Elanco Animal Health's quarterly market cap
declined
from Mar. 2024 ($8,043 Mil) to Jun. 2024 ($7,131 Mil) but then
increased
from Jun. 2024 ($7,131 Mil) to Sep. 2024 ($7,262 Mil).
Elanco Animal Health's annual market cap
declined
from Dec. 2021 ($13,427 Mil) to Dec. 2022 ($5,795 Mil) but then
increased
from Dec. 2022 ($5,795 Mil) to Dec. 2023 ($7,343 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. Elanco Animal Health's Enterprise Value for Today is $10,066 Mil.
Elanco Animal Health Market Cap Historical Data
The historical data trend for Elanco Animal Health'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 Elanco Animal Health's Market Cap
For the Drug Manufacturers - Specialty & Generic subindustry, Elanco Animal Health'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.
Elanco Animal Health's Market Cap Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Elanco Animal Health's Market Cap distribution charts can be found below:
* The bar in red indicates where Elanco Animal Health's Market Cap falls into.
Elanco Animal Health 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.
Elanco Animal Health'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.
Elanco Animal Health (NYSE:ELAN) 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.
Elanco Animal Health Market Cap Related Terms
Thank you for viewing the detailed overview of Elanco Animal Health's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Elanco Animal Health is an animal health company that is engaged in developing, manufacturing, and marketing pharma products for companion and food animals. It spun off from Eli Lilly in 2018 and acquired Janssen Animal Health in 2011, Novartis Animal Health in 2014, Boehringer Ingelheim Vetmedica in 2017, and Bayer Animal Health in 2020. The company's operations are conducted globally, and it sells its products in over 90 countries. It offers a range of food animal products used in cattle, sheep, goats, and swine production.
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