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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 (end-of-period, EOP). Legg Mason Inc's share price for the quarter that ended in Dec. 2015 was $39.23. Legg Mason Inc's shares outstanding (EOP) for the quarter that ended in Dec. 2015 was 108 Mil. Therefore, Legg Mason Inc's market cap for the quarter that ended in Dec. 2015 was $4,225 Mil.
Legg Mason Inc's quarterly market cap declined from Jun. 2015 ($5,675 Mil) to Sep. 2015 ($4,503 Mil) and declined from Sep. 2015 ($4,503 Mil) to Dec. 2015 ($4,225 Mil).
Legg Mason Inc's annual market cap increased from Mar. 2013 ($4,030 Mil) to Mar. 2014 ($5,746 Mil) and increased from Mar. 2014 ($5,746 Mil) to Mar. 2015 ($6,153 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. Legg Mason Inc's enterprise value for Today is $2,939 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.
Legg Mason Inc's Market Cap for the fiscal year that ended in Mar. 2015 is calculated as
|Market Cap (A: Mar. 2015 )||=||Share Price (A: Mar. 2015 )||*||Shares Outstanding (EOP) (A: Mar. 2015 )|
Legg Mason Inc's Market Cap for the quarter that ended in Dec. 2015 is calculated as
|Market Cap (Q: Dec. 2015 )||=||Share Price (Q: Dec. 2015 )||*||Shares Outstanding (EOP) (Q: Dec. 2015 )|
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.
Legg Mason Inc Annual Data
Legg Mason Inc Quarterly Data