China Resources Gas Group's quarterly market cap
declined
from Dec. 2022 (€7,868 Mil) to Jun. 2023 (€7,081 Mil) and
declined
from Jun. 2023 (€7,081 Mil) to Dec. 2023 (€6,664 Mil).
China Resources Gas Group's annual market cap
declined
from Dec. 2021 (€11,524 Mil) to Dec. 2022 (€7,868 Mil) and
declined
from Dec. 2022 (€7,868 Mil) to Dec. 2023 (€6,664 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. China Resources Gas Group's Enterprise Value for Today is €9,170 Mil.
China Resources Gas Group Market Cap Historical Data
* 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 China Resources Gas Group's Market Cap
For the Utilities - Regulated Gas subindustry, China Resources Gas Group'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.
China Resources Gas Group's Market Cap Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, China Resources Gas Group's Market Cap distribution charts can be found below:
* The bar in red indicates where China Resources Gas Group's Market Cap falls into.
China Resources Gas Group 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.
* 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.
China Resources Gas Group (FRA:LGX1) 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.
China Resources Gas Group Market Cap Related Terms
Thank you for viewing the detailed overview of China Resources Gas Group's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
China Resources Gas Group (FRA:LGX1) Business Description
China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2022, CRG's portfolio comprised 273 city gas projects in China. The firm achieved annual gas sales volume of 35.9 billion cubic meters and has connected 53.9 million residential customers, or a penetration rate of 58.2%.
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