Legal & General Group's quarterly market cap
declined
from Dec. 2022 (£14,903 Mil) to Jun. 2023 (£13,588 Mil) but then
increased
from Jun. 2023 (£13,588 Mil) to Dec. 2023 (£15,015 Mil).
Legal & General Group's annual market cap
declined
from Dec. 2021 (£17,762 Mil) to Dec. 2022 (£14,903 Mil) but then
increased
from Dec. 2022 (£14,903 Mil) to Dec. 2023 (£15,015 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. Legal & General Group's Enterprise Value for Today is £-377 Mil.
* 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 Legal & General Group's Market Cap
For the Asset Management subindustry, Legal & General 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.
Legal & General Group's Market Cap Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Legal & General Group's Market Cap distribution charts can be found below:
* The bar in red indicates where Legal & General Group's Market Cap falls into.
Legal & General 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.
Legal & General Group'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.
Legal & General Group (LSE:LGEN) 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.
Legal & General Group Market Cap Related Terms
Thank you for viewing the detailed overview of Legal & General Group's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Legal & General Group (LSE:LGEN) Business Description
Legal & General Group PLC operates across four broad business areas of retirement, investment management, capital investment, and insurance. The retirement business provides provide guaranteed retirement income for corporate pension scheme members. Investment Management business provides investment management services for both individuals and corporations, including managing pension funds. Capital investment use customers' pension assets, as well as the group's shareholder capital, to make long-term investments in assets such as clean energy, housing, and SME finance. The Insurance business provides various types of insurance, including life and disability insurance. The company has a global presence but most of its assets under management are derived from the United Kingdom and Europe.
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