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). OmniTek Engineering's share price for the quarter that ended in Dec. 2023 was $0.019. OmniTek Engineering's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 21.95 Mil. Therefore, OmniTek Engineering's market cap for the quarter that ended in Dec. 2023 was $0.42 Mil.
OmniTek Engineering's quarterly market cap
declined
from Jun. 2023 ($0.64 Mil) to Sep. 2023 ($0.53 Mil) and
declined
from Sep. 2023 ($0.53 Mil) to Dec. 2023 ($0.42 Mil).
OmniTek Engineering's annual market cap
declined
from Dec. 2021 ($1.65 Mil) to Dec. 2022 ($1.10 Mil) and
declined
from Dec. 2022 ($1.10 Mil) to Dec. 2023 ($0.42 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. OmniTek Engineering's Enterprise Value for Today is $0.91 Mil.
OmniTek Engineering Market Cap Historical Data
The historical data trend for OmniTek Engineering'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 OmniTek Engineering's Market Cap
For the Auto Parts subindustry, OmniTek Engineering'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.
OmniTek Engineering's Market Cap Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, OmniTek Engineering's Market Cap distribution charts can be found below:
* The bar in red indicates where OmniTek Engineering's Market Cap falls into.
OmniTek Engineering 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.
OmniTek Engineering'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.
OmniTek Engineering (OTCPK:OMTK) 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.
OmniTek Engineering Market Cap Related Terms
Thank you for viewing the detailed overview of OmniTek Engineering's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
OmniTek Engineering (OmniTek Engineering) Business Description
OmniTek Engineering Corp is a developer or manufacturer of patented hotwires spark plug wires. It develops and sells proprietary diesel-to-natural gas engine conversion systems and complementary products, including new natural gas engines that utilize the Company's technology. Omnitek products are available for stationary applications in the transportation industry, which includes light commercial vehicles, minibuses, heavy-duty trucks, municipal buses, as well as rail and marine applications.
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