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Toro Co (NYSE:TTC)
Market Cap
\$6,284 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). Toro Co's share price for the quarter that ended in Jul. 2016 was \$45.98. Toro Co's shares outstanding (EOP) for the quarter that ended in Jul. 2016 was 109 Mil. Therefore, Toro Co's market cap for the quarter that ended in Jul. 2016 was \$5,025 Mil.

Toro Co's quarterly market cap increased from Jan. 2016 (\$4,060 Mil) to Apr. 2016 (\$4,735 Mil) and increased from Apr. 2016 (\$4,735 Mil) to Jul. 2016 (\$5,025 Mil).

Toro Co's annual market cap increased from Oct. 2012 (\$2,460 Mil) to Oct. 2013 (\$3,347 Mil) and increased from Oct. 2013 (\$3,347 Mil) to Oct. 2014 (\$3,438 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. Toro Co's enterprise value for Today is \$6,364 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.

Toro Co's Market Cap for the fiscal year that ended in Oct. 2014 is calculated as

 Market Cap (A: Oct. 2014 ) = Share Price (A: Oct. 2014 ) * Shares Outstanding (EOP) (A: Oct. 2014 ) = 30.87 * 111.36 = 3,438

Toro Co's Market Cap for the quarter that ended in Jul. 2016 is calculated as

 Market Cap (Q: Jul. 2016 ) = Share Price (Q: Jul. 2016 ) * Shares Outstanding (EOP) (Q: Jul. 2016 ) = 45.98 * 109.29 = 5,025

* 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.

Toro Co Annual Data

 Oct05 Oct06 Oct07 Oct08 Oct09 Oct10 Oct11 Oct12 Oct13 Oct14 mktcap 1,530 1,742 2,113 1,195 1,236 1,782 1,600 2,460 3,347 3,438

Toro Co Quarterly Data

 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 mktcap 3,551 3,306 3,438 3,612 3,705 3,747 4,114 4,060 4,735 5,025
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