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). Hertz Global Holdings's share price for the quarter that ended in Dec. 2023 was $10.39. Hertz Global Holdings's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 305 Mil. Therefore, Hertz Global Holdings's market cap for the quarter that ended in Dec. 2023 was $3,171 Mil.
Hertz Global Holdings's quarterly market cap
declined
from Jun. 2023 ($5,732 Mil) to Sep. 2023 ($3,783 Mil) and
declined
from Sep. 2023 ($3,783 Mil) to Dec. 2023 ($3,171 Mil).
Hertz Global Holdings's annual market cap
declined
from Dec. 2021 ($11,240 Mil) to Dec. 2022 ($4,978 Mil) and
declined
from Dec. 2022 ($4,978 Mil) to Dec. 2023 ($3,171 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. Hertz Global Holdings's Enterprise Value for Today is $18,869 Mil.
Hertz Global Holdings Market Cap Historical Data
The historical data trend for Hertz Global Holdings'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 Rental & Leasing Services subindustry, Hertz Global Holdings'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.
Hertz Global Holdings Market Cap Distribution
For the Business Services industry and Industrials sector, Hertz Global Holdings's Market Cap distribution charts can be found below:
* The bar in red indicates where Hertz Global Holdings's Market Cap falls into.
Hertz Global Holdings 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.
Hertz Global Holdings'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.
Hertz Global Holdings (NAS:HTZ) 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.
Hertz Global Holdings Market Cap Related Terms
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Hertz Global Holdings (Hertz Global Holdings) Business Description
Hertz Global Holdings Inc operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and material handling equipment; and fleet-leasing and fleet-management services. The company operates a network of car rental locations and licenses its brands to associates and franchisees.
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