Echo Global Logistics's quarterly market cap
declined
from Mar. 2021 ($822 Mil) to Jun. 2021 ($805 Mil) but then
increased
from Jun. 2021 ($805 Mil) to Sep. 2021 ($1,249 Mil).
Echo Global Logistics's annual market cap
declined
from Dec. 2018 ($557 Mil) to Dec. 2019 ($543 Mil) but then
increased
from Dec. 2019 ($543 Mil) to Dec. 2020 ($696 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. Echo Global Logistics's Enterprise Value for Today is $1,360 Mil.
* 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 Echo Global Logistics's Market Cap
For the Integrated Freight & Logistics subindustry, Echo Global Logistics'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.
Echo Global Logistics's Market Cap Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Echo Global Logistics's Market Cap distribution charts can be found below:
* The bar in red indicates where Echo Global Logistics's Market Cap falls into.
Echo Global Logistics 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.
Echo Global Logistics's Market Cap for the fiscal year that ended in Dec. 2020 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.
Echo Global Logistics (NAS:ECHO) 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.
Echo Global Logistics Market Cap Related Terms
Thank you for viewing the detailed overview of Echo Global Logistics's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Echo Global Logistics (Echo Global Logistics) Business Description
Founded in 2005, Echo Global Logistics is an asset-light third-party logistics provider primarily focused on domestic truckload and less-than-truckload brokerage. It also offers intermodal and international air and ocean freight forwarding services, though to a lesser degree. Key strategic initiatives include gaining organic market share in the highly fragmented brokerage industry and supplementing its sales capabilities through tuck-in acquisitions. Echo completed its initial public offering in October 2009.
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