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). Formation Minerals's share price for the quarter that ended in Jan. 2025 was $0.058. Formation Minerals's Shares Outstanding (EOP) for the quarter that ended in Jan. 2025 was 99.11 Mil. Therefore, Formation Minerals's market cap for the quarter that ended in Jan. 2025 was $5.75 Mil.
Formation Minerals's quarterly market cap
declined
from Jul. 2024 ($5.39 Mil) to Oct. 2024 ($4.09 Mil) but then
increased
from Oct. 2024 ($4.09 Mil) to Jan. 2025 ($5.75 Mil).
Formation Minerals's annual market cap
increased
from Apr. 2022 ($0.00 Mil) to Apr. 2023 ($42.26 Mil) but then
stayed the same
from Apr. 2023 ($42.26 Mil) to Apr. 2024 ($42.26 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. Formation Minerals's Enterprise Value for Today is $0.31 Mil.
Formation Minerals (OTCPK:FOMI) 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.
Formation Minerals Market Cap Related Terms
Formation Minerals Market Cap Historical Data
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The historical data trend for Formation Minerals'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 Oil & Gas E&P subindustry, Formation Minerals'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.
Formation Minerals Market Cap vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Formation Minerals's Market Cap distribution charts can be found below:
* The bar in red indicates where Formation Minerals's Market Cap falls into.
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.
Formation Minerals's Market Cap for the fiscal year that ended in Apr. 2024 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.
Formation Minerals (FOMI) has a Market Cap of $0.01 Mil as of Jul. 02, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Formation Minerals and its competitors.
Is Formation Minerals' Market Cap too high?
Formation Minerals' current Market Cap is $0.01 Mil. The Oil & Gas industry median Market Cap is 208.47. Formation Minerals' value of $0.01 Mil is 100% below this industry median.
How does Formation Minerals' Market Cap compare to AVACF and COP?
Formation Minerals' Market Cap of $0.01 Mil can be compared against companies in the Oil & Gas industry. The industry median Market Cap is 208.47. Formation Minerals' value of $0.01 Mil is 100% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Oil & Gas company?
The median Market Cap among Oil & Gas companies is 208.47, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Formation Minerals's current Market Cap of $0.01 Mil is 100% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Formation Minerals and its competitors. For the Oil & Gas industry, the median Market Cap is 208.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formation Minerals's current Market Cap is $0.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formation Minerals stock overvalued right now?
Formation Minerals (FOMI) has a current Market Cap of $0.01 Mil. The current Market Cap is $0.01 Mil and 100% below the Oil & Gas industry median of 208.47. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Formation Minerals (FOMI), the current Market Cap is $0.01 Mil as of Jul. 02, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Formation Minerals Inc is engaged in the acquisition and management of high-growth oil and gas minerals and royalties in the U.S. basins. The company is focused on providing returns through asset growth generated by acquisitions and organic growth of properties. Its portfolio includes the DJ Basin of Colorado and Wyoming, the Haynesville Shale of Louisiana, the Delaware and Permian Basin of Texas, the Marcellus and Utica shales in West Virginia, and the Anadarko Basin in Oklahoma.
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