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Hormel Foods Corporation (NYSE:HRL)
Market Cap
$11,993 Mil (As of Jan. 2014)

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. Hormel Foods Corporation's share price for the quarter that ended in Jan. 2014 was $45.44. Hormel Foods Corporation's shares outstanding for the quarter that ended in Jan. 2014 was 264 Mil. Therefore, Hormel Foods Corporation's market cap for the quarter that ended in Jan. 2014 was $11,993 Mil.

Hormel Foods Corporation's quarterly market cap increased from Jul. 2013 ($11,183 Mil) to Oct. 2013 ($11,470 Mil) and increased from Oct. 2013 ($11,470 Mil) to Jan. 2014 ($11,993 Mil).

Hormel Foods Corporation's annual market cap declined from Oct. 2011 ($7,779 Mil) to Oct. 2012 ($7,768 Mil) but then increased from Oct. 2012 ($7,768 Mil) to Oct. 2013 ($11,470 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. Hormel Foods Corporation's enterprise value for the quarter that ended in Jan. 2014 was $11,610 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.

Hormel Foods Corporation's Market Cap for the fiscal year that ended in Oct. 2013 is calculated as

Market Cap (A: Oct. 2013 )=Share Price (A: Oct. 2013 )*Shares Outstanding (A: Oct. 2013 )
=43.46*263.93
=11,470

Hormel Foods Corporation's Market Cap for the quarter that ended in Jan. 2014 is calculated as

Market Cap (Q: Jan. 2014 )=Share Price (Q: Jan. 2014 )*Shares Outstanding (Q: Jan. 2014 )
=45.44*263.93
=11,993

* 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.

Hormel Foods Corporation Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
mktcap 3,9014,3794,9834,9813,8104,8716,1067,7797,76811,470

Hormel Foods Corporation Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
mktcap 7,7797,5947,6507,3477,7689,16110,93411,18311,47011,993
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