0.15(0.32%) Volume: 630,301 6:30PM EST| Market Cap : 4.63 B | Enterprise Value : 9.79 B | P/E (TTM) : 8.96 | P/B : 0.77 |
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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). CIT Group's share price for the quarter that ended in Sep. 2019 was $45.31. CIT Group's Shares Outstanding (EOP) for the quarter that ended in Sep. 2019 was 95 Mil. Therefore, CIT Group's market cap for the quarter that ended in Sep. 2019 was $4,292 Mil.
CIT Group's quarterly market cap increased from Mar. 2019 ($4,696 Mil) to Jun. 2019 ($4,978 Mil) but then declined from Jun. 2019 ($4,978 Mil) to Sep. 2019 ($4,292 Mil).
CIT Group's annual market cap declined from Dec. 2016 ($8,625 Mil) to Dec. 2017 ($6,467 Mil) and declined from Dec. 2017 ($6,467 Mil) to Dec. 2018 ($3,862 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. CIT Group's Enterprise Value for Today is $9,792 Mil.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
| CIT Group Quarterly Data | ||||||||||||||||||||
| Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | |
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3,862.21 | 4,696.03 | 4,977.92 | 4,291.77 | 0.00 |
* The bar in red indicates where CIT Group'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.
CIT Group's Market Cap for the fiscal year that ended in Dec. 2018 is calculated as
| Market Cap (A: Dec. 2018 ) | = | Share Price (A: Dec. 2018 ) | * | Shares Outstanding (EOP) (A: Dec. 2018 ) |
| = | $38.27 | * | 100.92 | |
| = | $3,862 |
CIT Group's Market Cap for the quarter that ended in Sep. 2019 is calculated as
| Market Cap (Q: Sep. 2019 ) | = | Share Price (Q: Sep. 2019 ) | * | Shares Outstanding (EOP) (Q: Sep. 2019 ) |
| = | $45.31 | * | 94.7202 | |
| = | $4,292 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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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