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). CIT Group's share price for the quarter that ended in Dec. 2020 was $35.9. CIT Group's Shares Outstanding (EOP) for the quarter that ended in Dec. 2020 was 99 Mil. Therefore, CIT Group's market cap for the quarter that ended in Dec. 2020 was $3,539 Mil.
CIT Group's quarterly market cap
declined
from Jun. 2020 ($2,041 Mil) to Sep. 2020 ($1,745 Mil) but then
increased
from Sep. 2020 ($1,745 Mil) to Dec. 2020 ($3,539 Mil).
CIT Group's annual market cap
increased
from Dec. 2018 ($3,862 Mil) to Dec. 2019 ($4,323 Mil) but then
declined
from Dec. 2019 ($4,323 Mil) to Dec. 2020 ($3,533 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. CIT Group's Enterprise Value for Today is $7,223 Mil.
CIT Group Market Cap Historical Data
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
* Premium members only.
CIT Group Annual Data
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Market Cap
8,625.12
6,466.51
3,862.21
4,323.10
3,532.74
CIT Group Quarterly Data
Mar16
Jun16
Sep16
Dec16
Mar17
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Market Cap
4,323.10
1,697.80
2,040.82
1,744.90
3,538.66
Competitive Comparison
* 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.
CIT Group Market Cap Distribution
* The bar in red indicates where CIT Group's Market Cap falls into.
CIT 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.
CIT Group's Market Cap for the fiscal year that ended in Dec. 2020 is calculated as
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
CIT Group (NYSE:CIT) 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.
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