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). Genie Energy's share price for the quarter that ended in Dec. 2023 was $28.13. Genie Energy's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 27.4 Mil. Therefore, Genie Energy's market cap for the quarter that ended in Dec. 2023 was $771.2 Mil.
Genie Energy's quarterly market cap
increased
from Jun. 2023 ($388.3 Mil) to Sep. 2023 ($403.5 Mil) and
increased
from Sep. 2023 ($403.5 Mil) to Dec. 2023 ($771.2 Mil).
Genie Energy's annual market cap
increased
from Dec. 2021 ($145.9 Mil) to Dec. 2022 ($268.8 Mil) and
increased
from Dec. 2022 ($268.8 Mil) to Dec. 2023 ($771.2 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. Genie Energy's Enterprise Value for Today is $317.0 Mil.
Genie Energy Market Cap Historical Data
The historical data trend for Genie Energy'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.
Competitive Comparison of Genie Energy's Market Cap
For the Utilities - Regulated Electric subindustry, Genie Energy'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.
Genie Energy's Market Cap Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Genie Energy's Market Cap distribution charts can be found below:
* The bar in red indicates where Genie Energy's Market Cap falls into.
Genie Energy 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.
Genie Energy'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.
Genie Energy (NYSE:GNE) 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.
Genie Energy Market Cap Related Terms
Thank you for viewing the detailed overview of Genie Energy's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Genie Energy, through its subsidiaries, operates primarily as a global retail energy provider. It operates two reportable business segments: Genie retail energy, or GRE, and Genie renewables. The Genie retail energy segment resells energy to residential and commercial consumers in the Eastern and Midwestern United States through its portfolio of various retail energy providers. The Genie renewables segment holds controlling interests in various companies engaged in the manufacturing of solar panels, solar installation design, and solar energy project management.
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