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GuruFocus has detected 2 Warning Signs with Hovnanian Enterprises Inc $HOV.
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Hovnanian Enterprises Inc (NYSE:HOV)
Market Cap (M)
$366 Mil (As of Today)

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 (end-of-period, EOP). Hovnanian Enterprises Inc's share price for the quarter that ended in Jan. 2017 was $2.37. Hovnanian Enterprises Inc's shares outstanding (EOP) for the quarter that ended in Jan. 2017 was 147 Mil. Therefore, Hovnanian Enterprises Inc's market cap for the quarter that ended in Jan. 2017 was $349 Mil.

Hovnanian Enterprises Inc's quarterly market cap declined from Jul. 2016 ($271 Mil) to Oct. 2016 ($230 Mil) but then increased from Oct. 2016 ($230 Mil) to Jan. 2017 ($349 Mil).

Hovnanian Enterprises Inc's annual market cap declined from Oct. 2014 ($549 Mil) to Oct. 2015 ($302 Mil) and declined from Oct. 2015 ($302 Mil) to Oct. 2016 ($230 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. Hovnanian Enterprises Inc's enterprise value for Today is $2,013 Mil.


Definition

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.

Hovnanian Enterprises Inc's Market Cap for the fiscal year that ended in Oct. 2016 is calculated as

Market Cap (A: Oct. 2016 )=Share Price (A: Oct. 2016 )*Shares Outstanding (EOP) (A: Oct. 2016 )
=1.56*147.30
=230

Hovnanian Enterprises Inc's Market Cap for the quarter that ended in Jan. 2017 is calculated as

Market Cap (Q: Jan. 2017 )=Share Price (Q: Jan. 2017 )*Shares Outstanding (EOP) (Q: Jan. 2017 )
=2.37*147.36
=349

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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 company’s 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.


Related Terms

Shares Outstanding (EOP)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Hovnanian Enterprises Inc Annual Data

Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15Oct16
mktcap 707329302277137572704549302230

Hovnanian Enterprises Inc Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
mktcap 549504457296302227246271230349
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