Summit Financial Group's quarterly market cap
increased
from Jun. 2023 ($303.1 Mil) to Sep. 2023 ($330.8 Mil) and
increased
from Sep. 2023 ($330.8 Mil) to Dec. 2023 ($450.6 Mil).
Summit Financial Group's annual market cap
declined
from Dec. 2021 ($349.8 Mil) to Dec. 2022 ($318.2 Mil) but then
increased
from Dec. 2022 ($318.2 Mil) to Dec. 2023 ($450.6 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. Summit Financial Group's Enterprise Value for Today is $734.5 Mil.
* 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 Summit Financial Group's Market Cap
For the Banks - Regional subindustry, Summit Financial Group'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.
Summit Financial Group's Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Summit Financial Group's Market Cap distribution charts can be found below:
* The bar in red indicates where Summit Financial Group's Market Cap falls into.
Summit Financial Group 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.
Summit Financial Group'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.
Summit Financial Group (NAS:SMMF) 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.
Summit Financial Group Market Cap Related Terms
Thank you for viewing the detailed overview of Summit Financial Group's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Summit Financial Group (Summit Financial Group) Business Description
Summit Financial Group Inc is a financial holding company. The company provides community banking services in the Eastern Panhandle, Southern, and North Central regions of West Virginia and the Northern, Shenandoah Valley, and Southwestern regions of Virginia. It provides a wide range of community banking services, including demand, savings, and time deposits; commercial, real estate, and consumer loans; trust and wealth management services; and cash management services.
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