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). AltaGas's share price for the quarter that ended in Dec. 2023 was €18.3. AltaGas's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 295 Mil. Therefore, AltaGas's market cap for the quarter that ended in Dec. 2023 was €5,397 Mil.
AltaGas's quarterly market cap
increased
from Jun. 2023 (€4,513 Mil) to Sep. 2023 (€5,183 Mil) and
increased
from Sep. 2023 (€5,183 Mil) to Dec. 2023 (€5,397 Mil).
AltaGas's annual market cap
declined
from Dec. 2021 (€5,154 Mil) to Dec. 2022 (€4,533 Mil) but then
increased
from Dec. 2022 (€4,533 Mil) to Dec. 2023 (€5,397 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. AltaGas's Enterprise Value for Today is €13,028 Mil.
AltaGas Market Cap Historical Data
The historical data trend for AltaGas'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 Midstream subindustry, AltaGas'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.
AltaGas's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, AltaGas's Market Cap distribution charts can be found below:
* The bar in red indicates where AltaGas's Market Cap falls into.
AltaGas 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.
AltaGas'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.
AltaGas (FRA:AQ3) 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.
AltaGas Market Cap Related Terms
Thank you for viewing the detailed overview of AltaGas's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities and Corporate/other. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users. Revenue is derived from customers in both Canada and the United States, with Canadian customers contributing the most.
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