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). Eastern Bankshares's share price for the quarter that ended in Mar. 2024 was $13.78. Eastern Bankshares's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 176.6 Mil. Therefore, Eastern Bankshares's market cap for the quarter that ended in Mar. 2024 was $2,434.0 Mil.
Eastern Bankshares's quarterly market cap
increased
from Sep. 2023 ($2,211.8 Mil) to Dec. 2023 ($2,505.3 Mil) but then
declined
from Dec. 2023 ($2,505.3 Mil) to Mar. 2024 ($2,434.0 Mil).
Eastern Bankshares's annual market cap
declined
from Dec. 2021 ($3,757.8 Mil) to Dec. 2022 ($3,039.0 Mil) and
declined
from Dec. 2022 ($3,039.0 Mil) to Dec. 2023 ($2,505.3 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. Eastern Bankshares's Enterprise Value for Today is $1,818.3 Mil.
Eastern Bankshares Market Cap Historical Data
The historical data trend for Eastern Bankshares'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 Eastern Bankshares's Market Cap
For the Banks - Regional subindustry, Eastern Bankshares'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.
Eastern Bankshares's Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Eastern Bankshares's Market Cap distribution charts can be found below:
* The bar in red indicates where Eastern Bankshares's Market Cap falls into.
Eastern Bankshares 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.
Eastern Bankshares'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.
Eastern Bankshares (NAS:EBC) 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.
Eastern Bankshares Market Cap Related Terms
Thank you for viewing the detailed overview of Eastern Bankshares's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Eastern Bankshares (Eastern Bankshares) Business Description
Eastern Bankshares Inc is a commercial bank that caters its products and services to retail, commercial, and small business customers. Its diversified products and services include lending, deposit, wealth management, and insurance products. The company has two operating segments; Banking business offers a range of commercial, retail, wealth management, and banking services, and consists of attracting deposits from the general public and investing those deposits, together with borrowings and funds generated from operations and the Insurance agency business segment consist of insurance-related activities, acting as an independent agent in offering commercial, personal and employee benefits insurance products to individual and commercial clients.
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