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Hovnanian Enterprises Inc (NYSE:HOV)
Market Cap
$253 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 (end-of-period, EOP). Hovnanian Enterprises Inc's share price for the quarter that ended in Jul. 2016 was $1.84. Hovnanian Enterprises Inc's shares outstanding (EOP) for the quarter that ended in Jul. 2016 was 147 Mil. Therefore, Hovnanian Enterprises Inc's market cap for the quarter that ended in Jul. 2016 was $271 Mil.

Hovnanian Enterprises Inc's quarterly market cap increased from Jan. 2016 ($227 Mil) to Apr. 2016 ($246 Mil) and increased from Apr. 2016 ($246 Mil) to Jul. 2016 ($271 Mil).

Hovnanian Enterprises Inc's annual market cap declined from Oct. 2013 ($704 Mil) to Oct. 2014 ($549 Mil) and declined from Oct. 2014 ($549 Mil) to Oct. 2015 ($302 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. Hovnanian Enterprises Inc's enterprise value for Today is $2,060 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.

Hovnanian Enterprises Inc's Market Cap for the fiscal year that ended in Oct. 2015 is calculated as

Market Cap (A: Oct. 2015 )=Share Price (A: Oct. 2015 )*Shares Outstanding (EOP) (A: Oct. 2015 )
=2.06*146.52
=302

Hovnanian Enterprises Inc's Market Cap for the quarter that ended in Jul. 2016 is calculated as

Market Cap (Q: Jul. 2016 )=Share Price (Q: Jul. 2016 )*Shares Outstanding (EOP) (Q: Jul. 2016 )
=1.84*147.30
=271

* 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 (EOP)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Hovnanian Enterprises Inc Annual Data

Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15
mktcap 1,907707329302277137572704549302

Hovnanian Enterprises Inc Quarterly Data

Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16
mktcap 650583549504457296302227246271
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