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Phoenix Companies Inc (NYSE:PNX)
Market Cap
$350 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. Phoenix Companies Inc's share price for the quarter that ended in Sep. 2014 was $56.19. Phoenix Companies Inc's shares outstanding for the quarter that ended in Sep. 2014 was 6 Mil. Therefore, Phoenix Companies Inc's market cap for the quarter that ended in Sep. 2014 was $350 Mil.

Phoenix Companies Inc's quarterly market cap declined from Mar. 2014 ($295 Mil) to Jun. 2014 ($279 Mil) but then increased from Jun. 2014 ($279 Mil) to Sep. 2014 ($320 Mil).

Phoenix Companies Inc's annual market cap increased from Dec. 2012 ($141 Mil) to Dec. 2013 ($350 Mil) but then declined from Dec. 2013 ($350 Mil) to Mar. 2014 ($295 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. Phoenix Companies Inc's enterprise value for Today is $207 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.

Phoenix Companies Inc's Market Cap for the fiscal year that ended in Mar. 2014 is calculated as

Market Cap (A: Mar. 2014 )=Share Price (A: Mar. 2014 )*Shares Outstanding (A: Mar. 2014 )
=51.75*5.70
=295

Phoenix Companies Inc's Market Cap for the quarter that ended in Sep. 2014 is calculated as

Market Cap (Q: Sep. 2014 )=Share Price (Q: Sep. 2014 )*Shares Outstanding (Q: Sep. 2014 )
=56.19*5.70
=320

* 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.

Phoenix Companies Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Mar14
mktcap 1,2991,8261,356374322295196141350295

Phoenix Companies Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
mktcap 215175141175245220350295279320
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