Insurance Australia Group's quarterly market cap
increased
from Dec. 2022 ($7,860 Mil) to Jun. 2023 ($9,090 Mil) but then
declined
from Jun. 2023 ($9,090 Mil) to Dec. 2023 ($8,868 Mil).
Insurance Australia Group's annual market cap
declined
from Jun. 2021 ($9,367 Mil) to Jun. 2022 ($7,501 Mil) but then
increased
from Jun. 2022 ($7,501 Mil) to Jun. 2023 ($9,090 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. Insurance Australia Group's Enterprise Value for Today is $11,532 Mil.
Insurance Australia 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 Insurance Australia Group's Market Cap
For the Insurance - Property & Casualty subindustry, Insurance Australia 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.
Insurance Australia Group's Market Cap Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Insurance Australia Group's Market Cap distribution charts can be found below:
* The bar in red indicates where Insurance Australia Group's Market Cap falls into.
Insurance Australia 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.
Insurance Australia Group (OTCPK:IAUGY) 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.
Insurance Australia Group Market Cap Related Terms
Thank you for viewing the detailed overview of Insurance Australia Group's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Insurance Australia Group (Insurance Australia Group) Business Description
Insurance Australia Group is the biggest domestic general insurer by gross written premium operating in Australia and New Zealand. The key general insurance markets in which the company operates are home and contents, motor vehicle and compulsory third-party, and short-tail commercial. Insurance Australia Group sells insurance under several brands, including NRMA, CGU, SGIO, SGIC, WFI, and Swann in Australia, and NZI, State, AMI, and Lumley in New Zealand.
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