for the fiscal year that ended in Dec. 2015 is calculated as

Market Cap (A: Dec. 2015 )=Share Price (A: Dec. 2015 )*Shares Outstanding (EOP) (A: Dec. 2015 )
=53.62*421.68
=22,610

Discover Financial Services's Market Cap for the quarter that ended in Mar. 2016 is calculated as

Market Cap (Q: Mar. 2016 )=Share Price (Q: Mar. 2016 )*Shares Outstanding (EOP) (Q: Mar. 2016 )
=50.92*414.20
=21,091

* 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 (EOP)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Discover Financial Services Annual Data

Nov06Nov07Nov08Nov09Nov10Nov11Nov12Dec13Dec14Dec15
mktcap 08,2974,9108,3949,95712,59720,71626,42229,41722,610

Discover Financial Services Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
mktcap 26,42227,25528,83929,32329,41725,05225,20222,33122,61021,091
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