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ITT Educational Services, Inc. (NYSE:ESI)
Market Cap
$358 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. ITT Educational Services, Inc.'s share price for the quarter that ended in Sep. 2013 was $31. ITT Educational Services, Inc.'s shares outstanding for the quarter that ended in Sep. 2013 was 23 Mil. Therefore, ITT Educational Services, Inc.'s market cap for the quarter that ended in Sep. 2013 was $358 Mil.

ITT Educational Services, Inc.'s quarterly market cap increased from Mar. 2013 ($322 Mil) to Jun. 2013 ($570 Mil) and increased from Jun. 2013 ($570 Mil) to Sep. 2013 ($724 Mil).

ITT Educational Services, Inc.'s annual market cap declined from Dec. 2010 ($1,910 Mil) to Dec. 2011 ($1,485 Mil) and declined from Dec. 2011 ($1,485 Mil) to Dec. 2012 ($404 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. ITT Educational Services, Inc.'s enterprise value for Today is $249 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.

ITT Educational Services, Inc.'s Market Cap for the fiscal year that ended in Dec. 2012 is calculated as

Market Cap (A: Dec. 2012 )=Share Price (A: Dec. 2012 )*Shares Outstanding (A: Dec. 2012 )
=17.31*23.32
=404

ITT Educational Services, Inc.'s Market Cap for the quarter that ended in Sep. 2013 is calculated as

Market Cap (Q: Sep. 2013 )=Share Price (Q: Sep. 2013 )*Shares Outstanding (Q: Sep. 2013 )
=31*23.37
=724

* 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.

ITT Educational Services, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
mktcap 2,1842,7372,7463,3893,6753,4021,9101,4854040

ITT Educational Services, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
mktcap 1,5351,4851,6371,4177524043225707240
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