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 (EOP). Nine Energy Service's share price for the quarter that ended in Dec. 2023 was $2.68. Nine Energy Service's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 35.3 Mil. Therefore, Nine Energy Service's market cap for the quarter that ended in Dec. 2023 was $94.7 Mil.
Nine Energy Service's quarterly market cap
increased
from Jun. 2023 ($135.5 Mil) to Sep. 2023 ($145.6 Mil) but then
declined
from Sep. 2023 ($145.6 Mil) to Dec. 2023 ($94.7 Mil).
Nine Energy Service's annual market cap
increased
from Dec. 2021 ($32.8 Mil) to Dec. 2022 ($482.7 Mil) but then
declined
from Dec. 2022 ($482.7 Mil) to Dec. 2023 ($94.7 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. Nine Energy Service's Enterprise Value for Today is $413.2 Mil.
Nine Energy Service Market Cap Historical Data
The historical data trend for Nine Energy Service's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Nine Energy Service's Market Cap
For the Oil & Gas Equipment & Services subindustry, Nine Energy Service's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nine Energy Service's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Nine Energy Service's Market Cap distribution charts can be found below:
* The bar in red indicates where Nine Energy Service's Market Cap falls into.
Nine Energy Service Market Cap Calculation
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.
Nine Energy Service's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nine Energy Service (NYSE:NINE) Market Cap 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 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.
Nine Energy Service Market Cap Related Terms
Thank you for viewing the detailed overview of Nine Energy Service's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Nine Energy Service (Nine Energy Service) Business Description
Nine Energy Service Inc is a North American onshore completion and production services provider. It targets unconventional oil and gas resource development. It operates in one segment, Completion Solutions. The Completion Solutions segment offers cementing services; completion tools, including liner hangers and accessories, frac sleeves, fully composite frac plugs, and specialty open hole float equipment and centralizers and other services. It operates in the US, Canada, and other countries where most of the revenue is generated from the United States.
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