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). Penske Automotive Group's share price for the quarter that ended in Dec. 2023 was $160.51. Penske Automotive Group's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 67 Mil. Therefore, Penske Automotive Group's market cap for the quarter that ended in Dec. 2023 was $10,772 Mil.
Penske Automotive Group's quarterly market cap
increased
from Jun. 2023 ($11,215 Mil) to Sep. 2023 ($11,229 Mil) but then
declined
from Sep. 2023 ($11,229 Mil) to Dec. 2023 ($10,772 Mil).
Penske Automotive Group's annual market cap
declined
from Dec. 2021 ($8,318 Mil) to Dec. 2022 ($8,009 Mil) but then
increased
from Dec. 2022 ($8,009 Mil) to Dec. 2023 ($10,772 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. Penske Automotive Group's Enterprise Value for Today is $17,698 Mil.
Penske Automotive Group Market Cap Historical Data
The historical data trend for Penske Automotive Group'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.
* Premium members only.
Penske Automotive Group Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Market Cap
4,072.07
4,774.52
8,317.51
8,008.54
10,772.02
Penske Automotive Group Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Market Cap
8,008.54
9,784.98
11,215.05
11,228.79
10,772.02
Competitive Comparison
For the Auto & Truck Dealerships subindustry, Penske Automotive Group'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.
Penske Automotive Group Market Cap Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Penske Automotive Group's Market Cap distribution charts can be found below:
* The bar in red indicates where Penske Automotive Group's Market Cap falls into.
Penske Automotive Group 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.
Penske Automotive Group'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.
Penske Automotive Group (NYSE:PAG) 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.
Penske Automotive Group Market Cap Related Terms
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Penske Automotive Group (Penske Automotive Group) Business Description
Penske Automotive Group operates in about 20 U.S. states and overseas. It has about 150 U.S. light-vehicle stores including in Puerto Rico as well as 189 franchised dealerships overseas, primarily in the United Kingdom. The company is the second-largest U.S.-based dealership in terms of light-vehicle revenue and sells more than 35 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other services, in addition to new and used vehicles, are parts and repair and finance and insurance. The firm's Premier Truck Group owns 44 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns 20 CarShop used-vehicle stores in the U.S. and U.K. The company is based in Michigan and was called United Auto Group before changing its name in 2007.
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