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). Friedman Industries's share price for the quarter that ended in Dec. 2023 was $15.46. Friedman Industries's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 7.0 Mil. Therefore, Friedman Industries's market cap for the quarter that ended in Dec. 2023 was $107.8 Mil.
Friedman Industries's quarterly market cap
increased
from Jun. 2023 ($92.9 Mil) to Sep. 2023 ($98.8 Mil) and
increased
from Sep. 2023 ($98.8 Mil) to Dec. 2023 ($107.8 Mil).
Friedman Industries's annual market cap
increased
from Mar. 2021 ($55.8 Mil) to Mar. 2022 ($60.4 Mil) and
increased
from Mar. 2022 ($60.4 Mil) to Mar. 2023 ($83.6 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. Friedman Industries's Enterprise Value for Today is $178.9 Mil.
Friedman Industries Market Cap Historical Data
The historical data trend for Friedman Industries'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.
Competitive Comparison of Friedman Industries's Market Cap
For the Steel subindustry, Friedman Industries'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.
Friedman Industries's Market Cap Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Friedman Industries's Market Cap distribution charts can be found below:
* The bar in red indicates where Friedman Industries's Market Cap falls into.
Friedman Industries 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.
Friedman Industries's Market Cap for the fiscal year that ended in Mar. 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.
Friedman Industries (AMEX:FRD) 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.
Friedman Industries Market Cap Related Terms
Thank you for viewing the detailed overview of Friedman Industries's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Friedman Industries (Friedman Industries) Business Description
Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segments include Coil Products and Tubular Products. It generates maximum revenue from the Coil Products segment. The company's products and services include Temper Pass, Cut-To-Length, Whole Coils, Toll Processing, Electric Resistance Welded Pipe (ERW), New Mill Secondary, and Pipe Finishing Services.
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