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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. ITT Corp's share price for the quarter that ended in Dec. 2014 was $40.46. ITT Corp's shares outstanding for the quarter that ended in Dec. 2014 was 92 Mil. Therefore, ITT Corp's market cap for the quarter that ended in Dec. 2014 was $3,676 Mil.
ITT Corp's quarterly market cap declined from Jun. 2014 ($4,406 Mil) to Sep. 2014 ($4,117 Mil) and declined from Sep. 2014 ($4,117 Mil) to Dec. 2014 ($3,706 Mil).
ITT Corp's annual market cap increased from Dec. 2012 ($2,161 Mil) to Dec. 2013 ($3,951 Mil) but then declined from Dec. 2013 ($3,951 Mil) to Dec. 2014 ($3,682 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. ITT Corp's enterprise value for Today is $3,101 Mil.
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.
ITT Corp's Market Cap for the fiscal year that ended in Dec. 2014 is calculated as
|Market Cap (A: Dec. 2014 )||=||Share Price (A: Dec. 2014 )||*||Shares Outstanding (A: Dec. 2014 )|
ITT Corp's Market Cap for the quarter that ended in Dec. 2014 is calculated as
|Market Cap (Q: Dec. 2014 )||=||Share Price (Q: Dec. 2014 )||*||Shares Outstanding (Q: Dec. 2014 )|
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
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.
ITT Corp Annual Data
ITT Corp Quarterly Data