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). Itron's share price for the quarter that ended in Dec. 2023 was $75.51. Itron's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 46 Mil. Therefore, Itron's market cap for the quarter that ended in Dec. 2023 was $3,437 Mil.
Itron's quarterly market cap
declined
from Jun. 2023 ($3,277 Mil) to Sep. 2023 ($2,755 Mil) but then
increased
from Sep. 2023 ($2,755 Mil) to Dec. 2023 ($3,437 Mil).
Itron's annual market cap
declined
from Dec. 2021 ($3,094 Mil) to Dec. 2022 ($2,289 Mil) but then
increased
from Dec. 2022 ($2,289 Mil) to Dec. 2023 ($3,437 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. Itron's Enterprise Value for Today is $4,533 Mil.
Itron Market Cap Historical Data
The historical data trend for Itron'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 Scientific & Technical Instruments subindustry, Itron'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.
Itron's Market Cap Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Itron's Market Cap distribution charts can be found below:
* The bar in red indicates where Itron's Market Cap falls into.
Itron 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.
Itron'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.
Itron (NAS:ITRI) 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.
Itron Market Cap Related Terms
Thank you for viewing the detailed overview of Itron's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Itron Inc provides solutions that measure, manage and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems.The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision making, maximize operational profitability.
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