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). Rio Tinto's share price for the quarter that ended in Dec. 2023 was $74.46. Rio Tinto's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 1,623 Mil. Therefore, Rio Tinto's market cap for the quarter that ended in Dec. 2023 was $120,814 Mil.
Rio Tinto's quarterly market cap
declined
from Dec. 2022 ($115,405 Mil) to Jun. 2023 ($103,559 Mil) but then
increased
from Jun. 2023 ($103,559 Mil) to Dec. 2023 ($120,814 Mil).
Rio Tinto's annual market cap
increased
from Dec. 2021 ($108,399 Mil) to Dec. 2022 ($115,405 Mil) and
increased
from Dec. 2022 ($115,405 Mil) to Dec. 2023 ($120,814 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. Rio Tinto's Enterprise Value for Today is $112,796 Mil.
Rio Tinto Market Cap Historical Data
The historical data trend for Rio Tinto'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 Other Industrial Metals & Mining subindustry, Rio Tinto'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.
Rio Tinto Market Cap Distribution
For the Metals & Mining industry and Basic Materials sector, Rio Tinto's Market Cap distribution charts can be found below:
* The bar in red indicates where Rio Tinto's Market Cap falls into.
Rio Tinto 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.
Rio Tinto'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.
Rio Tinto (NYSE:RIO) 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.
Rio Tinto Market Cap Related Terms
Thank you for viewing the detailed overview of Rio Tinto's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
RIO has been successfully added to your 