Performant Healthcare's quarterly market cap
declined
from Dec. 2024 ($236.5 Mil) to Mar. 2025 ($231.8 Mil) but then
increased
from Mar. 2025 ($231.8 Mil) to Jun. 2025 ($316.0 Mil).
Performant Healthcare's annual market cap
declined
from Dec. 2022 ($272.6 Mil) to Dec. 2023 ($240.4 Mil) and
declined
from Dec. 2023 ($240.4 Mil) to Dec. 2024 ($236.5 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. Performant Healthcare's Enterprise Value for Today is $623.4 Mil.
Performant Healthcare (NAS:PHLT) 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.
* 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.
For the Health Information Services subindustry, Performant Healthcare'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.
Performant Healthcare Market Cap vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Performant Healthcare's Market Cap distribution charts can be found below:
* The bar in red indicates where Performant Healthcare's Market Cap falls into.
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.
Performant Healthcare's Market Cap for the fiscal year that ended in Dec. 2024 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.
Performant Healthcare (PHLT) has a Market Cap of $623.4 Mil as of Jun. 29, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Performant Healthcare and its competitors.
Is Performant Healthcare's Market Cap too high?
Performant Healthcare's current Market Cap is $623.4 Mil. The Healthcare Providers & Services industry median Market Cap is 93.08. Performant Healthcare's value of $623.4 Mil is 569.8% above this industry median. Overall, Performant Healthcare has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Performant Healthcare's Market Cap compare to WEAV and HSTM?
Performant Healthcare's Market Cap of $623.4 Mil can be compared against companies in the Healthcare Providers & Services industry. The industry median Market Cap is 93.08. Performant Healthcare's value of $623.4 Mil is 569.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Healthcare Providers & Services company?
The median Market Cap among Healthcare Providers & Services companies is 93.08, based on 694 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Performant Healthcare's current Market Cap of $623.4 Mil is 569.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Performant Healthcare and its competitors. For the Healthcare Providers & Services industry, the median Market Cap is 93.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Performant Healthcare's current Market Cap is $623.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Performant Healthcare stock overvalued right now?
Performant Healthcare (PHLT) has a current Market Cap of $623.4 Mil. The stock's GF Value™ is $3.24, compared to a current price of $7.75 — trading 139.2% above its estimated fair value. The current Market Cap is $623.4 Mil and 569.8% above the Healthcare Providers & Services industry median of 93.08. Performant Healthcare's overall GF Score™ is 9/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Performant Healthcare (PHLT), the current Market Cap is $623.4 Mil as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Performant Healthcare (PHLT) Overvalued in 2026?
Based on GuruFocus' analysis, Performant Healthcare stock appears to be overvalued.
The current stock price of $7.75 is trading 139.2% above its estimated GF Value™ of $3.24.
Key valuation signals for PHLT:
Market Cap: $623.4 Mil
GF Value™: $3.24 vs. price of $7.75 (139.2% above fair value)
Industry Position: 569.8% above the Healthcare Providers & Services median
No single metric tells the full story. See the PHLT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Performant Healthcare Inc provides solutions to payers in the healthcare industry to identify, prevent, and recover waste and improper payments by leveraging technology, analytics, and proprietary data assets.
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