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Titanium Metals Corporation (NYSE:TIE)
Market Cap
$2,247 Mil (As of Sep. 2012)

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. Titanium Metals Corporation's share price for the quarter that ended in Sep. 2012 was $12.83. Titanium Metals Corporation's shares outstanding for the quarter that ended in Sep. 2012 was 175 Mil. Therefore, Titanium Metals Corporation's market cap for the quarter that ended in Sep. 2012 was $2,247 Mil.

Titanium Metals Corporation's quarterly market cap declined from Mar. 2012 ($2,376 Mil) to Jun. 2012 ($1,982 Mil) but then increased from Jun. 2012 ($1,982 Mil) to Sep. 2012 ($2,247 Mil).

Titanium Metals Corporation's annual market cap increased from Dec. 2009 ($2,262 Mil) to Dec. 2010 ($3,099 Mil) but then declined from Dec. 2010 ($3,099 Mil) to Dec. 2011 ($2,668 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. Titanium Metals Corporation's enterprise value for the quarter that ended in Sep. 2012 was $2,331 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.

Titanium Metals Corporation's Market Cap for the fiscal year that ended in Dec. 2011 is calculated as

Market Cap (A: Dec. 2011 )=Share Price (A: Dec. 2011 )*Shares Outstanding (A: Dec. 2011 )
=14.98*178.100
=2,668

Titanium Metals Corporation's Market Cap for the quarter that ended in Sep. 2012 is calculated as

Market Cap (Q: Sep. 2012 )=Share Price (Q: Sep. 2012 )*Shares Outstanding (Q: Sep. 2012 )
=12.83*175.100
=2,247

* 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.

Titanium Metals Corporation Annual Data

Dec02Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11
mktcap 611704382,8755,4244,8751,6082,2623,0992,668

Titanium Metals Corporation Semi-Annual Data

Jun10Sep10Dec10Mar11Jun11Sep11Dec11Mar12Jun12Sep12
mktcap 3,1753,6013,0963,3523,2962,6502,6232,3761,9822,247
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