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). PNM Resources's share price for the quarter that ended in Dec. 2023 was $41.6. PNM Resources's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 90 Mil. Therefore, PNM Resources's market cap for the quarter that ended in Dec. 2023 was $3,752 Mil.
PNM Resources's quarterly market cap
declined
from Jun. 2023 ($3,871 Mil) to Sep. 2023 ($3,829 Mil) and
declined
from Sep. 2023 ($3,829 Mil) to Dec. 2023 ($3,752 Mil).
PNM Resources's annual market cap
increased
from Dec. 2021 ($3,915 Mil) to Dec. 2022 ($4,188 Mil) but then
declined
from Dec. 2022 ($4,188 Mil) to Dec. 2023 ($3,752 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. PNM Resources's Enterprise Value for Today is $8,286 Mil.
PNM Resources Market Cap Historical Data
The historical data trend for PNM Resources'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.
PNM Resources Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Market Cap
4,039.23
4,165.57
3,914.93
4,187.88
3,752.34
PNM Resources Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Market Cap
4,187.88
4,178.44
3,871.15
3,829.09
3,752.34
Competitive Comparison
For the Utilities - Regulated Electric subindustry, PNM Resources'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.
PNM Resources Market Cap Distribution
For the Utilities - Regulated industry and Utilities sector, PNM Resources's Market Cap distribution charts can be found below:
* The bar in red indicates where PNM Resources's Market Cap falls into.
PNM Resources 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.
PNM Resources'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.
PNM Resources (NYSE:PNM) 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.
PNM Resources Market Cap Related Terms
Thank you for viewing the detailed overview of PNM Resources's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
PNM Resources (PNM Resources) Business Description
PNM Resources Inc, or PNMR, is a holding company that owns regulated utilities companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce most of the energy. TNMP owns and operates transmission and distribution services primarily in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers. PNM generates the vast majority of PNMR's total revenue.
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