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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). NOVATEK PJSC's share price for the quarter that ended in Jun. 2026 was ₽973.1. NOVATEK PJSC's Shares Outstanding (EOP) for the quarter that ended in Jun. 2026 was 2,996 Mil. Therefore, NOVATEK PJSC's market cap for the quarter that ended in Jun. 2026 was ₽2,915,024 Mil.
NOVATEK PJSC's quarterly market cap
increased
from Jun. 2025 (₽3,287,977 Mil) to Dec. 2025 (₽3,558,780 Mil) but then
declined
from Dec. 2025 (₽3,558,780 Mil) to Jun. 2026 (₽2,915,024 Mil).
NOVATEK PJSC's annual market cap
declined
from Dec. 2023 (₽4,383,171 Mil) to Dec. 2024 (₽2,983,624 Mil) but then
increased
from Dec. 2024 (₽2,983,624 Mil) to Dec. 2025 (₽3,558,780 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. NOVATEK PJSC's Enterprise Value for Today is ₽3,108,655 Mil.
NOVATEK PJSC (MIC:NVTK) 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.
NOVATEK PJSC Market Cap Related Terms
NOVATEK PJSC Market Cap Historical Data
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The historical data trend for NOVATEK PJSC'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 Oil & Gas E&P subindustry, NOVATEK PJSC'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.
NOVATEK PJSC Market Cap vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NOVATEK PJSC's Market Cap distribution charts can be found below:
* The bar in red indicates where NOVATEK PJSC's Market Cap falls into.
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.
NOVATEK PJSC's Market Cap for the fiscal year that ended in Dec. 2025 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.
NOVATEK PJSC (MIC:NVTK) has a Market Cap of ₽2,965,654 Mil as of Jul. 29, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on NOVATEK PJSC and its competitors. According to the industry distribution chart, NOVATEK PJSC ranks #42 out of 1045 companies in the Oil & Gas industry, placing it in the top 4%.
Is NOVATEK PJSC's Market Cap too high?
NOVATEK PJSC's current Market Cap is ₽2,965,654 Mil. Based on the distribution chart, NOVATEK PJSC ranks #42 out of 1045 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, NOVATEK PJSC has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NOVATEK PJSC's Market Cap compare to COP and EOG?
According to the Oil & Gas industry distribution chart, NOVATEK PJSC ranks #42 out of 1045 companies for Market Cap. This places NOVATEK PJSC in the top 4% of its industry — outperforming the majority of peers. The industry median Market Cap is 211.48. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Oil & Gas company?
The median Market Cap among Oil & Gas companies is 211.48, based on 1,045 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on NOVATEK PJSC and its competitors. For the Oil & Gas industry, the median Market Cap is 211.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NOVATEK PJSC's current Market Cap is ₽2,965,654 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NOVATEK PJSC stock overvalued right now?
Based on GuruFocus' analysis, NOVATEK PJSC (MIC:NVTK) is currently considered Modestly Undervalued. The stock's GF Value™ is ₽1,123.48, compared to a current price of ₽990.00 — trading 11.9% below its estimated fair value. The current Market Cap is ₽2,965,654 Mil. NOVATEK PJSC's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For NOVATEK PJSC (MIC:NVTK), the current Market Cap is ₽2,965,654 Mil as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NOVATEK PJSC (MIC:NVTK) Overvalued in 2026?
Based on GuruFocus' analysis, NOVATEK PJSC stock appears to be undervalued.
The current stock price of ₽990.00 is trading 11.9% below its estimated GF Value™ of ₽1,123.48.
GuruFocus considers NOVATEK PJSC to be Modestly Undervalued.
Key valuation signals for MIC:NVTK:
Market Cap: ₽2,965,654 Mil
GF Value™: ₽1,123.48 vs. price of ₽990.00 (11.9% below fair value)
No single metric tells the full story. See the MIC:NVTK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NOVATEK PJSC, or simply Novatek, is a Russian-based exploration and production company that acquires, explores for, produces, processes, and markets oil and gas. While the company is mostly focused on natural gas production, it also has exposure to oil. Its exploration and production take place in a variety of fields in central Russia. The natural gas is then processed and sold. Novatek also sells liquid hydrocarbons such as petroleum products, light hydrocarbons, LPG, and crude oil. The majority of its natural gas is sold in Russia, while the liquid hydrocarbons are sold in Russia and internationally, including China, Europe, and the United States.
70GF Score
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