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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). 3M Co's share price for the quarter that ended in Sep. 2016 was $176.23. 3M Co's shares outstanding (EOP) for the quarter that ended in Sep. 2016 was 601 Mil. Therefore, 3M Co's market cap for the quarter that ended in Sep. 2016 was $105,997 Mil.
3M Co's quarterly market cap increased from Mar. 2016 ($101,063 Mil) to Jun. 2016 ($105,843 Mil) and increased from Jun. 2016 ($105,843 Mil) to Sep. 2016 ($105,997 Mil).
3M Co's annual market cap increased from Dec. 2013 ($93,028 Mil) to Dec. 2014 ($104,365 Mil) but then declined from Dec. 2014 ($104,365 Mil) to Dec. 2015 ($91,789 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. 3M Co's enterprise value for Today is $118,035 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.
3M Co's Market Cap for the fiscal year that ended in Dec. 2015 is calculated as
|Market Cap (A: Dec. 2015 )||=||Share Price (A: Dec. 2015 )||*||Shares Outstanding (EOP) (A: Dec. 2015 )|
3M Co's Market Cap for the quarter that ended in Sep. 2016 is calculated as
|Market Cap (Q: Sep. 2016 )||=||Share Price (Q: Sep. 2016 )||*||Shares Outstanding (EOP) (Q: Sep. 2016 )|
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.
3M Co Annual Data
3M Co Quarterly Data