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Electro Rent Corp (NAS:ELRC)
Market Cap
$347.4 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. Electro Rent Corp's share price for the quarter that ended in Aug. 2014 was $15.13. Electro Rent Corp's shares outstanding for the quarter that ended in Aug. 2014 was 24.0 Mil. Therefore, Electro Rent Corp's market cap for the quarter that ended in Aug. 2014 was $347.4 Mil.

Electro Rent Corp's quarterly market cap declined from Feb. 2014 ($436.3 Mil) to May. 2014 ($387.8 Mil) and declined from May. 2014 ($387.8 Mil) to Aug. 2014 ($363.3 Mil).

Electro Rent Corp's annual market cap increased from May. 2012 ($332.0 Mil) to May. 2013 ($408.2 Mil) but then declined from May. 2013 ($408.2 Mil) to May. 2014 ($387.8 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. Electro Rent Corp's enterprise value for Today is $343.4 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.

Electro Rent Corp's Market Cap for the fiscal year that ended in May. 2014 is calculated as

Market Cap (A: May. 2014 )=Share Price (A: May. 2014 )*Shares Outstanding (A: May. 2014 )
=16.15*24.01
=387.8

Electro Rent Corp's Market Cap for the quarter that ended in Aug. 2014 is calculated as

Market Cap (Q: Aug. 2014 )=Share Price (Q: Aug. 2014 )*Shares Outstanding (Q: Aug. 2014 )
=15.13*24.01
=363.3

* 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


Historical Data

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

Electro Rent Corp Annual Data

May05May06May07May08May09May10May11May12May13May14
mktcap 294.6421.2372.5366.4231.1325.6367.9332.0408.2387.8

Electro Rent Corp Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
mktcap 332.0410.9377.0388.3408.2408.0511.9436.3387.8363.3
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