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). Gates Industrial's share price for the quarter that ended in Dec. 2023 was $13.42. Gates Industrial's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 264 Mil. Therefore, Gates Industrial's market cap for the quarter that ended in Dec. 2023 was $3,546 Mil.
Gates Industrial's quarterly market cap
declined
from Jun. 2023 ($3,554 Mil) to Sep. 2023 ($3,066 Mil) but then
increased
from Sep. 2023 ($3,066 Mil) to Dec. 2023 ($3,546 Mil).
Gates Industrial's annual market cap
declined
from Dec. 2021 ($4,634 Mil) to Dec. 2022 ($3,224 Mil) but then
increased
from Dec. 2022 ($3,224 Mil) to Dec. 2023 ($3,546 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. Gates Industrial's Enterprise Value for Today is $6,464 Mil.
Gates Industrial Market Cap Historical Data
The historical data trend for Gates Industrial'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 Gates Industrial's Market Cap
For the Specialty Industrial Machinery subindustry, Gates Industrial'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.
Gates Industrial's Market Cap Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Gates Industrial's Market Cap distribution charts can be found below:
* The bar in red indicates where Gates Industrial's Market Cap falls into.
Gates Industrial 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.
Gates Industrial'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.
Gates Industrial (NYSE:GTES) 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.
Gates Industrial Market Cap Related Terms
Thank you for viewing the detailed overview of Gates Industrial's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Gates Industrial (Gates Industrial) Business Description
Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. They are used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.
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