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GuruFocus has detected 5 Warning Signs with Varian Medical Systems Inc $VAR.
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Varian Medical Systems Inc (NYSE:VAR)
Market Cap (M)
$8,418 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). Varian Medical Systems Inc's share price for the quarter that ended in Dec. 2016 was $79.5. Varian Medical Systems Inc's shares outstanding (EOP) for the quarter that ended in Dec. 2016 was 93 Mil. Therefore, Varian Medical Systems Inc's market cap for the quarter that ended in Dec. 2016 was $7,428 Mil.

Varian Medical Systems Inc's quarterly market cap increased from Jun. 2016 ($6,868 Mil) to Sep. 2016 ($8,259 Mil) but then declined from Sep. 2016 ($8,259 Mil) to Dec. 2016 ($7,428 Mil).

Varian Medical Systems Inc's annual market cap declined from Sep. 2014 ($7,162 Mil) to Sep. 2015 ($6,502 Mil) but then increased from Sep. 2015 ($6,502 Mil) to Sep. 2016 ($8,259 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. Varian Medical Systems Inc's enterprise value for Today is $8,224 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.

Varian Medical Systems Inc's Market Cap for the fiscal year that ended in Sep. 2016 is calculated as

Market Cap (A: Sep. 2016 )=Share Price (A: Sep. 2016 )*Shares Outstanding (EOP) (A: Sep. 2016 )
=88.14*93.70
=8,259

Varian Medical Systems Inc's Market Cap for the quarter that ended in Dec. 2016 is calculated as

Market Cap (Q: Dec. 2016 )=Share Price (Q: Dec. 2016 )*Shares Outstanding (EOP) (Q: Dec. 2016 )
=79.5*93.44
=7,428

* 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.

Varian Medical Systems Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
mktcap 4,6466,3544,6846,5245,1895,8457,0487,1626,5028,259

Varian Medical Systems Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
mktcap 7,1627,6758,3497,4536,4086,9216,7716,8688,2597,428
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