Prosperity Bancshares's quarterly market cap
declined
from Jun. 2023 ($5,293 Mil) to Sep. 2023 ($5,115 Mil) but then
increased
from Sep. 2023 ($5,115 Mil) to Dec. 2023 ($6,348 Mil).
Prosperity Bancshares's annual market cap
declined
from Dec. 2021 ($6,664 Mil) to Dec. 2022 ($6,637 Mil) and
declined
from Dec. 2022 ($6,637 Mil) to Dec. 2023 ($6,348 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. Prosperity Bancshares's Enterprise Value for Today is $8,908 Mil.
* 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 Prosperity Bancshares's Market Cap
For the Banks - Regional subindustry, Prosperity Bancshares'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.
Prosperity Bancshares's Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Prosperity Bancshares's Market Cap distribution charts can be found below:
* The bar in red indicates where Prosperity Bancshares's Market Cap falls into.
Prosperity Bancshares 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.
Prosperity Bancshares'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.
Prosperity Bancshares (NYSE:PB) 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.
Prosperity Bancshares Market Cap Related Terms
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Prosperity Bancshares (Prosperity Bancshares) Business Description
Prosperity Bancshares Inc follows a community bank model and provides multiple services to individuals and small to midsize businesses. It operates more than 270 branches in Texas, most of them around the Houston, Dallas-Fort Worth, Corpus Christi, and Austin metropolitan areas.
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