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). Ashtead Group's share price for the quarter that ended in Jan. 2024 was $267.45. Ashtead Group's Shares Outstanding (EOP) for the quarter that ended in Jan. 2024 was 109 Mil. Therefore, Ashtead Group's market cap for the quarter that ended in Jan. 2024 was $29,196 Mil.
Ashtead Group's quarterly market cap
declined
from Jul. 2023 ($32,397 Mil) to Oct. 2023 ($25,337 Mil) but then
increased
from Oct. 2023 ($25,337 Mil) to Jan. 2024 ($29,196 Mil).
Ashtead Group's annual market cap
declined
from Apr. 2021 ($29,255 Mil) to Apr. 2022 ($22,837 Mil) but then
increased
from Apr. 2022 ($22,837 Mil) to Apr. 2023 ($25,172 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. Ashtead Group's Enterprise Value for Today is $44,484 Mil.
Ashtead Group Market Cap Historical Data
The historical data trend for Ashtead Group'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.
Competitive Comparison of Ashtead Group's Market Cap
For the Rental & Leasing Services subindustry, Ashtead Group'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.
Ashtead Group's Market Cap Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Ashtead Group's Market Cap distribution charts can be found below:
* The bar in red indicates where Ashtead Group's Market Cap falls into.
Ashtead Group 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.
Ashtead Group's Market Cap for the fiscal year that ended in Apr. 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.
Ashtead Group (OTCPK:ASHTY) 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.
Ashtead Group Market Cap Related Terms
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Ashtead Group (Ashtead Group) Business Description
Ashtead is an equipment rental business with operations in the U.S., Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the U.S. where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.
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