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). Keel Infrastructure's share price for the quarter that ended in Mar. 2026 was €1.5925. Keel Infrastructure's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 602.9 Mil. Therefore, Keel Infrastructure's market cap for the quarter that ended in Mar. 2026 was €960.0 Mil.
Keel Infrastructure's quarterly market cap
declined
from Sep. 2025 (€1,323.6 Mil) to Dec. 2025 (€1,243.5 Mil) and
declined
from Dec. 2025 (€1,243.5 Mil) to Mar. 2026 (€960.0 Mil).
Keel Infrastructure's annual market cap
declined
from Dec. 2023 (€969.0 Mil) to Dec. 2024 (€731.5 Mil) but then
increased
from Dec. 2024 (€731.5 Mil) to Dec. 2025 (€1,243.5 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. Keel Infrastructure's Enterprise Value for Today is €3,302.8 Mil.
Keel Infrastructure (FRA:9MK) 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.
Keel Infrastructure Market Cap Related Terms
Keel Infrastructure Market Cap Historical Data
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The historical data trend for Keel Infrastructure'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 Information Technology Services subindustry, Keel Infrastructure'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.
Keel Infrastructure Market Cap vs Software Industry
For the Software industry and Technology sector, Keel Infrastructure's Market Cap distribution charts can be found below:
* The bar in red indicates where Keel Infrastructure'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.
Keel Infrastructure's Market Cap for the fiscal year that ended in Dec. 2025 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.
Keel Infrastructure (FRA:9MK) has a Market Cap of €3,096.9 Mil as of Jun. 26, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Keel Infrastructure and its competitors. According to the industry distribution chart, Keel Infrastructure ranks #216 out of 2928 companies in the Software industry, placing it in the top 7.4%.
Is Keel Infrastructure's Market Cap too high?
Keel Infrastructure's current Market Cap is €3,096.9 Mil. Based on the distribution chart, Keel Infrastructure ranks #216 out of 2928 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Keel Infrastructure has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keel Infrastructure's Market Cap compare to IBM and ACN?
According to the Software industry distribution chart, Keel Infrastructure ranks #216 out of 2928 companies for Market Cap. This places Keel Infrastructure in the top 7% of its industry — outperforming the majority of peers. The industry median Market Cap is 65.79. 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 a Software company?
The median Market Cap among Software companies is 65.79, based on 2,928 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. 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 Keel Infrastructure and its competitors. For the Software industry, the median Market Cap is 65.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keel Infrastructure's current Market Cap is €3,096.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keel Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Keel Infrastructure (FRA:9MK) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.49, compared to a current price of €4.96 — trading 232.8% above its estimated fair value. The current Market Cap is €3,096.9 Mil. Keel Infrastructure's overall GF Score™ is 57/100 with 3 warning signs to review. 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 Keel Infrastructure (FRA:9MK), the current Market Cap is €3,096.9 Mil as of Jun. 26, 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.
Is Keel Infrastructure (FRA:9MK) Overvalued in 2026?
Based on GuruFocus' analysis, Keel Infrastructure stock appears to be overvalued.
The current stock price of €4.96 is trading 232.8% above its estimated GF Value™ of €1.49.
GuruFocus considers Keel Infrastructure to be Significantly Overvalued.
Key valuation signals for FRA:9MK:
Market Cap: €3,096.9 Mil
GF Value™: €1.49 vs. price of €4.96 (232.8% above fair value)
No single metric tells the full story. See the FRA:9MK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keel Infrastructure Corp is a North American digital infrastructure and energy company that develops and owns data centers and energy infrastructure for high-performance computing workloads, including AI. The group has a pipeline of 2.2 gigawatts and established grid interconnections already in place. It delivers scalable infrastructure solutions in high-demand power markets across Pennsylvania and Washington in the United States, and Quebec in Canada. It has data campuses in Moses Lake, Panther Creek, Sharon, Sherbrooke, and Scrubgrass.
57GF Score
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