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Novagold Resources Inc (AMEX:NG)
Market Cap
\$1,459.27 Mil (As of Today)

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). Novagold Resources Inc's share price for the quarter that ended in Aug. 2016 was \$5.15. Novagold Resources Inc's shares outstanding (EOP) for the quarter that ended in Aug. 2016 was 320.02 Mil. Therefore, Novagold Resources Inc's market cap for the quarter that ended in Aug. 2016 was \$1,648.10 Mil.

Novagold Resources Inc's quarterly market cap increased from Feb. 2016 (\$1,583.83 Mil) to May. 2016 (\$1,721.06 Mil) but then declined from May. 2016 (\$1,721.06 Mil) to Aug. 2016 (\$1,648.10 Mil).

Novagold Resources Inc's annual market cap increased from Nov. 2013 (\$740.98 Mil) to Nov. 2014 (\$875.72 Mil) and increased from Nov. 2014 (\$875.72 Mil) to Nov. 2015 (\$1,188.95 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. Novagold Resources Inc's enterprise value for Today is \$1,505.65 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.

Novagold Resources Inc's Market Cap for the fiscal year that ended in Nov. 2015 is calculated as

 Market Cap (A: Nov. 2015 ) = Share Price (A: Nov. 2015 ) * Shares Outstanding (EOP) (A: Nov. 2015 ) = 3.74 * 317.90 = 1,188.95

Novagold Resources Inc's Market Cap for the quarter that ended in Aug. 2016 is calculated as

 Market Cap (Q: Aug. 2016 ) = Share Price (Q: Aug. 2016 ) * Shares Outstanding (EOP) (Q: Aug. 2016 ) = 5.15 * 320.02 = 1,648.10

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 (EOP)

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Novagold Resources Inc Annual Data

 Nov06 Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 mktcap 1,333.26 930.37 54.84 943.19 3,031.09 2,488.59 1,242.36 740.98 875.72 1,188.95

Novagold Resources Inc Semi-Annual Data

 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 mktcap 955.04 1,253.30 875.72 1,182.18 1,300.05 1,185.80 1,188.95 1,583.83 1,721.06 1,648.10
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