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). Watsco's share price for the quarter that ended in Dec. 2023 was $428.47. Watsco's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 39 Mil. Therefore, Watsco's market cap for the quarter that ended in Dec. 2023 was $16,920 Mil.
Watsco's quarterly market cap
declined
from Jun. 2023 ($14,902 Mil) to Sep. 2023 ($14,880 Mil) but then
increased
from Sep. 2023 ($14,880 Mil) to Dec. 2023 ($16,920 Mil).
Watsco's annual market cap
declined
from Dec. 2021 ($12,155 Mil) to Dec. 2022 ($9,676 Mil) but then
increased
from Dec. 2022 ($9,676 Mil) to Dec. 2023 ($16,920 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. Watsco's Enterprise Value for Today is $16,159 Mil.
Watsco Market Cap Historical Data
The historical data trend for Watsco'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.
Watsco Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Market Cap
6,889.35
8,738.03
12,154.73
9,676.25
16,920.07
Watsco Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Market Cap
9,676.25
12,393.60
14,902.35
14,880.09
16,920.07
Competitive Comparison
For the Industrial Distribution subindustry, Watsco'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.
Watsco Market Cap Distribution
For the Industrial Distribution industry and Industrials sector, Watsco's Market Cap distribution charts can be found below:
* The bar in red indicates where Watsco's Market Cap falls into.
Watsco 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.
Watsco's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Watsco (NYSE:WSO) 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.
Watsco Market Cap Related Terms
Thank you for viewing the detailed overview of Watsco's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Watsco is the largest heating, ventilation, air-conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (91% of 2022 revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America and the Caribbean (4% of sales). The company's customer base consists of more than 120,000 dealers and contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.
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