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). CIT Group's share price for the quarter that ended in Sep. 2021 was $51.95. CIT Group's Shares Outstanding (EOP) for the quarter that ended in Sep. 2021 was 99 Mil. Therefore, CIT Group's market cap for the quarter that ended in Sep. 2021 was $5,152 Mil.
CIT Group's quarterly market cap
increased
from Mar. 2021 ($5,103 Mil) to Jun. 2021 ($5,115 Mil) and
increased
from Jun. 2021 ($5,115 Mil) to Sep. 2021 ($5,152 Mil).
CIT Group's annual market cap
increased
from Dec. 2018 ($3,862 Mil) to Dec. 2019 ($4,323 Mil) but then
declined
from Dec. 2019 ($4,323 Mil) to Dec. 2020 ($3,540 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. CIT Group's Enterprise Value for Today is $5,862 Mil.
CIT Group Market Cap Historical Data
The historical data trend for CIT 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.
For the Banks - Regional subindustry, CIT 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.
CIT Group's Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, CIT Group's Market Cap distribution charts can be found below:
* The bar in red indicates where CIT Group's Market Cap falls into.
CIT 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.
CIT Group's Market Cap for the fiscal year that ended in Dec. 2020 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.
CIT Group (NYSE:CIT) 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.
CIT Group Market Cap Related Terms
Thank you for viewing the detailed overview of CIT Group's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
CIT Group Inc is a banking holding company and a financial holding company operating primarily in North America. It provides financing, leasing, and advisory services primarily to middle-market companies in a diverse group of industries. The company's banking subsidiary mostly operates in Southern California and offers both commercial and retail banking services. The company sources its commercial lending business through direct marketing to customers, vendors, and distributors, among other parties. The company generates revenue by earning interest on loans and investments, as well as commission, fees, and rental income on leased equipment and other financial services. The company also syndicates and sells finance receivables.
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