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). Labcorp Holdings's share price for the quarter that ended in Mar. 2024 was $218.46. Labcorp Holdings's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 84 Mil. Therefore, Labcorp Holdings's market cap for the quarter that ended in Mar. 2024 was $18,416 Mil.
Labcorp Holdings's quarterly market cap
increased
from Sep. 2023 ($17,069 Mil) to Dec. 2023 ($19,070 Mil) but then
declined
from Dec. 2023 ($19,070 Mil) to Mar. 2024 ($18,416 Mil).
Labcorp Holdings's annual market cap
declined
from Dec. 2021 ($25,109 Mil) to Dec. 2022 ($17,827 Mil) but then
increased
from Dec. 2022 ($17,827 Mil) to Dec. 2023 ($19,070 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. Labcorp Holdings's Enterprise Value for Today is $22,483 Mil.
Labcorp Holdings Market Cap Historical Data
The historical data trend for Labcorp Holdings'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 Labcorp Holdings's Market Cap
For the Diagnostics & Research subindustry, Labcorp Holdings'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.
Labcorp Holdings's Market Cap Distribution in the Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Labcorp Holdings's Market Cap distribution charts can be found below:
* The bar in red indicates where Labcorp Holdings's Market Cap falls into.
Labcorp Holdings 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.
Labcorp Holdings'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.
Labcorp Holdings (NYSE:LH) 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.
Labcorp Holdings Market Cap Related Terms
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Labcorp Holdings (Labcorp Holdings) Business Description
Laboratory Corp. of America is one of the nation's two largest independent clinical laboratories, with roughly 20% of the independent lab market. The company operates approximately 2,000 patient-service centers, offering a broad range of 5,000 clinical lab tests, ranging from routine blood and urine screens to complex oncology and genomic testing.
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