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Pure Storage (LTS:0KSA) Market Cap : $19,757 Mil (As of Dec. 11, 2024)


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What is Pure Storage Market Cap?

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). Pure Storage's share price for the quarter that ended in Oct. 2024 was $50.42. Pure Storage's Shares Outstanding (EOP) for the quarter that ended in Oct. 2024 was 328 Mil. Therefore, Pure Storage's market cap for the quarter that ended in Oct. 2024 was $16,522 Mil.

Pure Storage's quarterly market cap increased from Apr. 2024 ($16,620 Mil) to Jul. 2024 ($19,415 Mil) but then declined from Jul. 2024 ($19,415 Mil) to Oct. 2024 ($16,522 Mil).

Pure Storage's annual market cap increased from Jan. 2022 ($7,648 Mil) to Jan. 2023 ($8,575 Mil) and increased from Jan. 2023 ($8,575 Mil) to Jan. 2024 ($12,862 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. Pure Storage's Enterprise Value for Today is $18,402 Mil.


Pure Storage Market Cap Historical Data

The historical data trend for Pure Storage'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.

Pure Storage Market Cap Chart

Pure Storage Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Market Cap
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,007.41 6,441.32 7,647.96 8,574.94 12,862.30

Pure Storage Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Market Cap Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10,712.56 12,862.30 16,620.00 19,415.40 16,522.23

Competitive Comparison of Pure Storage's Market Cap

For the Computer Hardware subindustry, Pure Storage'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.


Pure Storage's Market Cap Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Pure Storage's Market Cap distribution charts can be found below:

* The bar in red indicates where Pure Storage's Market Cap falls into.



Pure Storage 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.

Pure Storage's Market Cap for the fiscal year that ended in Jan. 2024 is calculated as

Market Cap (A: Jan. 2024 )=Share Price (A: Jan. 2024 )*Shares Outstanding (EOP) (A: Jan. 2024 )
=$40.2547*319.523
=$12,862

Pure Storage's Market Cap for the quarter that ended in Oct. 2024 is calculated as

Market Cap (Q: Oct. 2024 )=Share Price (Q: Oct. 2024 )*Shares Outstanding (EOP) (Q: Oct. 2024 )
=$50.42*327.692
=$16,522

* 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.


Pure Storage  (LTS:0KSA) 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 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.


Pure Storage Market Cap Related Terms

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Pure Storage Business Description

Traded in Other Exchanges
Address
2555 Augustine Drive, Santa Clara, CA, USA, 95054
Pure Storage Inc is a U.S.-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue which includes the sale of integrated storage hardware and embedded operating system software and; subscription services revenue which includes Evergreen Storage subscriptions, a unified subscription which includes Pure as-a-Service, and Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.

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