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Sunoco LP (NYSE:SUN)
Market Cap
$1,605 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. Sunoco LP's share price for the quarter that ended in Sep. 2014 was $54.87. Sunoco LP's shares outstanding for the quarter that ended in Sep. 2014 was 22 Mil. Therefore, Sunoco LP's market cap for the quarter that ended in Sep. 2014 was $1,605 Mil.

Sunoco LP's quarterly market cap increased from Mar. 2014 ($772 Mil) to Jun. 2014 ($1,026 Mil) and increased from Jun. 2014 ($1,026 Mil) to Sep. 2014 ($1,207 Mil).

Sunoco LP's annual market cap increased from Dec. 2011 ($0 Mil) to Dec. 2012 ($550 Mil) and increased from Dec. 2012 ($550 Mil) to Dec. 2013 ($727 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. Sunoco LP's enterprise value for Today is $1,868 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.

Sunoco LP's Market Cap for the fiscal year that ended in Dec. 2013 is calculated as

Market Cap (A: Dec. 2013 )=Share Price (A: Dec. 2013 )*Shares Outstanding (A: Dec. 2013 )
=33.1*21.96
=727

Sunoco LP's Market Cap for the quarter that ended in Sep. 2014 is calculated as

Market Cap (Q: Sep. 2014 )=Share Price (Q: Sep. 2014 )*Shares Outstanding (Q: Sep. 2014 )
=54.87*21.99
=1,207

* 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.

Sunoco LP Annual Data

Dec10Dec11Dec12Dec13
mktcap 00000000550727

Sunoco LP Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
mktcap 05255507116416617277721,0261,207
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