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). Rite Aid's share price for the quarter that ended in Aug. 2023 was $0.77. Rite Aid's Shares Outstanding (EOP) for the quarter that ended in Aug. 2023 was 57 Mil. Therefore, Rite Aid's market cap for the quarter that ended in Aug. 2023 was $44 Mil.
Rite Aid's quarterly market cap
declined
from Feb. 2023 ($219 Mil) to May. 2023 ($102 Mil) and
declined
from May. 2023 ($102 Mil) to Aug. 2023 ($44 Mil).
Rite Aid's annual market cap
declined
from Feb. 2021 ($1,080 Mil) to Feb. 2022 ($511 Mil) and
declined
from Feb. 2022 ($511 Mil) to Feb. 2023 ($219 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. Rite Aid's Enterprise Value for Today is $6,495 Mil.
Rite Aid Market Cap Historical Data
The historical data trend for Rite Aid'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.
For the Pharmaceutical Retailers subindustry, Rite Aid'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.
Rite Aid Market Cap Distribution
For the Healthcare Providers & Services industry and Healthcare sector, Rite Aid's Market Cap distribution charts can be found below:
* The bar in red indicates where Rite Aid's Market Cap falls into.
Rite Aid 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.
Rite Aid's Market Cap for the fiscal year that ended in Feb. 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.
Rite Aid (OTCPK:RADCQ) 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.
Rite Aid Market Cap Related Terms
Thank you for viewing the detailed overview of Rite Aid's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Rite Aid Corp is a large retail drugstore chain in the United States. The company reports via two segments: retail pharmacy and pharmacy services. The retail pharmacy segment generates revenue primarily through the sale of prescription drugs, along with an assortment of merchandise that includes over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and numerous other everyday consumables. The pharmacy-services segment relates to EnvisionRx, a fully owned subsidiary that operates as a pharmacy benefit management provider offering a broad range of pharmaceutical services.
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