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). Loews's share price for the quarter that ended in Dec. 2023 was $69.59. Loews's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 222 Mil. Therefore, Loews's market cap for the quarter that ended in Dec. 2023 was $15,461 Mil.
Loews's quarterly market cap
increased
from Jun. 2023 ($13,426 Mil) to Sep. 2023 ($14,198 Mil) and
increased
from Sep. 2023 ($14,198 Mil) to Dec. 2023 ($15,461 Mil).
Loews's annual market cap
declined
from Dec. 2021 ($14,348 Mil) to Dec. 2022 ($13,764 Mil) but then
increased
from Dec. 2022 ($13,764 Mil) to Dec. 2023 ($15,461 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. Loews's Enterprise Value for Today is $25,592 Mil.
Loews Market Cap Historical Data
The historical data trend for Loews'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 Insurance - Property & Casualty subindustry, Loews'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.
Loews Market Cap Distribution
For the Insurance industry and Financial Services sector, Loews's Market Cap distribution charts can be found below:
* The bar in red indicates where Loews's Market Cap falls into.
Loews 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.
Loews'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.
Loews (NYSE:L) 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.
Loews Market Cap Related Terms
Thank you for viewing the detailed overview of Loews's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Loews Corp is a holding company that is supported by a variety of businesses. Its largest subsidiary is CNA Financial Corporation, a property and casualty insurance company. CNA's services include risk management, information services, and warranty and claims administration. Loews also maintains an operation of offshore oil and gas drilling rigs through Diamond Offshore Drilling, Inc. The company engages in the transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas through Boardwalk Pipeline Partners, LP. Loews also operates a chain of hotels.
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