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Novagold Resources Inc (AMEX:NG)
Market Cap
$1,269.10 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. Novagold Resources Inc's share price for the quarter that ended in May. 2014 was $3.01. Novagold Resources Inc's shares outstanding for the quarter that ended in May. 2014 was 317.29 Mil. Therefore, Novagold Resources Inc's market cap for the quarter that ended in May. 2014 was $1,269.10 Mil.

Novagold Resources Inc's quarterly market cap increased from Nov. 2013 ($740.98 Mil) to Feb. 2014 ($1,170.84 Mil) but then declined from Feb. 2014 ($1,170.84 Mil) to May. 2014 ($955.04 Mil).

Novagold Resources Inc's annual market cap declined from Nov. 2011 ($2,488.35 Mil) to Nov. 2012 ($1,242.36 Mil) and declined from Nov. 2012 ($1,242.36 Mil) to Nov. 2013 ($740.98 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 $1,181.46 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. 2013 is calculated as

Market Cap (A: Nov. 2013 )=Share Price (A: Nov. 2013 )*Shares Outstanding (A: Nov. 2013 )
=2.34*316.66
=740.98

Novagold Resources Inc's Market Cap for the quarter that ended in May. 2014 is calculated as

Market Cap (Q: May. 2014 )=Share Price (Q: May. 2014 )*Shares Outstanding (Q: May. 2014 )
=3.01*317.29
=955.04

* 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.

Novagold Resources Inc Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
mktcap 483.30603.421,332.97883.1955.27943.933,030.152,488.351,242.36740.98

Novagold Resources Inc Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
mktcap 2,064.841,581.801,301.071,242.361,263.35797.96867.62740.981,170.84955.04
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