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). Brown & Brown's share price for the quarter that ended in Sep. 2024 was $103.6. Brown & Brown's Shares Outstanding (EOP) for the quarter that ended in Sep. 2024 was 286 Mil. Therefore, Brown & Brown's market cap for the quarter that ended in Sep. 2024 was $29,630 Mil.
Brown & Brown's quarterly market cap
increased
from Mar. 2024 ($24,979 Mil) to Jun. 2024 ($25,482 Mil) and
increased
from Jun. 2024 ($25,482 Mil) to Sep. 2024 ($29,630 Mil).
Brown & Brown's annual market cap
declined
from Dec. 2021 ($19,854 Mil) to Dec. 2022 ($16,134 Mil) but then
increased
from Dec. 2022 ($16,134 Mil) to Dec. 2023 ($20,238 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. Brown & Brown's Enterprise Value for Today is $32,599 Mil.
Brown & Brown Market Cap Historical Data
The historical data trend for Brown & Brown'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 Brown & Brown's Market Cap
For the Insurance Brokers subindustry, Brown & Brown'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.
Brown & Brown's Market Cap Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Brown & Brown's Market Cap distribution charts can be found below:
* The bar in red indicates where Brown & Brown's Market Cap falls into.
Brown & Brown 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.
Brown & Brown'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.
Brown & Brown (NYSE:BRO) 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.
Brown & Brown Market Cap Related Terms
Thank you for viewing the detailed overview of Brown & Brown's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Brown & Brown Inc is an insurance agent and broker that offers insurance products and services, primarily in the areas of property, casualty, and employee benefits, by connecting customers with insurance companies. It earns its revenue via commissions from insurance companies and direct fees from customers, and it generally has no underwriting risk exposure. More than half of its revenue is from its retail segment, which provides a broad range of insurance products and services to entities and individuals. Roughly a fourth of revenue is from its national programs segment, which provides, among other things, professional liability coverage for professionals. The company operates primarily in the United States, with its highest exposure in Florida.
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