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Sonic Corporation (NAS:SONC)
Market Cap
$0.0 Mil (As of Feb. 2014)

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. Sonic Corporation's share price for the quarter that ended in Feb. 2014 was $0. Sonic Corporation's shares outstanding for the quarter that ended in Feb. 2014 was 56.5 Mil. Therefore, Sonic Corporation's market cap for the quarter that ended in Feb. 2014 was $0.0 Mil.

Sonic Corporation's quarterly market cap increased from Aug. 2013 ($898.2 Mil) to Nov. 2013 ($1,114.6 Mil) but then declined from Nov. 2013 ($1,114.6 Mil) to Feb. 2014 ($0.0 Mil).

Sonic Corporation's annual market cap declined from Aug. 2011 ($574.6 Mil) to Aug. 2012 ($543.3 Mil) but then increased from Aug. 2012 ($543.3 Mil) to Aug. 2013 ($898.2 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 Corporation's enterprise value for the quarter that ended in Feb. 2014 was $0.0 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 Corporation's Market Cap for the fiscal year that ended in Aug. 2013 is calculated as

Market Cap (A: Aug. 2013 )=Share Price (A: Aug. 2013 )*Shares Outstanding (A: Aug. 2013 )
=15.96*56.28
=898.2

Sonic Corporation's Market Cap for the quarter that ended in Feb. 2014 is calculated as

Market Cap (Q: Feb. 2014 )=Share Price (Q: Feb. 2014 )*Shares Outstanding (Q: Feb. 2014 )
=0*56.48
=0.0

* 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.

Sonic Corporation Annual Data

Aug04Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13
mktcap 1,331.91,831.71,873.31,326.2874.2698.4472.8574.6543.3898.2

Sonic Corporation Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
mktcap 435.2500.6499.5543.3569.2631.4732.6898.21,114.60.0
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