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). American Tower's share price for the quarter that ended in Dec. 2023 was $215.88. American Tower's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 466 Mil. Therefore, American Tower's market cap for the quarter that ended in Dec. 2023 was $100,664 Mil.
American Tower's quarterly market cap
declined
from Jun. 2023 ($90,402 Mil) to Sep. 2023 ($76,660 Mil) but then
increased
from Sep. 2023 ($76,660 Mil) to Dec. 2023 ($100,664 Mil).
American Tower's annual market cap
declined
from Dec. 2021 ($133,313 Mil) to Dec. 2022 ($98,646 Mil) but then
increased
from Dec. 2022 ($98,646 Mil) to Dec. 2023 ($100,664 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. American Tower's Enterprise Value for Today is $124,943 Mil.
American Tower Market Cap Historical Data
The historical data trend for American Tower'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.
American Tower Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Market Cap
101,784.98
99,734.31
133,313.31
98,646.04
100,663.98
American Tower Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Market Cap
98,646.04
95,230.00
90,401.83
76,660.01
100,663.98
Competitive Comparison
For the REIT - Specialty subindustry, American Tower'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.
American Tower Market Cap Distribution
For the REITs industry and Real Estate sector, American Tower's Market Cap distribution charts can be found below:
* The bar in red indicates where American Tower's Market Cap falls into.
American Tower 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.
American Tower'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.
American Tower (NYSE:AMT) 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.
American Tower Market Cap Related Terms
Thank you for viewing the detailed overview of American Tower's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
American Tower (American Tower) Business Description
American Tower owns and operates more than 220,000 cell towers throughout the U.S., Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 U.S. markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the U.S., which accounted for roughly half of the company's total revenue in 2022. Outside the U.S., American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as an REIT.
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