ClearBridge MLP & Midstream Fund's quarterly market cap
declined
from Nov. 2022 ($481.29 Mil) to May. 2023 ($416.51 Mil) but then
increased
from May. 2023 ($416.51 Mil) to Nov. 2023 ($509.70 Mil).
ClearBridge MLP & Midstream Fund's annual market cap
increased
from Nov. 2021 ($368.22 Mil) to Nov. 2022 ($481.29 Mil) and
increased
from Nov. 2022 ($481.29 Mil) to Nov. 2023 ($509.70 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. ClearBridge MLP & Midstream Fund's Enterprise Value for Today is $806.20 Mil.
ClearBridge MLP & Midstream Fund Market Cap Historical Data
* 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 ClearBridge MLP & Midstream Fund's Market Cap
For the Asset Management subindustry, ClearBridge MLP & Midstream Fund'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.
ClearBridge MLP & Midstream Fund's Market Cap Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, ClearBridge MLP & Midstream Fund's Market Cap distribution charts can be found below:
* The bar in red indicates where ClearBridge MLP & Midstream Fund's Market Cap falls into.
ClearBridge MLP & Midstream Fund 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.
* 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.
ClearBridge MLP & Midstream Fund (NYSE:CEM) 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.
ClearBridge MLP & Midstream Fund Market Cap Related Terms
Thank you for viewing the detailed overview of ClearBridge MLP & Midstream Fund's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
ClearBridge MLP & Midstream Fund (ClearBridge MLP & Midstream Fund) Business Description
ClearBridge MLP & Midstream Fund Inc. is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in energy master limited partnerships (MLPs) and energy midstream entities.
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