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Energy Transfer Partners LP (NYSE:ETP)
Market Cap
$21,773 Mil (As of Dec. 2013)

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. Energy Transfer Partners LP's share price for the quarter that ended in Dec. 2013 was $57.25. Energy Transfer Partners LP's shares outstanding for the quarter that ended in Dec. 2013 was 380 Mil. Therefore, Energy Transfer Partners LP's market cap for the quarter that ended in Dec. 2013 was $21,773 Mil.

Energy Transfer Partners LP's quarterly market cap increased from Jun. 2013 ($18,892 Mil) to Sep. 2013 ($19,590 Mil) and increased from Sep. 2013 ($19,590 Mil) to Dec. 2013 ($21,773 Mil).

Energy Transfer Partners LP's annual market cap increased from Dec. 2011 ($10,338 Mil) to Dec. 2012 ($12,943 Mil) and increased from Dec. 2012 ($12,943 Mil) to Dec. 2013 ($21,773 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. Energy Transfer Partners LP's enterprise value for the quarter that ended in Dec. 2013 was $43,011 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.

Energy Transfer Partners LP's Market Cap for the fiscal year that ended in Dec. 2013 is calculated as

Market Cap (A: Dec. 2013 )=Share Price (A: Dec. 2013 )*Shares Outstanding (A: Dec. 2013 )
=57.25*380.32
=21,773

Energy Transfer Partners LP's Market Cap for the quarter that ended in Dec. 2013 is calculated as

Market Cap (Q: Dec. 2013 )=Share Price (Q: Dec. 2013 )*Shares Outstanding (Q: Dec. 2013 )
=57.25*380.32
=21,773

* 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.

Energy Transfer Partners LP Annual Data

Aug04Aug05Aug06Aug07Dec08Dec09Dec10Dec11Dec12Dec13
mktcap 1,9333,8435,2787,1335,1708,06210,01210,33812,94321,773

Energy Transfer Partners LP Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
mktcap 8,59510,33810,76910,15810,45312,94315,49218,89219,59021,773
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