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). Federated Hermes's share price for the quarter that ended in Dec. 2023 was $33.86. Federated Hermes's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 85 Mil. Therefore, Federated Hermes's market cap for the quarter that ended in Dec. 2023 was $2,873 Mil.
Federated Hermes's quarterly market cap
declined
from Jun. 2023 ($3,166 Mil) to Sep. 2023 ($2,922 Mil) and
declined
from Sep. 2023 ($2,922 Mil) to Dec. 2023 ($2,873 Mil).
Federated Hermes's annual market cap
declined
from Dec. 2021 ($3,511 Mil) to Dec. 2022 ($3,242 Mil) and
declined
from Dec. 2022 ($3,242 Mil) to Dec. 2023 ($2,873 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. Federated Hermes's Enterprise Value for Today is $2,772 Mil.
Federated Hermes Market Cap Historical Data
The historical data trend for Federated Hermes'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 Federated Hermes's Market Cap
For the Asset Management subindustry, Federated Hermes'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.
Federated Hermes's Market Cap Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Federated Hermes's Market Cap distribution charts can be found below:
* The bar in red indicates where Federated Hermes's Market Cap falls into.
Federated Hermes 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.
Federated Hermes'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.
Federated Hermes (NYSE:FHI) 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.
Federated Hermes Market Cap Related Terms
Thank you for viewing the detailed overview of Federated Hermes's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Federated Hermes (Federated Hermes) Business Description
Federated provides asset management services for institutional and individual investors. The company had $715.2 billion in managed assets at the end of September 2023, composed of equity (11%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (73%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 31%, 12%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (27%), and international clients (10%).
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