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Meredith Corporation (NYSE:MDP)
Market Cap
$2,315 Mil (As of Dec. 2013)

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. Meredith Corporation's share price for the quarter that ended in Dec. 2013 was $51.8. Meredith Corporation's shares outstanding for the quarter that ended in Dec. 2013 was 45 Mil. Therefore, Meredith Corporation's market cap for the quarter that ended in Dec. 2013 was $2,315 Mil.

Meredith Corporation's quarterly market cap increased from Jun. 2013 ($2,126 Mil) to Sep. 2013 ($2,129 Mil) and increased from Sep. 2013 ($2,129 Mil) to Dec. 2013 ($2,315 Mil).

Meredith Corporation's annual market cap increased from Jun. 2011 ($1,403 Mil) to Jun. 2012 ($1,422 Mil) and increased from Jun. 2012 ($1,422 Mil) to Jun. 2013 ($2,126 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. Meredith Corporation's enterprise value for the quarter that ended in Dec. 2013 was $2,629 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.

Meredith Corporation's Market Cap for the fiscal year that ended in Jun. 2013 is calculated as

Market Cap (A: Jun. 2013 )=Share Price (A: Jun. 2013 )*Shares Outstanding (A: Jun. 2013 )
=47.7*44.57
=2,126

Meredith Corporation's Market Cap for the quarter that ended in Dec. 2013 is calculated as

Market Cap (Q: Dec. 2013 )=Share Price (Q: Dec. 2013 )*Shares Outstanding (Q: Dec. 2013 )
=51.8*44.69
=2,315

* 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.

Meredith Corporation Annual Data

Jun04Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
mktcap 2,7612,4242,4642,9921,3091,1521,4141,4031,4222,126

Meredith Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
mktcap 1,0181,4621,4551,4221,5561,5291,7022,1262,1292,315
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