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Sonic Corp (NAS:SONC)
Market Cap
\$1,166.4 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 (end-of-period, EOP). Sonic Corp's share price for the quarter that ended in May. 2016 was \$29.79. Sonic Corp's shares outstanding (EOP) for the quarter that ended in May. 2016 was 47.9 Mil. Therefore, Sonic Corp's market cap for the quarter that ended in May. 2016 was \$1,426.0 Mil.

Sonic Corp's quarterly market cap increased from Nov. 2015 (\$1,432.1 Mil) to Feb. 2016 (\$1,435.0 Mil) but then declined from Feb. 2016 (\$1,435.0 Mil) to May. 2016 (\$1,426.0 Mil).

Sonic Corp's annual market cap increased from Aug. 2013 (\$898.2 Mil) to Aug. 2014 (\$1,135.7 Mil) and increased from Aug. 2014 (\$1,135.7 Mil) to Aug. 2015 (\$1,378.6 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. Sonic Corp's enterprise value for Today is \$1,694.3 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.

Sonic Corp's Market Cap for the fiscal year that ended in Aug. 2015 is calculated as

 Market Cap (A: Aug. 2015 ) = Share Price (A: Aug. 2015 ) * Shares Outstanding (EOP) (A: Aug. 2015 ) = 27 * 51.06 = 1,378.6

Sonic Corp's Market Cap for the quarter that ended in May. 2016 is calculated as

 Market Cap (Q: May. 2016 ) = Share Price (Q: May. 2016 ) * Shares Outstanding (EOP) (Q: May. 2016 ) = 29.79 * 47.87 = 1,426.0

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 (EOP)

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Sonic Corp Annual Data

 Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 mktcap 1,326.2 875.8 698.4 472.8 574.6 543.3 898.2 1,135.7 1,378.6 1,338.1

Sonic Corp Quarterly Data

 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 mktcap 1,127.6 1,135.7 1,453.0 1,651.2 1,569.7 1,378.6 1,432.1 1,435.0 1,426.0 1,338.1
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