Tortoise Pipeline & Energy Fund's quarterly market cap
declined
from Nov. 2022 ($60.49 Mil) to May. 2023 ($52.51 Mil) but then
increased
from May. 2023 ($52.51 Mil) to Nov. 2023 ($56.34 Mil).
Tortoise Pipeline & Energy Fund's annual market cap
increased
from Nov. 2021 ($51.60 Mil) to Nov. 2022 ($60.49 Mil) but then
declined
from Nov. 2022 ($60.49 Mil) to Nov. 2023 ($56.34 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. Tortoise Pipeline & Energy Fund's Enterprise Value for Today is $74.74 Mil.
Tortoise Pipeline & Energy Fund Market Cap Historical Data
* 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.
Competitive Comparison of Tortoise Pipeline & Energy Fund's Market Cap
For the Asset Management subindustry, Tortoise Pipeline & Energy Fund'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.
Tortoise Pipeline & Energy Fund's Market Cap Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Tortoise Pipeline & Energy Fund's Market Cap distribution charts can be found below:
* The bar in red indicates where Tortoise Pipeline & Energy Fund's Market Cap falls into.
Tortoise Pipeline & Energy Fund 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.
* 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.
Tortoise Pipeline & Energy Fund (NYSE:TTP) 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 companys 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.
Tortoise Pipeline & Energy Fund Market Cap Related Terms
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Tortoise Pipeline & Energy Fund (Tortoise Pipeline & Energy Fund) Business Description
Tortoise Pipeline & Energy Fund Inc is a non-diversified, closed-end investment management company. It invests in equity securities of North American pipeline companies that transport natural gas, natural gas liquids, crude oil, and refined products. The company seeks to invest in fixed-income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles.
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