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Promise Technology (TPE:3057) Market Cap : NT$1,214.1 Mil (As of May. 17, 2024)


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What is Promise Technology Market Cap?

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 (EOP). Promise Technology's share price for the quarter that ended in Mar. 2024 was NT$12.35. Promise Technology's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 92.7 Mil. Therefore, Promise Technology's market cap for the quarter that ended in Mar. 2024 was NT$1,144.6 Mil.

Promise Technology's quarterly market cap increased from Sep. 2023 (NT$1,075.1 Mil) to Dec. 2023 (NT$1,190.9 Mil) but then declined from Dec. 2023 (NT$1,190.9 Mil) to Mar. 2024 (NT$1,144.6 Mil).

Promise Technology's annual market cap declined from Dec. 2021 (NT$1,331.0 Mil) to Dec. 2022 (NT$924.9 Mil) but then increased from Dec. 2022 (NT$924.9 Mil) to Dec. 2023 (NT$1,190.9 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. Promise Technology's Enterprise Value for Today is NT$1,110.3 Mil.


Promise Technology Market Cap Historical Data

The historical data trend for Promise Technology's Market Cap can be seen below:

* 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.

* Premium members only.

Promise Technology Market Cap Chart

Promise Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Market Cap
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,223.15 1,030.62 1,331.00 924.94 1,190.92

Promise Technology Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Market Cap Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,042.64 1,144.59 1,075.08 1,190.92 1,144.58

Competitive Comparison of Promise Technology's Market Cap

For the Computer Hardware subindustry, Promise Technology'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.


Promise Technology's Market Cap Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Promise Technology's Market Cap distribution charts can be found below:

* The bar in red indicates where Promise Technology's Market Cap falls into.



Promise Technology 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.

Promise Technology's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as

Market Cap (A: Dec. 2023 )=Share Price (A: Dec. 2023 )*Shares Outstanding (EOP) (A: Dec. 2023 )
=NT$12.85*92.6787
=NT$1,190.9

Promise Technology's Market Cap for the quarter that ended in Mar. 2024 is calculated as

Market Cap (Q: Mar. 2024 )=Share Price (Q: Mar. 2024 )*Shares Outstanding (EOP) (Q: Mar. 2024 )
=NT$12.35*92.6787
=NT$1,144.6

* 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.


Promise Technology  (TPE:3057) 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 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.


Promise Technology Market Cap Related Terms

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Promise Technology (TPE:3057) Business Description

Traded in Other Exchanges
N/A
Address
No. 30, Industrial East 9th Road IX, 2nd Floor, Hsinchu Science Industrial Park, Hsinchu County, Hsinchu, TWN
Promise Technology Inc is a developer of open storage platforms, designed for the data centre, surveillance, cloud, and rich media markets. Its product portfolio comprises VTrak, Vess, Pegasus, and SANlink. In addition, the company offers solutions, including consumer/IoT, rich media, cloud, surveillance, and IT solutions, as well as professional services comprising warranties, onsite hardware replacement, training, and installation services. It offers computer storage equipment high -performance control cards and systems, computer high-performance network and graphics systems, multimedia software, and hardware kits and systems, and Products related to computer and telephone integration technology.

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