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 (EOP). SKF AB's share price for the quarter that ended in Mar. 2024 was €19.195. SKF AB's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 455 Mil. Therefore, SKF AB's market cap for the quarter that ended in Mar. 2024 was €8,740 Mil.
SKF AB's quarterly market cap
increased
from Sep. 2023 (€7,138 Mil) to Dec. 2023 (€8,360 Mil) and
increased
from Dec. 2023 (€8,360 Mil) to Mar. 2024 (€8,740 Mil).
SKF AB's annual market cap
declined
from Dec. 2021 (€9,494 Mil) to Dec. 2022 (€6,593 Mil) but then
increased
from Dec. 2022 (€6,593 Mil) to Dec. 2023 (€8,360 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. SKF AB's Enterprise Value for Today is €9,882 Mil.
SKF AB Market Cap Historical Data
The historical data trend for SKF AB's Market Cap can be seen below:
* 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.
For the Tools & Accessories subindustry, SKF AB'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.
SKF AB's Market Cap Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, SKF AB's Market Cap distribution charts can be found below:
* The bar in red indicates where SKF AB's Market Cap falls into.
SKF AB 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.
SKF AB's Market Cap for the fiscal year that ended in Dec. 2023 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.
SKF AB (FRA:SKFB) 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.
SKF AB Market Cap Related Terms
Thank you for viewing the detailed overview of SKF AB's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRA:SKFB has been successfully added to your 