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GuruFocus has detected 6 Warning Signs with Pier 1 Imports Inc $PIR.
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Pier 1 Imports Inc (NYSE:PIR)
Market Cap (M)
$435 Mil (As of Today)

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 (end-of-period, EOP). Pier 1 Imports Inc's share price for the quarter that ended in Feb. 2017 was $6.73. Pier 1 Imports Inc's shares outstanding (EOP) for the quarter that ended in Feb. 2017 was 83 Mil. Therefore, Pier 1 Imports Inc's market cap for the quarter that ended in Feb. 2017 was $560 Mil.

Pier 1 Imports Inc's quarterly market cap increased from Aug. 2016 ($384 Mil) to Nov. 2016 ($464 Mil) and increased from Nov. 2016 ($464 Mil) to Feb. 2017 ($560 Mil).

Pier 1 Imports Inc's annual market cap declined from Feb. 2015 ($1,084 Mil) to Feb. 2016 ($412 Mil) but then increased from Feb. 2016 ($412 Mil) to Feb. 2017 ($560 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. Pier 1 Imports Inc's enterprise value for Today is $473 Mil.


Definition

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.

Pier 1 Imports Inc's Market Cap for the fiscal year that ended in Feb. 2017 is calculated as

Market Cap (A: Feb. 2017 )=Share Price (A: Feb. 2017 )*Shares Outstanding (EOP) (A: Feb. 2017 )
=6.73*83.18
=560

Pier 1 Imports Inc's Market Cap for the quarter that ended in Feb. 2017 is calculated as

Market Cap (Q: Feb. 2017 )=Share Price (Q: Feb. 2017 )*Shares Outstanding (EOP) (Q: Feb. 2017 )
=6.73*83.18
=560

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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 company’s 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.


Related Terms

Shares Outstanding (EOP)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Pier 1 Imports Inc Annual Data

Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16Feb17
mktcap 464197061,1841,8842,4331,9441,084412560

Pier 1 Imports Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
mktcap 1,2481,0841,138886566412471384464560
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