OceanFirst Financial's quarterly market cap
declined
from Jun. 2023 ($928.2 Mil) to Sep. 2023 ($859.8 Mil) but then
increased
from Sep. 2023 ($859.8 Mil) to Dec. 2023 ($1,032.0 Mil).
OceanFirst Financial's annual market cap
declined
from Dec. 2021 ($1,313.7 Mil) to Dec. 2022 ($1,256.8 Mil) and
declined
from Dec. 2022 ($1,256.8 Mil) to Dec. 2023 ($1,032.0 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. OceanFirst Financial's Enterprise Value for Today is $1,858.4 Mil.
OceanFirst Financial Market Cap Historical Data
The historical data trend for OceanFirst Financial'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 OceanFirst Financial's Market Cap
For the Banks - Regional subindustry, OceanFirst Financial'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.
OceanFirst Financial's Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, OceanFirst Financial's Market Cap distribution charts can be found below:
* The bar in red indicates where OceanFirst Financial's Market Cap falls into.
OceanFirst Financial 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.
OceanFirst Financial'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.
OceanFirst Financial (NAS:OCFC) 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.
OceanFirst Financial Market Cap Related Terms
Thank you for viewing the detailed overview of OceanFirst Financial's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
OceanFirst Financial (OceanFirst Financial) Business Description
OceanFirst Financial Corp is engaged in the banking sector of the United States. It conducts the business of attracting retail and business deposits and investing them in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate loans. The company's sole segment deals with the delivery of loan and deposit products to customers. The bank's revenues are derived principally from interest on its loans, and to a lesser extent, interest on its investment and mortgage-backed securities. The rest of its income is dependent on bank card services and wealth management services.
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