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Cleveland-Cliffs Inc  (NYSE:CLF) Market Cap (M): $1,892 Mil (As of Today)

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). Cleveland-Cliffs Inc's share price for the quarter that ended in Sep. 2017 was $7.18. Cleveland-Cliffs Inc's Shares Outstanding (EOP) for the quarter that ended in Sep. 2017 was 297 Mil. Therefore, Cleveland-Cliffs Inc's market cap for the quarter that ended in Sep. 2017 was $2,129 Mil.

Cleveland-Cliffs Inc's quarterly market cap declined from Mar. 2017 ($2,433 Mil) to Jun. 2017 ($2,052 Mil) but then increased from Jun. 2017 ($2,052 Mil) to Sep. 2017 ($2,129 Mil).

Cleveland-Cliffs Inc's annual market cap declined from Dec. 2014 ($1,094 Mil) to Dec. 2015 ($243 Mil) but then increased from Dec. 2015 ($243 Mil) to Dec. 2016 ($1,960 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. Cleveland-Cliffs Inc's Enterprise Value for Today is $3,321 Mil.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Cleveland-Cliffs Inc Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Market Cap (M) Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,496.23 4,013.54 1,094.21 242.67 1,960.12

Cleveland-Cliffs Inc Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Market Cap (M) Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,348.95 1,960.12 2,433.44 2,051.78 2,128.87

Competitive Comparison
* 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.


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.

Cleveland-Cliffs Inc's Market Cap for the fiscal year that ended in Dec. 2016 is calculated as

Market Cap (A: Dec. 2016 )=Share Price (A: Dec. 2016 )*Shares Outstanding (EOP) (A: Dec. 2016 )
=8.41*233.07
=1,960

Cleveland-Cliffs Inc's Market Cap for the quarter that ended in Sep. 2017 is calculated as

Market Cap (Q: Sep. 2017 )=Share Price (Q: Sep. 2017 )*Shares Outstanding (EOP) (Q: Sep. 2017 )
=7.18*296.50
=2,129

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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 company’s 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.


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