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). Riot Platforms's share price for the quarter that ended in Mar. 2026 was €10.664. Riot Platforms's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 379.0 Mil. Therefore, Riot Platforms's market cap for the quarter that ended in Mar. 2026 was €4,041.4 Mil.
Riot Platforms's quarterly market cap
declined
from Sep. 2025 (€5,937.9 Mil) to Dec. 2025 (€4,180.2 Mil) and
declined
from Dec. 2025 (€4,180.2 Mil) to Mar. 2026 (€4,041.4 Mil).
Riot Platforms's annual market cap
declined
from Dec. 2023 (€3,774.2 Mil) to Dec. 2024 (€3,600.0 Mil) but then
increased
from Dec. 2024 (€3,600.0 Mil) to Dec. 2025 (€4,180.2 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. Riot Platforms's Enterprise Value for Today is €10,100.4 Mil.
Riot Platforms (FRA:AP4N) 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.
Riot Platforms Market Cap Related Terms
Riot Platforms Market Cap Historical Data
* Premium members only.
The historical data trend for Riot Platforms'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 Capital Markets subindustry, Riot Platforms'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.
Riot Platforms Market Cap vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Riot Platforms's Market Cap distribution charts can be found below:
* The bar in red indicates where Riot Platforms'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.
Riot Platforms'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.
Riot Platforms (FRA:AP4N) has a Market Cap of €9,509.4 Mil as of Jun. 29, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Riot Platforms and its competitors. According to the industry distribution chart, Riot Platforms ranks #53 out of 831 companies in the Capital Markets industry, placing it in the top 6.4%.
Is Riot Platforms' Market Cap too high?
Riot Platforms' current Market Cap is €9,509.4 Mil. Based on the distribution chart, Riot Platforms ranks #53 out of 831 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Riot Platforms has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Riot Platforms' Market Cap compare to SNEX and SF?
According to the Capital Markets industry distribution chart, Riot Platforms ranks #53 out of 831 companies for Market Cap. This places Riot Platforms in the top 6% of its industry — outperforming the majority of peers. The industry median Market Cap is 54.08. 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 Capital Markets company?
The median Market Cap among Capital Markets companies is 54.08, based on 831 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 Riot Platforms and its competitors. For the Capital Markets industry, the median Market Cap is 54.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Riot Platforms's current Market Cap is €9,509.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Riot Platforms stock overvalued right now?
Based on GuruFocus' analysis, Riot Platforms (FRA:AP4N) is currently considered Significantly Overvalued. The stock's GF Value™ is €11.82, compared to a current price of €24.96 — trading 111.2% above its estimated fair value. The current Market Cap is €9,509.4 Mil. Riot Platforms' overall GF Score™ is 64/100 with 8 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 Riot Platforms (FRA:AP4N), the current Market Cap is €9,509.4 Mil as of Jun. 29, 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 Riot Platforms (FRA:AP4N) Overvalued in 2026?
Based on GuruFocus' analysis, Riot Platforms stock appears to be overvalued.
The current stock price of €24.96 is trading 111.2% above its estimated GF Value™ of €11.82.
GuruFocus considers Riot Platforms to be Significantly Overvalued.
Key valuation signals for FRA:AP4N:
Market Cap: €9,509.4 Mil
GF Value™: €11.82 vs. price of €24.96 (111.2% above fair value)
No single metric tells the full story. See the FRA:AP4N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Riot Platforms Inc is a vertically integrated digital infrastructure company principally engaged in developing and optimizing its large-scale power assets. The Company's business centers on enhancing its electrical infrastructure and deploying it across two complementary platforms: (i) Bitcoin Mining and (ii) scalable data center solutions designed to support non-mining workloads. The company's segments include Bitcoin Mining and Engineering. The Bitcoin Mining segment generates revenue from the Bitcoin the Company earns through its Bitcoin Mining activities. The Engineering segment generates revenue through customer contracts for custom engineered electrical products. It generates the majority of its revenue from the Bitcoin Mining segment.
64GF Score
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