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). Hormel Foods's share price for the quarter that ended in Jan. 2024 was $30.37. Hormel Foods's Shares Outstanding (EOP) for the quarter that ended in Jan. 2024 was 548 Mil. Therefore, Hormel Foods's market cap for the quarter that ended in Jan. 2024 was $16,630 Mil.
Hormel Foods's quarterly market cap
declined
from Jul. 2023 ($22,340 Mil) to Oct. 2023 ($17,792 Mil) and
declined
from Oct. 2023 ($17,792 Mil) to Jan. 2024 ($16,630 Mil).
Hormel Foods's annual market cap
increased
from Oct. 2021 ($22,955 Mil) to Oct. 2022 ($25,373 Mil) but then
declined
from Oct. 2022 ($25,373 Mil) to Oct. 2023 ($17,792 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. Hormel Foods's Enterprise Value for Today is $21,159 Mil.
Hormel Foods Market Cap Historical Data
The historical data trend for Hormel Foods'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.
* Premium members only.
Hormel Foods Annual Data
Trend
Oct14
Oct15
Oct16
Oct17
Oct18
Oct19
Oct20
Oct21
Oct22
Oct23
Market Cap
21,855.26
26,287.10
22,954.88
25,372.71
17,791.80
Hormel Foods Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Market Cap
24,760.37
22,090.55
22,339.57
17,791.80
16,630.49
Competitive Comparison
For the Packaged Foods subindustry, Hormel Foods'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.
Hormel Foods Market Cap Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Market Cap distribution charts can be found below:
* The bar in red indicates where Hormel Foods's Market Cap falls into.
Hormel Foods 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.
Hormel Foods's Market Cap for the fiscal year that ended in Oct. 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.
Hormel Foods (NYSE:HRL) 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.
Hormel Foods Market Cap Related Terms
Thank you for viewing the detailed overview of Hormel Foods's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including U.S. retail (64% of fiscal 2023 sales), U.S. food service (30%), and international (6%). By product, 53% of fiscal 2022 sales were from perishable food, 27% from shelf-stable, 17% from poultry, and 3% from other products. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.
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