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). Meritage Homes's share price for the quarter that ended in Mar. 2024 was $175.46. Meritage Homes's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 37 Mil. Therefore, Meritage Homes's market cap for the quarter that ended in Mar. 2024 was $6,453 Mil.
Meritage Homes's quarterly market cap
increased
from Sep. 2023 ($4,461 Mil) to Dec. 2023 ($6,345 Mil) and
increased
from Dec. 2023 ($6,345 Mil) to Mar. 2024 ($6,453 Mil).
Meritage Homes's annual market cap
declined
from Dec. 2021 ($4,558 Mil) to Dec. 2022 ($3,372 Mil) but then
increased
from Dec. 2022 ($3,372 Mil) to Dec. 2023 ($6,345 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. Meritage Homes's Enterprise Value for Today is $6,136 Mil.
Meritage Homes Market Cap Historical Data
The historical data trend for Meritage Homes'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.
Competitive Comparison of Meritage Homes's Market Cap
For the Residential Construction subindustry, Meritage Homes'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.
Meritage Homes's Market Cap Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Meritage Homes's Market Cap distribution charts can be found below:
* The bar in red indicates where Meritage Homes's Market Cap falls into.
Meritage Homes 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.
Meritage Homes'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.
Meritage Homes (NYSE:MTH) 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.
Meritage Homes Market Cap Related Terms
Thank you for viewing the detailed overview of Meritage Homes's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Meritage Homes (Meritage Homes) Business Description
Meritage Homes Corp is engaged as a designer and builder of single-family attached and detached homes. It has operations in three regions: West, Central, and East, which are comprised of ten states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Utah. The company operates with two principal business segments; homebuilding and financial services. The homebuilding segments are engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services and the financial services segment offer title and escrow, mortgage, and insurance services. The company generates key revenue from the homebuilding segment.
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