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Energy Transfer Partners LP (NYSE:ETP)
Market Cap
$22,366 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. Energy Transfer Partners LP's share price for the quarter that ended in Sep. 2014 was $62.98. Energy Transfer Partners LP's shares outstanding for the quarter that ended in Sep. 2014 was 351 Mil. Therefore, Energy Transfer Partners LP's market cap for the quarter that ended in Sep. 2014 was $22,366 Mil.

Energy Transfer Partners LP's quarterly market cap increased from Mar. 2014 ($17,094 Mil) to Jun. 2014 ($18,666 Mil) and increased from Jun. 2014 ($18,666 Mil) to Sep. 2014 ($22,106 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 ($27,683 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 Today is $45,958 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*483.55
=27,683

Energy Transfer Partners LP's Market Cap for the quarter that ended in Sep. 2014 is calculated as

Market Cap (Q: Sep. 2014 )=Share Price (Q: Sep. 2014 )*Shares Outstanding (Q: Sep. 2014 )
=62.98*351.00
=22,106

* 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 1,9333,8435,2787,1335,1708,06210,01210,33812,94327,683

Energy Transfer Partners LP Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
mktcap 10,15810,45312,94315,49218,89219,68227,68317,09418,66622,106
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